Oil and Gas News

August 08, 2016

New ceramic membrane enables first direct conversion of natural gas to liquids without CO2
Golden CO (SPX) Aug 08, 2016
CoorsTek, the world's leading engineered ceramics manufacturer, today announced that a team of scientists from CoorsTek Membrane Sciences, the University of Oslo (Norway), and the Instituto de Tecnologia Quimica (Spain) has developed a new process to use natural gas as raw material for aromatic chemicals. The process uses a novel ceramic membrane to make the direct, non-oxidative conversion of gas to liquids possible for the first time - reducing cost, eliminating multiple process steps, and avoid ... read more

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Transocean outperforms its peers In part because of lower maintenance expenses, offshore rig company Transocean said it was able to post a gain in net income for the second quarter. ... more		Russian economic woes spreading beyond borders Five straight quarters of economic decline in oil-rich Russia are starting to have a spillover effect on the economies of its neighbors, a data review finds. ... more		Canada pulls North American rig count higher The North American rig count improved slightly more than 13 percent from June, with Canada showing strides since May wildfires, Baker Hughes data show. ... more
				Nigerian army says 11 troops killed in clashes with bandits Eleven Nigerian troops have been killed in clashes with gunrunners and bandits in the violence-wracked north central region, the army said Saturday. ... more		Russia mulls stronger ties to Iran's energy sector Trade relations between Russia and Iran, seen by the Kremlin as a strategic partner, may be bolstered in the energy sphere, the Russian president said. ... more

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

Continental Resources expecting production gains Though reporting both a net loss for the second quarter and declining output, U.S. shale player Continental Resources raised its forecast for production. ... more		Canadian Natural Resources nears 'inflection point' After reporting a loss for the second quarter and a decline in output, Canadian Natural Resources said it was on the verge of an "inflection point." ... 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		Report: Trump has 'work to do' on grasp of energy Despite getting public support from one of the biggest names in oil, Republican presidential candidate Donald Trump has work to do, reports found. ... more
				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

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

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		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		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
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		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

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

Iran looking for oil middle men		North Dakota rig count continues to rise		Weatherford: The worst is over for the oil sector		Transocean consolidates business structure		Fire-damaged Canadian municipality lent a hand
Low growth in Japan spills over to ding oil prices		Statoil pays $2.5 billion to move deeper into Brazil		Safety is attractive, British offshore group says		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

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