Oil and Gas News

February 11, 2016

Oil mixed after OPEC report
New York (UPI) Feb 10, 2016
A relatively static, but lower, forecast for oil demand for 2016 from the Organization of Petroleum Exporting Countries left oil prices mixed early Wednesday. OPEC in its market report for February said it estimated oil demand for 2016 would grow by 1.25 million barrels per day, down from the growth forecast for 2015 of 1.5 million bpd. OPEC said the February forecast for 2016 was only marginally lower than the previous month, despite growing concerns about the health of the global economy. ... read more

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Feb 04

Sechin: Rosneft could go private Russia's state-owned oil company Rosneft could move toward privatization, though oil markets would first have to stage a major recovery, the CEO said. ... more		Iran addressing high unemployment Iran aims to advance employment by bringing younger workers into a modernizing petrochemical sector, members of the Iranian parliament said. ... more		OPEC: Oil in Americas under pressure An uncertain price trajectory for 2016 and a sharp decline in rig activity in North America means oil production is under pressure, OPEC said. ... more
				Tullow cuts spending guidance by 18 percent Africa-focused Tullow Oil said the challenge for 2016 was to navigate the weakened market with key offshore priorities intact while cutting investments. ... more		Petroleum reservoir simulation using super element method 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. S ... more

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		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		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

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

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		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		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		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

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

House scoffs at Obama's proposed $10 oil fee		BG Group ends independence on high note		Canada's Suncor trims spending		Wood Mac: Production not fading with oil prices		Oil lower on U.S. jobs data
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

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