Oil and Gas News

July 21, 2016

Russia revisits oil pipeline to avoid Black Sea
Moscow (UPI) Jul 20, 2016
Russia could revisit a land-based oil pipeline meant to get around Turkish waterways if the political situation worsens, a Russian executive said. Nikolai Tokarev, the head of Russian pipeline company Transneft, said there was renewed interest in building the Burgas-Alexandroupolis oil pipeline. "Everyone is now interested in it, including Bulgarian partners," he was quoted by Russian news agency Tass as saying. Bulgaria signed an agreement in 2007 with Russia and Greece to build ... read more

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Enbridge to pay $177 million for US oil pipeline spills Canadian pipeline giant Enbridge Inc. has agreed to pay $177 million to settle claims stemming from two major oil spills in the United States in 2010, US authorities announced Wednesday. ... more		Halliburton: Our strategy is working Despite paying billions of dollars after a failed merger effort with a rival, oilfield services company Halliburton said its strategy is working. ... more		Ohio shale fueling job growth, API director says Labor growth in Ohio, the state hosting the Republican nominating convention, is in parts thanks to the extraction of natural gas, an industry leader said. ... more
				Total assessing Exxon bid on Papua New Guinea French energy company Total said it was taking note of a competing offer for Papua New Guinea gas partner InterOil made by U.S. rival Exxon Mobil. ... more		Oil prices lower on weak demand Consumer demand is still not drawing inventories of petroleum products lower, sending crude oil prices sharply downward in early Wednesday trading. ... more

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

Scotland worried by economic pressures from Brexit The Scottish economy is showing signs of stamina, but uncertainty from the exit from the European Union hangs over momentum, a minister said. ... more		BHP lowers expectations for petroleum Australian mining and energy company BHP Billiton said it was ready to pounce at core U.S. assets once conditions improve for energy prices. ... 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		Former Apache boss nabs Cabinet job in Alaska A veteran oil and gas executive with experience at BP and Apache Corp. is the next member of the state Cabinet, Alaska Gov. Bill Walker said. ... more
				Tesoro to pay $425 million over air quality violations 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. ... more		Gazprom deploys fracking effort Hydraulic fracturing of oil reservoirs is part of the long-term goal of making drilling operations more efficient, Russian energy company Gazprom Neft 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

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		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		No change in North Dakota rig count Following a week of high volatility in crude oil prices, there's been no change in the number of rigs in North Dakota since last week, state data show. ... more
Another win for services company Wood Group Scottish oil and gas services company Wood Group said it built on its trajectory during the market downturn by landing a contract extension in the North Sea. ... more		U.S. shale player Sanchez boosts production U.S. shale oil and natural gas company Sanchez Energy said, during an era of lower crude oil prices, net production during the second quarter improved. ... more		Companies getting good at life at $50 per barrel Energy companies are growing accustomed to low oil prices, though some projects still may be left on the shelf if markets stay put, Wood Mackenzie finds. ... more		AAA: Gas prices at a 12-year low Gasoline production in the United States is at an all-time high, pushing retail prices to their lowest point in more than a decade, motor club AAA reports. ... more

	Oil prices mixed on IMF pessimism and supply constraints Security concerns in Turkey and Libya balanced against a grim report from the International Monetary Fund, leaving oil prices mixed in early Tuesday trading. ... more		API president in Cleveland calls for better energy policies With U.S. oil production up more than 80 percent from a decade ago, the American Petroleum Institute called for national leaders to support that momentum. ... 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

Colorado touts labor sector performance		New pipeline entity emerges in Calgary		Oil prices sag on British banker's concerns		Alberta works to green up oil sector		Woodside grabs more Senegalese oil
Citibank to close key Venezuela payment account: Maduro		Schlumberger in $300 million deal offshore Australia		Moody's: Oman exposed to economic risk		Oil prices brush off Chinese woes in wake of Nice attack		Oklahoma rocked by a week of seismic events

Iran extends energy hand to Europe

Militants claim attack on Exxon as Shell shuts Nigerian pipeline

EIA: Gas prices peaked in June

Iraqi oil group to restructure debt

Weathered oil in Gulf of Mexico may threaten development of fish embryos and larvae

New reserves uncovered in North Sea

ADB: Gas-rich Papua New Guinea facing declines

IMF: Russia still facing risk from low oil prices

Exxon making moves on Papua New Guinea

EU proposes funding for Baltic energy diversity

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

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