Oil and Gas News

March 24, 2016

Woodside halts Australian LNG project
Perth, Australia (UPI) Mar 23, 2016
Australian energy company Woodside said it was putting a hold on the development of its Browse liquefied natural gas project because of market conditions. Woodside said that, even with front-end engineering and design work completed, weak economic and market conditions meant it was necessary to put a hold on the $50 billion facility. "We have undertaken a comprehensive and rigorous process to assess all elements of the development," Woodside CEO Peter Coleman said in a statement. "The de ... read more

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U.S. shale gas output increasing U.S. natural gas production is on the rise, with some reserve areas in the country's Northeast getting more output from fewer wells, an industry report found. ... more		U.S. oil states leading in wind power Some of the top oil-producing states in the nation are behind a rise in new electricity generated from wind, the U.S. Energy Information Administration reports. ... more		Canada retools budget to address oil shocks A budget for a Canadian economy under pressure from lower crude oil prices aims to return a sense of optimism for future generations, the finance minister said. ... more
				Oil falters as widespread strains halt momentum Doubts over the impact of a proposal to freeze oil production levels, supply-side pressures and lingering security concerns dealt oil prices a blow Wednesday. ... more		Emirati rig company Lamprell expecting weakness Emirati oil rig construction company Lamprell said it was holding up well against the market downturn, but expects full-year 2016 revenue to show a decline. ... more

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

Russia pulls 10 millionth barrel of oil from Arctic north Russian oil company Gazprom Neft said it reached a milestone with production at its Arctic Prirazlomnoye field with its 10 millionth barrel of oil. ... more		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		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		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

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

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

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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		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		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		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
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		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

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Saudi Arabia and Pakistan sign mutual defense pact

Lundin Petroleum secures line of credit		Chevron makes LNG debut for Gorgon project		Finland gets backing for LNG development		DNO optimistic about future in Iraq		Algeria gas plant hit by rocket attack
U.S. gasoline demand spiked in February		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

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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

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