Oil and Gas News

August 02, 2016

North Dakota rig count continues to rise
Bismarck, N.D. (UPI) Aug 1, 2016
Ahead of a special legislative session to review the state budget, North Dakota state data show a modest recovery underway in oil and gas exploration activity. State data show 35 rigs actively exploring for or producing oil and gas as of Monday, an increase of nearly 10 percent from last week. The move in North Dakota mirrors developments elsewhere in the United States, where relative stability in crude oil prices, since a collapse below $30 in early 2016, is building confidence in the industry ... read more

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Transocean consolidates business structure Rig company Transocean said it consolidated its holdings and said Monday it grabbed a majority interest in three additional offshore drilling assets. ... more		Low growth in Japan spills over to ding oil prices Slow economic recovery in Japan coupled with a potential build in crude oil supplies dragged oil prices sharply lower in the first full trading day of August. ... more		Safety is attractive, British offshore group says A struggling British offshore oil and natural gas sector held out its safety record as a critically important feature in the post-Brexit era. ... more
				Norway's Statoil sheds Marcellus shale acreage For $96 million, and following a weak earnings report, Norwegian energy company Statoil said it was getting rid of some of its gas assets in the United States. ... more		Islamic State attacks Iraqi oil and gas facilities Kurdish military leaders confirmed to Arab media the Islamic State terror group was responsible for attacks on oil and gas installations in northern Iraq. ... more

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

Rouhani: Iran's post-sanctions era revolutionary With options for oil and natural gas expanding, Iranian President Hassan Rouhani said a joint nuclear agreement has strengthened the country's independence. ... more		Weatherford: The worst is over for the oil sector Mirroring sentiments expressed by its peers, oilfield services company Weatherford said the market, particularly in North America, has bottomed out. ... 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		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

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 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		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		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		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

	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

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

Texas crude oil production down from last year		Oil prices moving lower on market sentiment		Husky coordinating with Saskatchewan oil spill response		Conoco sees production falter after Canadian fires		Baker Hughes: Only posting a 10 percent loss is good
Woodside contracts for major Australian oil field evolving		Statoil keeping production expectations in place		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

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