Oil and Gas News

June 09, 2016

Shell surrenders Canada Arctic rights to marine park plan
Ottawa (AFP) June 8, 2016
Shell Canada said Wednesday it has surrendered its offshore oil exploration licenses in the Canadian Arctic, paving the way for the creation of a protected marine park for whales, walruses and seals. The Anglo-Dutch group, which had already withdrawn from exploration in Alaska and Norway, handed over its rights to drill in the area east of Lancaster Sound to the Nature Conservancy of Canada. In turn, the environmental group gave them back to the government of Canada to facilitate the creation of ... read more

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Jun 08

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Jun 06

Jun 03

Jun 02

Russia's Rosneft upbeat despite profit decline Russian oil company Rosneft said Wednesday it still had a steady stream of operating cash flow despite a 75 percent drop in net profits. ... more		Delek defends Leviathan gas reserve potential Partners aiming to develop the Leviathan gas field off the coast of Israel said they can exploit the full potential amid questions about reserve estimates. ... more		U.S. shale gas production grows through 2040 Natural gas from shale basins in the United States accounts for more than half of the total production through 2040 to support more exports, a report finds. ... more
				Oil opens above $50 per barrel for the first time this year An expected dip in U.S. oil production and seasonal inventory declines stimulated a rally in oil prices Wednesday, though long-term trajectory is uncertain. ... more		Nigerian militant group says it's not talking A group in Nigeria that's declared war on oil companies operating in the Niger Delta denied any outreach with the central government in Abuja. ... more

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

Chinese oil demand slips Oil demand in China, a leading global economy, contracted for the third straight month in part because of economic slowdown, data analysis found. ... more		Shell says it's ready for change 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. ... 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		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

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

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		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)		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		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

	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

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

Plans evolve for New Zealand reserves		Hercules Offshore to sell assets in bankruptcy		Supply outages cause crude oil price spike		Hydraulic fracturing chemical spills on agricultural land need scrutiny		Schlumberger adds to portfolio with another acquisition
Russia not surprised by OPEC		U.S. labor data pulls oil prices back from $50		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

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