Oil and Gas News

July 31, 2016

Shell focusing on 'lasting changes'
The Hague, Netherlands (UPI) Jul 28, 2016
Lower crude oil prices continue to present problems for the industry and Shell is now focused on retooling efforts, the chief executive officer said. "We are making significant and lasting changes to Shell's working practices and cost structure," CEO Ben van Buerden said in a statement. Shell, moving through the year after a merger with British energy company BG Group, said net income during the second quarter fell more than 70 percent to $1.18 billion. The company attributed the decline ... read more

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Jul 25

Texas crude oil production down from last year Total crude oil production in Texas recorded nearly a 3 percent decline year-on-year for May, a state energy regulator reported. ... more		Oil prices moving lower on market sentiment Crude oil prices searched for momentum in early Thursday trading amid uncertainty about the prospects for major energy market recovery. ... more		Husky coordinating with Saskatchewan oil spill response Husky Energy said it has more than 400 people on the ground in Saskatchewan responding to an oil spill and committed itself to a transparent investigation. ... more
				Conoco sees production falter after Canadian fires North American energy giant ConocoPhillips said second quarter production was lower in part because of the impact of wildfires this year in Canada. ... more		Baker Hughes: Only posting a 10 percent loss is good All things considered, a 10 percent decline in revenue for the second quarter is encouraging, the top executive at oilfield services company Baker Hughes said. ... 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		Woodside contracts for major Australian oil field evolving 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. ... 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		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

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 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		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		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
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		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		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

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

BP planning to bring more barrels online		Scotland working to protect EU relations		Russian economy recovering slowly		Market uncertainty drags oil prices lower		North Dakota rig count up 10 percent
Nord Stream planners reviewing next steps		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

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