Oil and Gas News

March 30, 2016

The Current Oil Price Rally Is Reaching Its Limits
London, UK (SPX) Mar 30, 2016
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. U.S. oil production has steadily lost ground over the past two quarters, with production falling more than a half million barrels per day since hitting a peak at nearly 9.7 million barrels per day (mb/d) in April 2015. American oil companies ... read more

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Mar 29

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Mar 23

Fracking linked to most induced earthquakes in Western Canada A survey of a major oil and natural gas-producing region in Western Canada suggests a link between hydraulic fracturing or "fracking" and induced earthquakes in the region, according to a new report ... more		Energy work ongoing in Atlantic, advocacy group says With seismic testing tied to the oil and gas sector continuing in the Atlantic, an advocacy group called on Washington to make good on clean-energy pledges. ... more		Oil economy of Texas shows mixed success Construction tied to the natural gas and renewable energy sectors helped add to contract values in Texas, a report from the Dallas Federal Reserve found. ... more
				Refinery maintenance pushing gas prices high Ongoing preparation for the processing of a summer blend of gasoline is behind the steady increase in retail gasoline prices, analysis finds. ... more		Oklahoma's governor defends earthquake response Oklahoma's governor defended the state response to the seismic activity attributed to oil and gas development against a federal report on the hazard. ... more

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

US lifted the crude oil export ban, and exports went down Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period the year before, when the ... more		BP delivers win to upstream sector Norwegian oil services company Aker Solutions said it secured a deal to help British energy company BP advance its global oil and natural gas portfolio. ... 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 dealt major blow as supply-side strains persist Concerns about U.S. monetary policy moves and ongoing supply-side strains sent crude oil prices plummeting in early trading Tuesday. ... more
				Russia's Rosneft to increase 2016 investments The head of Russian oil company Rosneft told the president that investments for the year will be 30 percent higher despite the pressure from low oil prices. ... more		Computer simulation discloses new effect of cavitation 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-attra ... 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

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		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		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		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

	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

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

Few bidders for Gulf of Mexico oil, gas sale		Oil prices fade to below $40 per barrel		Nepal agrees fuel deal with China to curb reliance on India		Rockefeller family lashes out at Exxon Mobil		Credit rating for Italy's Eni downgraded
ExxonMobil, Chevron told to allow investor climate votes		Emirati oil minister to attend April oil production meeting		Iran, Iraq explore non-oil economic ties		U.S. shale gas output increasing		U.S. oil states leading in wind power

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

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