Oil and Gas News

September 02, 2016

Putin ally says oil privatization still on the table
Vladivostok, Russia (UPI) Sep 1, 2016
An oil executive in Russia said the privatization of one of the country's larger oil companies will be resolved when the timing is right. According to Russian news agency Tass, a government spokesperson said in mid-August the privatization scheme for Bashneft was postponed. The Kremlin has been reviewing privatization options as the Russian economy risks lingering in recession because of the strains brought on by Western sanctions and low crude oil prices. In March, finance officials sai ... read more

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Development plans for Senegalese oil unveiled An oil field off the coast of Senegal is considered a commercial prospect with a capacity to produce 140,000 barrels of oil per day, an Australian company said. ... more		Oil prices sink as balance sentiment fades Tepid labor reports from the United States and signs that global crude oil supplies were accumulating sent oil prices lower at the start of trading Thursday. ... more		Lundin next driller in line for Barents Sea With an emerging focus on northern reserves, a Norwegian energy regulator said it gave a petroleum company approval to start drilling in the Barents Sea. ... more
				Analysts say oil market balance hasn't appeared yet A lauded possibility of a narrowing gap between supply and demand in the market for crude oil has yet to materialize on the global stage, analysts said. ... more		Chevron starts gas production offshore Indonesia Indonesia is now producing natural gas from a deep-water site that represents a milestone for the country's energy goals, a Chevron subsidiary said. ... more

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

Russia: Turkish gas pipeline progress continues A Russian energy official met in Istanbul with Turkish leaders to review options for moving ahead with a gas pipeline project, Russia's Gazprom said. ... more		Security concerns prompt Canada to halt pipeline review Security concerns at a panel session for a proposed oil pipeline in Canada prompted a suspension of the review process, a Canadian energy regulator 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		With oil on the radar, Senegal gets good IMF marks Emerging as a potential oil producer, the economy in Senegal is stable with a growth rate of around 6 percent expected, the International Monetary Fund said. ... more
				Oil prices resume downturn A discount of any bullish sentiments in the market for crude oil helped push benchmark prices lower to start the trading day on Wednesday. ... more		Statoil sets sights on Barents Sea Norwegian energy company Statoil said it aims to extend its reach north to the Barents Sea next year in an effort to replenish its exploration portfolio. ... 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

Nigeria's oil-based economy stumbles Slipping into a formal recession, the Nigerian government said the contribution of oil to economic growth slipped slightly more than 2 percent. ... more		Restructuring Iraqi oil player seeking more capital A potential takeover target, Iraqi-focused company Gulf Keystone Petroleum said it was offering up common shares in an effort to raise more capital. ... 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 sands fires send Canada GDP reeling in Q2 Forest fires in Canada's oil sands region that disrupted production have pummeled the country's economy, sparking the biggest quarterly decline in GDP in seven years, according to government figures released Wednesday. ... more
Kremlin: Nothing yet on privatizing oil company The Kremlin has yet to make any definitive decisions on the privatization of one of the country's bigger oil companies, a presidential spokesman said Tuesday. ... more		Shell takes cash offer for Gulf of Mexico assets In a deal that included $425 million in cash, Royal Dutch Shell said it sold off its entire stake in assets held in the U.S. waters of the Gulf of Mexico. ... more		Oil prices edge higher on Gulf of Mexico weather woes Crude oil prices ticked higher in early Tuesday trading amid weather concerns in the U.S. Gulf of Mexico and Saudi Arabian pivots toward Asia. ... more		Uganda expects billions of dollars in oil investments The Ugandan government said Tuesday it awarded petroleum production licenses to companies expected to invest billions of dollars in oil development. ... more

	Retail gas prices rally ahead of U.S. travel holiday Retail gasoline prices in the United States are on the rise ahead of the last major travel holiday season of the year, motor club AAA reported. ... more		Expect invitations next month, Iran tells energy companies Iran in September will send out invitations to energy companies to vet interest in the first contracts in the post-sanctions area, a director said Tuesday. ... 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

Colorado ballot measures on oil, gas stalled		Tehran: We'll survive era of low oil prices		Ailing but oil-rich Kazakhstan lent a hand		North Dakota rig count lower for fourth straight week		Oil prices lower on Yellen hangover
Sinopec blames slow economic growth for slump		Statoil: Expect more for less at Johan Sverdrup		Exposure to chemicals released during fracking may harm fertility		Air contamination near fracking sites result of operational inefficiencies		NATO in favor of political moves in oil-rich Libya

British oil production up from last year

Modest interest in latest Gulf of Mexico lease

Russian oil company posts production gains

Low oil prices a win for consumers

EIA: OPEC oil revenue down nearly 50 percent

Norway hopes to squeeze more out of North Sea

Iran's oil minister defends market share

2017 will be clearer, offshore drilling company says

API: U.S. gas a strategic asset

Dakota Access Pipeline poses an 'existential' threat

CNOOC reports $1.16 bn net loss

Nanofur for oil spill cleanup

Scientists develop nanofur material to soak up oil

White House urged to ban Atlantic Ocean seismic activity

PetroChina profit almost wiped out in first half

Oil prices move lower as OPEC doubts persist

Norway expects slump in oil, gas investments

Gazprom says it's not impacted by sanctions

Analyst: Oil near $50 not good for a freeze

Alberta's economy hit by May wildfires

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