Oil and Gas News

June 15, 2016

Oil prices move lower even as demand pressures mount
New York (UPI) Jun 14, 2016
Crude oil prices took a nosedive Tuesday even after the International Energy Agency said demand was moving higher against short-term disruptions in supply. The IEA said in its monthly market report for June that it revised its global oil demand forecast for the year higher. First quarter demand was estimated at 1.6 million barrels per day, with a full-year average expected at 1.3 million bpd. "The growth rate is slightly above the previous trend, mostly due to relatively low crude oil pr ... read more

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Jun 08

U.S. pipeline law heads to Obama's desk In bipartisan fashion, U.S. lawmakers said a measure designed to improve oil and gas pipeline safety is now on its way to the president's desk. ... more		Midwest gas prices pull national average higher Retail gasoline prices are at their highest levels for the year, with Midwest markets skewing the U.S. average higher on pipeline and refinery issues, AAA said. ... more		Iran boasts of post-sanctions oil performance With Iranian crude oil production moving past what it was during the sanctions era, the government said it was now looking to ensure a strong market position. ... more
				Gulf Keystone lender relief extended again For the second time, Gulf Keystone Petroleum, a British company focused on Iraqi oil, said it extended an agreement with its lenders to consider its debt. ... more		Nigerian oil production at historic low Nigerian crude oil production in May was the lowest in more than a decade because of militant activity in the Niger Delta, a report from OPEC said. ... more

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

Rigs returning to service in North Dakota With a gain of three, the number of rigs actively exploring for or producing oil and natural gas in North Dakota is up 12 percent from last week, data show. ... more		Norway's oil economy down, but not out Despite a rebound in crude oil prices, the Norwegian government said it expects the economic pressures from the market downturn to linger. ... 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		Balance, Brexit concerns drag on oil prices Crude oil prices declined heavily in early trading Monday after OPEC data show the dynamics of global supply and demand remain unchanged. ... more
				Scotland to fund retraining for unemployed energy workers Oil and gas workers laid off during the market downturn can take part in teacher training to transition out of the energy sector, the Scottish government said. ... more		Iran confirms oil shipment for Shell A shipment of Iranian crude oil was sold to Royal Dutch Shell and talks are developing with other major oil companies, an Iranian official said Monday. ... 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

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		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		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)		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
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		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

	House moves bill to ensure oil, gas pipeline safety 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. ... more		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

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

Oil might not drive some economies long-term, IMF said		Statoil: New thinking needed for low-carbon economy		Industry survey finds support for energy funds		Texas oil and gas discoveries lower		Oil prices drop after three straight days of gains
Russia's Rosneft upbeat despite profit decline		Delek defends Leviathan gas reserve potential		U.S. shale gas production grows through 2040		Oil opens above $50 per barrel for the first time this year		Nigerian militant group says it's not talking

Chinese oil demand slips

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

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