Oil and Gas News

April 08, 2016

March rig count down 12 percent
Houston (UPI) Apr 7, 2016
The total number of rigs actively exploring for or producing oil or natural gas worldwide declined 12 percent from February levels, Baker Hughes said Thursday. Rig counts serve as a barometer for the health of the oil and gas sector, which has struggled as companies spend less on exploration and production because of lower crude oil prices. Baker Hughes said in its March productivity report the total number of rigs deployed worldwide declined 210 from February to 1551. Year-on-year, the ... read more

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Apr 07

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Apr 01

EU objecting to new Russian gas capacity Adding on to the Nord Stream natural gas pipeline running from Russia to European shores would impact the regional market significantly, an EU official said. ... more		Baker Hughes, Halliburton say U.S. conclusion wrong With U.S. government pressure on the merger confirmed, oilfield services companies Baker Hughes and Halliburton said complaints were counterproductive. ... more		Hercules Offshore gets Saudi contract extension A state-run oil company in Saudi Arabia extended the terms of a rig contract through June at the previously agreed day rate, rig company Hercules Offshore said. ... more
				Struggling Maersk starts work for North Sea field Danish energy company Maersk Oil, which has struggled during the market downturn, said it started work on a platform slated for a mega North Sea project. ... more		Oil prices falter on OECD slowdown Reports of a minor slowdown in major economies pushed crude oil prices lower Thursday, one day after supply-side indications sparked a major rally. ... more

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

Wintershall expects rough year German oil and gas company Wintershall said Thursday it was expecting a steep decline in sales this year as crude oil prices linger at around $40 per barrel. ... more		OMV makes drilling breakthrough in Barents Sea Austrian energy company OMV said it made a breakthrough for the industry with a novel drilling method in the northernmost oil field offshore Norway. ... more		New U.S.-European Sea Level Satellite Will Help Safeguard Ships at Sea Planet captures first light from Pelican-3 satellite as constellation expands Trump signs memorandum to deploy U.S. National Guard troops to Memphis		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

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

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		Beijing company sets new thrust record in rocket engine test China deploys Yaogan 45 satellite on Long March 7A rocket The 10-Point Seasonal HVAC Checklist Every Homeowner Should Follow (and Why Each Item Matters)		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		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

North Korea declares nuclear statehood 'permanently enshrined'

ArianeGroup to develop next-generation M51.4 missile for French nuclear deterrent

Comtech modem earns first sovereign certification for SES O3b mPOWER network

US court approves $20 bn BP oil spill settlement		Oil spill tests on ice prove Arctic quests risky		Iran oil exports surpass 2 million barrels per day: minister		Rethinking induced seismicity		Maersk may shutter North Sea gas fields
Schlumberger, Cameron tie knot		Wood Group lands contract extension for North Sea		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

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