Oil and Gas News

August 12, 2016

Texas shale basin left behind
Oklahoma City (UPI) Aug 11, 2016
Leaving part of a Texas oil and natural gas shale basin will free up potentially more than a billion dollars in financial commitments, Chesapeake Energy said. Chesapeake, which has headquarters in Oklahoma, said it was exiting the Barnett shale basin in Texas, which could result in an increase in operating income by up to $300 million per year through 2019. It could also free up as much as $1.9 billion in commitments in the transit and refinery side of the energy sector for the company. ... read more

Previous Issues

Aug 11

Aug 10

Aug 09

Aug 08

Aug 05

Statoil to develop cross-border gas field Developing a natural gas basin straddling the maritime borders of the United Kingdom and Norway will be a win-win for the industry and Oslo, a regulator said. ... more		Advocates defend Colorado oil and gas ballot measures Initiatives on oil and gas operations in Colorado will make their way to the November ballot despite questions about support, environmental groups said. ... more		Russia credits more drilling for production increase Russian oil company Rosneft said its overall hydrocarbon production for the second quarter of the year was on the rise thanks in part to a drilling boom. ... more
				Australia counting on offshore oil, gas for economy The more than two dozen areas opened up to energy explorers off the western coast of Australia could help with global energy ambitions, a minister said. ... more		Saskatchewan city starts claims process after oil spill Husky Energy is called on to come forward with the finances necessary to offset the costs associated with a July oil spill, a Saskatchewan city government said. ... more

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

Volatile start for oil prices after mixed IEA report Crude oil prices were swinging up and down in the early rounds of Thursday trading after a new report showed a fluid situation in the global energy market. ... more		Texas to streamline rules to help energy sector A Texas state energy regulator said it was cutting some of the red tape so those working in the oil and gas industry could better survive the downturn. ... more		Half-billion-year-old parasite still threatens shellfish China increases lead in global remote sensing research as US share slips Robots gain guarded acceptance in elderly care if safety and trust align		More oil pulled from far north Russia A Russian energy company said it boosted its daily production levels from an Arctic oil field after the completion of drilling two new wells. ... more
				Europe helps fund non-Russia gas line for Finland The European Commission said it was allocating funding to end Finland's energy isolation, one day after new life emerged for a Russian pipeline for Europe. ... more		Bad second quarter for OMV Austrian energy company OMV said it was upbeat on production but its results for the second quarter were down substantially because of lower oil prices. ... 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

NATO allies concerned for Libyan oil A joint statement from NATO allies called on all parties to the hostilities in Libya to work to ensure damage or disruption to oil installations is prevented. ... more		Oil prices move higher after OPEC expects demand to build Crude oil prices moved slightly higher at the start of trading Wednesday after a monthly report from OPEC showed a slight increase in overall demand. ... more		SpaceX to Acquire EchoStar AWS-3 Spectrum Licenses in $2.6 Billion Stock Deal Robotic exosuit designed to assist astronaut movement tested in simulated lunar mission OlmoEarth AI Platform Released to Expand Access to Planetary Data and Insights		Stimulus package emerges for scorched parts of Canada Still recovering from wildfires that caused mass evacuations, the provincial government in Alberta said it was introducing a stimulus package for businesses. ... more
Banks a 'pipeline' to low-carbon future Contributions from multilateral lending facilities are the "pipeline" to a global low-carbon future, an official at the Asian Development Bank said. ... more		Statoil starts drilling work above Arctic Circle Norwegian energy company Statoil said it started drilling operations at a field above the Arctic Circle to prepare to rebuild area natural gas stocks. ... more		Chinese workers released after Nigeria kidnap Two Chinese nationals kidnapped by gunmen near Nigeria's capital, Abuja, last weekend have been released, police said Tuesday. ... more		Sanchez Energy ups spending target for the year Already producing more than last year, U.S. shale player Sanchez Energy said it was increasing its spending plans with big payoffs expected in 2018. ... more

	Oil bubble struggles to hold air Oil prices were relatively flat in the early rounds of trading Tuesday as market watchers pulled back the curtain on momentum for supply and demand. ... more		Midwest states skew gas price average higher An issue at a BP refinery in Indiana and an uptick in road travel strained supplies, though retail prices are holding relatively stable overall, AAA said. ... more

China's new aircraft carrier enters service in key move to modernise fleet

Global tech tensions overshadow Web Summit's AI and robots

Senate Republicans defeat bill requiring Congress to approve attacking Venezuela

North Dakota rig count moves lower		DNO shorted for Kurdish oil exports		German exporters say yet to see big payday from Iran trade		Russia sees tighter energy ties with Iran, Azerbaijan		Transocean rig strikes ground
Moroccan shale output curbed because of 'earth movement'		Colorado voters to see oil, gas limits on ballot		Chevron: Game up -- again -- in Ecuador		New ceramic membrane enables first direct conversion of natural gas to liquids without CO2		Dozens of IS oil tankers destroyed in Syria strike: US

Demand forecast pulls oil prices higher

Texas somewhat optimistic about growth

Work slated for Barents, North seas

Activists: Midwest pipeline project likely dead

Report: Oil shipped from war-torn Yemen

Protesters clash with police near Iraq oil site

Wild ride for crude oil prices

Chevron wins key US appeal in Ecuador pollution case

Chesapeake Energy cut debt by $1 billion

Canada pulls North American rig count higher

Nigerian army says 11 troops killed in clashes with bandits

Russia mulls stronger ties to Iran's energy sector

Canadian Natural Resources nears 'inflection point'

Transocean outperforms its peers

Russian economic woes spreading beyond borders

Continental Resources expecting production gains

Indonesian farmers launch class action over oil spill

Offshore drillers less-than optimistic

Enbridge, Marathon grab Bakken oil pipeline

Irving Oil buys Ireland's only refinery

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