Oil and Gas News

April 22, 2016

Fossil fuels could be phased out worldwide in a decade
Sussex, UK (SPX) Apr 22, 2016
The worldwide reliance on burning fossil fuels to create energy could be phased out in a decade, according to an article published by a major energy think tank in the UK. Professor Benjamin Sovacool, Director of the Sussex Energy Group at the University of Sussex, believes that the next great energy revolution could take place in a fraction of the time of major changes in the past. But it would take a collaborative, interdisciplinary, multi-scalar effort to get there, he warns. And that effort mus ... read more

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Innovative Exeter research pioneers nanotechnology for gas sensing A team of scientists from the University of Exeter have created a new type of device that could be used to develop cost-effective gas sensors. The pioneering team, which includes two second year Exe ... more		Economists: Texas handling oil slump well The Texas economy is facing pressure from lower crude oil prices, though it's better able to weather the storm than in the past, state economists said. ... more		Austrian energy company OMV sees oil production increase by 1 percent Austrian energy company OMV said its first quarter output was up 1 percent, largely on Norwegian operations, and that its exploration expenses were lower than in 2015. ... more
				Oil rally struggles to gain traction A rally in crude oil prices struggled to gain momentum Thursday on lingering European economic concerns despite a major expected decline in non-OPEC output. ... more		Wood Group notches another North Sea success Scottish energy services company Wood Group said Thursday it secured a $150 million deal to help support operations at key fields in the North Sea. ... more

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

Sanctions uncertainty hinders investor return to Iran Iran may technically be open to foreign investors after a nuclear deal with Western powers, but many sanctions remain, deterring potential business partners who fear the US could hit them again with punishing fines. ... more		Australia's Woodside searching for silver lining Australian energy company Woodside said its short-term financial trends were under pressure, but had largely outperformed metrics year-on-year. ... more		Solar-driven ionosphere charges may nudge stressed faults toward rupture Stable black carbon in mangrove soils boosts coastal climate role Low crystallinity iron minerals show promise for chromium cleanup and carbon storage		Oil output down for U.S. shale company Sanchez U.S. inland oil player Sanchez Energy Corp. said Wednesday its average daily oil production volume was down nearly 10 percent from last year. ... more
				Study sank $1.3 bn refinery project with China: Costa Rica Irreconcilable differences over a rejected feasibility study scuppered a $1.3 billion project with China to build an oil refinery, Costa Rica's state-run petroleum distribution group RECOPE said Wednesday. ... more		Kremlin says it won't politicize Yukos ruling A spokesman for the Kremlin said Wednesday the Russian government won't politicize its victory in a Dutch court in a battle with former Yukos Oil Co. ... more

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

Military Network Modernization 2016 - Washington DC - April 25-27

Space Tech Expo - Design - Build - Test - Pasadena CA - May 24-26, 2016

Another setback for Transocean Rig company Transocean said it was delaying the delivery of two ultra-deepwater drillships to 2020 in an agreement with a shipyard company in Singapore. ... more		Oil lower after Kuwaiti strike ends Though Kuwait's government said it may take a few days for output to return to normal, the end of a labor strike there sent crude oil prices lower Wednesday. ... more		A Plan B for space? On the risks of concentrating national space power in private hands GMV to deliver new UK launch monitoring algorithms for NSpOC PLD Space lands 180m euro boost to advance global launch services		New work for struggling field services company Aker Days after hinting at staffing cuts, regional field services company Aker Solutions said it won a contract to help a Norwegian company develop the Barents Sea. ... more
Eni renews focus on Algerian renewables Renewable energy strategies could help Italian energy company Eni strengthen its portfolio in Algeria, the company's top executive said. ... more		Washington seeks Gulf special force, naval cooperation The United States is seeking greater special forces and naval cooperation with the Gulf states to counter Iran's "destabilising activities" in the region, a senior American official said. ... more		Kuwait's oil production increasing Though a labor strike in Kuwait is on its third day, a spokesman for the oil ministry said Tuesday output has moved higher to 1.5 million barrels per day. ... more		Last thing Ecuador needed was quake, after oil bust Oil-producing Ecuador has already taken a big hit from the drop in global crude prices, so the last thing it needed was the devastating earthquake that struck last weekend. ... more

	U.S. energy economy diversified, White House says A balanced energy portfolio suggests the U.S. economy won't take any major hits from lingering weakness in the oil sector, a White House spokesman said. ... more		Statoil looking to new technology to save costs With the industry facing tightened purse strings, Norwegian energy company Statoil said it was examining plug-and-play concepts of field development. ... more

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Infleqtion lists shares on NYSE as neutral atom quantum firm

Top Chinese gaming companies continue to challenge

Earthquake may have been manmade, more data needed		Kuwaiti strike pulls oil prices higher		Russian economist scoffs at Doha oil hype		Chevron builds on Australian gas footprint		Demand, oil prices, create pain at the pump
Crude oil rally lost in Doha's rear-view mirror		More than a dozen tremors hit Oklahoma		More data needed to assess earthquake hazards in Texas		British shale oil may be ready to boom		North Dakota rig count at historic low

Ecuador energy infrastructure safe

Centrica unloads Norwegian assets

Nanostructures grown on fabric soak up oil spills

ExxonMobil, Rockefellers face off in climate battle

Clinton, Sanders spar over fracking

Vote of confidence for Senegal's oil potential

Fossil fuels could be phased out in ten years

U.S. offshore oil and gas industry under microscope

Goodrich Petroleum files for bankruptcy

Alberta tightens purse strings

Crude oil prices take it on the chin

Life left for oil and gas in Norway, regulator says

Biggest sovereign fund excludes 52 coal-related groups

Kerosene subsidies slow transition to clean energy

BP reviews stability of dividends

Oil prices edge higher on mixed market signals

Climate claims pile up on U.S. energy industry's door

Oil finances nearly severed for Islamic State

Gulf of Mexico a short-term bright spot for oil

Senegal oil reserve estimate moved higher

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