Oil and Gas News

July 22, 2016

Chevron to send more gas to China
San Ramon, Calif. (UPI) Jul 21, 2016
Starting in 2018, U.S. energy company Chevron Corp. said it will start shipping liquefied natural gas to a Chinese counterpart under the terms of a new deal. "This agreement is another important step in the commercialization of Chevron's natural gas holdings," Mike Wirth, an executive vice president at Chevron, said in a statement. "We are positioned to become one of the top 10 LNG suppliers in the world." Chevron said it signed an agreement with a Singapore holding company controlled by ... read more

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Woodside Petroleum expecting third quarter recovery Australian energy company Woodside said it was posting lower revenues for the second quarter because of a lag-time in product price recovery. ... more		Oil prices drift lower as Europe weighs economic risks Crude oil prices drifted lower in early Thursday trading after the European Central Bank said downside risks are lingering in the regional economy. ... more		Oil Search drops efforts in Papua New Guinea gas Oil Search Ltd. said it wouldn't counter an offer made for a rival tied to liquefied natural gas assets in Papua New Guinea following a bidding war. ... more
				Encana Corp. said to expect more drilling Spending on exploration and production is going up after second quarter operations turned into positive cash flow, shale oil and gas producer Encana Corp. said. ... more		Environmental groups blast Enbridge for 2010 spill A $177 million settlement for oil spills in 2010 in the Great Lakes states serves as a warning of the dangers of shipping heavy oils, environmental groups said. ... more

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

Russia revisits oil pipeline to avoid Black Sea Russia could revisit a land-based oil pipeline meant to get around Turkish waterways if the political situation worsens, a Russian executive said. ... more		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		New deep sea mining rules lack consensus despite US pressure Lightning strikes kill 33 people in eastern India From Antarctica to Brussels, hunting climate clues in old ice		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

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

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		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		Chinese researchers craft high fidelity Mars soil simulant to support future missions Ancient river systems reveal Mars was wetter than we thought NASA's Parker Solar Probe Snaps Closest-Ever Images to Sun		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
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		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		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

China, India should work towards 'win-win' cooperation: Chinese FM

US delays Patriot arms deliveries to Switzerland in switch to Ukraine

US 'moving at haste' to get Ukraine weapons: envoy

Another win for services company Wood Group		U.S. shale player Sanchez boosts production		Companies getting good at life at $50 per barrel		AAA: Gas prices at a 12-year low		Oil prices mixed on IMF pessimism and supply constraints
API president in Cleveland calls for better energy policies		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

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