Oil and Gas News

June 23, 2016

OMV sets drilling record in Barents Sea
Vienna (UPI) Jun 22, 2016
Austrian energy company OMV said it set a drilling record with a horizontal appraisal well at an oil field in the northernmost waters of Norway. The company said it completed drilling of an appraisal well in the Wisting oil discovery in the Barents Sea. The well was the first of its kind in the Barents Sea and is positioned in the northernmost oil discovery in Norwegian waters. "The Wisting Central II well is the first horizontal appraisal well in the Barents Sea and has set a new ... read more

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Energy services company Subsea 7 trims payroll British energy services company Subsea 7 said it was trimming its labor force by more than 1,000 in an effort to adjust to the era of lower oil prices. ... more		Incoming OPEC leader says Nigeria returning to normal Nigerian crude oil production may be on the verge of recovery despite uncertainty surrounding a truce with Niger Delta militants, an official said. ... more		Oil tries to rally a day ahead of Brexit vote Crude oil prices recovered somewhat Wednesday on expectations of declining inventories, though uncertainty could upend the rally ahead of the Brexit vote. ... more
				Encana tightens belt in Canadian reserves The sale of more than 50,000 acres of land in the resource-rich northern parts of Alberta is part of an effort to streamline the portfolio of Encana Corp., the company said. ... more		Report: Truce brokered in Nigeria oil fields Nigerian media reported Tuesday the central government has brokered a 30-day truce with militants waging war on oil installations in the Niger Delta. ... more

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

One dead in North Dakota oil well accident One person is dead and two others are in critical condition following a fire at an oil installation at the heart of shale basins in North Dakota, a regulator said. ... more		Scientists moot 'green fracking' technique Adding CO2 instead of water to the cocktail used in fracking, could boost oil and gas extraction and help fight global warming at the same time, scientists said Tuesday. ... more		Ozone layer 'healing', on track to recover by mid-century: UN How mowing less lets flowers bloom along Austria's 'Green Belt' Oldest practice of smoke-dried mummification traced to Asia Pacific hunter gatherers		Colorado's economy okay, but under energy pressures Though budget forecasts are lower than initial projections, Colorado's governor said the revenue stream was strong considering the strains on the energy sector. ... more
				Offshore Egypt a win for Schlumberger With pressure on the sector easing, a subsidiary of field services company Schlumberger said it secured a multi-million dollar contract for offshore Egypt. ... more		Nigerian truce sends oil prices lower Crude oil prices turned lower early Tuesday following a truce brokered with Nigerian oil bandits, amid pleas from the British prime minister to stay in the EU. ... more

2nd Integrated Air and Missile Defense - Securing the Complex Air Domain: Requirements for Sustainable, Global, and Reliable Solutions to Next Generation Air & Missile Threats - 28-30 September, 2016 | Washington D.C.

The World's Largest Commercial Drone Conference and Expo - Sept 7-9 - Las Vegas

U.S. gas prices relatively low and stable With short-term supply disruptions easing, U.S. commuters this summer can expect some of the lowest gas prices in more than a decade, AAA said. ... more		'New' oil rebels spring from old in Nigeria's delta south The Niger Delta Avengers, a militant group that has been attacking Nigeria's oil infrastructure since early this year, is anything but new, according to those familiar with 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)		Rosneft on Putin's agenda in China A contractual arrangement extending possibly to Russian oil company Rosneft may be on the agenda for Russia's president as he heads to China, a report said. ... more
Marathon buys Oklahoma shale player U.S. oil major Marathon said Monday it spent $888 million to acquire a rival that has a strong portfolio in the shale oil basins of Oklahoma. ... more		BP moving fast on Egyptian gas British energy company BP said Monday it was putting a deepwater natural gas project in Egypt on the fast track to development. ... more		Oil-rich Oklahoma hit by 3.7 tremor A magnitude-3.7 hit central Oklahoma early Monday, the U.S. Geological Survey reported after several similar small tremors rocked the oil-rich state last week. ... more		No change in North Dakota rig count The number of rigs actively working on the shale basins of North Dakota was unchanged from last week despite a major late-week rally in oil prices, data show. ... more

	Oil rally continues into Monday Crude oil prices shrugged off concerns about the health of the Japanese economy and lingering European woes to carry a streak into a second day Monday. ... more		Hungary's MOL continues streak in Pakistan 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. ... more

North Korea declares nuclear statehood 'permanently enshrined'

Iran says enriched nuclear material 'under rubble' of facilities hit during Israel war

ArianeGroup to develop next-generation M51.4 missile for French nuclear deterrent

Houston facing recessionary strains from low oil price		Recession in Russia is more or less over, Putin says		Giant sinkholes near West Texas oil patch towns are growing		China's Sinopec seeks $5.5 bn in Repsol arbitration		Plains gets new order for Refugio oil spill
Oil snaps seven-session losing streak		U.S. consumer demand for gasoline high		Norway's oil production declines from April		Ukraine gas networks costly, Gazprom says		Niger Delta Avengers bombs another pipeline

Iran to build oil terminal with China

North Dakota oil output falls 6 percent

Canadian gas exports expected to drop

Devon Energy sells Texas assets to boost production

Oil prices continue steady drift away from $50

UK law firm faces payout over missing Trafigura compensation

Climate consequences of oil price uncertainty could be significant

Oklahoma's economy pressured, but holding steady

U.S. cuts in response to low oil to be the deepest

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

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