Oil and Gas News

May 16, 2016

Microwaved nanoribbons may bolster oil and gas wells
Houston TX (SPX) May 16, 2016
Wellbores drilled to extract oil and gas can be dramatically reinforced with a small amount of modified graphene nanoribbons added to a polymer and microwaved, according to Rice University researchers. The Rice labs of chemist James Tour and civil and environmental engineer Rouzbeh Shahsavari combined the nanoribbons with an oil-based thermoset polymer intended to make wells more stable and cut production costs. When cured in place with low-power microwaves emanating from the drill assembly, the c ... read more

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Russia sees oil market balance in 2017 Barring any compromise among OPEC members or a serious degradation in Middle East security, oil markets won't balance until next year, Russian analysis finds. ... more		OPEC: Energy industry spending to decline Global spending in exploration and production over the next two years is expected to be about half what it was between 2012 and 2014, OPEC said in a monthly report. ... more		US unveils first federal methane regulations The United States on Thursday unveiled the first federal regulations on methane - a powerful greenhouse gas that accelerates global warming - aimed at reducing emissions from new oil and gas operations. ... more
				Seven dead in raid on Iraqi gas plant claimed by IS Suicide attackers stormed a gas plant north of Baghdad Sunday, killing at least seven people and setting fire to tanks in the latest such assault claimed by the Islamic State group. ... more		Canada's oil production weakened by Fort McMurray fire Even as the situation becomes less severe, it may be the third quarter of 2016 before Canadian oil sands operations return to normal, a government report shows. ... more

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

Oil prices fall on oversupply concerns Oil prices fell sharply in early Friday trading after OPEC reported in its latest monthly report that production increased while the global economy stood still. ... more		North Dakota oil production drops North Dakota crude oil production dropped about a full percentage point over the course of a month because of lingering market pressures, a regulator said. ... more		No picnic: How to survive a bear encounter; as Japan battles spike in attacks COP30: Indigenous peoples vital to humanity's future India mega-zoo in spotlight again over animal acquisitions		More than 2,000 barrels of oil spilled in Gulf of Mexico More than 2,000 barrels of oil were released into the U.S. waters of the Gulf of Mexico about 97 miles from the southern tip of Louisiana, Shell said. ... more
				British Columbia may reap rewards from gas Natural gas growth means the provincial economy in British Columbia outpaces the rest of Canada, through the market carries risk, a national report said. ... more		More oil services back online in fire-ravaged Canada More facilities were returning to normal in the Fort McMurray area of Alberta, with Enbridge the latest to return some infrastructure to regular service. ... 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

Wintershall ready to start drilling A subsidiary of German oil and gas producer Wintershall said it awarded a contract to Halliburton for work in the Norwegian Sea, describing it as a market booster. ... more		No call to sit with OPEC in June, Russia says There's been no invitation extended to the Russian government to attend next month's summit of members of OPEC, Russia's energy minister said. ... more		Closest-ever view of planet-forming disk captured around distant star AI-developed controller directs satellite in pioneering in-orbit maneuver Saturn's icy moon may host a stable ocean fit for life, study finds		Oil prices rally on return of market balance Data showing strong gains in global demand and a year-on-year slowdown in growth in oil production led to a rally in crude oil prices in early Thursday trading. ... more
Nigerian militant group issues manifesto A militant group in Nigeria calling itself the Niger Delta Avengers issued a warning Thursday to oil companies, saying their campaign has just begun. ... more		Radioactive isotopes reveal age of oil and gas wastewater spills Spills from oil and gas operations can contaminate local water and soil with high levels of toxic chemicals, salts and radioactivity, but in many cases there is insufficient information to determine ... more		Oil-eating bacteria came to the rescue after BP spill Microscopic bacteria played a crucial role in the cleanup of the devastating 2010 BP Gulf of Mexico oil spill, scientists who decoded the genomes of the oil-eating organisms reported Monday. ... more		Texas drilling permits down 20 percent The number of oil and natural gas drilling permits issued by Texas regulators in April was lower year-on-year by 20 percent, state data show. ... more

	OMV expects rough waters ahead Austrian energy company OMV said it expects the natural gas market in particular to be challenging this year, focusing its sentiment on European strategies. ... more		Oil prices mixed, to slightly lower to start Wednesday Crude oil prices were mixed to start the day Wednesday, with Nigerian oil offline at the same time as North American markets breathe a sigh of relief. ... more

New satellite operations centre planned for Germany to support EU constellation

N. Korea warns of more 'offensive action' after latest missile launch

Sudan army says intercepts drone attack on key southern city

Lundin Petroleum taking the high road		Iranian oil may be headed to Europe soon		More gas for Eni coming out of Egypt		Canadian oil hub works to restore power, eyes resuming full oil output		Alberta oil spared by fires
Canada wildfire a hard hit to economy, oil companies		EIA: Nigerian oil sector plagued by risk		Oil prices up on lingering threats to production		More oil than thought in Kenya		Oceana sees imminent end to Arctic drilling

Maersk Oil announcing more layoffs

U.S. gasoline prices hold steady

Oil firms in fire-hit Canada region back to work in coming days at best: premier

Oil companies in Alberta weighing options

Romania seizes KazMunaiGaz refinery in tax probe

Battle against Canada inferno turns to oil sites, infrastructure

Report: Shell evacuates Nigerian facility

Oil rally fades as Canadian fires move east

North Dakota loses two rigs

Iran says it will ship more oil to Italy

Russia's Rosneft ships its first cargo of LNG

Persistent U.S. labor woes drag on oil prices

Chevron knocked offline, Nigerian militant group says

Canada oil output slashed due to Alberta wildfire

Hercules Offshore: Recovery not strong enough

Cheniere Energy looking better after LNG shipments

TransCanada connects to nation's LNG interests

Evacuees find safe haven as wildfires engulf Canada oil region

Canadian fires drive oil prices higher

Marathon Oil sees North American decline

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