Oil and Gas News

July 04, 2016

Nigeria signs billions in oil and gas deals with China
Lagos (AFP) June 30, 2016
The Nigerian government announced Thursday that it signed $80 billion worth in oil and gas deals with Chinese companies. Nigerian junior state oil minister and Nigerian National Petroleum Corporation (NNPC) head Emmanuel Kachikwu met Chinese investors in Beijing this week to attract money for upgrading the country's ageing and run-down refineries. Kachikwu's visit comes two months after President Muhammadu Buhari travelled to China and secured a $6 billion loan and currency swap deal to mitigat ... read more

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Jun 30

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Jun 28

UH researchers discover a new method to boost oil recovery As oil producers struggle to adapt to lower prices, getting as much oil as possible out of every well has become even more important, despite concerns from nearby residents that some chemicals used ... more		Gas markets in flux after Mississippi plant explosion Enterprise Products Partners said it closed down a gas facility in Mississippi after a fire erupted earlier this week within the confines of the plant. ... more		ING: Saudi Aramco's IPO erodes OPEC The initial public offering of Saudi Aramco is likely to push the global market for crude oil toward the supply side and erode OPEC's influence, analysis finds. ... more
				Appeals court overturns Canada pipeline approval Canada's federal court of appeal has overturned approval of the new Northern Gateway pipeline on grounds that builders failed to adequately consult with affected aboriginals, documents released Thursday revealed. ... more		Oil prices move lower after hitting 'soft ceiling' Crude oil prices reversed course in Thursday trading with an investment bank saying the $50 mark may be something of a "soft ceiling" for the long term. ... more

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

Tullow to get first oil from TEN in weeks One of the more lucrative oil fields off the coast of West Africa could start delivering its first batch of oil as early as July, Tullow Oil said. ... more		Major discovery declared offshore Guyana A well off the coast of Guyana holds a find that, with as much as 1.4 billion barrels of reserves, is considered transformative, Exxon Mobil said Thursday. ... 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		Lundin completes deal for Norwegian oil field Lundin Petroleum, a Swedish company, said it completed an acquisition in a minority share in a Norwegian oil field from regional counterpart Statoil. ... more
				Canada, Mexico review stronger energy ties The Canadian government said it was looking to build stronger energy ties with Mexico now that key reforms were in place in the sector. ... more		Platform construction for Johan Sverdrup underway Construction started Thursday for part of a platform that will deploy at the giant Johan Sverdrup oil field, Norwegian energy company Statoil said. ... 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

Irish company Circle Oil pulls shares from stock exchange Irish exploration company Circle Oil said Wednesday it pulled its shares off the market after steep declines in revenue and funding reconsiderations. ... more		Low oil prices left Alberta with a massive deficit An annual review of the budget for oil-rich Alberta found total revenue came in lower than budgeted, though the provincial finance minister was upbeat. ... more		Beijing company sets new thrust record in rocket engine test China deploys Yaogan 45 satellite on Long March 7A rocket Kinetica 2 rocket on track for inaugural mission in 2025		Azerbaijan on cusp of gas greatness Though some geopolitical conflicts may impede the progress, Azerbaijan is positioned to become one of the region's key players in natural gas, analysis finds. ... more
Polish gas company still betting on London Making a move on the global market for liquefied natural gas, Polish company PGNiG said it was setting up shop in London even as it charts its post-EU future. ... more		Total, Qatar form joint venture for offshore oil French energy company Total said Tuesday it would send its best talent to Qatar to help advance production at an offshore oil field through a new joint venture. ... more		Texas job losses mounting, state analyst says A Texas oil economist said job prospects for those working in the energy sector are mediocre at best even as markets start to return to relative stability. ... more		Wood Group bags another one with Brazilian contract Scottish oilfield services company Wood Group continued racking up the contracts, saying Tuesday it landed a new deal for developments offshore Brazil. ... more

	U.S. retail gas prices holding steady to lower, AAA finds Higher refinery output in the United States and troubling economic news overseas could put downward pressure on retail gas prices, market analysis finds. ... more		Oil prices turn higher after Brexit collapse A revision upward for growth in the U.S. economy was enough Tuesday to erase two straight days of heavy losses in crude oil prices sparked by the Brexit. ... 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

Woodside to invest $1.9 billion on oil field		Oil prices move even lower as Brexit concerns mount		North Dakota one of the few states adding rigs		TransCanada files $15 bn suit over US rejection of Keystone pipeline		Gulf Keystone Petroleum gets only partial payment for Iraqi exports
Record travel expected this July 4th, AAA said		White House to defend fracking authority		Increase In U.S. Rig Count Will Not Cap Oil Prices		World Bank: Uganda could get rich on oil		Investigations ongoing in latest California oil spill

Sky falls on oil, world markets, on Brexit

British oil industry calls for unity post-EU

Canada reacting to oil downturn

Canadian oil needs new outlets, industry group says

Saudi prince talks oil market stability with U.S.

Irish rebound possible for oil, gas explorer Providence

China building energy ties to Russia, Putin says

Oil rallies on slight move against Brexit

OMV sets drilling record in Barents Sea

Energy services company Subsea 7 trims payroll

Incoming OPEC leader says Nigeria returning to normal

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

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