Oil and Gas News

March 23, 2016

Russia pulls 10 millionth barrel of oil from Arctic north
Moscow (UPI) Mar 22, 2016
Russian oil company Gazprom Neft said it reached a milestone with production at its Arctic Prirazlomnoye field with its 10 millionth barrel of oil. "The 10-millionth barrel of oil is a major landmark, proving that oil production on the Arctic Shelf can be both safe and viable," Gennady Lubin, the company's executive director for operations on the Russian continental shelf, said in a statement. Advocacy groups like Greenpeace have been critical about oil operations in the extreme climates ... read more

Previous Issues

Mar 22

Mar 21

Mar 18

Mar 17

Mar 16

Suncor completes acquisition of Canadian Oil Sands Canadian companies Suncor and Canadian Oil Sands Ltd. announced their merger was completed under the terms of a hostile offer launched last year. ... more		Schlumberger calls for industry rethinking The head of Schlumberger, one of the largest oil and gas services companies in the world, said from New Orleans the industry is in need of a strategic makeover. ... more		Oil prices fall after attacks on Brussels Economic growth concerns added to pressure from attacks on the European capital to push crude oil prices into negative territory in early Tuesday trading. ... more
				U.S. gas prices move toward seasonal high U.S. refinery issues and recovery for oil prices means retail gasoline prices are closing in on their highest levels since December, market analysis finds. ... more		Oklahoma mourns passing of oil man Oklahoma's governor expressed condolences after the passing of Lew Ward, an oil pioneer she said helped vault the state to a lead production position. ... more

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

Oil trader Vitol 'extremely cautious' about market Given the trajectory in the crude oil market, oil trader Vitol said Tuesday it was taking an "extremely cautious" approaching moving forward. ... more		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		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 and natural gas boom causes methane emissions to increase 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 ca ... more
				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

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

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

Directed Energy And Next Generation Munitions - 20-22 June - Washington DC

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		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		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
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		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

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

Crude oil gains, sets 2016 record		Statoil gas facility in Algeria hit by explosive		TransCanada grabs North American gas portfolio		Transocean frets over market conditions		Statoil and Forum Equity to expand operations to global renewable markets
Oil sticking above $40 per barrel		Gulf Keystone Petroleum mulls rocky road		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

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