Oil and Gas News

January 21, 2016

Sponge-like material can store natural gas
Pittsburgh PA (SPX) Jan 21, 2016
Although compressed natural gas represents a cleaner and more efficient fuel for vehicles, its volatile nature requires a reinforced, heavy tank that stores the gas at high pressure and therefore limits vehicle design. Researchers at the University of Pittsburgh's Swanson School of Engineering are utilizing metal-organic frameworks (MOFs) to develop a new type of storage system that would adsorb the gas like a sponge and allow for more energy-efficient storage and use. The research, "Mechani ... read more

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China's Xi opens refinery with Saudi King Salman Chinese President Xi Jinping and Saudi King Salman on Wednesday inaugurated a joint-venture refinery, symbolising Beijing's deepening involvement in the Middle East and Riyadh's need for economic diversification. ... more		Shell not sure when recovery will emerge There's a durable sense of weakness in the oil economy and, while recovery is expected, it's uncertain when, Royal Dutch Shell said Wednesday. ... more		Kurdish oil player Genel sees trouble ahead Kurdish oil player Genel Energy said it was optimistic for 2016, but recognized macroeconomic pressures and strains from regional security may persist. ... more
				EIA: Oil markets won't balance until 2017 The global market likely won't pull away from the supply side until at least 2017 as crude oil lingers in storage, the head of the EIA told U.S. lawmakers. ... more		China oil giant targets first output cut for a decade Chinese state energy giant CNOOC has cut its targeted output for 2016, the first such move in over a decade, as fears grow over the health of the Chinese economy and plunging oil prices. ... more

Iran's Khamenei: Economic recovery is on us With sanctions pressures easing, the onus to address economic concerns in the depressed oil market is on Tehran, the country's ruling cleric said. ... more		Vietnam warns China over oil rig deployment Vietnam has warned China not to drill for oil after Beijing moved a giant rig at the centre of a previous maritime standoff back into disputed waters. ... more		Fossil fuels harm health from 'cradle to grave': report Trash, mulch and security: All jobs for troops in Washington Rising oceans to threaten 1.5 million Australians by 2050: report		AAA: Savings at the pump starting to plateau U.S. drivers continue to see gas prices drop, though the rate of declines are leveling off with prices only 18 cents less than this date last year, AAA said. ... more
				Crude oil moves lower as pessimism sets in Optimism over Chinese growth maturation evaporated Wednesday as markets measured long-term economic sentiments, pushing crude oil prices sharply lower. ... more		API: Regulations to blame for market slump The powerful American Petroleum Institute said the upstream energy sector was in decline and it was restrictive regulations that were to blame. ... more

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

The trio who led Saudi Arabia's year of change Saudi Arabia on Saturday marks one year since King Salman bin Abdulaziz acceded to the throne of the world's biggest oil exporter, beginning a tumultuous period of change. ... more		Chinese president in Saudi Arabia to bolster ties Chinese President Xi Jinping arrived in Saudi Arabia on Tuesday, the first stop on a trip to raise the economic giant's political profile in a troubled Middle East. ... more		Orbit Over Obsolescence: How Satellite Constellations Are Replacing Cell Towers One Layer at a Time Constellations of Power: Smart Dragon-3 and the Geopolitics of China's Space Strategy 5 reasons online slots remain so popular		Iraq aims to cut spending on oil companies as prices dive Iraq said on Tuesday that it is seeking to reduce the amount it spends on foreign oil companies as plummeting crude prices put the country in an ever-worsening economic bind. ... more
IMF lowers economic forecast for Saudi Arabia The economy of oil-rich Saudi Arabia is expected to face growth restrictions at least for the next two years, the International Monetary Fund said. ... more		Oil price leverage failed, Iran says Any effort to use leverage in the crude oil market to push Iran into an economic corner has failed, Iranian President Hassan Rouhani said Tuesday. ... more		U.S. shale player Sanchez cuts spending Even with a strong production record for the fourth quarter, U.S. shale player Sanchez Energy said Tuesday it would cut spending by about $50 million. ... more		Crude oil edges higher on Chinese data Crude oil prices recovered some lost ground in early Tuesday trading as market reality set in on Iran, though long-term pessimism remains. ... more

	Chevron in Chinese deal for LNG deliveries Chevron made further progress with its Australian liquefied natural gas developments by landing a 10-year agreement to supply the Chinese market. ... more		CNOOC trims production guidance China National Offshore Oil Corp., the country's largest producer, said its 2016 production forecast is lower than last year by about 3.5 percent. ... more

U.S. defense in free fall

U.S. and Saudis conduct Middle East's largest counter-drone exercise

Saudi Arabia and Pakistan sign mutual defense pact

Alberta's economy pinched by oil		Oceana latest to call for end to Shell's Alaska program		Iran boosts oil production, condemns new sanctions		Fracking in Alberta: daily quakes and thirsty residents		BHP Billiton taking huge U.S. onshore charge
Chevron close to first Australian LNG export		Crude oil falls below $30 per barrel		Former Chesapeake boss eyes Argentinean shale		Gazprom posts strong European sales		Oil pressures spreading, Dallas Fed finds

Lundin: Statoil buy a vote of confidence

Industry impact on low oil prices 'brutal'

Norway asks oil and gas players to take long view

GAO: Only 6 confirmed market players in Iran's energy sector

Crude oil prices move higher on shades of optimism

State tax revenue squeezed by oil prices

Iran: No request for OPEC meeting

Africa-focused Tullow expects good year

Europe has questions about Baker, Halliburton merger

Oil tries again to rally

Fitch downgrades Hess Corp. to negative

Another setback for Canadian pipelines

OPEC rumors give oil prices a rare lift

BP cuts staff from North Sea operations

Gas prices follow crude oil lower

North Dakota rig count off 3 percent

MOL, Gulf Keystone give up Kurdish stake

Hoeven: U.S. fighting for oil dominance

Canadian Oil Sands declares victory

Oil prices continue slide

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