Oil and Gas News

June 28, 2016

Woodside to invest $1.9 billion on oil field
Perth, Australia (UPI) Jun 27, 2016
Australian energy company Woodside Petroleum said it was in the position to move ahead with the development of a $1.9 billion offshore oil project. Woodside Petroleum CEO Peter Coleman said Monday that "breakthroughs" in technology slated for the Greater Enfield projects off the coast of Western Australia made investing nearly $2 billion during the weak market for oil justifiable. "Greater Enfield is a demonstration of our phased and sustainable approach to growth," he said in a statemen ... read more

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Jun 27

Jun 25

Jun 24

Jun 23

Jun 22

Oil prices move even lower as Brexit concerns mount Crude oil prices on Monday continued a steep decline sparked by the British vote to leave the European Union, with London warning of continued volatility ahead. ... more		North Dakota one of the few states adding rigs North Dakota gained two rigs from last week as stability in the crude oil market brought some players back to shale, state data for Monday show. ... more		TransCanada files $15 bn suit over US rejection of Keystone pipeline TransCanada has formally filed a $15 billion suit against the US government for blocking its controversial project for an oil pipeline linking Canada with the Gulf of Mexico, legal documents show. ... more
				Gulf Keystone Petroleum gets only partial payment for Iraqi exports Iraqi oil player Gulf Keystone Petroleum said it received only part of the payment it billed the Kurdish regional government for crude oil exports in May. ... more		Record travel expected this July 4th, AAA said The upcoming July Fourth holiday weekend in the United States may be the busiest ever for road travel thanks in part to low gas prices, motor club AAA said. ... more

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

Increase In U.S. Rig Count Will Not Cap Oil Prices 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 ... more		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		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		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

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

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		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		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)		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
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		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		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

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

Oil tries to rally a day ahead of Brexit vote		Encana tightens belt in Canadian reserves		Report: Truce brokered in Nigeria oil fields		One dead in North Dakota oil well accident		Scientists moot 'green fracking' technique
Colorado's economy okay, but under energy pressures		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

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