Oil and Gas News

March 17, 2016

White House explains Atlantic drilling move
Washington (UPI) Mar 16, 2016
Military interests and concerns from coastal communities were factors influencing a decision on drilling in the Atlantic Ocean, a White House spokesman said. The Interior Department revised a lease plan through 2022 to include 10 potential sales in the Gulf of Mexico and three for offshore Alaska. Initial considerations for lease sales in the Atlantic were removed because of "current market dynamics, strong local opposition and conflicts with competing commercial and military ocean uses," the d ... read more

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Statoil and Forum Equity to expand operations to global renewable markets United Wind has announced that it has closed an $8M Series B financing led by Statoil Energy Ventures and Forum Equity Partners. This financing enables United Wind to offer its unique, industry-lead ... more		Pitching gas against coal Using natural gas instead of coal or oil in electricity generation could have a significant effect on net carbon emissions into the atmosphere. By contrast, the benefits of using natural gas instead ... more		How to get a handle on potential risks posed by fracking fluids The latest skirmishes over hydraulic fracturing in Florida and California are, at their core, about water. Many fracking-related spills have been recorded, and opponents say that such incidents pose ... more
				Oil prices higher on growing interest in production cut Growing support for a coordinated production agreement to stabilize energy markets lifted crude oil prices Wednesday after two straight days of decline. ... more		Kenya yields oil for Tullow Africa-focused energy company Tullow Oil said it made its most significant find yet in a northern Kenyan reserve area not previously known to hold oil. ... more

Libyan oil output has yet to recover A survey of oil production from Libya shows the country remains far below its peak capacity levels posted more than five years ago, before the Arab Spring. ... more		Almost half of new U.S. oil from fracking Nearly half of the oil produced in the United States came as a result of hydraulic fracturing last year, the U.S. Department of Energy said. ... 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 drifts further away from $40 per barrel Demand uncertainties and continued speculation over production levels pushed crude oil prices into negative territory for the second straight day Tuesday. ... more
				Atlantic to be free from drilling With Washington poised to pull the Atlantic Ocean off the oil and gas drilling list, environmentalists declared victory after their hard preservation efforts. ... more		Retail gas prices moving sharply higher A spike in oil prices, coupled with seasonal events at U.S. refineries, means gas prices should increase for consumers, but savings remain, analysis finds. ... more

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

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

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

IMF sees oil price risk for Algeria The International Monetary Fund warned Algeria's government that deep structural reforms are necessary to buffer against pressure from low oil prices. ... more		Russian oil producer gains foothold in Kurdish Iraq Russian oil producer Gazprom Neft said it was taking a stronger hold over reserves in the Kurdish north of Iraq by assuming control of the area's Sarqala field. ... 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		Cairn Energy buoyed by reserves offshore Senegal Scotland-based oil explorer Cairn Energy said Tuesday its reserve estimate was up modestly because of developments off the coast of Senegal. ... more
Russia's Novatek inks 1.09 bn euro Yamal stake sale with China fund Russia's Novatek finalised Tuesday a 1.09-billion-euro ($1.2-billion) deal to sell China's Silk Road Fund a 9.9 percent stake in an Arctic natural gas project whose development has been complicated by Western sanctions against Moscow. ... more		Electricity, heating most climate-friendly uses for natural gas Rice University researchers have determined a more effective way to use natural gas to reduce climate-warming emissions would be in the replacement of existing coal-fired power plants and fuel-oil f ... more		OPEC output falls despite Iran return more crude OPEC said on Monday its oil production fell in February despite member Iran steadily increasing its output after international sanctions were lifted in January following a landmark nuclear deal. ... more		Oil off on Iran's reluctance to stem production Caveats to a proposed freeze in oil production from Iran pushed crude oil prices sharply lower, moving Brent to below $40 per barrel after last week's rally. ... more

	Eni makes Barents Sea breakthrough Italian energy company Eni said Monday its start to oil production in the Goliat field is the first in the Norwegian waters of the Barents Sea. ... more		Shell starts production offshore Brazil Royal Dutch Shell said Monday it started production from the third and final phase of operations in the deep waters off the coast of oil-rich Brazil. ... 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

Four tremors recorded in Oklahoma since Sunday		North Dakota rig count continues to sink		Iran welcoming to U.S. energy companies		Crude price gains capped by China		Cathay Pacific net profit soars thanks to dive in oil prices
Chevron starts mega-LNG project in Australia		Oklahoma ramps up earthquake response plans		Transocean delays rig work		Oil prices drop on weak China data, high supplies		Shell settles debt with Iran

S.Africa to start shale gas exploration

North Dakota losing more rigs

Oil prices up on Chinese optimism

U.S. rig count drops 18 percent

Clinton, Sanders both say they're wary of fracking

Iranian oil headed to Europe

Nigeria breaks up state oil company

S.Sudan oil production pollution threatens thousands: monitors

Build contracts awarded for European gas pipeline

Greenpeace: Russia has no appetite to control oil spills

Gazprom gets loan from Bank of China

Class-action suit filed against Chesapeake, SandRidge

Oil edges up on production meetings in Moscow

Board supervisor at OMV steps down

Oil weakness catching up with Texas

Woes emerge after Aliso Canyon gas leak stopped

Eni expands capacity in Iraqi oil

Deloitte brass to help lead Hess

Iraqi-focused Genel feeling market strains

Oil drifts lower again on inventory data

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