Oil and Gas News

March 22, 2016

Oil and natural gas boom causes methane emissions to increase
Karlsruher, Germany (SPX) Mar 22, 2016
Like carbon dioxide, methane is one of the most important greenhouse gases. After a period of stagnation around 2000, atmospheric methane concentrations started to rise again in 2007. So far, the causes have been unknown. According to the recent study of climate scientists of Karlsruhe Institute of Technology (KIT), at least 40% of this increase result from the growing production of oil and natural gas in the northern hemisphere. The results are now published in the "Atmospheric Chemistry and Physics" j ... read more

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OMV shores up position offshore Abu Dhabi Austrian energy company OMV said it was teaming up with partners in Abu Dhabi, United Arab Emirates, and the United States to explore oil and gas fields in Middle East waters. ... more		Oil moves higher on Chinese sentiment Positive sentiments about Chinese economic policy from the International Monetary Fund helped lift crude oil prices in early Monday trading. ... more		Norway's economy down on lower oil prices The low price of crude oil means Norway's economy is the weakest it's been since the global recession, though the situation is not critical, the government said. ... more
				North Dakota rig count remains steady As crude oil prices hold relatively stable, North Dakota, the No. 2 oil producer in the nation, saw its rig count hold steady from last week, state data show. ... more		New Zealand offering more oil, gas acreage Though oil and gas remains a vital component of the New Zealand economy, the country's energy minister said development won't come recklessly. ... more

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

Lundin Petroleum secures line of credit Swedish energy company Lundin Petroleum said it secured a line of credit to ensure smooth operations during an era of lower crude oil prices. ... more		Chevron makes LNG debut for Gorgon project U.S. energy company Chevron said it was now generating revenue from its Gorgon liquefied natural gas project in Australia with the delivery of its first cargo. ... more		Albania's waste-choked rivers worsen deadly floods Is China a threat to Greenland as Trump argues? Disaster losses drop in 2025, picture still 'alarming': Munich Re		Hydrocarbon storage, fracking and lightning risk 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. ... more
				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

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

The World's Largest Commercial Drone Conference and Expo - Sept 7-9 - Las Vegas

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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		Berkeley Scientists set to home in on 100 signals from Seti at Home Firefly prepares Alpha Block II upgrade for Flight 8 Indian rocket hits snag during launch		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
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		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		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

	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

Danish PM says Greenland showdown at 'decisive moment' after new Trump threats

Russia claims Oreshnik missile hit Ukrainian aviation plant

Russia strikes power plant, kills four in Ukraine barrage

Canada sees new potential for shale gas		Lower oil prices lead to higher CO2 emissions		Shell, Saudi Aramco split assets		No more Gulf drilling, advocates say		Gazprom Neft expects more oil from Arctic
Almost half of new U.S. oil from fracking		Oil drifts further away from $40 per barrel		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

White House explains Atlantic drilling move

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

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