Oil and Gas News

April 14, 2016

Gulf of Mexico a short-term bright spot for oil
Washington (UPI) Apr 13, 2016
The U.S. Gulf of Mexico may return as the primary source of additions to crude oil production as onshore production fades, a federal report finds. A short-term market report from the U.S. Energy Information Administration finds production will decline in most of the Lower 48 states and Alaska because of the pressure from lower crude oil prices, which the report said should stay below $40 per barrel through the first half of 2017. Onshore declines, the report said, should be offset by gai ... read more

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Apr 07

Senegal oil reserve estimate moved higher An oil field offshore Senegal may be viewed as a world-class reservoir following an update to the reserve estimate, Australia-based explorer FAR Ltd. said. ... more		OPEC demand forecast drags oil prices lower A three-day rally for crude oil prices came to an end Wednesday after OPEC said in its monthly report for April that demand was expected to falter. ... more		New oil coming from North Sea The first volumes of oil are flowing from a well at the Solan field in the North Sea, which should reach steady production rates yet this year, Premier Oil said. ... more
				High-stakes oil and gas vote has Italy in a tizz An offshore platform a stone's throw from Dante's beach on Italy's Adriatic coast has become the focus of a politically charged national referendum on the country's oil and gas drilling concessions. ... more		Shut Keystone down, advocacy group says An advocacy group in Nebraska said it was calling on U.S. regulators to shut down the Keystone oil pipeline following a spill from TransCanada's system. ... more

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		Australia's Woodside calls for new industry thinking 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. ... 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		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

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

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		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)		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
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		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		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

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 streak continues into Monday		North Dakota gains a rig		Statoil clears Johan Sverdrup audit		Sweet technique finds cause of sour oil and gas		More oil, gas layoffs expected, Dallas Fed says
Support builds behind Turkmenistan gas pipeline for Pakistan		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

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