Oil and Gas News

March 02, 2016

Sponge structure key to mopping up oil spills
London, UK (SPX) Mar 02, 2016
An interconnected structure, which water can easily flow through, is key to creating a highly effective mechanical sponge for clearing oil spills. These are the findings from scientists at the Istituto Italiano di Technologia (IIT), Italy, in their paper published, 2nd March 2016, in the Journal of Physics D: Applied Physics. The traditional method of clearing an oil spill, containing it with the use of booms and then 'sucking' the oil from the surface of the water, looks set to be replaced with p ... read more

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Statoil taps first well for early phase of Johan Sverdrup Norwegian energy company Statoil said Tuesday it started drilling the first well for the Johan Sverdrup field, one of the largest ever discovered. ... more		Kremlin mulling privatization options for oil Russian investment consultants are being asked about the possible terms of privatization of parts of the state-controlled oil sector, a minister said Tuesday. ... more		Commercial potential for British shale oil A British company tapping into inland shale oil basins said oil was flowing to the surface at a natural rate fast enough to yield obvious commercial potential. ... more
				British fracking surveys may address tremors The British Geological Survey said Tuesday it's uncovered data that could help address concerns about seismic activity associated with hydraulic fracturing. ... more		Iraq oil exports and revenue down in February Iraq's oil exports and revenue dipped in February compared with the previous month as low global crude prices offered Baghdad no financial respite, a statement said on Tuesday. ... more

Texas shows increase in oil production Texas crude oil production increased 5 percent in December even as markets moved closer to historic lows, state data for the month show. ... more		Oil surges on China stimulus, Saudi cooperation talk World oil prices surged higher Monday as China boosted efforts to tackle its slowing economy and Saudi Arabia welcomed cooperative action to stabilize the market. ... more		Solar-driven ionosphere charges may nudge stressed faults toward rupture Stable black carbon in mangrove soils boosts coastal climate role Low crystallinity iron minerals show promise for chromium cleanup and carbon storage		U.S. gas prices spiking The retail price for gasoline in the United States is moving higher at its fastest clip in four months as seasonal and market pressures mount, analysis finds. ... more
				California blowout led to largest US methane release ever 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 publis ... more		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

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

Military Network Modernization 2016 - Washington DC - April 25-27

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

North Dakota rig count holds steady With crude oil trying to stage a recovery, the rig count in North Dakota held steady despite a net decrease in the United States, state data for Monday show. ... more		Woodside names former Shell brass to board Australian energy company Woodside Petroleum said it named one of Shell's leaders in Arctic exploration as a non-executive member of its board. ... more		A Plan B for space? On the risks of concentrating national space power in private hands GMV to deliver new UK launch monitoring algorithms for NSpOC PLD Space lands 180m euro boost to advance global launch services		Oil prices up on Saudi market pledge A pledge Monday from Saudi Arabia to work with fellow producers to achieve market stability gave momentum to an emerging rally in crude oil prices. ... more
Genel takes charge on lower Kurdish oil estimate Lower crude oil prices and a downward revision in the recoverable reserve estimate in the Kurdish north of Iraq means a charge on the books, Genel Energy said. ... more		Gazprom production falters Though output was enough to satisfy export demands, Russian energy company Gazprom said its production for 2015 was less than the previous year. ... more		MEO Australia gets support for Cuban oil program MEO Australia Ltd. said it was able to raise more than $1 million to help finance its fledgling exploration program for oil near the coast of Cuba. ... more		Oil rebounds on China stimulus move World oil prices rebounded Monday after China's latest stimulus move boosted hopes of strengthening demand in the key energy consumer. ... 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

Sidekick autonomy software guides YFQ-42A test mission for CCA program

Infleqtion lists shares on NYSE as neutral atom quantum firm

Top Chinese gaming companies continue to challenge

Oil prices posting heavy gains		Oil spill emergency in Peruvian native communities		Opposition building against Atlantic drilling		BP laying groundwork offshore Egypt		BASF sees further challenges from China, oil price this year
Halliburton cuts staff on market weakness		Italy's Eni lowers oil forecast		Crude oil drifts lower on U.S. employment data		Continental Resources calls for patience		Nation's largest methane release followed L.A. gas blowout

Oil-rich Alberta to linger in recession

First U.S. LNG cargo sets sail

Transocean sees trouble ahead

Repsol sells British wind energy business

Spain's Repsol loses 1.2 bn euros in 2015 due to oil price plunge

One-step process to convert CO2 and water into liquid hydrocarbon fuel

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

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