Oil and Gas News

June 27, 2016

Increase In U.S. Rig Count Will Not Cap Oil Prices
London, UK (SPX) Jun 24, 2016
The impact of rising oil prices on North American light tight oil (LTO) production is said to be a "Catch 22", the title of Joseph Heller's popular 1961 novel set in WWII. The premise was you could get out of the army if you were crazy but you weren't crazy to try to get out of the army. So this avenue to escape the war didn't work for the book's main character John Yossarian. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. With WTI back abov ... read more

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World Bank: Uganda could get rich on oil Uganda could dramatically overhaul its economy with the right management policies in place by the time oil starts flowing in 2018, the World Bank said. ... more		Investigations ongoing in latest California oil spill City officials in Ventura, Calif., said they're still investigating the cause of the release of 700 barrels of oil from a pump station run by Crimson Pipeline. ... more		Sky falls on oil, world markets, on Brexit Oil prices, along with global stock markets, suffered one of their worst slides in recent history Friday following the British vote to leave the European Union. ... more
				British oil industry calls for unity post-EU An industry group in the British oil and gas sector called for unity Friday in order to minimize the impacts of the vote to leave the European Union. ... more		Canada reacting to oil downturn As the economy stumbles under the pressure of low crude oil prices, Canadian Prime Minister Justin Trudeau said he was working to build a vibrant middle class. ... more

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

Canadian oil needs new outlets, industry group says Canada can play a major role on the global oil market provided the right infrastructure is in place, the Canadian Association of Petroleum Producers said. ... more		Saudi prince talks oil market stability with U.S. Joint efforts needed to ensure stability in the global oil market were reviewed between Saudi and U.S. officials, the Saudi government's press agency said. ... 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		Irish rebound possible for oil, gas explorer Providence After agreeing to a program aimed at raising capital, Irish oil and gas company Providence said it would examine frontier area oil and gas prospects. ... more
				China building energy ties to Russia, Putin says Chinese partnerships in the Russian energy sector are expected to help establish a stronger diplomatic relationship, Russian President Vladimir Putin said. ... more		Oil rallies on slight move against Brexit Crude oil prices moved sharply higher in early Thursday trading as voters took to the polls to weigh in on British membership in the European Union. ... 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

OMV sets drilling record in Barents Sea 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. ... more		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		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)		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		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		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

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

Offshore Egypt a win for Schlumberger		Nigerian truce sends oil prices lower		U.S. gas prices relatively low and stable		'New' oil rebels spring from old in Nigeria's delta south		Rosneft on Putin's agenda in China
Marathon buys Oklahoma shale player		BP moving fast on Egyptian gas		Oil-rich Oklahoma hit by 3.7 tremor		No change in North Dakota rig count		Oil rally continues into Monday

Hungary's MOL continues streak in Pakistan

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

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