Oil and Gas News

April 06, 2016

Shell sits out Norwegian licensing round
The Hague, Netherlands (UPI) Apr 5, 2016
Royal Dutch Shell said it was sitting on the sidelines of a Norwegian licensing round, citing tough market conditions and emerging portfolio commitments. "This was a tough decision reflecting both the challenging current external economic conditions and our continued focus on optimizing our portfolio choices including those afforded by our recent acquisition of BG Group," the Dutch supermajor said in an emailed statement. Shell last month started production from the third and final phase ... read more

Previous Issues

Apr 05

Apr 04

Apr 03

Apr 01

Mar 31

Oil prices lower on IMF's 'not-so-good news' Crude oil prices moved lower for a second straight day as the International Monetary Fund gauged the prospects of "mediocre" economy momentum. ... more		U.S., Israeli seek expanded energy ties The Israeli government is certain the broad-based energy relationship with the United States will continue, the nation's energy minister said from Washington, D.C. ... more		Wild ride before summer cool off at the gas pump U.S. consumers may be in for seasonal volatility in retail gasoline prices as crude oil market dynamics contrast with refinery-side pressures, analysts said. ... more
				TransCanada examining potential Keystone leak Pipeline company TransCanada said it closed its Keystone pipeline while it examines what it said may be a small leak from a pump station in South Dakota. ... more		Colorado making mixed energy strides A Colorado energy lobbying group praised legislation it says protects the oil and gas sector, though mid-term plans may be moving toward renewables. ... more

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

US court approves $20 bn BP oil spill settlement A US judge has signed off on the British oil giant BP's deal to pay over $20 billion to settle litigation from the deadly 2010 Gulf of Mexico oil spill. ... more		Oil spill tests on ice prove Arctic quests risky 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. ... 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		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
				Rethinking induced seismicity A survey of a major oil and natural gas-producing region in Western Canada suggests there may be a link between induced earthquakes and hydraulic fracturing, not just wastewater injection, according ... more		Maersk may shutter North Sea gas fields Danish company Maersk Oil said it was looking for a viable long-term economic model for its Tyra gas complex in the North Sea otherwise it will shut it down. ... 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

Schlumberger, Cameron tie knot Joining forces gives both companies an edge in drilling and production systems, oil field services company Schlumberger said after acquiring a rival. ... more		Wood Group lands contract extension for North Sea British oil services company Wood Group said it was given a contract extension by a Middle East company to continue operations in the North Sea. ... 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		North Dakota rig count dips below 30 After several weeks of showing stability, the number of rigs deployed in North Dakota dipped below 30 for the first time in years, state data show. ... more
New Zealand pulls notifications for 2011 oil leak A maritime regulator in New Zealand said it pulled two hazardous notifications related to the 2011 wreck of a cargo vessel, which caused oil to spill offshore. ... more		Russia's Lukoil reports weak net income Russian oil producer Lukoil said Monday its full-year 2015 profit was down more than 20 percent from the previous year, though total output increased. ... more		Crude oil prices start Monday on a down note Crude oil prices drifted marginally lower in early Monday trading after Iran said it was preparing to put more of its petroleum products on the global market. ... 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

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

Australian company Santos charting new path		Austrian energy company OMV moving closer to Russia		Oil prices back to square one		Maersk Oil to close Houston office		Azerbaijan: U.S. support for gas networks vital
Shell target of Nigerian corruption probe		Report: Libya's oil-based economy ripe for corruption		Statoil steaming ahead with Johan Sverdrup		Hercules Offshore: Few bright spots ahead		Rosneft boosts profits, cuts debt

Oil prices mixed on dual market strains

The Current Oil Price Rally Is Reaching Its Limits

Fracking linked to most induced earthquakes in Western Canada

Gazprom weighing its European options

Exxon defends climate record

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

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