Oil and Gas News

July 28, 2016

Woodside contracts for major Australian oil field evolving
Paris (UPI) Jul 27, 2016
Securing a deal to help develop an oil field offshore Australia that's the target of a $1.9 billion investment shows wins are still available, Technip said. The French energy services company said it secured a contract worth at least $275 million to help Australia's Woodside develop its offshore Greater Enfield project, where waters are as deep as a half mile. From its operating center in Perth, Australia, and support from its Asian offices, Technip said it will assist with the managing, ... read more

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Statoil keeping production expectations in place Even though low oil prices resulted in weak earnings, Norwegian energy company Statoil said it was keeping its production expectations unchanged for the year. ... more		KazMunaiGas threatens action over Romania refinery seizure Kazakhstan's state oil company KazMunaiGas on Wednesday threatened to seek international arbitration against Bucharest over the seizure of its refinery in eastern Romania in a tax fraud probe. ... more		Oil prices mixed as investors weigh latest earnings Lackluster earnings reports out early Wednesday balanced against assessments on the market trajectory to leave crude oil prices in mixed territory. ... more
				Oil company Tullow turns a profit While reporting a profit from its base in London, oil and gas explorer Tullow Oil said Wednesday oil from one of its major investments is expected next month. ... more		Issues reported before Saskatchewan oil spill Husky Energy said it reported anomalies on a pipeline system the night before it ruptured and released oil into the North Saskatchewan River. ... more

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

Hess reports loss, but preformed better than last year Lower production and a lower selling price for oil meant a loss for the second quarter, though Hess Corp. said results were better than last year. ... more		A 'smart dress' for oil-degrading bacteria Bionanotechnology research is targeted on functional structures synergistically combining macromolecules, cells, or multicellular assemblies with a wide range of nanomaterials. Providing micrometer- ... 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		Texas economist warns against exuberance Moderation in crude oil prices during the second quarter of the year shouldn't translate to an overwhelming sense of optimism, a Texas economist said. ... more
				Canada phasing out some oil railcars early Getting older rail cars that carry crude oil out of service quicker means eliminating the weakest link in the chain of safety, the Canadian government said. ... more		Pessimism bubbles up to leave oil prices mixed Crude oil prices were trading in mixed territory early Tuesday after BP said more output was expected, but market recovery would be slow. ... 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

Energy issues in Turkey's hands, Russia says Decisions related to natural gas transit infrastructure tied to Russian supplies are in the hands of the Turkish government, a Gazprom chairman said. ... more		AAA: Gas prices will stay lower this summer Pointing to a market flush with fuel supplies, motor club AAA said less than 1 percent of retail service stations are selling gas above the $3 mark. ... 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		Emergency declared after Husky oil spill A city government in central Canada declared a state of emergency as an oil spill into an area river travels downstream to threaten drinking water supplies. ... more
BP planning to bring more barrels online Even though results for the second quarter show yet another loss, BP CEO Bob Dudley said thousands of barrels of new production is coming online this year. ... more		Scotland working to protect EU relations The Scottish government, which once pushed an independence bid in part on oil revenue, said every option is on the table for staying in the European Union. ... more		Russian economy recovering slowly With oil holding relatively stable, there are few restrictions on meeting inflationary goals by the end of next year, a Russian finance minister said. ... more		Market uncertainty drags oil prices lower Pessimism about the market's trajectory combined with violence in Nigeria, an OPEC member, sent crude oil prices lower in early Monday trading. ... more

	North Dakota rig count up 10 percent The number of rigs actively exploring for or producing oil and natural gas in North Dakota is up 10 percent from last week, state data show. ... more		Nord Stream planners reviewing next steps The planning companies behind an expansion to a natural gas pipeline in the Baltic Sea said they're exploring their options amid Polish anti-trust concerns. ... 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

Russian company Gazprom Neft pumping 67,000 barrels of oil a day in eastern Iraq		Oil spill threatens Saskatchewan drinking water		Schlumberger: We've reached the bottom		Poll: Republican voters see Big Oil as big deal		Polish antitrust body wary of Nord Stream II
Australia's Santos sees lingering industry pressures		Transocean's latest rig contract revised lower		Total lands LNG deal with Japan		Oil prices drift lower, balancing modest industry optimism		Chevron to send more gas to China

Woodside Petroleum expecting third quarter recovery

Oil prices drift lower as Europe weighs economic risks

Oil Search drops efforts in Papua New Guinea gas

Encana Corp. said to expect more drilling

Environmental groups blast Enbridge for 2010 spill

Russia revisits oil pipeline to avoid Black Sea

Enbridge to pay $177 million for US oil pipeline spills

Halliburton: Our strategy is working

Ohio shale fueling job growth, API director says

Total assessing Exxon bid on Papua New Guinea

Oil prices lower on weak demand

Scotland worried by economic pressures from Brexit

BHP lowers expectations for petroleum

Former Apache boss nabs Cabinet job in Alaska

Tesoro to pay $425 million over air quality violations

Gazprom deploys fracking effort

Russia extends sympathy to potential energy partner Turkey

Iran drafting list of eligible oil and gas vendors

No change in North Dakota rig count

Another win for services company Wood Group

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