Oil and Gas News

April 27, 2016

Oil prices up on expectations of market balance
New York (UPI) Apr 26, 2016
Anticipation about the pace of the global economy and expectations Tuesday of a return to balance added more fuel to the fire growing in support of oil prices. Oil prices at one point dropped below $30 per barrel this year on signs the global economy was moving too slow to take on the extra supplies. A graphic produced Friday by Credit Suisse indicated that, from its perspective, "the oil market is rebalancing." British energy company BP said Tuesday it expected supply-side strains to ea ... read more

Previous Issues

Apr 26

Apr 25

Apr 22

Apr 21

Apr 20

Demand pulling U.S. gasoline prices higher Consumer demand for gasoline is pushing the price at the pump higher for Americans, though it remains low historically speaking, retail analysis finds. ... more		Locals rule for Tehran energy conference Iranian media reports local companies outnumber the number of foreign entities registered to attend an oil and natural gas conference in May in Tehran. ... more		Gazprom questions price mechanisms for LNG Russian energy company Gazprom said liberalizing the market for liquefied natural gas means contractual talks with China are under threat. ... more
				Stanford maintains investments in fossil fuels The board of trustees at Stanford University said it was maintaining an investment portfolio of fossil fuels despite growing support for a low-carbon economy. ... more		Alberta defends budget against credit downgrade The provincial government in Alberta said its budgetary house is in order enough to handle the pressures from low oil prices despite a credit downgrade. ... more

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

BP sees balanced market by year's end With lower spending on tap for the year, British energy company BP said the market could return to a healthy balance between supply and demand by year's end. ... more		Uganda advancing on oil pipeline developments A statement from the government in Uganda said a decision was made by a regional consortium to build a crude oil pipeline through Tanzania. ... 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		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

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

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		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)		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		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 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

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

Innovative Exeter research pioneers nanotechnology for gas sensing		Economists: Texas handling oil slump well		Austrian energy company OMV sees oil production increase by 1 percent		Oil rally struggles to gain traction		Wood Group notches another North Sea success
Sanctions uncertainty hinders investor return to Iran		Australia's Woodside searching for silver lining		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

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