Oil and Gas News

February 09, 2016

North Dakota continues shedding rigs
Bismarck, N.D. (UPI) Feb 8, 2016
Lower crude oil prices continued to pressure upstream operations in North Dakota as the state shed two rigs since last week, state data show. The state government shows 42 rigs in service as of Monday, down two from the number reported last week. The all-time low point is zero and the current rig count breaks the most recent low of 45 reported in August 2009. On this date in 2012, the state reported 202 rigs were actively exploring for or producing oil or natural gas in the state. Crude ... read more

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Rig contract cancelled for Transocean Rig company Transocean said Monday its contract for the Discoverer Deep Seas rig in the Gulf of Mexico was canceled nine months early. ... more		Mexican rig fire leaves three dead Three rig workers died as a result of an accident at the Abkatun-A offshore drilling platform in the Gulf of Mexico, the state oil company in Mexico confirmed. ... more		Oil falters on low prospect of output cuts Crude oil prices moved lower in early Monday trading after OPEC members offered few signs of lowering production to alleviate the lingering glut. ... more
				Total gas moves in North Sea praised A move by French energy company Total to start gas production from the North Sea is welcome news for an industry under pressure, Oil & Gas U.K. said Monday. ... more		DNO, Genel paid for Kurdish oil exports Two partners working in the Kurdish north of Iraq, DNO International and Genel Energy, said they received their regular payments for crude oil exports. ... more

Iran aims for more diverse economy Iranian exports of around $50 billion worth of non-petroleum products are not enough to diversify the nation's economy, the speaker of parliament said. ... more		U.S. rig count drops 8 percent The total number of rigs actively exploring for or producing oil and gas in the United States dropped more than 8 percent, Baker Hughes reports. ... 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		Kurds pay out for crude oil exports With formal statehood under consideration, the Kurdish government continues to make its regular payments for crude oil exports, Genel Energy said. ... more
				House scoffs at Obama's proposed $10 oil fee Republican leaders in the U.S. House said a White House proposal to impose a $10-per-barrel tax on U.S. oil stands no chance of gaining legislative traction. ... more		BG Group ends independence on high note In its last report as an independent company, BG Group said it was one of the few companies in the struggling sector to report a full-year profit. ... more

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Canada's Suncor trims spending Canadian energy company Suncor, after a success hostile takeover of a rival, reported a fourth quarter net loss of almost $1.5 billion. ... more		Wood Mac: Production not fading with oil prices Despite the dramatic decline in crude oil prices since mid-2014, consultant group Wood Mackenzie finds production has yet to see significant curtailments. ... 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 lower on U.S. jobs data Crude oil prices turned modestly lower at the opening bell Friday after reports showed the U.S. labor sector is starting to cool down. ... more
Is lignin the crude oil of the future? Maybe so, thanks to the Sun and photocatalysts 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 t ... more		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

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

Chevron reports minor spill in the Philippines		Oil prices up in volatile trading		City of Washington, D.C., says 'no' to offshore drilling		Iran ahead of the game, Moody's finds		Lundin suffers major losses in 2015
Oil up on U.S. jobs, production rumors		Alberta goes all-in on economic diversity		Oil squeezing Oklahoma's budget		Oil sharply lower on weak earnings		Scotland offers more support for energy sector

Exxon posts profit, but not a very strong one

Refinery issues tug on gas prices

Anadarko latest to suffer fourth quarter loss

Friends of the Earth: British fracking plans undemocratic

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

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