Oil and Gas News

August 09, 2016

Dozens of IS oil tankers destroyed in Syria strike: US
Washington (AFP) Aug 8, 2016
A coalition air strike destroyed 83 oil tankers used by the Islamic State group over the weekend in eastern Syria, the US military announced Monday. Pentagon spokesman Matthew Allen said the strike was conducted by "multiple coalition aircraft" Sunday evening near Albu Kamal, in Deir Ezzor province along Syria's border with Iraq. "This strike is a component of ongoing Tidal Wave II operation designed to attack the distribution network of Daesh's oil-smuggling operation and degrade their capacity ... read more

Previous Issues

Aug 08

Aug 05

Aug 04

Aug 03

Aug 02

Demand forecast pulls oil prices higher Expectations of a rebound in demand for oil in the latter half of the year sparked a rally in crude oil prices early Monday following a week of uncertainty. ... more		Texas somewhat optimistic about growth While growth increased in the Texas economy, the oil-rich state still faces significant headwinds because of the energy market downturn, a state economist said. ... more		Work slated for Barents, North seas The Norwegian government said it gave its consent for new oil and natural gas operations offshore in the North Sea and Barents Sea, with Statoil the big winner. ... more
				Activists: Midwest pipeline project likely dead Environmental groups in the U.S. Midwest claimed a win after an investment decision by pipeline company Enbridge likely ruled out a controversial oil project. ... more		Report: Oil shipped from war-torn Yemen The first shipment of crude oil from Yemen frees up enough storage so that oil production in the east of the country can resume, reports said Friday. ... more

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

Protesters clash with police near Iraq oil site Hundreds of Iraqis from the southern district of Zubair clashed with security forces Sunday when they attempted to block a road leading to oil fields during a protest. ... more		Wild ride for crude oil prices Crude oil prices started Friday in volatile territory after the U.S. government reported the economy added more jobs in July, though key metrics were unchanged. ... 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		Chevron wins key US appeal in Ecuador pollution case Chevron scored a win Monday in US appeals court, blocking enforcement of a $9.5 billion judgment in Ecuador against the US oil giant over pollution in the South American country. ... more
				Chesapeake Energy cut debt by $1 billion Struggling U.S. shale player Chesapeake Energy said it reported a loss for the second quarter, but reduced debt by more than $1 billion. ... more		New ceramic membrane enables first direct conversion of natural gas to liquids without CO2 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 Tecno ... 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

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		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		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
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		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		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

	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

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

Enbridge, Marathon grab Bakken oil pipeline		Irving Oil buys Ireland's only refinery		Oil prices have another go at a rally		Oxy takes a rare loss		Oil-rich North Dakota touts pro-business ranking
Oil prices recover after Monday's nosedive		AAA: Low gas prices mask regional issues		Lundin Petroleum sees rosy future		Gulf Keystone Petroleum moving on restructuring		Iran looking for oil middle men

Report: Trump has 'work to do' on grasp of energy

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

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