Oil and Gas News

April 25, 2016

Saudi king sacks utilities minister amid anger over prices
Riyadh (AFP) April 24, 2016
The king of Saudi Arabia has sacked the country's water and electricity minister, Abdullah al-Hussayen, amid public anger over price hikes, state media reported. King Salman issued a decree on Saturday ordering his dismissal and replacement in the interim by Agriculture Minister Abdel Rahman al-Fadli, said the official SPA news agency. His removal comes after the government reduced subsidies on electricity, water and other services. In March, the Arab News daily reported that Hussayen had ca ... read more

Previous Issues

Apr 23

Apr 22

Apr 21

Apr 20

Apr 19

New contracts surface for struggling Transocean After reporting a string of lost contracts, rig company Transocean said it landed three new contracts for work largely in the offshore Asia and Latin America. ... more		Shell tight-lipped on claims it's leaving Gabon Officials with Royal Dutch Shell were tight-lipped following suggestions the company may be leaving behind its onshore portfolio in emerging oil player Gabon. ... more		Australian gas market gets monopoly review A competition watchdog in Australia said it was growing concerned by the tight market control from a few gas players and an uncertain supply outlook. ... more
				Oil spill fears in Italian Riviera port Authorities in the Italian port of Genoa declared a state of emergency Saturday as they battled to prevent tonnes of crude oil from spilling into the Mediterranean in the heart of the Riviera coastline. ... more		Schlumberger revenue takes nose dive Schlumberger, the largest oil field services company in the world, said its first quarter revenue experienced one of its sharpest declines since 2014. ... more

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

Oil prices rise to highest level in 5 months Sentiments about an emerging balance in energy markets Friday helped add positive pressure to the continuing rebound in crude oil prices. ... more		U.S. gasoline demand soars U.S. gasoline demand reached the highest levels since record-keeping began as consumers took advantage of lower prices, a petroleum group 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		Fossil fuels could be phased out worldwide in a decade 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 ... more
				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

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

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		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)		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
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		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		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

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 lower after Kuwaiti strike ends		New work for struggling field services company Aker		Eni renews focus on Algerian renewables		Washington seeks Gulf special force, naval cooperation		Kuwait's oil production increasing
Last thing Ecuador needed was quake, after oil bust		U.S. energy economy diversified, White House says		Statoil looking to new technology to save costs		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

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