Oil and Gas News

April 13, 2016

Australia's Woodside calls for new industry thinking
Perth, Australia (UPI) Apr 12, 2016
The head of one of the largest players in the Australian liquefied natural gas business said the industry as a whole needs to adapt to a new market environment. Woodside Petroleum, the country's largest independent oil and gas company, in February warned that, with crude oil prices down roughly 40 percent for 2015, its financial position was under threat. Net income of around $26 million last year was down roughly 90 percent from the $2.4 billion recorded in 2014. Crude oil prices are un ... read more

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Oil and gas wastewater disposal may harm West Virginia waterways Unconventional oil and gas (UOG) operations combine directional drilling and hydraulic fracturing, or "fracking," to release natural gas and oil from underground rock. Recent studies have centered o ... more		Fitch downgrades Saudi Arabia's rating one notch Assumptions about the mid-term trajectory for crude oil prices means the economy of Saudi Arabia may face significant pressures, Fitch Ratings said Tuesday. ... more		Oil prices incease, though IMF outlook could erase rally Anticipation over a weekend meeting in Doha on a possible oil production freeze overshadowed a subdued IMF report, giving oil prices a lift early Tuesday. ... more
				Marathon Oil unloads more than $1 billion in assets U.S. energy company Marathon Oil Corp. said new agreements put the total value of divestments at more than $1 billion since last year. ... more		Retail gasoline prices showing some stability A high level of supplies on the U.S. market helped push retail gasoline prices lower despite a rally in crude oil prices, motor club AAA reported. ... more

Gazprom taking long view on LNG Taking a long view on the global market, Russian energy company Gazprom said it selected St. Petersburg as the 2022 host of a liquefied natural gas summit. ... more		DNO says Kurdish oil exports up Oil exported from the Kurdish north of Iraq following militant attacks on pipeline infrastructure are back near levels from early 2016, energy company DNO said. ... 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		Gazprom Neft boosts reserve estimate Russian energy company Gazprom Neft said surveys indicate the volume of commercial reserves at fields in East Siberia is greater than initially thought. ... more
				Sending crude oil into space to study Earth's depths Containers of highly pressurised crude oil will be launched into space from China next week to help improve our knowledge of oil reservoirs buried kilometres underground. The Soret Coefficient in Cr ... more		Woodside extends gas ties with Korea Australian company Woodside Petroleum announced Monday it was extending a strategic partnership with energy-hungry Korea Gas Corp. ... more

Human 2 Mars Conference May 17-19 2016 - Washington DC

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

More reserves uncovered offshore Senegal Scottish company Cairn Energy said it was maintaining a string of success with the latest discovery of natural gas at an evaluation program offshore Senegal. ... more		Cleanup begins in North Dakota Keystone oil spill Pipeline company TransCanada said clean up operations will continue in South Dakota for several days as it restarts the Keystone oil pipeline after a release. ... 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)		Yatsenyuk: Ukraine's energy sector free from Russia Securing energy independence from Russia was among the major accomplishments since civil upheaval, outgoing Ukrainian Prime Minister Arseniy Yatsenyuk said. ... more
Oil streak continues into Monday Oil prices moved higher early Monday on word Kuwait was on board with meetings to consider a production freeze output, though economic data could erase gains. ... more		North Dakota gains a rig With crude oil prices on the rise, state data from North Dakota show the No. 2 oil producer in the United States gained one rig from one week ago. ... more		Statoil clears Johan Sverdrup audit An audit of development plans for the Johan Sverdrup oil field off the Norwegian coast found only relatively minor issues, a regulator said. ... more		Sweet technique finds cause of sour oil and gas In at least one - and probably many - oil and gas drilling operations, the use of biocides to prevent the souring of hydrocarbons wastes money and creates an unnecessary environmental burden, accord ... more

	More oil, gas layoffs expected, Dallas Fed says Energy companies may start adopting tighter policies as the immediate pressure from lower oil prices increases, a report from the Dallas Federal Reserve said. ... more		Support builds behind Turkmenistan gas pipeline for Pakistan Bringing natural gas through a pipeline from Turkmenistan will help address chronic energy shortages in Pakistan, the Asian Development Bank said. ... 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

Oil prices on a tear on strong economic news		Keystone pipeline spill in South Dakota bigger than originally thought		Setback for Tullow for operations offshore Ghana		Canadian energy sector in sharp decline		March rig count down 12 percent
EU objecting to new Russian gas capacity		Baker Hughes, Halliburton say U.S. conclusion wrong		Hercules Offshore gets Saudi contract extension		Struggling Maersk starts work for North Sea field		Oil prices falter on OECD slowdown

Wintershall expects rough year

OMV makes drilling breakthrough in Barents Sea

Shale progress needs to continue, API says

Positive forces build for crude oil prices

Islamic State's oil revenues 'slashed' by air strikes: French experts

Baker Hughes, Halliburton merger under scrutiny

World Bank: Russia returns to growth next year

Setback for Chevron in Australia

Shell sits out Norwegian licensing round

Oil prices lower on IMF's 'not-so-good news'

U.S., Israeli seek expanded energy ties

Wild ride before summer cool off at the gas pump

TransCanada examining potential Keystone leak

Colorado making mixed energy strides

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

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