Oil and Gas News

June 08, 2016

Shell says it's ready for change
The Hague, Netherlands (UPI) Jun 7, 2016
Royal Dutch Shell is positioning itself as a stronger company as it moves through the market downturn and changing energy landscape, the CEO said Tuesday. "I see important opportunities for Shell from the substantial and lasting changes underway in the energy sector," CEO Ben van Beurden said in a statement. Shell said it was leaving oil and gas operations in as many as 10 countries, while focusing more heavily on gas-rich Australia and shale opportunities in the United States. Van Beurd ... read more

Previous Issues

Jun 06

Jun 03

Jun 02

Jun 01

North American oil sector weathering storm Even though a weakened oil economy means lower production, North American markets are secure enough to weather the storm, analysts said. ... more		Don't leave energy funds, industry group says A growing move in the United States to divest from oil and gas investments is a knee-jerk reaction that could jeopardize long-term values, an energy group said. ... more		Oil's rally beyond $50 per barrel endures Crude oil prices extended their rally beyond $50 per barrel Tuesday as demand pressures build up against supply outages, though underlying pessimism endures. ... more
				Nigeria working to distribute oil wealth With an oil sector under militant threat, the Nigerian government said it would develop strategies to improve its business climate to the benefit of the people. ... more		Demand pressures, refinery woes push gas prices higher Increased demand and pressure on the nation's refineries have left U.S. consumers paying the highest so far this year for gasoline, a market report finds. ... more

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

US top court rejects Ecuador challenge to $96 mln Chevron award The US Supreme Court on Monday rejected Ecuador's appeal against a $96 million award it has been ordered to pay Chevron in a dispute over the development of oil fields in exchange for cheap domestic crude. ... more		Suncor output to decline after Canada fires Canada's leading oil company Suncor will produce less crude than planned after massive forest fires in the city of Fort McMurray, Alberta delayed operations last month, the firm said Monday. ... 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		Constructing shale gas sites Extracting gas from shale rock not only causes environmental disturbances below ground, the surface infrastructure required to drill the wells can cause a variety of problems above ground, from frag ... more
				Four tremors recorded near Oklahoma shale Four minor earthquakes were reported in and around the shale reserve basins in Oklahoma in the last 24 hours, the U.S. Geological Survey found. ... more		Moody's: Ghana could capitalize on oil and gas The potential for higher oil and gas production in Ghana may help spur economic recovery at a time of mounting debt, Moody's Investors Service said. ... 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

North Dakota lost four rigs from last week North Dakota energy trajectory shifted direction, losing rigs after showing a dramatic increase during the last week in May, state data for Monday show. ... more		US top court rejects Ecuador challenge to $96 mn Chevron award The US Supreme Court on Monday rejected Ecuador's appeal against a $96 million award it has been ordered to pay Chevron in a dispute over the development of oil fields in exchange for cheap domestic crude. ... 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)		Plans evolve for New Zealand reserves MEO Australia Ltd. said it brought on a new joint venture partner for New Zealand reserves that's already focused the bulk of its spending plans on the country. ... more
Hercules Offshore to sell assets in bankruptcy U.S. rig company Hercules Offshore said Monday it was returning to Chapter 11 bankruptcy and now planning to sell off all of its assets. ... more		Supply outages cause crude oil price spike Global supply outages emerged as contributing factors to a steep spike in crude oil prices Monday, though underlying metrics may point to stability. ... more		Hydraulic fracturing chemical spills on agricultural land need scrutiny Hydraulic fracturing, a widely used method for extracting oil and gas from otherwise impenetrable shale and rock formations, involves not only underground injections composed mostly of water, but al ... more		Schlumberger adds to portfolio with another acquisition Rig services company Schlumberger said the acquisition of a Houston-based systems company is part of a long-term strategy to build depth of service. ... more

	Russia not surprised by OPEC A move to keep policies more or less in place during Thursday's highly anticipated meeting between OPEC leaders was no surprise, Russia's oil minister said. ... more		U.S. labor data pulls oil prices back from $50 The price of crude bounced back below the $50 mark Friday after the latest figures from the U.S. Labor Department suggested growth may have peaked. ... 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

Ireland sees interest in offshore reserves		Platform build evolving for giant Norwegian oil field		Niger Delta Avengers claims benevolence		32 troops killed in Niger clash with Boko Haram jihadists		Michigan anti-fracking effort stalled
Texas economy showing some confidence		Helicopter involved in April wreck for Statoil suspended		IEA finds new challenges for renewables		Steady OPEC, ECB, pull oil prices lower		Despite oil's recovery, Norway still facing downturn

Nigeria launches clean-up in devastated oil spill region

Nigeria's Buhari cancels trip to restive oil region

IHS: Oil, U.S. leverage may be linked

Iran's oil already factored in, minister says

Canada's Husky Energy making money

Lundin cleared for bigger stake offshore Norway

Chevron wells attacked in Niger Delta

Total returns second Danish shale gas licence

Summer cheap for U.S. drivers, AAA finds

Slow economic growth tugs on oil prices

Russia expects economic growth in a year

Sudan to 'firmly deal' with airspace violations

'Dirty Blizzard' sent 2010 Gulf oil spill pollution to seafloor

Parts of Alberta oil industry returning to normal after wildfire

Putin envisions common Eurasian energy market

Nigeria's president to visit restive oil region

Oil prices wobble as traders await OPEC, China data

Oil prices get modest lift off U.S. income data

UN to track arms flows to South Sudan

North Dakota rig count up more than 10 percent

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