Oil and Gas News

June 20, 2016

Hungary's MOL continues streak in Pakistan
Budapest, Hungary (UPI) Jun 17, 2016
Hungarian energy company MOL said Friday it made a new discovery of oil and gas in Pakistan, bringing the total there so far to an even dozen. Operating through a national subsidiary in Pakistan, the company said its discovery in the so-called TAL block in Pakistan is No. 8 so far in that basin and No. 12 in its history in the country. MOL has worked in Pakistan for the last 17 years. "We are very proud of our 8th discovery in the MOL-operated TAL block," Berislav Gaso, MOL's chief offic ... read more

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Houston facing recessionary strains from low oil price Lingering strains for a weak oil economy means the Texas city of Houston may be on the brink of recession, a report from a federal reserve bank said. ... more		Recession in Russia is more or less over, Putin says Even though oil prices remain low compared with 2014 levels, the Russian economy has adapted and is the path toward growth, the president said. ... more		China's Sinopec seeks $5.5 bn in Repsol arbitration Chinese energy firm Sinopec is demanding around $5.5 billion (4.9 billion euros) in arbitration from Spanish energy giant Repsol over a North Sea oil and gas fields joint venture, Repsol said Friday. ... more
				Plains gets new order for Refugio oil spill Plains All American must install a range of safety features on the oil pipelines that soiled a California beach before a restart, a U.S. regulator said. ... more		Oil snaps seven-session losing streak Crude oil prices moved higher in early Friday trading, though much of that may be a corrective action following a seven-day losing streak. ... more

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

U.S. consumer demand for gasoline high With gasoline prices still below what they were last year, U.S. consumer demand moved higher by about 2 percent, an industry report said. ... more		Norway's oil production declines from April Crude oil production from Norway came in lower in May than for April, but was still up 2 percent year-on-year, government data released Friday show. ... 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		Giant sinkholes near West Texas oil patch towns are growing 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 sp ... more
				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

Directed Energy And Next Generation Munitions - 20-22 June - Washington DC

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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		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)		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
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		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		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

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

Opposition to British fracking plans swells		Rosneft says it's bigger than Gazprom		Oil prices take a beating		Conoco given protection order after Alberta release		Oil prices move lower even as demand pressures mount
U.S. pipeline law heads to Obama's desk		Midwest gas prices pull national average higher		Iran boasts of post-sanctions oil performance		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

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