Oil and Gas News

February 29, 2016

California blowout led to largest US methane release ever
Davis CA (SPX) Feb 29, 2016
The Aliso Canyon natural gas well blowout released over 100,000 tons of the powerful greenhouse gas methane before the well was sealed on Feb. 11, according to the first study of the accident published in the journal Science. The results confirm that Aliso Canyon is the largest methane leak in U.S. history. The research effort by the University of California, Davis; National Oceanic and Atmospheric Administration and partners showed that during the peak of the Aliso Canyon event, enough methane po ... read more

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Weil revives helium industry in Saskatchewan Weil Group Resources is constructing a new $10 million helium processing facility in Saskatchewan, Canada to supply refined, industrial-grade helium to markets throughout North America. The plant wa ... more		Potential for Texas LNG export facility building Australian gas leader Woodside said it was wading into the growing liquefied natural gas sector in the United States with an agreement to tap Texas port developments. ... more		Oil hopes fade offshore Congo Central African oil player SOCO International said it came up empty-handed while drilling in the waters off the coast of the Republic of Congo. ... more
				Oil prices posting heavy gains Crude oil prices skyrocketed in early Friday trading following an upward revision in U.S. economic growth, fueling momentum sparked by production talks. ... more		Oil spill emergency in Peruvian native communities Peru's government declared a state of emergency in 16 Amazon rainforest communities Sunday due to oil spills in the northeastern Loreto region. ... more

Opposition building against Atlantic drilling Opposition to a lease plan for the U.S. waters of the Atlantic grew after Virginia said it wanted to be left out of any future drilling plans. ... more		BP laying groundwork offshore Egypt Danish engineering company Subsea 7 said it was awarded a contract to help BP develop three gas fields, including laying export lines, off the coast of Egypt. ... 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		BASF sees further challenges from China, oil price this year BASF, the world's biggest chemicals company, said Friday that slowing growth in China and falling oil prices will remain its biggest challenges this year after they weighed on business in 2015. ... more
				Halliburton cuts staff on market weakness An 8 percent cut in headcounts at Halliburton is a result of a weak energy sector and not an adjustment ahead of the Baker Hughes merger, a spokeswoman said. ... more		Italy's Eni lowers oil forecast Italian energy company Eni said Friday it recorded a loss in the fourth quarter and was lowering its outlook for crude oil prices in its plans for the year. ... 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

First U.S. LNG cargo sets sail 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. ... more		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		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		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		One-step process to convert CO2 and water into liquid hydrocarbon fuel 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 ... 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

Oil prices resume slide into red territory		Maersk Oil builds footprint in Africa		Shale player Encana cuts spending plans		U.S. oil sent to Israeli refineries		Chesapeake Energy to focus on divestments
North Sea fading, industry body warns		Remote predictions of fluid flow in fractures possible with new finding		Eastern Europe energy sector vulnerable, commissioner says		Oil searches for traction amid production row		Suncor wrapping up grab of Canadian Oil Sands

Peruvian health officials on alert after oil spills

BHP Billiton cuts divided amid sector weakness

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

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