Oil and Gas News

June 16, 2016

Climate consequences of oil price uncertainty could be significant
Vienna, Austra (SPX) Jun 16, 2016
Sustained high (US$110-120 per barrel) or low (US$40-55 per barrel) oil prices could have an important impact on future carbon dioxide emissions, according to a new study published in the journal Nature Energy. The magnitude of the impact is found to depend not just on oil prices, but also on other uncertainties connected to energy supply and demand technologies, alternative resources and climate policy. Based on the authors' calculations, the emissions differences resulting from vastly diverging ... read more

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Oklahoma's economy pressured, but holding steady The economic outlook for the state of Oklahoma is negative as the revenue stream ebbs as a result of lower oil prices, Moody's Investors Service. ... more		U.S. cuts in response to low oil to be the deepest The deepest cuts in spending in the oil sector are coming out of the shale basins in the Lower 48 U.S. states, an analysis from Wood Mackenzie found. ... more		Opposition to British fracking plans swells A British environmental advocacy group said more than 150,000 signatures were added to a petition sent to the government against hydraulic fracturing plans. ... more
				Rosneft says it's bigger than Gazprom In terms of total dollar market value, Russian oil company Rosneft said it's well ahead of its other counterparts in the nation's energy sector. ... more		Oil prices take a beating Pessimism about the strength of the oil market recovery and concerns over the consequences of the so-called Brexit strategy dragged oil prices lower Wednesday. ... more

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

Conoco given protection order after Alberta release An Alberta regulator issued an environmental protection order to Conoco Phillips after a leak from a natural gas plant soiled a nearby waterway. ... more		Oil prices move lower even as demand pressures mount Crude oil prices took a nosedive Tuesday even after the International Energy Agency said demand was moving higher against short-term disruptions in supply. ... 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		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

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

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		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)		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		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

	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

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

Russia sees economic growth as "imminent"		European woes dampen rally for oil prices		Russian LNG gets financial support		Alberta mounts low-carbon offensive		BP creates Norwegian oil, gas major
House moves bill to ensure oil, gas pipeline safety		Russian company brings more oil online in Iraq		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

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