Oil and Gas News

August 05, 2016

Report: Trump has 'work to do' on grasp of energy
Houston (UPI) Aug 2, 2016
Despite getting public support from one of the biggest names in oil, Republican presidential candidate Donald Trump has work to do, reports found. At a keynote address at a North Dakota energy conference this year, Trump said the United States would become "totally independent" from the Organization of Petroleum Exporting Countries in part by removing obstacles standing in the way of further exploration. Speaking at the nominating convention in July, Continental Resources CEO Harold Hamm said t ... read more

Previous Issues

Aug 04

Aug 03

Aug 02

Aug 01

Jul 31

Irving Oil buys Ireland's only refinery The sale of the only oil refinery in Ireland to a Canadian company is a win for the country's energy security, the Irish climate minister said Wednesday. ... more		Oil prices have another go at a rally Crude oil prices tried again Wednesday to pull out of a protracted retreat as strong labor figures in the United States bolstered early market confidence. ... more		Oxy takes a rare loss The world's largest independent oil explorer, Occidental Petroleum, said production increased 3.2 percent from the first quarter, but financial losses mounted. ... more
				Oil-rich North Dakota touts pro-business ranking With the governor calling for tighter purse strings, the oil-rich state of North Dakota said it had one of the strongest business environments in the country. ... more		Indonesian farmers launch class action over oil spill 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. ... 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		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

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

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		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		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		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		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

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

European gas pipeline group defends record		Norway's Statoil sheds Marcellus shale acreage		Oil prices lower on U.S. GDP figures		Islamic State attacks Iraqi oil and gas facilities		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

Rouhani: Iran's post-sanctions era revolutionary

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

Buy Advertising

Media Advertising Kit

Editorial & Other Enquiries

Privacy statement

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.