Oil and Gas News

August 23, 2016

New gas extraction methods increase price responsiveness
Washington DC (SPX) Aug 23, 2016
Over the past decade, the shale revolution, driven by unconventional methods such as hydraulic fracturing and horizontal drilling techniques, has fundamentally changed how natural gas is produced in the United States. One of the effects of this transformation is that producers are able to more quickly ramp up gas production in response to changing demand, suggesting we are now in an era of increased price stability for the natural gas sector, according to a new study posted by Resources for the Fu ... read more

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Three tremors in 24 hours near Oklahoma shale country Three minor seismic events were recorded near the shale reserve areas in Oklahoma in the past 24 hours, data for the U.S. Geological Survey show. ... more		Oil-rich Texas sees slight employment gains While some sectors are still seeing obvious pressure, employment data in Texas show the economy is showing signs of improvement, a federal bank said. ... more		Nicaragua refinery fire under control: officials Firefighters have contained a massive refinery fire on Nicaragua's Pacific coast, officials said Sunday. ... more
				Oil price rally hits a wall Crude oil prices ended one of their longest streaks of gains in years as doubts over possible production action gained traction in early Monday trading. ... more		Niger Delta Avengers consider de-escalating conflict The Niger Delta Avengers, a militant group tied to production problems in OPEC-member Nigeria, said it was open to some form of collective negotiations. ... more

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

North Dakota rig count lower for third straight week For the third week in a row, state data show the number of rigs actively exploring for or producing oil and natural gas in North Dakota declined. ... more		Russia gas pipelines in Georgia targeted by militants Russian media reported Monday that suspected terrorists in the former Soviet republic of Georgia were arrested for plotting attacks on area gas pipelines. ... 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 North Sea oil pending 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. ... more
				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		Gas lines hit by military shells in eastern Ukraine Russian media Friday reported three natural gas pipelines in the self-proclaimed eastern Ukrainian republic of Donetsk were damaged by artillery fire. ... 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

Statoil rolls out North Sea development plans Norwegian energy company Statoil said Friday it planned to spend more than $100 million to tap into new a oil and gas discovery in the North Sea. ... more		Australia's Santos takes a $1.1 billion loss Acknowledging there's more work to do in the market downturn, Australian energy company Santos said it was moving forward with tight purse strings. ... 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		Oil from refinery blast slickens Nicaragua habitat: environmentalists A massive refinery fire in Nicaragua caused an oil spill that has contaminated sensitive nearby coastal habitat, a nonprofit group here said. ... more
Industry data dump show U.S. energy dynamics even Market dynamics for petroleum and petroleum products in the United States show a degree of balance as demand weighed against inputs, industry data show. ... more		Oil prices mixed after long, sustained rally Crude oil prices entered Friday in steady territory ahead of a data release on exploration and production trends, though economic data show little momentum. ... more		Lauded North Sea oil reserve area dry so far After boasting of the potential in the northern waters of the North Sea, a British energy company reported mixed results from an appraisal well. ... more		U.S. mulling new leases for Gulf of Mexico drillers U.S. offshore energy regulators said they're seeking input on the potential to offer more than 70 million acres up for drilling in the Gulf of Mexico. ... more

	Carbon molecular sieve membranes could cut energy in hydrocarbon separations A research team from the Georgia Institute of Technology and ExxonMobil has demonstrated a new carbon-based molecular sieve membrane that could dramatically reduce the energy required to separate a ... more		Gulf of Mexico still essential for energy The deep waters of the U.S. Gulf of Mexico continue to be one of the more prolific sources of oil and natural gas, the federal government 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

Nigerian oil output may stay low through 2017		Reducing gas flares and pollution from oil production		DNO touts advantage of merging with Gulf Keystone Petroleum		Oil now flowing from offshore Ghana		Brent crude oil breaks through $50
Continental Resources sells acreage to balance books		Methane leaks: A new way to find and fix in real time		Kremlin determined after Polish gas pipeline decision		OPEC rumors catch up with U.S. gas prices		More drilling starts in the North Sea

Wood Group helps get Kazakh oil flowing

Iran touts strong economic growth

Brazil to get help with hard-to-reach black gold

Senegal oil continues to impress Cairn Energy

Oil prices choppy on steady consumer price index

North Dakota rig count lower for second week

Cuban oil surveys progressing

BHP Billiton had a challenging year

Islamic State oil commander dead

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

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