Oil and Gas News

May 02, 2016

Russia's Central Bank keeps rates unchanged
Moscow (UPI) Apr 29, 2016
Citing the risk of crude oil prices moving lower and lingering inflationary pressures, the Russian Central Bank said Friday it was keeping its key rate steady. The board of directors said in a rationale statement it was keeping its key rate at 11 percent even amid expectations of a slow recovery. "Inflation fell perceptibly," the bank said. "However, the trend bears risks of instability." An April report from the World Bank said the Russian economic recession is expected to eat aw ... read more

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Apr 26

PetroChina posts first quarterly loss since listing PetroChina shares plunged on Friday, after the Chinese energy giant posted its first quarterly loss since listing overseas 16 years ago, as it struggled with the weak domestic economy and lower international oil prices. ... more		Crude oil rally knows no limit Strong recovery for U.S. consumer wages balanced against a slowdown in the European economy, but it was enough for a soft rally Friday for crude oil prices. ... more		Oil opposition grows on both U.S. shores Seattle activists who took on Shell offshore Alaska turned their eye to Exxon, while opponents on the east coast raised objections to ongoing energy work there. ... more
				Gulf Keystone Petroleum mulling debt Iraq-focused Gulf Keystone Petroleum said Friday it reached an agreement with bondholders to delay making interest payments while it seeks debt restructuring. ... more		Weatherford says it's ready for anything The top executive at oil services company Weatherford International said he was taking a constructive approach to what he said was a "violent downturn." ... more

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

Exxon squeaks out a profit, though Chevron stumbles Exxon Mobil said Friday it managed to report a profit during the first quarter downturn, though pressure continued to build for U.S. counterpart Chevron. ... more		Long-term oil shortfall predicted by Wood Mackenzie Global supply-side pressures could reverse within 20 years as low crude oil prices crimp spending on exploration and production, Wood Mackenzie finds. ... more		HawkEye 360 boosts RF coverage with new Cluster 13 satellites Slow orbital wobble patterns drive ancient greenhouse climate swings Ordovician mass extinction cleared the way for jawed fishes to rise		Europe critical of Polish shale gas laws The Polish government is referred to the European courts because of the lack of environmental oversight in shale gas drilling, the European Commission said. ... more
				U.S. shale oil down, but not out A U.S. congressional researcher said some shale oil companies in the country will rebound as oil prices recover, though output will remain under pressure. ... more		Oil running quickly toward $50 per barrel Oil prices are running toward $50 per barrel, up nearly 60 percent from 2016 lows, as more data surfaces to support a push away from supply side pressures. ... more

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

Transition from Operations to Decommissioning by Preparing a Safe, Cost-Effective Shut Down and Waste Management Strategy

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

Schlumberger lands another merger Following a string of recent deals, oil field services company Schlumberger announced it agreed to acquire a Calgary-based drilling and services company. ... more		Saudi Arabia Releases Ambitious Plan To Diversify Economy On Monday, Saudi Arabia released a blueprint for the future, a plan for the Kingdom that could alter the course of its history. The "Vision for the Kingdom of Saudi Arabia" could radically transform ... more		PH-1 test flight advances Chinese reusable suborbital spacecraft plans Tiny Mars' big impact on Earth's climate Ancient deltas reveal vast Martian ocean across northern hemisphere		NASA Scientists Scrutinize Arctic Gas Flaring Pollution Flaring of waste natural gas from industrial oil fields in the Northern Hemisphere is a potential source of significant amounts of nitrogen dioxide and black carbon to the Arctic, according to a new ... more
Unemployment up in Norway's oil economy The Norwegian government said Thursday the rate of unemployment for men nationwide increased more than a full percentage point as lower oil prices take a toll. ... more		Oil still at center of Libyan conflict With oil again acting as kindling for conflict in Libya, the U.N. mission there reminded all parties to respect the sanctity of the nation's economic lifeline. ... more		Groundwater quality changes alongside expansion of hydraulic fracturing New research from The University of Texas at Arlington demonstrates that groundwater quality changes alongside the expansion of horizontal drilling and hydraulic fracturing but also suggests that so ... more		Hess producing more despite taking a loss Even as it reported a loss for the first quarter of the year, U.S. energy company Hess Corp. said it was producing more from its U.S. assets than in late 2015. ... more

	Contamination in North Dakota linked to fracking spills Accidental wastewater spills from unconventional oil production in North Dakota have caused widespread water and soil contamination, a new Duke University study finds. Researchers found high levels ... more		New oil discovery in Gulf of Mexico Otto Energy Ltd., a company with headquarters in Australia, said it made an oil discovery in the Gulf of Mexico that was productive enough to keep drilling. ... more

Eutelsat orders 340 new OneWeb LEO satellites from Airbus

Planet secures multi year satellite contract with Swedish Armed Forces

EU should consider forming combined military force: defence chief

Wood Group lands Azeri deal with BP		Alberta taking climate message to Washington		Oil prices mixed to flat on weak U.S. GDP		One oil field a key culprit in global ethane gas increase		Tullow lowers spending forecast
Oil prices up on expectations of market balance		Demand pulling U.S. gasoline prices higher		Locals rule for Tehran energy conference		Gazprom questions price mechanisms for LNG		Stanford maintains investments in fossil fuels

Alberta defends budget against credit downgrade

BP sees balanced market by year's end

Uganda advancing on oil pipeline developments

Some BG Group offices to close

Saudi king sacks utilities minister amid anger over prices

Long oil rally knows no quarter

North Dakota rig count unchanged

Shell tight-lipped on claims it's leaving Gabon

Australian gas market gets monopoly review

Oil spill fears in Italian Riviera port

Schlumberger revenue takes nose dive

Oil prices rise to highest level in 5 months

U.S. gasoline demand soars

New contracts surface for struggling Transocean

Fossil fuels could be phased out worldwide in a decade

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

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