Oil and Gas News

August 17, 2016

Methane leaks: A new way to find and fix in real time
Ann Arbor MI (SPX) Aug 17, 2016
Researchers have flown aircraft over an oil and gas field and pinpointed - with unprecedented precision - sources of the greenhouse gas methane in real time. The technique led to the detection and immediate repair of two leaks in natural gas pipelines in the Four Corners region of the U.S. Southwest. The approach could inform strategies for meeting new federal limits on methane emissions from the oil and gas industry. Methane emissions have spiked in recent decades along with the boom in natural g ... read more

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Kremlin determined after Polish gas pipeline decision Expanding the Nord Stream gas pipeline through the Baltic Sea is certain to diversify the regional energy market, the Russian foreign minister said Monday. ... more		OPEC rumors catch up with U.S. gas prices Rumors of possible action from major oil-producing nations are spilling over to the retail sector, putting upward pressure on U.S. fuel prices, analysts said. ... more		More drilling starts in the North Sea London-listed Faroe Petroleum said it started an exploration program in the North Sea with its Norwegian partners as the region stages production gains. ... more
				Wood Group helps get Kazakh oil flowing Following three years of activity there, oilfield services company Wood Group said a $700 million contract in Kazakhstan will support the launch of a major oil field. ... more		Iran touts strong economic growth Not counting the contributions from oil, the Iranian economy grew 4.4 percent in the three months ending March 20, the government said. ... more

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

Brazil to get help with hard-to-reach black gold French engineering company Technip said it started work on a contract that could help Brazilian oil company Petrobras tap hard-to-reach offshore reserves. ... more		Senegal oil continues to impress Cairn Energy A lower cost of doing business offshore Senegal means operations can gain momentum at the same time that reserve estimates grow, Cairn Energy said. ... 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		Oil prices choppy on steady consumer price index A long run in the positive direction for oil prices was interrupted early Tuesday after U.S. data show little to no movement in the world's biggest economy. ... more
				North Dakota rig count lower for second week As of Monday, the number of rigs actively exploring for or producing oil and natural gas in North Dakota was lower for a second straight week, state data show. ... more		Cuban oil surveys progressing A study assessing the resource potential for parts of Cuba is progressing as planned and quickly becoming a key portfolio component, MEO Australia said. ... 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

BHP Billiton had a challenging year Australian company BHP Billiton, the largest of its kind, said Tuesday it expected payoffs from fiscal discipline after reporting its worst-ever loss. ... more		Islamic State oil commander dead A commander in charge of oil for the Islamic State was killed in operations led by multilateral forces near the Syrian border, the Kurdish government said. ... 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		Rosneft taps into Vietnamese gas field After boasting of production gains, a Vietnamese subsidiary of Russian oil company Rosneft said it completed drilling operations at an offshore field. ... more
U.S. oil more resilient than thought Some of the oil reserves in the United States may be more resilient to weak oil prices and show slow, but steady, production gains, a federal report finds. ... more		North Sea labor strikes suspended Labor strikes over pay for North Sea oil workers are suspended while all parties to the dispute sit down for a new round of talks, lead negotiators said. ... more		Maersk profits 'significantly lower' Danish shipping and oil company A.P. Moller-Maersk said its revenue declined more than 10 percent in the second quarter because of the decline in oil prices. ... more		Another volatile start for crude oil prices Crude oil prices started another trading day in volatile territory Friday as investors took stock of European economic data and OPEC policy questions. ... more

	Texas shale basin left behind 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. ... more		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

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

Advocates defend Colorado oil and gas ballot measures		Russia credits more drilling for production increase		Australia counting on offshore oil, gas for economy		Saskatchewan city starts claims process after oil spill		Volatile start for oil prices after mixed IEA report
Texas to streamline rules to help energy sector		More oil pulled from far north Russia		Europe helps fund non-Russia gas line for Finland		Bad second quarter for OMV		NATO allies concerned for Libyan oil

Oil prices move higher after OPEC expects demand to build

Stimulus package emerges for scorched parts of Canada

Banks a 'pipeline' to low-carbon future

Statoil starts drilling work above Arctic Circle

Chinese workers released after Nigeria kidnap

Sanchez Energy ups spending target for the year

Oil bubble struggles to hold air

Midwest states skew gas price average higher

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

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