Oil and Gas News

April 26, 2016

Uganda advancing on oil pipeline developments
Kampala, Uganda (UPI) Apr 25, 2016
A statement from the government in Uganda said a decision was made by a regional consortium to build a crude oil pipeline through Tanzania. Delegates from Burundi, Ethiopia, Kenya, Rwanda, South Sudan and Tanzania were hosted by the government of Uganda to review oil transit and refinery developments for the region. The U.S. Energy Information Administration said Uganda holds an estimated 2.5 billion barrels of oil reserves. The Ugandan government estimates it could recover about half of ... read more

Previous Issues

Apr 25

Apr 22

Apr 21

Apr 20

Apr 19

Long oil rally knows no quarter The long rally in oil prices continued into Monday even after a report from the International Monetary Fund said another market downturn cannot be ruled out. ... more		North Dakota rig count unchanged The number of rigs in service in North Dakota, the No. 2 oil producer in the United States, held steady despite last week's rally in oil prices, data show. ... more		Some BG Group offices to close Royal Dutch Shell said Monday it was closing some of the offices in the United Kingdom for BG Group as both companies move forward under a united structure. ... more
				Saudi king sacks utilities minister amid anger over prices 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. ... 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

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

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		No picnic: How to survive a bear encounter; as Japan battles spike in attacks COP30: Indigenous peoples vital to humanity's future India mega-zoo in spotlight again over animal acquisitions		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
				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

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

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		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		Closest-ever view of planet-forming disk captured around distant star AI-developed controller directs satellite in pioneering in-orbit maneuver Saturn's icy moon may host a stable ocean fit for life, study finds		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

	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

New satellite operations centre planned for Germany to support EU constellation

N. Korea warns of more 'offensive action' after latest missile launch

Sudan army says intercepts drone attack on key southern city

Oil output down for U.S. shale company Sanchez		Study sank $1.3 bn refinery project with China: Costa Rica		Kremlin says it won't politicize Yukos ruling		Another setback for Transocean		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

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