Oil and Gas News

August 18, 2016

More North Sea oil pending
London (UPI) Aug 17, 2016
Sending samples off to a Scottish testing site is an important step in confirming millions of barrels of oil for development, a North Sea-focused company said. Independent Oil and Gas said it was sending oil pulled from its Skipper discovery in the northern waters of the North Sea for testing. "The initial data acquired from the Skipper well, our first operated well, is an excellent result," CEO Mark Routh said in a statement. "This is a significant step for [our company] towards achievi ... read more

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Indonesia says oil tanker 'taken by crew' not hijacked An oil tanker carrying 900,000 litres of diesel, believed hijacked in Malaysia, has been taken back to Indonesia by its crew following a commercial dispute, the Indonesian navy said Wednesday. ... more		Statoil tracking toward low-carbon future Because it accounts for the bulk of the emissions for producers, Norwegian energy company Statoil said it was laying the groundwork for a low-carbon future. ... more		Oil prices mixed after steep losses overnight Crude oil prices migrated toward positive territory after steep overnight losses Wednesday emerged as analysts mulled the prospects of OPEC price action. ... more
				Iran reviewing oil swaps with Caspian neighbors Halted since 2012, Iran aims to resume oil swaps with its neighbors sharing borders with the Caspian Sea, a northern Iranian oil terminal agency said. ... more		BP reaches new heights offshore Azerbaijan A BP subsidiary working in the Caspian Sea announced it reached a landmark for oil pulled from Azeri waters with its 3 billionth barrel. ... more

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

No such thing as idled, U.S. tells pipeline operators Pipeline operators need to ensure safety is centered around either active or abandoned status as idled is not recognized by law, the U.S. government said. ... more		Methane leaks: A new way to find and fix in real time 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 ... more		NATO chief talks Arctic security with Rubio amid US Greenland push Danish PM says Greenland showdown at 'decisive moment' after new Trump threats Ankara city hall says water cuts due to 'record drought'		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

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

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		NASA says targeting ISS medical evacuation for January 14 Barred spiral galaxy spotted 11.5 billion years in the past China tallies record launch year as lunar and asteroid plans advance		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		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

	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

Netanyahu says wants Israel to cope without US aid within decade

Fresh from China, South Korea president to visit Japan

Turning point? Canada's tumultuous relationship with China

Rosneft taps into Vietnamese gas field		U.S. oil more resilient than thought		North Sea labor strikes suspended		Maersk profits 'significantly lower'		Another volatile start for crude oil prices
Texas shale basin left behind		Statoil to develop cross-border gas field		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

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