Oil and Gas News

February 12, 2016

TransCanada says position strong without KXL
Calgary, Alberta (UPI) Feb 11, 2016
TransCanada Corp. said it reported a $1.8 billion loss for the fourth quarter, but maintained it would soldier on even without the Keystone XL oil pipeline. For the sixteenth year in a row, the company announced it raised its dividend even as its losses mount as a result of a weak market for crude oil. The company announced a net loss of the fourth quarter of $1.8 billion, against net income of $330 million for the same period in 2014. The company in mid-2015 started a restructuring init ... read more

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Feb 05

PBF Energy reports lower income U.S. refiner PBF Energy said it was sharing the pain of its upstream counterparts with a reported fourth quarter income about 20 percent lower year-on-year. ... more		EIA: U.S. energy spending down sharply Investment in the mining and other extractive industries, including oil, declined in the United States by more than 30 percent last year, federal data show. ... more		DNO upbeat on Kurdish oil payments Kurdish-focused energy company DNO International said revenues for last year were sharply lower, though it ended 2015 with an increase in cash balance. ... more
				Continental's proven reserves drop U.S. shale leader Continental Resources reported its proved reserves for the year ending Dec. 31 declined by millions of barrels. ... more		Oil prices tumble after Fed testimony Despite upbeat U.S. and European labor reports, lingering concerns over U.S. economic momentum throttled crude oil prices in early Thursday trading. ... more

End of the line for BG Group BG Group announced its shares will be suspended on the London Stock Exchange at the close of trading Friday as part of its merger with Royal Dutch Shell. ... more		Oil mixed after OPEC report A relatively static, but lower, forecast for oil demand for 2016 from the Organization of Petroleum Exporting Countries left oil prices mixed early Wednesday. ... 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		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

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

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		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		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

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

Mexican rig fire leaves three dead		Oil falters on low prospect of output cuts		Total gas moves in North Sea praised		DNO, Genel paid for Kurdish oil exports		Iran aims for more diverse economy
U.S. rig count drops 8 percent		Kurds pay out for crude oil exports		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

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