Oil and Gas News

May 21, 2016

Texas oil company to restructure
Houston (UPI) May 19, 2016
A Texas oil company working in the state shale basins, as well as those in North Dakota, said it was working to eliminate its debt through a restructuring plan. Halcon Resources Corp., which has headquarters in Texas, announced it settled on the terms to restructure its balance sheet through bankruptcy. "The restructuring plan, if implemented, will result in the elimination of approximately $1.8 billion of debt," the company said in a statement. Energy companies continue to face p ... read more

Previous Issues

May 19

May 18

May 17

May 16

Fires strip away shine of Canada's oil eldorado The Western Canadian province of Alberta, in the grip of massive forest fires, was the nation's economic engine before the oil rout. ... more		Saudi Arabia's economy is slowing The economy of Saudi Arabia is expected to slow down noticeably as a result of lower oil prices, though the fiscal policies are adapting, the IMF said Thursday. ... more		Oil prices turn lower on growth concerns from Europe Crude oil prices, turning lower following comments from the U.S. Federal Reserve Board, dropped further Thursday amid European concerns of subdued growth. ... more
				Norway opens new Arctic zones to oil exploration Norway awarded Arctic drilling licences to 13 oil companies on Wednesday, including in a hitherto unexplored part of the Barents Sea, drawing condemnation from environmental groups. ... more		Gazprom confident Nord Stream II will get built Despite regional reservations, Russia's Gazprom said expanding a Baltic Sea gas pipeline would add another layer of reliability for European energy markets. ... more

Transition from Operations to Decommissioning by Preparing a Safe, Cost-Effective Shut Down and Waste Management Strategy

Gazprom trimming plans for eastward pipeline Russian energy company Gazprom said Thursday it was trimming its construction plans on a natural gas pipeline to the Far East in order to save capital. ... more		Venezuela opposition pressures Maduro after protests Venezuela's opposition on Thursday kept pressure on beleaguered President Nicolas Maduro after protests demanding his ouster amid a mounting political and economic crisis. ... 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		Technip, FMC to merge into $13 bln oil services firm Oil and gas services companies Technip of France and the American FMC Technologies said Thursday they have agreed to merge, creating one of the world's top companies in a sector battered by low energy prices. ... more
				Oil prices sink on demand pressures Crude oil prices moved lower in early Tuesday trading after U.S. data showed the consumer price index increased at its fastest pace in more than three years. ... more		Jordan aims to draw investors to energy sector The Jordanian government is putting a high priority on drawing investors into its emerging energy sector, the country's prime minister said. ... more

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

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

TransCanada to retool Keystone oil pipeline Pipeline company TransCanada said it aims to replace sections of the Keystone oil pipeline in the United States so it can operate at a higher pressure. ... more		Hit the road now, gas price watchers say U.S. retail gasoline prices have been relatively stable against an increase in oil prices, but are likely set for a rally in the coming days, analysis finds. ... 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)		Venezuela's army must choose constitution or Maduro: opposition leader The army in crisis-hit Venezuela has to choose whether it is "with the constitution or with (President Nicolas) Maduro," opposition leader Henrique Capriles said Tuesday. ... more
Canadian wildfire flareups force more oil region evacuations Wildfires continued their devastating advance on Tuesday, leading authorities to order more evacuations in Canada's oil sands region surrounding the city of Fort McMurray. ... more		Russia close to privatizing oil company The privatization of Russian oil company Bashneft may be developing as early as the first part of this year, a development minister said. ... more		Shell working on repairs after Gulf of Mexico spill A fleet of vessels was deployed in the U.S. Gulf of Mexico and repair work is underway in response to the spill of 2,100 barrels of oil, Shell said. ... more		Statoil to help tap Turkish gas Norwegian energy company Statoil said Monday it signed an agreement with a Canadian exploration company to help explore the shale gas potential in Turkey. ... more

	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 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

North Dakota rig count at lowest since 2005		Canadian oil services start to return		Saudi Arabia's credit rating lowered		Shell: No oil expected to reach shore		Microwaved nanoribbons may bolster oil and gas wells
Russia sees oil market balance in 2017		OPEC: Energy industry spending to decline		US unveils first federal methane regulations		Seven dead in raid on Iraqi gas plant claimed by IS		Canada's oil production weakened by Fort McMurray fire

Oil prices fall on oversupply concerns

North Dakota oil production drops

More than 2,000 barrels of oil spilled in Gulf of Mexico

British Columbia may reap rewards from gas

More oil services back online in fire-ravaged Canada

Wintershall ready to start drilling

No call to sit with OPEC in June, Russia says

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

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