Oil and Gas News

May 08, 2016

Canada oil output slashed due to Alberta wildfire
Montreal (AFP) May 6, 2016
The Alberta forest fire has forced Canadian oil producers to slash output by one million barrels a day, dealing a fresh blow to the oil-dependent economy, analysts said Friday. The immense fire ravaging the area around Fort McMurray, the center of the country's massive oil sands deposits, has sent tens of thousands of workers and their families fleeing and compelled the producers in the region to shut down operations. The production cuts correspond to about a quarter of the country's entire prod ... read more

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May 07

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May 02

TransCanada connects to nation's LNG interests The last permits necessary to build a natural gas pipeline project servicing the western port of Kitimat in British Columbia has been secured, TransCanada said. ... more		Russia's Rosneft ships its first cargo of LNG For the first time in its history, Russian energy company Rosneft said Friday it delivered a shipment of liquefied natural gas to an Egyptian customer. ... more		Persistent U.S. labor woes drag on oil prices Lower employment gains in the United States caught up with other market factors Friday to push the price of crude oil lower in early trading. ... more
				Chevron knocked offline, Nigerian militant group says As of now, Chevron's operations in the Niger Delta are completely offline following attacks on its facilities, a militant group proclaimed. ... more		Hercules Offshore: Recovery not strong enough The recovery in crude oil prices since the 2016 low point hasn't been enough to translate to improved business conditions, the head of Hercules Offshore said. ... more

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

Cheniere Energy looking better after LNG shipments After commissioning its first shipment of liquefied natural gas from a U.S. port, Cheniere Energy Partners said losses during the first quarter have dwindled. ... more		Fort McMurray foreign workers may have to leave Canada Jonathan Infante fled for his life from wildfires ravaging Canada's remote Athabasca oil-producing region, and now he and other migrant workers face the grim prospect of having to altogether leave Canada. ... 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. seen as strategic energy partner for Europe 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. ... more
				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

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

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		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)		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
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		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		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

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

Shell still working to navigate weak market		ENGIE shakes up staff to adapt to new market		Oil prices recover after two straight days of loss		DNO gets boost from Kurdish oil exports		Encana cutting costs with little impact on output
BP hands out more contracts for Azeri gas project		Local fracking bans struck down in Colorado		Slowing China pushes oil prices lower		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

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