Oil and Gas News

July 05, 2016

Fossil fuels will still dominate U.S. landscape
Washington (UPI) Jul 1, 2016
Even with renewable energy consumption at a historic high, fossil fuels are by far the dominant source for U.S. consumption, a federal review found. Growth in wind and solar power is to the point that last year U.S. renewable energy consumption was at its highest level in more than 80 years at roughly 10 percent of the total consumption. Fossil fuel consumption, meanwhile, fell to its lowest share in the past century last year, but still dominates the landscape. "Three fossil fuels - pe ... read more

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Jun 29

Paper: OPEC worked to derail U.S. shale Members of the Organization of Petroleum Exporting Countries altered their behavior to limit the role of U.S. shale oil producers, a Norwegian paper found. ... more		Holiday, Brexit cloud, pull oil prices lower Light trading ahead of a long U.S. holiday and lingering concerns about the prospects for the British and European economies pulled oil slightly lower Friday. ... more		New oil found in North Sea With the future of the region in question, energy company EnQuest said Friday it confirmed the discovery of oil at a field in the central North Sea. ... more
				Gulf Keystone Petroleum: Kurds owe for oil milestone The Kurdish government of Iraq is due to pay out a bonus because of a production milestone at a northern Iraqi oil field, Gulf Keystone Petroleum said. ... more		Gazprom touts legacy Russian energy company Gazprom puts flexibility at the center of its strategic objectives, the company's chairman said in an address to shareholders. ... more

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

Crimson Pipeline defends track release after Ventura release The company behind an oil release in California defended its public record, saying its reputation was the target of a smear campaign. ... more		Nigeria signs billions in oil and gas deals with China The Nigerian government announced Thursday that it signed $80 billion worth in oil and gas deals with Chinese companies. ... 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		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

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

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		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		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		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

	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

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

Azerbaijan on cusp of gas greatness		Polish gas company still betting on London		Total, Qatar form joint venture for offshore oil		Texas job losses mounting, state analyst says		Wood Group bags another one with Brazilian contract
U.S. retail gas prices holding steady to lower, AAA finds		Oil prices turn higher after Brexit collapse		Legacy projects drive new Canadian oil		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

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