Oil and Gas News

February 19, 2016

Woodside wades into West African basins
Perth, Australia (UPI) Feb 18, 2016
Despite reporting weakness during the sector downturn, Australia's Woodside Petroleum said it acquired new exploration acreage off the West African coast. Regional subsidiary Woodside Energy (Senegal), for undisclosed conditions, acquired a 65 percent interest in a production sharing contract offshore Senegal and Guinea-Bissau from Impact Oil & Gas. Woodside will move into a position of operator at deepwater sites covering about 2,500 square miles. CEO Peter Coleman said in a statement t ... read more

Previous Issues

Feb 18

Feb 17

Feb 16

Feb 15

Feb 12

Russia open to possible oil output hike A move to freeze crude oil production at January levels still leaves room for production growth from Russia this year, the deputy energy minister said. ... more		Iran part of OMV revival strategy Austrian energy company OMV said it was placing bets on opportunities in Iran as it retools its upstream portfolio for growth in the weakened energy sector. ... more		Refugio Beach oil spill tied to pipeline corrosion The federal government said its preliminary report of the May 2015 oil spill at Refugio Beach in southern California found pipeline corrosion to be the culprit. ... more
				Oil rallies on Iran support for production freeze An Iran decision to back a multilateral oil production freeze helped support a rally in crude oil prices Thursday, though analysis finds supply strains persist. ... more		Attacks halt Kurdish oil exports The Kurdish government in northern Iraq said crude oil exports from the region were interrupted because of attacks on a pipeline across the border in Turkey. ... more

Massive California gas leak permanently capped A leaking gas well that spewed tons of methane into the air and forced thousands of Los Angeles residents from their homes has been permanently sealed, state officials said Thursday. ... more		Oil flowing from British shale A British energy company said Wednesday shale oil continued to flow naturally to the surface, a day after it declared high rates from its Horse Hill license. ... 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		Suit in Oklahoma ties fracking to earthquakes Environmental advocacy group Sierra Club said it filed a lawsuit against energy companies involved in Oklahoma shale in part because of the rise of earthquakes. ... more
				Iraq Kurds say will accept PM's oil for salaries deal Iraq's autonomous Kurdish region said Wednesday that it would halt independent oil sales if Baghdad pays its employees, but cast doubt on the federal government's ability to implement the proposal. ... more		Woodside Petroleum bracing for weakness Supply-side pressures are expected to last through most of 2016 and continue to pressure growth opportunities, Australia's Woodside Petroleum said. ... more

Space Tech Expo - Design - Build - Test - Pasadena CA - May 24-26, 2016

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Statoil cancels Maersk rig contract Norwegian energy company Statoil said Wednesday it decided to cancel a rig contract with Maersk Drilling, transferring the terms to French supermajor Total. ... more		Oil soars as ministers meet in Tehran Crude oil prices soared in Wednesday trading as petroleum ministers reviewed productions levels in Tehran, even as Iran maintains defense of its market share. ... 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		Iraq Kurds made $3.94 bn from direct oil sales in 2015 Iraq's autonomous Kurdish region announced on Tuesday that it made over $3.94 billion last year from direct oil export sales that the country's federal government considers illegal. ... more
Retail gas prices may be at seasonal low point U.S. retail gasoline prices continue to fall, though with oil production cuts on the table, consumer may be enjoying the last of the savings, analysts said. ... more		Oil-rich Oklahoma looks to tourism for revenue The governor of Oklahoma, which is facing a budget gap in part because of low oil prices, said she was looking to tourism as a possible financial life line. ... more		EU aims for more diverse energy sector A European energy strategy aims to counter geopolitical threats to supplies while at the same time considering global climate initiatives, a commissioner said. ... more		Statoil makes green investments Norwegian energy company Statoil announced the launch of a new $200 million investment fund to help drive a strong renewable energy growth strategy. ... more

	OMV brings Statoil to New Zealand Austrian energy company OMV said its New Zealand subsidiary was bringing Norwegian energy giant Statoil on as a partner for offshore exploration. ... more		Oil struggles for gains despite latest production talks An overnight rally in crude oil prices sparked by the latest talk of production cuts from OPEC members lost steam after analysts took stock of output data. ... 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

Alexei Miller re-elected to lead Gazprom		Does living near an oil or natural gas well affect your drinking water		Iraq PM offers cash-strapped Kurds salaries for oil		Several quakes strike oil-rich Oklahoma		Oil spills in Peruvian Amazon hit wildlife
Oil ticks slightly higher, though Japan clouds momentum		North Dakota rig count moves lower		No discounts for oil, Iran says		BG Group fully incorporated under Shell		UAE's Dana Gas bucks trends with profit

Construction for Johan Sverdrup platform begins

EIA revises Oklahoma oil production higher

Iran again postpones London energy summit

California gas leak under control

More natural gas found offshore Myanmar

Firm aims to support hobbled offshore drillers

OPEC rumors again drive oil higher

TransCanada says position strong without KXL

PBF Energy reports lower income

EIA: U.S. energy spending down sharply

DNO upbeat on Kurdish oil payments

Continental's proven reserves drop

Oil prices tumble after Fed testimony

End of the line for BG Group

Oil mixed after OPEC report

Sechin: Rosneft could go private

Iran addressing high unemployment

OPEC: Oil in Americas under pressure

Tullow cuts spending guidance by 18 percent

Petroleum reservoir simulation using super element method

Buy Advertising

Media Advertising Kit

Editorial & Other Enquiries

Privacy statement

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.