Oil and Gas News

May 17, 2016

Statoil to help tap Turkish gas
Stavanger, Norway (UPI) May 16, 2016
Norwegian energy company Statoil said Monday it signed an agreement with a Canadian exploration company to help explore the shale gas potential in Turkey. According to the terms of an agreement, Statoil takes a 50 percent stake in the Barnali license in northwestern part of Turkey, while Toronto-listed Valeura Energy keeps the remaining shares and stays on as the operator in an area known to produce gas for nearly 100 years. Statoil agrees to help finance the exploration in an area that ... read more

Previous Issues

May 16

May 13

May 12

May 11

May 10

Oil prices move closer to $50 per barrel on supply fears Simmering concerns about supply shortages across the global energy market pushed crude oil prices sharply higher in early Monday trading. ... more		BP takes stronger role in North Sea gas BP said Monday it was doubling its stake in the Culzean gas field in the North Sea, which is expected to have enough gas to meet 5 percent of British demand. ... more		North Dakota rig count at lowest since 2005 At 27, the number of rigs actively exploring for or producing oil or natural gas in North Dakota is the lowest it's been in more than a decade, state data show. ... more
				Canadian oil services start to return Employees are on the ground in and around the Fort McMurray area of Alberta to start bringing oil sands operations online, companies said Monday. ... more		Saudi Arabia's credit rating lowered While strong when compared with other sovereign credit ratings, Saudi Arabia's fiscal health remains under threat from low oil prices, Moody's said. ... more

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

Shell: No oil expected to reach shore Recovery is ongoing and oil spilled from the Glider field in the U.S. waters of the Gulf of Mexico is moving west with no shoreline impact expected, Shell said. ... more		Microwaved nanoribbons may bolster oil and gas wells 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 researche ... 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		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

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

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		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 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		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

	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

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

Oil prices rally on return of market balance		Nigerian militant group issues manifesto		Radioactive isotopes reveal age of oil and gas wastewater spills		Oil-eating bacteria came to the rescue after BP spill		Texas drilling permits down 20 percent
OMV expects rough waters ahead		Oil prices mixed, to slightly lower to start Wednesday		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

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