Oil and Gas News

March 21, 2016

Hydrocarbon storage, fracking and lightning risk
London, UK (SPX) Mar 21, 2016
Fires caused by lightning strikes on hydrocarbon storage plants are a century-old, yet to be addressed, problem, according to research published in the International Journal of Forensic Engineering. In the era of hydraulic fracturing, or fracking, this is becoming an even more poignant issue for the fossil fuel industry. Sterling Rooke of X8 Inc in Crofton, Maryland, and Miroslaw Skibniewski of the Department of Civil and Environmental Engineering, at the University of Maryland, USA, explain that ... read more

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Finland gets backing for LNG development The European Commission said Friday it supported Finland's strategy to invest in a small-scale liquefied natural gas terminal as an energy security option. ... more		DNO optimistic about future in Iraq Iraqi-focused energy company DNO said its full-year 2015 revenues were down sharply, though its reserve estimate from the region was up 20 percent. ... more		Algeria gas plant hit by rocket attack Suspected jihadists launched a rocket attack Friday on an Algerian gas plant jointly run by foreign companies, three years after a deadly hostage crisis at another facility in the Sahara desert. ... more
				U.S. gasoline demand spiked in February Lower energy prices, including for retail gasoline, translated to a rise in U.S. consumer demand in February, the American Petroleum Institute said. ... more		Crude oil gains, sets 2016 record Support for an April meeting on Doha to steady production levels gave crude oil prices a major boost Friday, though economic concerns continue to be a factor. ... more

Transition from Operations to Decommissioning by Preparing a Safe, Cost-Effective Shut Down and Waste Management Strategy

Statoil gas facility in Algeria hit by explosive Norwegian energy company Statoil said it was dispatching an emergency response team to Algeria following an explosion at one of its gas assets in the country. ... more		TransCanada grabs North American gas portfolio Pipeline company TransCanada said the $10.2 billion acquisition of a regional rival could make it the largest natural gas transmitter in North America. ... 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		Transocean frets over market conditions Rig company Transocean in a letter to shareholders said it was working to maintain its sector position in what's expected to be a challenging market in 2016. ... more
				White House explains Atlantic drilling move Military interests and concerns from coastal communities were factors influencing a decision on drilling in the Atlantic Ocean, a White House spokesman said. ... more		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

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Oil sticking above $40 per barrel Shimmers of economic optimism from the United States and growing support for production caps gave crude oil prices a lift above $40 per barrel Thursday. ... more		Gulf Keystone Petroleum mulls rocky road Under pressure from low oil prices, Kurdish-focused explorer Gulf Keystone Petroleum said it may start to see its reserve base decline without more spending. ... 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		Canada sees new potential for shale gas A federal and provincial study finds a shale natural gas basin in the northwest region of Canada is one of the largest known reserves in the world. ... more
Lower oil prices lead to higher CO2 emissions If the price of oil decreases, carbon dioxide emissions increase. This is what two Spanish scientists claim after comparing the relationship between air pollution and economic development by using t ... more		Shell, Saudi Aramco split assets The state-controlled Saudi Arabian Oil Co. is taking over assets from a partnership formed 18 years ago, including a Texas refinery, Royal Dutch Shell said. ... more		No more Gulf drilling, advocates say As the Obama administration pulls the Atlantic Ocean off a drilling list, activist backers on the southern U.S. coast said they're wary of Gulf of Mexico plans. ... more		Gazprom Neft expects more oil from Arctic Russian oil company Gazprom Neft said it revised a production schedule to dramatically boost output from a field in the Arctic north of the country. ... 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		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

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

Atlantic to be free from drilling		Retail gas prices moving sharply higher		IMF sees oil price risk for Algeria		Russian oil producer gains foothold in Kurdish Iraq		Cairn Energy buoyed by reserves offshore Senegal
Russia's Novatek inks 1.09 bn euro Yamal stake sale with China fund		Electricity, heating most climate-friendly uses for natural gas		Pitching gas against coal		How to get a handle on potential risks posed by fracking fluids		Oil prices higher on growing interest in production cut

Kenya yields oil for Tullow

Libyan oil output has yet to recover

OPEC output falls despite Iran return more crude

Oil off on Iran's reluctance to stem production

Eni makes Barents Sea breakthrough

Shell starts production offshore Brazil

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

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