Oil and Gas News

February 10, 2016

Petroleum reservoir simulation using super element method
Kazan, Russia (SPX) Feb 10, 2016
The study conducted by researches of Kazan Federal University describes the theoretical framework and results of using a rapid three-dimensional super element model of oil field development. Simulation of oil field development is traditionally performed using full-scale filtration models (Roxar Tempest More, Shlumberger Eclipse, etc.) on Computational grids with a cell size of approximately several tens of meters horizontally and tens of centimeters vertically. Such models require specificat ... read more

Previous Issues

Feb 09

Feb 08

Feb 05

Feb 04

Feb 03

Suncor replaces board at Canadian Oil Sands Canadian Oil Sands announced its entire board of directors is comprised of former leaders from rival Suncor as a hostile takeover takes hold. ... more		Aussie oil company gushing over Cuba The lower cost of operating in the Cuban oil sector and improving Western diplomatic ties means good things for early movers, an Australian company said. ... more		Retail gasoline selling for a bargain Retail gasoline price movements may buck historic trends and not move up dramatically on seasonal pressures, motor club AAA reports. ... more
				IEA demand forecast drags on oil prices Crude oil prices moved lower in early Tuesday trading after the International Energy Agency warned of a prolonged market downturn. ... more		Chesapeake recovers some share value Shares in U.S. oil and gas company Chesapeake Energy Corp. recovered lost ground after it said it was seeking financial guidance, but not filing for bankruptcy. ... more

North Dakota continues shedding rigs Lower crude oil prices continued to pressure upstream operations in North Dakota as the state shed two rigs since last week, state data show. ... more		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		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		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

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

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		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		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
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		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		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

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

Is lignin the crude oil of the future? Maybe so, thanks to the Sun and photocatalysts		Total lands Chinese LNG deal		Statoil cuts spending to prepare for rebound		Market is brutal, Weatherford says		EU still net energy importer
Conoco trims dividends, Shell earnings down 80 percent		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

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