Oil and Gas News

August 01, 2016

Weatherford: The worst is over for the oil sector
Houston (UPI) Jul 28, 2016
Mirroring sentiments expressed by its peers, oilfield services company Weatherford said the market, particularly in North America, has bottomed out. Weatherford, based in Switzerland with offices in Houston, reported second quarter revenue of $1.4 billion, down by almost half from last year. In North America, the company said revenue was down 26 percent year-on-year, though that was better when using the 35 percent reduction in exploration and production work as a benchmark. "We believe ... read more

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Fire-damaged Canadian municipality lent a hand The municipality of Wood Buffalo said it was getting a support package from the provincial government of Alberta two months after fires shut in oil production. ... more		Statoil pays $2.5 billion to move deeper into Brazil After a dismal earnings report, Norwegian energy company Statoil said it secured a stake in an oil basin off the coast of Brazil from the nation's oil company. ... more		European gas pipeline group defends record A report calling for European scrutiny over a pipeline slated to run through southern Europe is riddled with inaccuracies, a gas pipeline consortium said. ... more
				Oil prices lower on U.S. GDP figures A low estimate of U.S. gross domestic product and steep losses from some of the world's biggest energy companies sent crude oil prices down early Friday. ... more		Airbus DS launches satellite tasking service for oil, gas and mining users Airbus Defence and Space launched its latest development in satellite imagery acquisition and distribution, One Tasking. Representing a major step change, One Tasking offers customers working in oil ... more

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

DNO makes offer for Kurdish rival, Gulf Keystone DNO, a Norwegian oil and gas company with strong Iraqi assets, said Friday it made a $300 million bid for Gulf Keystone Petroleum, which is restructuring debt. ... more		Attacks on Iraq gas facility, oil field kill five Militants assaulted a gas facility and a nearby oil field in north Iraq on Sunday, killing five people in rare attacks inside Kurdish-controlled areas of Kirkuk province, officials 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		Eni retools organizational structure amid loss While swinging to a loss in its quarterly report, Italian energy company Eni said it was moving more controls to its chief executive to retool risk structures. ... more
				Canadian wildfires curb Enbridge quarterly profits Canadian pipeline giant Enbridge Inc. on Friday announced a sharp decline in second-quarter profits, hurt by curtailed production following May's forest fires in the oil sands region of Fort McMurray. ... more		Exxon's earnings down 60 percent Estimated quarterly earnings for Exxon Mobil Corp. were down about 60 percent from last year, the company said, pointing to sharply lower energy prices. ... 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

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		Shell focusing on 'lasting changes' Lower crude oil prices continue to present problems for the industry and Shell is now focused on retooling efforts, the chief executive officer 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		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

	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		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

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

KazMunaiGas threatens action over Romania refinery seizure		Oil prices mixed as investors weigh latest earnings		Oil company Tullow turns a profit		Issues reported before Saskatchewan oil spill		A 'smart dress' for oil-degrading bacteria
Texas economist warns against exuberance		Canada phasing out some oil railcars early		Pessimism bubbles up to leave oil prices mixed		Energy issues in Turkey's hands, Russia says		AAA: Gas prices will stay lower this summer

Emergency declared after Husky oil spill

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

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