Oil and Gas News

June 17, 2016

Giant sinkholes near West Texas oil patch towns are growing
Dallas TX (SPX) Jun 17, 2016
Residents of Wink and neighboring Kermit have grown accustomed to the two giant sinkholes that sit between their small West Texas towns. But now radar images taken of the sinkholes by an orbiting space satellite reveal big changes may be on the horizon. A new study by geophysicists at Southern Methodist University, Dallas, finds the massive sinkholes are unstable, with the ground around them subsiding, suggesting the holes could pose a bigger hazard sometime in the future. The two sinkholes - abou ... read more

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Ukraine gas networks costly, Gazprom says It will be less expensive for Russian natural gas to move through a pipeline system in the Baltic Sea than through Ukraine, a Gazprom official said. ... more		Niger Delta Avengers bombs another pipeline The assault on oil installations in the Niger Delta continued Thursday with a group taking credit for blowing up a pipeline run by a national oil company. ... more		Iran to build oil terminal with China A $550 million contract with a Chinese partner envisions the construction of a new oil loading terminal in the Persian Gulf, Iranian media reported. ... more
				North Dakota oil output falls 6 percent The decline in crude oil prices is the primary reason that production from North Dakota shale basins fell 6 percent, a state regulator said. ... more		Canadian gas exports expected to drop Even with the addition of exports of liquefied natural gas, exports from Canada are expected to drop off substantially in the years ahead, a regulator said. ... more

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

Devon Energy sells Texas assets to boost production For nearly $1 billion, U.S. shale oil player Devon Energy said it sold some of its Texas assets in an effort to build output from core parts of its portfolio. ... more		Oil prices continue steady drift away from $50 Crude oil prices extended their losses in early Thursday trading after the International Monetary Fund warned global economic growth was lopsided. ... 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		UK law firm faces payout over missing Trafigura compensation Thousands of people due payouts over the dumping of toxic waste by oil-trading group Trafigura in Ivory Coast won their English High Court claim against their lawyers on Thursday, having never received their money. ... more
				Climate consequences of oil price uncertainty could be significant 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 Na ... more		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

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. 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		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)		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		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		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

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

Gulf Keystone lender relief extended again		Nigerian oil production at historic low		Rigs returning to service in North Dakota		Norway's oil economy down, but not out		Balance, Brexit concerns drag on oil prices
Scotland to fund retraining for unemployed energy workers		Iran confirms oil shipment for Shell		Jobs losses mount for British oil and gas		Attacks hit one of Nigeria's main oil pipelines		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

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