Oil and Gas News

August 03, 2016

Indonesian farmers launch class action over oil spill
Sydney (AFP) Aug 3, 2016
Indonesian seaweed farmers launched a Aus$200 million class action Wednesday over a major oil spill in Australia, claiming the blow-out devastated their livelihoods. The spill in the Montara field in the Timor Sea, north of Australia, leaked thousands of barrels of oil for close to 10 weeks before it was capped. The case filed in Sydney's Federal Court on behalf of up to 13,000 Indonesian farmers is against the firm which operated the well-head platform, PTTEP Australasia. Ben Slade, class a ... read more

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Oil prices recover after Monday's nosedive Emerging sentiment about a slow, but steady, recovery in the market for crude oil helped prices recover Tuesday from a brief drop below $40 per barrel. ... more		AAA: Low gas prices mask regional issues Retail gasoline prices in the United States remain at historic lows, though regional intercontinental dynamics make for a fluid situation, AAA reported. ... more		Lundin Petroleum sees rosy future Now part-owned by Norwegian energy giant Statoil, Sweden's Lundin Petroleum offered forward-looking optimism after reporting a second quarter loss. ... more
				Gulf Keystone Petroleum moving on restructuring The target of a takeover bid, Iraqi oil player Gulf Keystone Petroleum said most of the parties with an interest in the company are in favor of restructuring. ... more		Iran looking for oil middle men A middle man may be necessary to facilitate crude oil deliveries from Iran to the international market, a national petroleum official said from Tehran. ... more

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

Offshore drillers less-than optimistic After idling some rigs in an effort to cut costs during the second quarter, Diamond Offshore said its optimism about a market recovery was somewhat low. ... more		Enbridge, Marathon grab Bakken oil pipeline Canadian energy company Enbridge said it was footing the bulk of the bill to acquire a pipeline system that it said would give it access to the U.S. Gulf Coast. ... 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		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
				North Dakota rig count continues to rise 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. ... 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

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

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		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		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		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
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		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		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		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

	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		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

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

Airbus DS launches satellite tasking service for oil, gas and mining users		DNO makes offer for Kurdish rival, Gulf Keystone		Attacks on Iraq gas facility, oil field kill five		Eni retools organizational structure amid loss		Canadian wildfires curb Enbridge quarterly profits
Exxon's earnings down 60 percent		Hess reports loss, but preformed better than last year		Shell focusing on 'lasting changes'		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

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