Oil and Gas News

February 23, 2016

One-step process to convert CO2 and water into liquid hydrocarbon fuel
Arlington TX (SPX) Feb 23, 2016
A team of University of Texas at Arlington chemists and engineers have proven that concentrated light, heat and high pressures can drive the one-step conversion of carbon dioxide and water directly into useable liquid hydrocarbon fuels. This simple and inexpensive new sustainable fuels technology could potentially help limit global warming by removing carbon dioxide from the atmosphere to make fuel. The process also reverts oxygen back into the system as a byproduct of the reaction, with a clear p ... read more

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Three weekend tremors in shale-rich Oklahoma Seismic activity in shale-rich Oklahoma was apparent again, with the U.S. Geological Survey recording three minor events in less than 24 hours as of Monday. ... more		Oil soars on expected fade in U.S. supply The expected decline in U.S. crude oil production boosted market sentiments of a return to balance, pushing crude oil prices sharply higher Monday. ... more		EnQuest, Cairn strengthen North Sea hold Even as pressure builds on the North Sea energy sector, British energy company EnQuest said it strengthened its hold over the Kraken oil field. ... more
				Iran opening energy doors for Europe Iran said Monday it expected to renew an energy relationship with German company Siemens, which was suspected of Internet sabotage in 2010. ... more		Eni cleared to develop Zohr gas basin in Egypt Italian energy company Eni said it received consent from the Egyptian government to lay the groundwork for developing a giant offshore gas basin. ... more

Moody's: Gulf banks pressured by oil Banks for members of the Gulf Cooperation Council, which includes Saudi Arabia, face pressure from low oil prices despite government support, Moody's said. ... more		Wood Group cuts North Sea contractor rates British energy services company Wood Group said Friday it was cutting rates paid to its North Sea contractors because of negative market pressures. ... 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		Russia sees possibility for economic contraction With energy playing a dominate role in national finances, Russia's deputy prime minister said Friday an economic contraction is possible for this year. ... more
				Payments continue for Kurdish oil exports Though its government said it's struggling financially, Gulf Keystone Petroleum said it was still getting paid for oil exported from the Kurdish north of Iraq. ... more		Rare win for Halliburton with North Sea agreement In a rare win for the upstream energy sector, British company Cluff Natural Resources said Friday it extended a North Sea agreement with Halliburton. ... 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

U.S. to open more drilling sites in Gulf of Mexico Opening up more acreage in the Gulf of Mexico to potential oil and gas drillers could bring in more revenue to federal and state coffers, a regulator said. ... more		California methane leak stopped Investigators in southern California said they're focusing their efforts on the causes behind a methane leak now that a faulty well is sealed. ... 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 moves sharply lower on supply data Oil prices made a sharp reversal in Friday trading as market fundamentals moved to overshadow short-term reactions to production freezes earlier this week. ... more
Woodside wades into West African basins Despite reporting weakness during the sector downturn, Australia's Woodside Petroleum said it acquired new exploration acreage off the West African coast. ... more		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

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

Massive California gas leak permanently capped		Oil flowing from British shale		Suit in Oklahoma ties fracking to earthquakes		Iraq Kurds say will accept PM's oil for salaries deal		Woodside Petroleum bracing for weakness
Statoil cancels Maersk rig contract		Oil soars as ministers meet in Tehran		Iraq Kurds made $3.94 bn from direct oil sales in 2015		Retail gas prices may be at seasonal low point		Oil-rich Oklahoma looks to tourism for revenue

EU aims for more diverse energy sector

Statoil makes green investments

OMV brings Statoil to New Zealand

Oil struggles for gains despite latest production talks

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

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