Oil and Gas News

February 05, 2016

Is lignin the crude oil of the future? Maybe so, thanks to the Sun and photocatalysts
Warsaw, Poland (SPX) Feb 05, 2016
Is lignin the crude oil of the future? Maybe so, thanks to the Sun and photocatalysts! We associate refineries with crude oil and a dense tangle of technical fittings. They may, however, change in the future - if crude oil is replaced by lignin, a product currently treated as industrial waste. The research route leading towards this goal is being paved by new photocatalysts, developed by the Institute of Physical Chemistry of the Polish Academy of Sciences in Warsaw. They allow lignin-based model ... read more

Previous Issues

Feb 04

Feb 03

Feb 02

Feb 01

Jan 31

Total lands Chinese LNG deal French energy company Total said Thursday it signed a breakthrough binding agreement for the delivery of liquefied natural gas to the Chinese market. ... more		Statoil cuts spending to prepare for rebound Norwegian energy company Statoil said Thursday it was cutting spending for the year in an effort to position its portfolio for growth once the market recovers. ... more		Market is brutal, Weatherford says Noting the "brutality" of the oil sector downturn, field services company Weatherford International said it was looking to trim up to 6,000 jobs. ... more
				EU still net energy importer Members of the European Union imported more than half of their energy in 2014, data from the region's statistics office showed. ... more		Conoco trims dividends, Shell earnings down 80 percent It's unclear how long the oil market will remain suppressed so the best course of action is to cut back and wait for recovery, Conoco Phillips said Thursday. ... more

Chevron reports minor spill in the Philippines Chevron confirmed its Philippines subsidiary suffered a spill during the loading of fuel, but noted the leak was fully contained within hours of the incident. ... more		Oil prices up in volatile trading Crude oil prices moved in volatile territory Thursday after a string of poor earnings reports balanced against ongoing rumors of potential production cuts. ... 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		City of Washington, D.C., says 'no' to offshore drilling Advocacy group Oceana said it welcomed Washington, D.C., to a growing list of local governments expressing opposition to drilling in the Atlantic Ocean. ... more
				Iran ahead of the game, Moody's finds Steering the region's second-largest economy through Western sanctions means Iran is in a unique position to weather an oil sector downturn, Moody's said. ... more		Lundin suffers major losses in 2015 Swedish energy company Lundin Petroleum reported its worst quarterly results ever, though its president said the market may be approaching bottom. ... more

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Oil up on U.S. jobs, production rumors Signs of a resilient U.S. labor sector and ongoing rumors about oil production deals pulled crude oil back above $30 per barrel in Wednesday trading. ... more		Alberta goes all-in on economic diversity The provincial government of Alberta reshaped its ministerial portfolio to help usher in a new scheme for economic diversity, Premier Rachel Notley said. ... 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		Oil squeezing Oklahoma's budget State agencies in Oklahoma may be facing budget cuts of at least 10 percent in part because of the pressure from lower oil prices, the governor said. ... more
Oil sharply lower on weak earnings Weak fourth quarter reports from the energy sector helped sustain downward momentum sparked by China, leading to a lower opening Tuesday for crude oil prices. ... more		Scotland offers more support for energy sector Following plans to help energy workers with new training, the Scottish government said it was offering support to protect oil and gas companies from risk. ... more		Exxon posts profit, but not a very strong one U.S. supermajor Exxon Mobil said it still managed to post earnings during the fourth quarter, though results were lower year-on-year by more than half. ... more		Refinery issues tug on gas prices Refinery issues may be pulling the U.S. national average price for gas higher, though low crude oil prices are keeping the average below $2, AAA said. ... more

	Anadarko latest to suffer fourth quarter loss U.S. shale and offshore player Anadarko Petroleum announced plans to cut spending after posting a fourth quarter loss of $1.25 billion. ... more		Friends of the Earth: British fracking plans undemocratic A British plan to develop an industrial-scale shale natural gas industry within a decade is an "attack on democracy," an environmental campaign group said. ... 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

Iraq oil exports up but revenue plunges on low prices		Oil starts February in the red		Oil prices fall on weak China data, dimming deal hopes		Leviathan gas to supply Israeli market		Shell divesting from Malaysia
Scotland offers aid to North Sea energy workers		Total signs agreement with Iran		Russian Central Bank sees risk from oil		Texas to share shale strategies with Mexico		Chevron posts first loss in more than 10 years

Oil smiles on Bank of Japan moves

Lundin trims spending, but output will be higher

BG shareholders still reviewing Shell merger

In Gulf Of Mexico, microbes thrive above natural oil seeps

U.S. oil exports relatively unchanged

Oil prices soar on production rumors, U.S. labor

Enbridge builds footprint in Montney shale

Canada to consider CO2 emissions in approving new pipelines

Canadian oil constricted without new pipelines

Shale-rich Oklahoma funding earthquake research

Baker Hughes posts hefty loss

Increasing oil's performance with crumpled graphene balls

Oil not moving in favor of Texas

Shell shareholders approve merger with BG Group

Bill Barrett Corp. weighing 2016 options

Scotland wants tax support for North Sea energy

Hess Corp. posts net loss of $396 million for fourth quarter

Crude oil prices fade after inventory build

Continental Resources sees output dwindling

Oil-rich Saudis tilts toward more openness

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