Oil and Gas News

June 13, 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		Jobs losses mount for British oil and gas As many as 40,000 jobs in the British oil and gas sector could vanish by the end of the year as the strains from the low price of oil mount, a group said. ... more

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

Attacks hit one of Nigeria's main oil pipelines Just days after a new militant group emerged, the entity calling itself the Niger Delta Avengers said it blew up one of the main oil pipelines in the region. ... more		Russia sees economic growth as "imminent" Russia's economy could show signs of recovery by the second half of 2016, assuming an average annual oil price of $40 per barrel, the Central Bank said. ... 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		European woes dampen rally for oil prices Crude oil prices threatened to drift back below $50 per barrel Friday on concerns major world economies have yet to put the recession behind them. ... more
				Russian LNG gets financial support The leader of a Russian liquefied natural gas project targeting the Asia-Pacific market said it received its first tranche of a loan from national lenders. ... more		Alberta mounts low-carbon offensive Still reeling from wildfires that hampered its oil sector, Alberta's government said it was now forming a study panel to help with a low-carbon transition. ... 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

BP creates Norwegian oil, gas major British energy company BP said it was teaming up with a Norwegian counterpart to create what's designed to be one of the biggest regional producers. ... 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		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		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
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		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

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

Shell surrenders Canada Arctic rights to marine park plan		Monitoring pipelines from space		Shell says it's ready for change		North American oil sector weathering storm		Don't leave energy funds, industry group says
Oil's rally beyond $50 per barrel endures		Nigeria working to distribute oil wealth		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

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