Oil and Gas News

March 29, 2016

Computer simulation discloses new effect of cavitation
Karlsruher, Germany (SPX) Mar 29, 2016
Researchers have discovered a so far unknown formation mechanism of cavitation bubbles by means of a model calculation. In the Science Advances journal, they describe how oil-repellent and oil-attracting surfaces influence a passing oil flow. Depending on the viscosity of the oil, a steam bubble forms in the transition area. This so-called cavitation may damage material of e.g. ship propellers or pumps. However, it may also have a positive effect, as it may keep components at a certain distance and, thu ... read more

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Get house in order, World Bank tells Iraq Faced with threats from terrorism and low oil prices, the world community is ready to help, but Iraqis make take initiatives, the U.N. secretary-general said. ... more		North Dakota rig activity stabilizing The number of rigs engaged in exploration and production activity in North Dakota held steady for the third consecutive week, state data show. ... more		Court deals blow to Israeli offshore gas deals The head of one of the companies leading the offshore gas sector in Israel expressed disappointment with a court ruling against a deal with the government. ... more
				Seven million Americans threatened by human-induced quakes Around seven million people in the United States live in areas at risk of damaging, human-induced earthquakes that are often linked to fracking, a report out Monday said. ... more		Analysts critique Trump's stance on oil Cutting oil imports from Saudi Arabia would likely cause a temporary spike in U.S. gasoline prices, but harm bilateral ties long-term, market analysts said. ... more

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

Oil prices slightly lower on supply-side strains Crude oil prices traded slightly lower early Monday as supply strains built up against expectations of some form of cut from major producers next month. ... more		Russia sees Jordanian interest in LNG Russian state media reports Monday that gas company Gazprom received word from the government of Jordan it was interested in buying liquefied natural gas. ... 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		China wades deeper into Australian gas market Australian energy company Santos said it welcomed a proposed Chinese acquisition of a share in its business, noting the strong regional interest in gas. ... more
				Oil giant PetroChina pumps lowest profit since 1999 Chinese oil giant PetroChina has posted its lowest profit since 1999 with the company citing a struggling global economy and slump in international oil prices last year. ... more		Few bidders for Gulf of Mexico oil, gas sale A lack of interest in new oil and gas acreage for sale in the U.S. waters of the Gulf of Mexico may be indicative of a weak energy market, the government said. ... 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

Oil prices fade to below $40 per barrel A build in U.S. crude oil inventories, coupled with a short-term rise in unemployment, added to negative pressure building on oil prices in Thursday trading. ... more		Nepal agrees fuel deal with China to curb reliance on India Nepal has secured a deal for China to supply it with fuel, as the energy-starved Himalayan nation seeks to deepen ties with Beijing and reduce its reliance on India. ... 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		Rockefeller family lashes out at Exxon Mobil The philanthropic arm of the Rockefeller family said the "morally reprehensible conduct" of Exxon Mobil was in part behind a decision to divest from fossil fuels. ... more
Credit rating for Italy's Eni downgraded Ratings agency Standard & Poor's said it lowered the credit rating for Italian energy company Eni by one notch because of the impact of low oil prices. ... more		ExxonMobil, Chevron told to allow investor climate votes US regulators have told ExxonMobil and Chevron to permit shareholders to vote on resolutions requiring assessments of how climate change policies might affect them, according to documents released Thursday. ... more		Emirati oil minister to attend April oil production meeting The energy minister from the United Arab Emirates said Thursday his country would participate in an April meeting in Doha to consider oil production levels. ... more		Iran, Iraq explore non-oil economic ties The Iranian government aims to boost its non-oil trade relationship with neighboring Iraq, a visiting delegate said during a trade visit to Baghdad. ... more

	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

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

Canada retools budget to address oil shocks		Oil falters as widespread strains halt momentum		Emirati rig company Lamprell expecting weakness		Woodside halts Australian LNG project		Russia pulls 10 millionth barrel of oil from Arctic north
Suncor completes acquisition of Canadian Oil Sands		Schlumberger calls for industry rethinking		Oil prices fall after attacks on Brussels		U.S. gas prices move toward seasonal high		Oklahoma mourns passing of oil man

Oil trader Vitol 'extremely cautious' about market

Hydrocarbon storage, fracking and lightning risk

Oil and natural gas boom causes methane emissions to increase

OMV shores up position offshore Abu Dhabi

Oil moves higher on Chinese sentiment

Norway's economy down on lower oil prices

North Dakota rig count remains steady

New Zealand offering more oil, gas acreage

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

Statoil and Forum Equity to expand operations to global renewable markets

Oil sticking above $40 per barrel

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