Oil and Gas News

May 03, 2016

Statoil in mourning after last week's helicopter crash
Stavanger, Norway (UPI) May 2, 2016
Norwegian energy company Statoil said it was in a state of mourning after 13 employees died when a helicopter crashed after leaving an offshore platform. An Airbus helicopter H225 Super Puma, formerly known as a Eurocopter EC225, crashed last week off the coast of Norway after picking up passengers from a Statoil oil platform. The group on board included 11 Norwegians, one Italian and one British citizen, according to authorities. All were employees of Statoil. Statoil President and CEO ... read more

Previous Issues

May 02

May 01

Apr 30

Apr 29

Apr 28

Oil prices start May in the red With some contracts expiring, crude oil prices were volatile early Monday though supply-side pressure emerged again to drag on evolving market dynamics. ... more		Lundin touts green footprint ahead of earnings report Less than two weeks before releasing quarterly earnings, Lundin Petroleum said in a sustainability report its work offshore Norway was among the greenest. ... more		South Korea, Iran eye oil and gas deals South Korea and Iran signed off on more than a dozen proposals, including those tied to oil and gas, as Iran's president touts the value of foreign investments. ... more
				Enbridge weighing its options Pipeline company Enbridge said spending for 2016 would be significantly lower than in past years, though it maintained it's positioned well in North America. ... more		US top court rejects BP shareholder suit over stock price plunge The US Supreme Court Monday declined to hear a class-action lawsuit by BP shareholders demanding compensation for a sharp fall in share price after the deadly 2010 Gulf of Mexico oil spill. ... more

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

Halliburton, Baker Hughes merger scrubbed Effective April 30, a merger proposed in late 2014 between oil services companies Baker Hughes and Halliburton has been terminated, the companies announced. ... more		North Dakota showing little rig movement Despite a rally in oil prices of around 30 percent, the number of rigs deployed in shale-rich North Dakota is steady for the fifth straight week, data show. ... 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		Russia's Central Bank keeps rates unchanged 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. ... more
				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

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

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		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		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
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		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		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

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

Saudi Arabia Releases Ambitious Plan To Diversify Economy		NASA Scientists Scrutinize Arctic Gas Flaring Pollution		Unemployment up in Norway's oil economy		Oil still at center of Libyan conflict		Groundwater quality changes alongside expansion of hydraulic fracturing
Hess producing more despite taking a loss		Contamination in North Dakota linked to fracking spills		New oil discovery in Gulf of Mexico		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

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