Oil and Gas News

May 11, 2016

Canada wildfire a hard hit to economy, oil companies
Fort Mcmurray, Canada (AFP) May 10, 2016
The wildfire raging in Canada is forcing a reduction in oil output at the worst possible time in a country where the energy sector accounts for 10 percent of GDP and thousands have lost their jobs due to low crude prices. With authorities warning the blaze could continue to burn for months in the absence of major rainfall, economists predict that growth would stagnate in the second quarter. A slew of oil companies in Alberta's oil sands region have suspended or considerably cut back their operat ... read more

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EIA: Nigerian oil sector plagued by risk Nigeria is the largest oil producer in Africa, though it's plagued with risks as much of the industry is in the conflict-prone Niger Delta, analysis finds. ... more		Oil prices up on lingering threats to production Militancy in the oil-rich Niger Delta and ongoing production outages in Canada helped lift crude oil prices higher in early Tuesday trading. ... more		More oil than thought in Kenya A Canadian oil company with a focus on Africa said an independent survey of its holdings in Kenya led it to increase its reserve estimate by 24 percent. ... more
				Oceana sees imminent end to Arctic drilling With energy companies relinquishing their holdings, advocacy group Oceana said the end may be near for drilling in the Arctic waters offshore Alaska. ... more		Maersk Oil announcing more layoffs Danish energy company Maersk Oil announced it was trimming its payroll in an effort to cut costs in response to the pressure from lower oil prices. ... more

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

U.S. gasoline prices hold steady Retail gasoline prices in the United States remain relatively stable as markets tilt toward balance, though motor club AAA said that could end come summer. ... more		Oil firms in fire-hit Canada region back to work in coming days at best: premier Oil companies forced to halt production when Fort McMurray was hit by raging forest fires should resume production "in the coming days and short weeks ahead," Alberta Premier Rachel Notley said Tuesday. ... 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		Oil companies in Alberta weighing options Canadian energy company Nexen said it was reviewing the fire situation in Alberta, but keeping its facilities shut down until it was able to reach its oil facilities. ... more
				Canada oil output slashed due to Alberta wildfire 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. ... more		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

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

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		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		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)		Romania seizes KazMunaiGaz refinery in tax probe Romanian prosecutors said Monday they had seized a refinery held by Kazakhstan's KazMunaiGaz, which recently came under Chinese control, in a tax fraud probe. ... more
Battle against Canada inferno turns to oil sites, infrastructure Firefighters battled Monday to protect oil installations in Canada's wildfire-ravaged city of Fort McMurray, capital of the country's oil sands region, as rain and cooling temperatures slow the spread of the blaze. ... more		Report: Shell evacuates Nigerian facility Nigerian media reported Monday a group calling itself the Niger Delta Avengers forced the evacuation of facilities in the area operated by Royal Dutch Shell. ... more		Oil rally fades as Canadian fires move east A rally in oil prices subsided Monday as Canadian wildfires moved away from key production facilities in Alberta, home to some of the world's larger oil fields. ... more		North Dakota loses two rigs The number of rigs operating in North Dakota was down two from the previous week and nearly 70 percent below this time last year, state data show. ... more

	Iran says it will ship more oil to Italy Iran's deputy oil minister claimed a deal was made with an Italian refining company for the delivery of around 65,000 barrels of oil per day. ... 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

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

Persistent U.S. labor woes drag on oil prices		Chevron knocked offline, Nigerian militant group says		Hercules Offshore: Recovery not strong enough		Cheniere Energy looking better after LNG shipments		Evacuees find safe haven as wildfires engulf Canada oil region
Canadian fires drive oil prices higher		Marathon Oil sees North American decline		Iran says oil exports near pre-sanctions level		Continental Resources betting on market rebound		ExxonMobil launches venture for low-cost carbon capture

Alberta oil facilities remain under fire threat

U.S. shale oil still facing pressure

OMV signs agreement with Iranian counterpart

Why China Is Really Dictating the Oil Supply Glut

Noble Energy sells off Colorado shale holdings

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

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