Oil and Gas News

June 10, 2016

House moves bill to ensure oil, gas pipeline safety
Washington (UPI) Jun 9, 2016
House leaders announced the passage of a bill that would help fund federal regulatory efforts and authorize inquiries into leaks like the one in California. U.S. Rep. Fred Upton, R-Mich., chairman of the House Energy and Commerce Committee, said the so-called PIPES Act, which passed by a unanimous vote, moves to strengthen regulations that impact how more than 60 percent of the nation's oil and gas reserves are transported across the country. Upton's home state in 2010 suffered one of th ... read more

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Russian company brings more oil online in Iraq Production from three new wells brought online at the Badra oil field add to the total daily output from OPEC-member Iraq, a Russian field operator said. ... more		Oil might not drive some economies long-term, IMF said Particularly in the Middle East and Central Asia, lessons from the slump in crude oil prices suggest a revenue overhaul may be needed, the IMF said. ... more		Statoil: New thinking needed for low-carbon economy Even under the best-case scenario, Norwegian energy company Statoil said a radical transformation is needed to advance a global low-carbon economy. ... more
				Industry survey finds support for energy funds An industry survey of pension beneficiaries in the United States finds few told interviewers they would opt to move funds out of the oil and gas sector. ... more		Texas oil and gas discoveries lower State data from Texas show fewer new drilling permits were issued for and new discoveries of oil or natural gas were made in May than last year. ... more

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

Oil prices drop after three straight days of gains The rally in crude oil prices lost steam Thursday as markets pulled back to assess short-term outages that may be driving some of the recent momentum. ... more		Shell surrenders Canada Arctic rights to marine park plan 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. ... more		Half-billion-year-old parasite still threatens shellfish China increases lead in global remote sensing research as US share slips Robots gain guarded acceptance in elderly care if safety and trust align		Monitoring pipelines from space Dutch company Orbital Eye has developed a service that uses satellites to monitor gas and oil pipelines. A major African pipeline operator has already signed up for the service. Worldwide, gas and o ... more
				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

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

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		SpaceX to Acquire EchoStar AWS-3 Spectrum Licenses in $2.6 Billion Stock Deal Robotic exosuit designed to assist astronaut movement tested in simulated lunar mission OlmoEarth AI Platform Released to Expand Access to Planetary Data and Insights		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
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		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

China's new aircraft carrier enters service in key move to modernise fleet

Global tech tensions overshadow Web Summit's AI and robots

Senate Republicans defeat bill requiring Congress to approve attacking Venezuela

Demand pressures, refinery woes push gas prices higher		US top court rejects Ecuador challenge to $96 mln Chevron award		Suncor output to decline after Canada fires		Constructing shale gas sites		Four tremors recorded near Oklahoma shale
Moody's: Ghana could capitalize on oil and gas		North Dakota lost four rigs from last week		US top court rejects Ecuador challenge to $96 mn Chevron award		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

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