Oil and Gas News

June 02, 2016

Iran's oil already factored in, minister says
Tehran (UPI) Jun 1, 2016
The global market for crude oil is moving closer toward balance, suggesting Iran's return had already been factored in, the country's oil minister said. Total crude oil production from members of the Organization of Petroleum Exporting Countries for April, the last full month for which data are available, was 32.4 million barrels per day, about 180,000 bpd higher than for March. Increased production from member states Iraq and Iran offset declines in Kuwait and Nigeria. According to OPEC ... read more

Previous Issues

Jun 01

May 31

May 30

May 27

May 26

Canada's Husky Energy making money Canadian company Husky Energy said it's streamlined its portfolio to the point that it can keep production going if oil sells for about $30 per barrel. ... more		Lundin cleared for bigger stake offshore Norway The Norwegian government has signed off on a deal that gives Swedish company Lundin Petroleum a greater stake in offshore resources. ... more		Chevron wells attacked in Niger Delta Some of Chevron's highest producing assets in the Niger Delta were blown up early Wednesday, the regional militant group Niger Delta Avengers claimed on social media. ... more
				Total returns second Danish shale gas licence French energy group Total has returned the second of two shale gas licences to Denmark after disappointing test drilling results, the Danish government said on Wednesday ... more		Summer cheap for U.S. drivers, AAA finds Summer for U.S. commuters starts off with some of the lowest prices at the pump in a decade, though Midwest drivers are missing out, a retail survey finds. ... more

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

Slow economic growth tugs on oil prices Crude oil prices turned lower in early Wednesday trading amid expectations of a status quo policy from OPEC and prospects of a global economy stuck in low gear. ... more		Russia expects economic growth in a year It may be another year before the Russian economy recovers from deep recession and returns to growth, the country's economic development minister said. ... 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		Sudan to 'firmly deal' with airspace violations Sudan's military said Wednesday it will "firmly deal" with breaches of its airspace after citing two violations last month by a plane belonging to global aid groups. ... more
				'Dirty Blizzard' sent 2010 Gulf oil spill pollution to seafloor Scientists working in the Gulf of Mexico have found that contaminants from the massive 2010 Deepwater Horizon oil spill lingered in the subsurface water for months after oil on the surface had been ... more		Parts of Alberta oil industry returning to normal after wildfire With oil installations resuming normal operations, the provincial government of Alberta said it was ready for phased re-entries into fire-damaged Fort McMurray. ... 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

Putin envisions common Eurasian energy market A common market for oil and gas will be on the agenda for the Russian president during talks before a regional summit in Kazakhstan, the Kremlin said. ... more		Nigeria's president to visit restive oil region Muhammadu Buhari will this week make his first visit as president to Nigeria's oil-producing south, which has been riven by an upsurge in violence from militants, his office said Tuesday. ... 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)		Oil prices wobble as traders await OPEC, China data World oil prices diverged Tuesday but held below the key level of $50 per barrel, as traders eyed this week's crucial OPEC oil meeting and key Chinese data. ... more
Oil prices get modest lift off U.S. income data An increase in personal income in the United States help add momentum to a rally in crude oil, with prices holding near the $50 per barrel mark early Tuesday. ... more		UN to track arms flows to South Sudan The UN Security Council on Tuesday requested a special report about weapons flows to South Sudan after major powers failed to agree on imposing an arms embargo on the war-torn country. ... more		North Dakota rig count up more than 10 percent North Dakota saw the number of rigs activity exploring for or producing oil and gas increase by more than 10 percent from last week, state data show. ... more		Norway's CO2 emissions up because of energy work New energy work that began last year in Norwegian territorial waters led to an increase in emissions of carbon dioxide, a greenhouse gas, the government said. ... more

	Cheap commutes in store for Memorial Day travelers Even though prices at the pump have been on a steady rise, the U.S. government said Memorial Day travelers are saving big money this time around. ... more		Texas production levels on the rise Texas oil production for March was up 1 percent from the previous month, state data show, as crude oil prices staged a sustained recovery. ... 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

Islamic State losing revenue, IHS finds		Maersk adds new rig to its fleet		Goodbye $50: Oil prices fall back to Earth		Nigerian militant group marks Children's Day		Trump says no to OPEC, yes to Keystone XL
Old jobs die hard in China's rustbelt		Barium leaches directly from fracked rocks, Dartmouth team finds		Small offshore oil spills put seabirds at risk		Scientists discover methane-producing microbes in California rocks		Trump would approve Keystone pipeline blocked by Obama

Moody's: Persian Gulf economies strained

We warned you, Nigerian militant group tells Chevron

Trump heads to shale country

European energy market still on Putin's radar

Santos making more LNG

Hello, $50: Oil prices break threshold

Oil sands industry a major source of air pollution, study finds

Baker Hughes streamlines structure

Earthquake insurance latest concern in oil-rich Oklahoma

Shell cuts more than 2,000 jobs

Petronas: Nothing to Russian talks

ExxonMobil, Chevron investors defeat climate resolutions

BP wades deeper into Azeri waters

Oil prices making a run at nifty fifty

Alberta presses carbon levy as fire threat to oil fades

No recession for Texas, economist says

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

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