Oil and Gas News

May 27, 2016

Old jobs die hard in China's rustbelt
Daqing, China (AFP) May 26, 2016
Once the pride of Communist rulers and now hit by a global glut and slowing domestic growth, China's largest oilfield epitomises Beijing's reluctance to cut jobs at loss-making state-run operations. Thousands of oil pumps painted black, yellow and red stretch to the horizon in Daqing, which has produced more than two billion tonnes of the black gold since it started flowing almost 60 years ago. But many are now motionless, with production cut and the city suffering its first economic contraction ... read more

Previous Issues

May 26

May 25

May 24

May 23

May 20

Scientists discover methane-producing microbes in California rocks Deep in vents on the ocean floor, methane-producing microbes feed off chemical reactions between water and rock. Now evidence of this process has been found on land in a freshwater spring in Califor ... more		Trump would approve Keystone pipeline blocked by Obama Donald Trump said Thursday that if he is elected US president, he would support the Canadian Keystone oil pipeline project that was blocked by President Barack Obama on environmental grounds. ... more		Moody's: Persian Gulf economies strained Fiscal reforms are just part of the picture for Middle East economies working to adapt to an era of lower crude oil prices, Moody's Investors Service said. ... more
				We warned you, Nigerian militant group tells Chevron A militant group in the Niger Delta said it targeted a Chevron pipeline in the region after the company failed to heed a warning issued in mid-May. ... more		Trump heads to shale country Republican presidential candidate Donald Trump delivers the keynote address Thursday at a petroleum conference in North Dakota, the schedule shows. ... more

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

European energy market still on Putin's radar Working with the Greek government, Russian President Vladimir Putin said his country could make regional energy aspirations for Europe a possibility. ... more		Santos making more LNG Australian energy company Santos said it started producing more liquefied natural gas from a project on Curtis Island that could feed a growing Asian market. ... 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		Hello, $50: Oil prices break threshold Improvements in the U.S. labor sector and seasonal demand pressures pushed the price of crude above the $50 mark for the first time this year early Thursday. ... more
				Oil sands industry a major source of air pollution, study finds Tar sands oil, sometimes called the dirtiest oil in the world, is mostly thought of as a threat to water sources, though new research suggests oil sands operations are a large source of air pollution. ... more		Baker Hughes streamlines structure Oil services company Baker Hughes said structural and leadership changes were made in a way that it said could help simplify operations and lower costs. ... more

Directed Energy And Next Generation Munitions - 20-22 June - Washington DC

The World's Largest Commercial Drone Conference and Expo - Sept 7-9 - Las Vegas

Barium leaches directly from fracked rocks, Dartmouth team finds Dartmouth College researchers are shedding light on the early chemical reactions in the organic sediments that would ultimately become the Marcellus Shale, a major source of natural gas and petroleu ... more		Earthquake insurance latest concern in oil-rich Oklahoma The state government in the shale state of Oklahoma said it was concerned about the lack of competition in the market for earthquake insurance. ... 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)		Shell cuts more than 2,000 jobs At least 2,200 additional jobs will be trimmed from the payroll as the industry struggles to move through the downturn, a Shell official said from Scotland. ... more
Petronas: Nothing to Russian talks Malaysian energy company Petronas said it was not the target of a sale of its assets or any of its stakes to counterparts in the Russian energy sector. ... more		ExxonMobil, Chevron investors defeat climate resolutions ExxonMobil and Chevron investors sided with the oil giants on climate change at annual meetings on Wednesday, rejecting shareholder resolutions to push Big Oil in a greener direction. ... more		BP wades deeper into Azeri waters An Azeri energy company said it signed an agreement with BP that was billed as part of a national effort to explore fully all of its reserves offshore. ... more		Oil prices making a run at nifty fifty Temporary supply outages left oil spilling out of storage to push oil prices to their highest level of the year Wednesday, running quickly toward $50 per barrel. ... more

	Alberta presses carbon levy as fire threat to oil fades As wildfires smoldered in oil-rich areas of the province, Alberta's government said it was proposing a tax regime that would help create a greener economy. ... more		No recession for Texas, economist says 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. ... 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

No luck for DNO onshore Oman		Supply nervousness pulls oil prices higher		Regional markets show variability for U.S. gasoline prices		Oil attacks in Nigeria's south hit power, water supply		IMF loan gives net win for oil-rich Iraq
Baseline sought for British fracking efforts		Shareholders vote climate test for ExxonMobil, Chevron		Canadian oil sands cleared for re-entry near fire-ravaged Fort McMurray		Supply pressures ease to pull oil prices lower		Statoil cancels Norwegian Sea rig contract

North Dakota rig count low sets new record

Win secured for Israeli gas

Eni facilities attacked again in Nigeria

Fire threat to Alberta oil sands easing

Gas-rich Myanmar still under sanctions pressure

Canadian energy direction tested by Trans Mountain pipeline

Oil prices slip as Canada fires ebb

Evacuation lifted for oil sites threatened by Canada fires

Norway oil production 3 percent higher than expected

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

Buy Advertising

Media Advertising Kit

Editorial & Other Enquiries

Privacy statement

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.