Oil and Gas News

July 19, 2016

Tesoro to pay $425 million over air quality violations
Los Angeles (AFP) July 19, 2016
US oil refining group Tesoro Corp. reached a $425 million settlement Monday with the Justice Department and the US Environmental Protection Agency to resolve air quality violations. Under the agreement, Texas-based Tesoro and Par Hawaii Refining will spend about $403 million to install and operate pollution control equipment at six refineries across the United States. Tesoro will also spend about $12 million to fund environmental projects in local communities that were impacted by pollution and ... read more

Previous Issues

Jul 18

Jul 15

Jul 14

Jul 13

Jul 12

Russia extends sympathy to potential energy partner Turkey The Russian government views an attempt to undermine the government of its key energy trading partner Turkey as unacceptable, President Vladimir Putin said. ... more		Iran drafting list of eligible oil and gas vendors There are dozens of companies that may qualify to develop Iranian oil and gas fields and a full list will be released in due course, a managing director said. ... more		Oklahoma rocked by a week of seismic events Shale-rich Oklahoma experienced more than a dozen seismic events in the five days ending Friday, data from the U.S. Geological Survey show. ... more
				Militants claim attack on Exxon as Shell shuts Nigerian pipeline The Niger Delta Avengers (NDA) group said it had bombed an ExxonMobil facility in southern Nigeria just as Shell announced closure of a key oil pipeline, in the latest blow to output. ... more		EIA: Gas prices peaked in June Retail gasoline prices in the United States should hold more or less steady through the end of summer as demand remains steady, a federal review finds. ... more

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

New reserves uncovered in North Sea The Norwegian government confirmed Wednesday an oil and gas discovery was made in a North Sea area not previously known to contain hydrocarbons. ... more		IMF: Russia still facing risk from low oil prices Russia's economy returns to modest growth next year, but faces medium-term risks from volatility in crude oil prices, the International Monetary Fund said. ... more		Half-billion-year-old parasite still threatens shellfish China increases lead in global remote sensing research as US share slips Robots gain guarded acceptance in elderly care if safety and trust align		Exxon making moves on Papua New Guinea Exxon Mobil made a "superior" offer for an acquisition of assets including natural gas deposits in Papua New Guinea, InterOil Corp. announced Monday. ... more
				EU proposes funding for Baltic energy diversity The bulk of nearly $300 million in new investments could target energy infrastructure projects in the Baltic Sea region, the European Commission said Friday. ... more		Alberta works to green up oil sector After allowing energy companies early entry into a royalty scheme, Alberta's government said it formed an advisory panel to address sector emissions. ... 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

Woodside grabs more Senegalese oil Australian energy company Woodside said it was wading into the waters off the coast of Senegal after acquiring assets from Conoco Philips for $350 million. ... more		Citibank to close key Venezuela payment account: Maduro Citibank plans to close the account Venezuela uses to make international payments, President Nicolas Maduro said Monday, accusing the US-based bank of mounting a "financial blockade." ... more		SpaceX to Acquire EchoStar AWS-3 Spectrum Licenses in $2.6 Billion Stock Deal Robotic exosuit designed to assist astronaut movement tested in simulated lunar mission OlmoEarth AI Platform Released to Expand Access to Planetary Data and Insights		Schlumberger in $300 million deal offshore Australia More than $300 million in contracts for the upstream side of the energy sector goes toward developing offshore Australia, a division of Schlumberger said. ... more
Moody's: Oman exposed to economic risk The heavy economic reliance on oil and gas for revenue means Oman is more exposed to economic risk that its peers, Moody's Investors Service said. ... more		Oil prices brush off Chinese woes in wake of Nice attack European economic and security concerns pushed crude oil prices higher early Friday after overnight losses brought on by weakness in China. ... more		Iran extends energy hand to Europe Iran could step in to help address European energy security concerns once the doors to financial regimes open, the speaker of the Iranian parliament said. ... more		Iraqi oil group to restructure debt Iraqi-focused energy company Gulf Keystone Petroleum said it appointed a new chairman and was moving ahead with a restructuring option to address debt. ... more

	Weathered oil in Gulf of Mexico may threaten development of fish embryos and larvae The Deepwater Horizon (DWH) oil spill, in which nearly three million barrels of crude oil got released in 2010 into the northern Gulf of Mexico, is the worst oil disaster in US history, contaminatin ... more		ADB: Gas-rich Papua New Guinea facing declines Once seen as an economy buoyed by natural gas resources, the Asian Development Bank said Papua New Guinea is on pace for a severe contraction. ... more

China's new aircraft carrier enters service in key move to modernise fleet

Global tech tensions overshadow Web Summit's AI and robots

Senate Republicans defeat bill requiring Congress to approve attacking Venezuela

Kremlin: Some oil privatization by year's end		Oil prices inch barely into the black on bullish outlook		North Dakota adding more rigs		No luck for Tullow south of Johan Sverdrup		Iran expecting revenue influx from oil
Energy could be included in Canada-Ukraine trade deal		Oil services firm Swiber wades into Qatari waters		Gazprom introduces oil spill technology		U.S. rig count up, Baker Hughes finds		Scotland: Oil, gas keys in London's hands

Oil prices get lift from Nigerian pipeline attack

Australian oil company appoints Cuban director

Venezuela opposition asks for Vatican mediation

Eni confirms attack on Nigerian pipeline

IEA: Investments in energy down across the board

Niger Delta Avengers strike Chevron infrastructure

Saipem tapped for work in giant gas field offshore Egypt

Oil rallies on short-term easing in U.S. unemployment

Oil, gas worker strike averted in Norway

Genel reviews Kurdish oil output

House leader fed up with Exxon climate probe

Oil prices fall sharply for second straight day

Tullow proposes bonds for African programs

Kazakhstan: Tengiz oil a vote of confidence

Oil losses mount as world markets hit by Brexit woe

Niger Delta Avengers suspended from Twitter

Paper: Decline of British oil and gas sector may bring jobs

Pennsylvania to get power from shale gas

Russian reserve fund may be depleted in 2017

Venezuela president vows military boost to fight crisis

Buy Advertising

Media Advertising Kit

Editorial & Other Enquiries

Privacy statement

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.