Oil and Gas News

May 24, 2016

Chemists settle longstanding debate on how methane is made biologically
Richland WA (SPX) May 24, 2016
Like the poet, microbes that make methane are taking chemists on a road less traveled: Of two competing ideas for how microbes make the main component of natural gas, the winning chemical reaction involves a molecule less favored by previous research, something called a methyl radical. Reported in the journal Science, the work is important for understanding not only how methane is made, but also how to make things from it. "Methane is an interesting substance because it's both a fossil fuel and a ... read more

Previous Issues

May 23

May 21

May 20

May 19

May 18

Supply pressures ease to pull oil prices lower Crude oil prices retreated into negative territory Monday after supply constraints eased in Canada and optimism resurfaced in war-torn, and oil-rich, Libya. ... more		Statoil cancels Norwegian Sea rig contract Norwegian energy company Statoil said it canceled relocation plans for a drilling rig from Canada to the Norwegian Sea following field delay decisions. ... more		North Dakota rig count low sets new record State data in North Dakota show the number of rigs searching for or producing oil and gas as of Monday broke a record low set more than 10 years ago. ... more
				Win secured for Israeli gas Partners aiming to exploit the rich natural gas reserves offshore Israel said they would take the steps ... more		Eni facilities attacked again in Nigeria Italian energy company Eni confirmed Monday that some of its infrastructure in Nigeria was once again the target of a militant attack. ... more

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

Fire threat to Alberta oil sands easing Municipal authorities in Alberta said they were permitting a phased re-entry for some energy company employees as the wildfire threat evolves. ... more		Gas-rich Myanmar still under sanctions pressure With energy companies examining the reserve potential in a re-emerging Myanmar, the country's foreign minister said she's not afraid of sanctions. ... 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		Canadian energy direction tested by Trans Mountain pipeline Despite a report showing conventional energy could help the regional economy, Vancouver's mayor said a nod for an oil pipeline in the region is a "bad deal." ... more
				Oil prices slip as Canada fires ebb Oil prices slipped on Friday as the forest fires menacing Canada's oil sands region were contained, but the market remained generally firm amid growing expectations of a demand pickup. ... more		Evacuation lifted for oil sites threatened by Canada fires Officials on Sunday lifted the evacuation order for several oil production sites north of Fort McMurray, the city threatened by massive Canadian wildfires, but stopped short of allowing production to resume. ... 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

Norway oil production 3 percent higher than expected As oil prices rise on market balance sentiment, the Norwegian government said oil production in April was 3 percent higher than expected. ... more		International concern mounts over Venezuela International concerns are mounting over the economic and political crisis in Venezuela, where the military on Saturday was holding a second day of exercises ordered by embattled President Nicolas Maduro. ... 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		Iraqi-focused oil company reviewing debt options Gulf Keystone Petroleum, a British company focused on Iraqi oil, said it extended an agreement with its lenders until the end of May to consider its debt. ... more
LNG, Asia part of Gazprom's diversification strategy Delivering more natural gas to expanding Asian economies is a central part of a portfolio diversification scheme, Russian energy company Gazprom said. ... more		Company indicted over massive California oil spill A pipeline company has been indicted on criminal charges over a massive California oil spill last year that forced the shutdown of beaches and killed hundreds of animals, authorities said on Tuesday. ... more		Pipeline company blamed directly for Refugio Beach, Calif., oil spill Preventable errors on the part of Plains All American Pipeline led to last year's oil spill at a beach in California, the U.S. transportation secretary said. ... more		Natural gas reserves increase for Myanmar Australian energy company Woodside said it raised its reserve estimate for natural gas offshore Myanmar at a time when sanctions pressures are easing. ... more

	Texas oil company to restructure 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. ... more		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

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

Saudi Arabia's economy is slowing		Oil prices turn lower on growth concerns from Europe		Norway opens new Arctic zones to oil exploration		Gazprom confident Nord Stream II will get built		Gazprom trimming plans for eastward pipeline
Venezuela opposition pressures Maduro after protests		Technip, FMC to merge into $13 bln oil services firm		Canada wildfires destroy oil workers' lodge		Jordan aims to draw investors to energy sector		TransCanada to retool Keystone oil pipeline

Hit the road now, gas price watchers say

Venezuela's army must choose constitution or Maduro: opposition leader

Canadian wildfire flareups force more oil region evacuations

Russia close to privatizing oil company

Shell working on repairs after Gulf of Mexico spill

Oil prices sink on demand pressures

Statoil to help tap Turkish gas

Oil prices move closer to $50 per barrel on supply fears

BP takes stronger role in North Sea gas

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

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