Oil and Gas News

February 26, 2016

First U.S. LNG cargo sets sail
Houston (UPI) Feb 25, 2016
The first cargo of liquefied natural gas sourced from inland shale basins in the United States is on its way to Brazil, shipping monitors confirmed. Shipping monitor Genscape confirmed vessel Asia Vision left its port at Sabine Pass, La., around 8:30 p.m. local time Wednesday with the first cargo ever of U.S. LNG to the export market. The monitoring company said Brazilian state-run energy company Petrobras was the likely customer. Cheniere Energy Partners, which operates the Sabine Pass ... read more

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Feb 19

Transocean sees trouble ahead Spending cuts in energy exploration and production in the medium term is expected to create major headwinds, rig company Transocean said. ... more		Repsol sells British wind energy business After cutting investments by 20 percent, Spanish energy company Repsol said it was selling its entire British wind energy business to a Chinese counterpart. ... more		Spain's Repsol loses 1.2 bn euros in 2015 due to oil price plunge Spain's oil giant Repsol said Thursday it had lost 1.2 billion euros ($1.4 billion) last year after putting aside nearly three billion euros in special provisions for a plunge in crude prices. ... more
				Crude oil drifts lower on U.S. employment data Crude oil prices stumbled out of the gate in morning trading Thursday in New York as U.S employment figures fell, pulling pressure away from the demand side. ... more		Continental Resources calls for patience U.S. shale leader Continental Resources reported a net loss for the fourth quarter and said it would trim spending in an effort to return value to shareholders. ... more

Nation's largest methane release followed L.A. gas blowout Scientists have published a study illuminating the environmental impact of the 2015 Aliso Canyon natural gas well blowout. ... more		Oil-rich Alberta to linger in recession The provincial government of Alberta, Canada, said the pressure from lower crude oil prices meant it was facing a budget crisis not seen in roughly 25 years. ... 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		Oil prices resume slide into red territory Crude oil prices moved sharply lower in Wednesday trading after Saudi Arabia's oil minister said there was no chance for a production cut. ... more
				Maersk Oil builds footprint in Africa Danish energy company Maersk Oil said it was taking a stronger position in operations in emerging oil prospects in Kenya and Ethiopia. ... more		Shale player Encana cuts spending plans North American shale player Encana Corp. said it was revising its 2016 spending plan to strengthen its balance sheet with only minor impacts on production. ... 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. oil sent to Israeli refineries Dutch oil trader Trafigura confirmed it delivered a cargo of crude oil sourced from U.S. basins to Israeli refineries in an early start for U.S. oil deliveries. ... more		Chesapeake Energy to focus on divestments U.S. natural gas company Chesapeake Energy said it would focus on divestments as it trims its spending forecast for 2016 by more than 50 percent. ... 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		North Sea fading, industry body warns A British industry body said the North Sea energy sector is in for a long period of decline, with less than $1.4 billion in new spending expected in 2016. ... more
Remote predictions of fluid flow in fractures possible with new finding A team of researchers has created a way to quickly and remotely evaluate fluid flow in subsurface fractures that could impact aquifers, oil and gas extraction, sequestration of greenhouse gases or n ... more		Eastern Europe energy sector vulnerable, commissioner says Eastern Europe may be bearing the brunt of a bloc-wide energy policy that's lagging in erasing concerns about security of supply, a commissioner said. ... more		Oil searches for traction amid production row A rally in crude oil prices stalled out in early Tuesday trading as markets waited in anticipation of Saudi Arabia's gauge of the impact of a production freeze. ... more		Suncor wrapping up grab of Canadian Oil Sands Canadian energy company Suncor said that, with most of the shares of rival Canadian Oil Sands Ltd. in its control, the latter was on a path to delisting. ... more

	Peruvian health officials on alert after oil spills The Peruvian Ministry of Health said it had officials dispatched to the Amazon River basin to monitor remediation efforts following a series of oil spills. ... more		BHP Billiton cuts divided amid sector weakness Australian mining and energy giant BHP Billiton said it retooled its corporate team and adopted a new dividend policy in response to oil market weakness. ... 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

Three weekend tremors in shale-rich Oklahoma		Oil soars on expected fade in U.S. supply		EnQuest, Cairn strengthen North Sea hold		Iran opening energy doors for Europe		Eni cleared to develop Zohr gas basin in Egypt
Moody's: Gulf banks pressured by oil		Wood Group cuts North Sea contractor rates		Russia sees possibility for economic contraction		Payments continue for Kurdish oil exports		Rare win for Halliburton with North Sea agreement

U.S. to open more drilling sites in Gulf of Mexico

California methane leak stopped

Oil moves sharply lower on supply data

Woodside wades into West African basins

Russia open to possible oil output hike

Iran part of OMV revival strategy

Refugio Beach oil spill tied to pipeline corrosion

Oil rallies on Iran support for production freeze

Attacks halt Kurdish oil exports

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

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