Oil and Gas News

April 04, 2016

Oil spill tests on ice prove Arctic quests risky
Tornio, Finland (AFP) April 3, 2016
The skimmer is lowered from the rear of the icebreaker, its weight pushing massive pieces of ice under the water and forcing the spilt oil up to the surface, where the sticky black goo can be sucked up. Luckily, this is just a test: as the world's superpowers eye the lucrative Arctic region with growing interest, unprecedented oil spill clean-up tests in icy Finnish conditions reveal just how hazardous and challenging an accident in the Arctic's pristine sea ice could be. Emergency crews could f ... read more

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Apr 03

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Mar 29

Iran oil exports surpass 2 million barrels per day: minister Iran's oil exports have surpassed 2 million barrels per day following the lifting of sanctions under its nuclear deal with world powers, Oil Minister Bijan Zanganeh said on Sunday. ... more		Gazprom focusing efforts on Eastern Europe Russian energy company Gazprom said it was working to meet the full gas demands for South Ossetia, a republic near the center of rows over European power. ... more		Outlook for Chinese energy companies lowered Chinese oil and gas companies are among the government-related entities facing credit pressures over the next two years, Standard & Poor's said Friday. ... more
				Iraq PM calls for legal action over oil bribery scandal Iraqi Prime Minister Haider al-Abadi called Saturday for legal action over allegations that senior officials took millions of dollars in bribes to help major firms secure lucrative oil sector contracts. ... more		Australian company Santos charting new path Australian energy company Santos said Friday it drafted a new team of executives tasked with setting up an operating model to navigate the low oil price era. ... more

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

Austrian energy company OMV moving closer to Russia Austrian energy company OMV said Friday it was building stronger ties with its Russian partners, noting markets were conducive to tight cooperation. ... more		Oil prices back to square one Oil prices took one of their biggest hits of the year Friday as pressure from Riyadh's response to a production freeze was doubled by weak U.S. labor figures. ... 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		Maersk Oil to close Houston office Danish oil company Maersk said it would manage its U.S. assets in the Gulf of Mexico from Copenhagen as it moves to shut down its offices in Houston. ... more
				Azerbaijan: U.S. support for gas networks vital A natural gas artery aimed at transferring Azeri natural gas to Europe wouldn't have advanced without strong U.S. support, Azerbaijan's president said. ... more		Shell target of Nigerian corruption probe Transparency advocates said Royal Dutch Shell and its partners in Nigeria may have exposed shareholders to a high level of risk in a corrupt system. ... 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

Report: Libya's oil-based economy ripe for corruption Though the fundamentals of the oil-based economy remain weak, the United Nations and Western leaders expressed support for prosperity in Libya. ... more		Statoil steaming ahead with Johan Sverdrup Norwegian energy company Statoil said Thursday construction on parts of the drilling infrastructure necessary to tap into the giant Johan Sverdrup are underway. ... 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		Hercules Offshore: Few bright spots ahead Prospects for drilling services for oil and gas won't improve without a recovery in crude oil prices, the head of U.S. rig company Hercules Offshore said. ... more
Rosneft boosts profits, cuts debt Russian oil company Rosneft said Thursday its gain in 2015 net profits and the decline in debt meant it was performing well against a weak market backdrop. ... more		Oil prices mixed on dual market strains Movement in oil prices in early Thursday trading was influenced positively by bank forecasts, but dampened by supply-side strains brought on in part by Iran. ... more		The Current Oil Price Rally Is Reaching Its Limits 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 prosp ... more		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

	Gazprom weighing its European options Paris hosted a delegation of Russian energy officials to review French natural gas needs and prospects for pipeline development, Gazprom said. ... more		Exxon defends climate record Charges that Exxon Mobil misled the public about the potential industry impacts on the environment are tainted by political motivations, the company 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

Eni seizes Moroccan opportunity		Pakistani energy woes impeding growth		U.S. stands ready to help diversify Nigeria's economy		Oil prices recover on U.S. economy, inventory data		China oil giant Sinopec posts 30% dive in net profit
Energy work ongoing in Atlantic, advocacy group says		Oil economy of Texas shows mixed success		Refinery maintenance pushing gas prices high		Oklahoma's governor defends earthquake response		US lifted the crude oil export ban, and exports went down

BP delivers win to upstream sector

Oil dealt major blow as supply-side strains persist

Russia's Rosneft to increase 2016 investments

Computer simulation discloses new effect of cavitation

Get house in order, World Bank tells Iraq

North Dakota rig activity stabilizing

Court deals blow to Israeli offshore gas deals

Seven million Americans threatened by human-induced quakes

Analysts critique Trump's stance on oil

Oil prices slightly lower on supply-side strains

Russia sees Jordanian interest in LNG

China wades deeper into Australian gas market

Oil giant PetroChina pumps lowest profit since 1999

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

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