Oil and Gas News

May 25, 2016

No recession for Texas, economist says
Dallas (UPI) May 24, 2016
Even though oil prices remain far below their peaks from two years ago, the oil-rich state of Texas is not headed for recession, a state economist said. Texas is the No. 1 oil producer in the United States and lower crude oil prices are taking a toll on the state economy. In early May, the Federal Reserve Bank of Dallas said job growth during the first quarter of the year was 1.1 percent, compared with 3.7 percent growth in 2014, when the price for crude oil was above $100 per barrel. So ... read more

Previous Issues

May 24

May 23

May 20

May 19

May 18

No luck for DNO onshore Oman Norwegian energy company DNO said it was giving up on a program in Oman, which is among the largest oil producers outside of OPEC. ... more		Supply nervousness pulls oil prices higher Supply-side constraints put renewed momentum behind a rally in crude oil prices for Tuesday even as some production returns to ease lingering concerns. ... more		Regional markets show variability for U.S. gasoline prices Higher fuel production in the western United States and refinery issues in the Midwest make for two different retail scenarios, market analysis finds. ... more
				Oil attacks in Nigeria's south hit power, water supply Militant attacks in Nigeria's oil-producing south have caused water supplies to be turned off in the country's commercial hub and biggest city, Lagos, the state government said on Tuesday. ... more		IMF loan gives net win for oil-rich Iraq Though a loan agreement with the IMF should help, Iraq will continue to face economic headwinds because of issues in the oil sector, Moody's said. ... more

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

Baseline sought for British fracking efforts A British geological organization said it was working to set an environmental baseline to serve as a basis for weighing the impacts of hydraulic fracturing. ... more		Shareholders vote climate test for ExxonMobil, Chevron Investors of ExxonMobil and Chevron vote at annual shareholder meetings Wednesday on whether the two oil giants should do more to address climate change following a historic global climate agreement. ... 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		Canadian oil sands cleared for re-entry near fire-ravaged Fort McMurray With wildfires in Canada making their way east, provincial authorities in Alberta said the oil-rich parts of the region are cleared for operations. ... more
				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

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

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		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)		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
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		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		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

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

International concern mounts over Venezuela		Iraqi-focused oil company reviewing debt options		LNG, Asia part of Gazprom's diversification strategy		Company indicted over massive California oil spill		Pipeline company blamed directly for Refugio Beach, Calif., oil spill
Natural gas reserves increase for Myanmar		Texas oil company to restructure		Fires strip away shine of Canada's oil eldorado		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

Humans have been causing earthquakes in Texas since the 1920s

Russian researchers developed an ecological method for cleaning lakes from oil

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

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