Oil and Gas News

May 06, 2016

U.S. seen as strategic energy partner for Europe
Washington (UPI) May 5, 2016
The United States has an important role to play in adding diversity to a European energy sector that depends heavily on Russia, a joint regional committee said. European Energy Commissioner Miguel Arias Canete and Vice President Maros Sefcovic led a delegation to Washington D.C. to meet with U.S. Energy Secretary Ernest Moniz and Secretary of State John Kerry to review bilateral energy concerns. In a joint statement, the committee said it was throwing its support behind Ukrainian energy ... read more

Previous Issues

May 05

May 04

May 03

May 02

May 01

Evacuees find safe haven as wildfires engulf Canada oil region Sitting on the tailgate of his truck, strumming his guitar, the only item that he was able to salvage in a hurried evacuation of Fort McMurray as wildfires raged closer to the Canadian oil city, Alan Javierto says: "I just want to go home." ... more		Canadian fires drive oil prices higher Wildfires raging in the oil-rich Canadian province of Alberta overwhelmed supply-side data and U.S. employment figures, pushing oil higher early Thursday. ... more		Marathon Oil sees North American decline Marathon Oil Corp. said its first quarter production was in line with its expectations, though downside risks may evolve from North American operations. ... more
				Iran says oil exports near pre-sanctions level Iranian oil exports may have reached a level on par with the average volume from before nuclear-related sanctions were enacted, a minister said Thursday. ... more		Continental Resources betting on market rebound U.S. shale oil player Continental Resources said it expected its production to recover during the second half of the year on the back of market improvements. ... more

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

ExxonMobil launches venture for low-cost carbon capture Oil giant ExxonMobil said Thursday it was starting a new venture that could make carbon-dioxide capture a more economically attractive way to fight global warming. ... more		Alberta oil facilities remain under fire threat Alberta-based oil producer Suncor Energy said its facilities were running at reduced rates in response to wildfires raging in the Fort McMurray area. ... 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		U.S. shale oil still facing pressure Oil production in key U.S. shale formations declined and, while a recovery in crude oil prices is an incentive, risks do remain, market analysis finds. ... more
				OMV signs agreement with Iranian counterpart Austrian energy company OMV said Wednesday it made the first steps toward resuming operations in Iran after signing an agreement with a national oil entity. ... more		Why China Is Really Dictating the Oil Supply Glut Ship tracking data from Bloomberg shows that 83 supertankers carrying around 166 million barrels of oil are headed to China, which has stockpiled an impressive 787,000 barrels a day in the first q ... 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

Noble Energy sells off Colorado shale holdings Selling off parts of its shale holdings in Colorado means a better chance to strengthen the balance sheet for the year, Noble Energy said. ... more		Shell still working to navigate weak market Spending plans for 2016 are less than the combined spending guidance between Shell and BG Group two years ago, the Dutch supermajor said Wednesday. ... 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)		ENGIE shakes up staff to adapt to new market French energy company ENGIE announced Wednesday it shook up its front-office staff in an effort to revamp the company to align with emerging market trends. ... more
Oil prices recover after two straight days of loss An increase in Russian oil production and price expectations balanced against shortages in Canada sparked by wildfires, pushing oil higher early Wednesday. ... more		DNO gets boost from Kurdish oil exports A string of regular export payments from the Kurdish government in Iraq means the funds are there to start a drilling campaign, Norwegian company DNO said. ... more		Encana cutting costs with little impact on output After declaring a loss for the first quarter, Canadian energy company Encana said it as working to cut overall costs by more than $400 million. ... more		BP hands out more contracts for Azeri gas project A BP subsidiary trying to pull gas from offshore Azerbaijan said it doled out a $1.5 billion contract to help get gas flowing within the next two years. ... more

	Local fracking bans struck down in Colorado A Colorado Supreme Court ruling enforcing state jurisdiction over oil and natural gas activity has "enormous implications" for the economy, the governor said. ... more		Slowing China pushes oil prices lower Crude oil prices retreated Tuesday for the second straight day after Chinese data showed a contraction in the nation's manufacturing sector. ... 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

Gas prices at six-month highs		Statoil increases hold over Lundin Petroleum		Russia's Central Bank keeps rates unchanged		PetroChina posts first quarterly loss since listing		Statoil in mourning after last week's helicopter crash
Oil prices start May in the red		Lundin touts green footprint ahead of earnings report		South Korea, Iran eye oil and gas deals		Enbridge weighing its options		US top court rejects BP shareholder suit over stock price plunge

Halliburton, Baker Hughes merger scrubbed

North Dakota showing little rig movement

Crude oil rally knows no limit

Oil opposition grows on both U.S. shores

Gulf Keystone Petroleum mulling debt

Weatherford says it's ready for anything

Exxon squeaks out a profit, though Chevron stumbles

Long-term oil shortfall predicted by Wood Mackenzie

Europe critical of Polish shale gas laws

U.S. shale oil down, but not out

Oil running quickly toward $50 per barrel

Schlumberger lands another merger

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

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