Oil and Gas News

February 15, 2016

Firm aims to support hobbled offshore drillers
New York (UPI) Feb 12, 2016
U.S. investment firm Blackstone Group said it formed a partnership to help provide financial solutions to the offshore oil and natural gas services sector. Blackstone formed Clarion Offshore Partners to provide support for offshore drilling companies facing pressure from the market downturn. The entity is led by former top executives at offshore services provider Pride International, which was acquired by a rival in 2011. Louis Raspino, former CEO at Pride and now chairman of Clarion, sa ... read more

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Feb 13

Feb 12

Feb 11

Feb 10

Feb 09

OPEC rumors again drive oil higher Speculation that major world oil producers could at least curb increases caused crude oil prices to soar Friday, though underlying economic pessimism remains. ... more		EIA revises Oklahoma oil production higher A revised survey from the U.S. Energy Information Administration raised the estimated daily oil production from Oklahoma by 100,000 barrels. ... more		Iran again postpones London energy summit Organizers of an Iranian petroleum conference scheduled in London said the event was postponed because Iranian delegates were having visa issues. ... more
				California gas leak under control A massive gas leak near Los Angeles that forced thousands from their homes for months was brought under control on Thursday, a utility official said. ... more		More natural gas found offshore Myanmar With a strong portfolio in Myanmar, Australian energy company Woodside Petroleum said it was gaining traction after making its second gas discovery. ... more

TransCanada says position strong without KXL 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. ... more		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		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		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

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

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		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 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
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

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

Aussie oil company gushing over Cuba		Retail gasoline selling for a bargain		IEA demand forecast drags on oil prices		Chesapeake recovers some share value		North Dakota continues shedding rigs
Rig contract cancelled for Transocean		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

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