Oil and Gas News

April 07, 2016

OMV makes drilling breakthrough in Barents Sea
Vienna (UPI) Apr 6, 2016
Austrian energy company OMV said it made a breakthrough for the industry with a novel drilling method in the northernmost oil field offshore Norway. Operating in the Wisting field in the Barents Sea, the northernmost oil discovery in Norwegian territory, the company said it completed the test of a shallow-reservoir drilling method. "The well started vertically and was successfully steered into a horizontal orientation within an 820-foot depth interval," the company explained. A pa ... read more

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Shale progress needs to continue, API says A rethink of current energy priorities and policies may be necessary to give further momentum to the U.S. shale oil and gas sector, an industry group said. ... more		Positive forces build for crude oil prices Factors ranging from a drop in U.S. crude oil inventories to an increase in China's service sector helped give crude oil prices reason to rally Wednesday. ... more		Islamic State's oil revenues 'slashed' by air strikes: French experts Air strikes targeting oil facilities controlled by the Islamic State group in Syria and Iraq have greatly eroded the jihadists' production capabilities and almost halted exports, French industry experts have told a parliamentary committee. ... more
				Baker Hughes, Halliburton merger under scrutiny Baker Hughes and Halliburton, two energy services companies looking to merge, each offered firm statements of "no comment" on Justice Department pressure. ... more		World Bank: Russia returns to growth next year Russia's economy will continue facing pressure from lower crude oil prices and sanctions, though growth returns by next year, the World Bank said Wednesday. ... more

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

Setback for Chevron in Australia A mechanical issue at one of the facilities cooling gas to liquid form at the Gorgon project in Australia forced the shutdown of operations, Chevron said. ... more		Shell sits out Norwegian licensing round Royal Dutch Shell said it was sitting on the sidelines of a Norwegian licensing round, citing tough market conditions and emerging portfolio commitments. ... more		No picnic: How to survive a bear encounter; as Japan battles spike in attacks COP30: Indigenous peoples vital to humanity's future India mega-zoo in spotlight again over animal acquisitions		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

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

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		Solein protein tech moves toward ISS zero-gravity pilot project Japan launches initiative for lunar construction technology ArkEdge Space validates global satellite messaging system for IoT coverage		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		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

	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

European Response to Escalating Space Security Crisis

BlackSky to deliver advanced Gen-3 tactical ISR capabilities to international customer

Geopolitical instability and AI drive transformation in EO market

North Dakota rig count dips below 30		New Zealand pulls notifications for 2011 oil leak		Russia's Lukoil reports weak net income		Crude oil prices start Monday on a down note		Gazprom focusing efforts on Eastern Europe
Outlook for Chinese energy companies lowered		Iraq PM calls for legal action over oil bribery scandal		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

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