Oil and Gas News

January 28, 2016

Increasing oil's performance with crumpled graphene balls
Chicago IL (SPX) Jan 28, 2016
When an automobile's engine is improperly lubricated, it can be a major hit to the pocketbook and the environment. For the average car, 15 percent of the fuel consumption is spent overcoming friction in the engine and transmission. When friction is high, gears have to work harder to move. This means the car burns more fuel and emits more carbon dioxide into the atmosphere. "Every year, millions of tons of fuel are wasted because of friction," said Jiaxing Huang, associate professor of materials sc ... read more

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In Gulf Of Mexico, microbes thrive above natural oil seeps In the water above natural oil seeps in the Gulf of Mexico, where oil and gas bubbles rise almost a mile to break at the surface, scientists have discovered something unusual: phytoplankton, tiny mi ... more		Oil not moving in favor of Texas Though oil production continues to withstand weaker prices, the environment in the Texas oil and gas sector is in decline, an economist said. ... more		Shell shareholders approve merger with BG Group More than 80 percent of shareholders in Royal Dutch Shell voted in favor of combining with British energy company BG Group, the Dutch supermajor said. ... more
				Bill Barrett Corp. weighing 2016 options Bill Barrett Corp., which focuses on Colorado shale, said it was weighing its options for 2016 after reported a 9 percent decline in 2015 capital expenditures. ... more		Scotland wants tax support for North Sea energy The Scottish government said it would call on its British counterparts to create a favorable climate for North Sea investments in exploration and production. ... more

Hess Corp. posts net loss of $396 million for fourth quarter A day after announcing a cut in spending, Hess Corp. said it took a net loss of $396 million for the fourth quarter against $53 million in income year-on-year. ... more		Crude oil prices fade after inventory build Crude oil prices retreated into negative territory in early Wednesday trading amid data showing important economies were still oversupplied. ... 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		Continental Resources sees output dwindling U.S. shale player Continental Resources said weakness in the energy sector will manifest itself in a slow decline in overall production through 2016. ... more
				Oil-rich Saudis tilts toward more openness With the privatization of its state-owned oil company on the agenda, a Saudi competition director called for more government support for market newcomers. ... more		Kuwait, Iraq say OPEC will not cut output alone The Kuwaiti and Iraqi oil ministers said on Tuesday that OPEC will not cut production unless producers outside the cartel do the same, despite the plunge in crude prices. ... more

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Iran, Italy sign energy agreements Italian energy company Saipem said it signed an agreement to explore the option for working in the opening Iranian oil and gas sector. ... more		China starts gas production with Chevron China's largest energy company said it started commercial gas production from a field located in the Sichuan basin in southwest China. ... more		Alien civilizations may be far rarer than hoped study suggests Mapping the Universe faster without sacrificing precision Mysterious 'red dots' in early universe may be 'black hole star' atmospheres		Aliso gas leak effort in final phase The steps necessary to stop the gas leak from Aliso Canyon in California is underway, though work won't be done until the end of February, a gas company said. ... more
Gas prices volatile, but remain low Though the average U.S. price for a gallon of gasoline went up by a fraction of a cent, retail prices remain at their lowest in six years, market reports show. ... more		Hess trims spending guidance U.S. upstream player Hess Corp. said it was cutting planned spending for exploration and production for the year by 20 percent to $2.4 billion. ... more		Crude oil recovers from Monday's loss Crude oil prices started Tuesday in volatile territory after giving up recent gains, but held above $30 per barrel amid modest signs of economic optimism. ... more		ExxonMobil sees lower 'carbon intensity' in 2040 Global energy demand will rise by 25 percent through 2014, but greater use of low-carbon fuels will cut carbon emission relative to economic activity, said an ExxonMobil forecast released Monday. ... more

	Iran's Rouhani embarks for European trade tour With the nation's oil minister in tow, Iranian President Hassan Rouhani left Tehran for his first post-sanctions tour of European countries. ... more		Will oil prices rebound in 2016 Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost and Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the state of oil in 20 ... 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

North Dakota rig count down 20 percent so far this year		OPEC losing clout, energy chief says		Oil services company Halliburton posts deep loss		Turkey a vital energy partner, EU says		Texas oil production slumps 5 percent
Schlumberger sees little chance of market recovery		Russia sees oil settling near $30 per barrel		Lundin sells Malaysian infrastructure		Moody's: Low cash flow for oil and gas drillers		Crude oil prices move up 5 percent

BP sees no rush to tap into Iran

Energy spending cuts may usher in recovery

Gazprom mulls LNG options for Pakistan

Total scales back role in Russian oil field

Iraq faces 'harsh year' due to oil price fall: minister

Canada's Trudeau sees low-carbon opportunities

Woodside to take $1.2 million write off

Oil ticks lower after ECB rate decision

NGOs call for oil drilling ban at Africa's Virunga wildlife park

Sponge-like material can store natural gas

China's Xi opens refinery with Saudi King Salman

Shell not sure when recovery will emerge

Kurdish oil player Genel sees trouble ahead

EIA: Oil markets won't balance until 2017

China oil giant targets first output cut for a decade

Iran's Khamenei: Economic recovery is on us

Vietnam warns China over oil rig deployment

AAA: Savings at the pump starting to plateau

Crude oil moves lower as pessimism sets in

API: Regulations to blame for market slump

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