Oil and Gas News

September 30, 2016

Analysts: OPEC cap more show of force than game-changer
New York (UPI) Sep 29, 2016
A move by OPEC to call for a cap on oil production shows the group is still relevant, though the decision doesn't do much for market dynamics, analysts said. Members of the Organization of Petroleum Exporting Countries met with ministers from other producing nations in Algeria to review the appetite for taking extraordinary action to stimulate crude oil prices, which remain about 50 percent below levels from two years ago. In a concluding statement, OPEC said it could no longer ignore th ... read more

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Sep 29

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Sep 26

Sep 23

British energy group pleads for support Oil and gas exploration activity off the British coast is at a record low and the government needs to step in with its full weight, an industry body said. ... more		U.S. aims to protect marine ecosystems from offshore work The U.S. government said it was offering up new proposals aimed at protecting marine mammals and coastal environments from some offshore energy work. ... more		Texas energy sector remains depressed Remnants of a slump in the oil and gas sector are still evident in the Texas economy even as signs of improvement emerge, a bank survey found. ... more
				Statoil asked for quick response to oil spill probe Norwegian energy company Statoil has about a month to explain how it will address deficiencies that led to a minor oil spill last year, a regulator said. ... more		Weatherford cheated investors, SEC says Oilfield services Weatherford International agreed to pay a penalty to settle charges it inflated its earnings reports to align with projections, the SEC said. ... more

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

Maersk taps into giant British gas field Danish energy company Maersk Oil said it started drilling the first production well from a field that's expected to meet 5 percent of British demand for gas. ... more		Where will oil prices go after Algiers Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this week may not do much to rescue oil prices. Following the media ... more		Underappreciated threat of nanoplastic pollution revealed in Atlantic Ocean study Deadly China-Nepal flood caused by glacial lake: experts New UK weather records being set 'very frequently': report		Shell adds capacity to Gulf of Mexico portfolio Dutch supermajor Shell said it was spending $350 million to increase its holdings over two companies with strong positions in the U.S. Gulf of Mexico. ... more
				Jordan secures contract for gas from Israel's Leviathan field A Jordanian power company has agreed to a take-or-pay scheme tied to the imports of natural gas from the Leviathan field offshore Israel, Noble Energy said. ... more		Oil price rally stalls day after OPEC maneuvering A day after one of the sharpest rallies for oil prices, markets struggled early Thursday as traders digested the nuances of the latest OPEC maneuver. ... more

6th Annual Modular Construction Summit for Oil and Gas Agenda - December 7-9 - Houston

Nuclear Plant Digitalization Conference - Nov 15-16 - Charlotte NC USA

Chevron searching for bodies after crash offshore Angola At least four people are dead and two are unaccounted for after a helicopter crashed on its way to an oil platform offshore Angola, Chevron confirmed. ... more		Saudi navy to hold Gulf exercises amid Iran tensions Saudi Arabia's navy will hold exercises in the Gulf and the strategic Strait of Hormuz early next week, the navy chief said on Wednesday, as tensions simmer with Iran. ... more		Skimming the Sun, probe sheds light on space weather threats What Casino Games are Available at 1xBet India and How Many Can You Play? Astronauts from US, India, Poland, Hungary on SpaceX capsule return to Earth		Record demand, pipeline issues pull gas prices higher Following a robust month for demand, an expected drop in U.S. retail gasoline prices was delayed by pipelines issues in the south, a market report said. ... more
Amid freeze talks, Russia expects more oil production An official at Russian oil company Rosneft said oil production from a field in the Far East could increase by as much as 20 percent next year. ... more		Russian investigative journalist says attacked in Siberia Russian investigative journalist Grigory Pasko, who was jailed for espionage for exposing radioactive pollution by the navy, said Tuesday he was hit on the head by unidentified attackers in Siberia. ... more		Low growth estimate from WTO pulls oil prices lower Crude oil prices moved lower in early Tuesday trading amid dimming prospects for an oil production agreement in Algeria and a drop in global growth estimates. ... more		Vitol unloads Texas shale interests Global energy trader Vitol said it was leaving Texas shale in good hands following a sale of its holdings to pipeline operator Sunoco Logistics. ... more

	Norwegian company closing down gas field Norwegian energy company Statoil said it pulled out of a rig contract early as decommissioning of a North Sea gas field moves ahead of schedule. ... more		Growth rate cut for one of OPEC's newest members The economy of Indonesia, one of the newest members of OPEC, is on the decline, but could recover as policy reforms take hold, the Asian Development Bank said. ... more

Ukraine 'shouldn't target' Moscow: Trump

Trump gives Russia 50 days to make Ukraine deal

Pentagon inks contracts for Musk's xAI, competitors

Giant Kazakh oil field to be in production by year's end		Canada approves $36 bn LNG project, eyes Asia		French energy company grabs Chinese gas agreement		Evidence of well water contamination in Eagle Ford Shale region		Nigerian oil export pipeline attacked
U.N. steps into Dakota oil pipeline fight		Satellites help link Texas earthquakes to wastewater injection		Texas oil production up slightly from early summer		Russia: Oil production freeze not essential		Pemex tanker listing after fire in Gulf of Mexico

Peruvian authorities report two oil spills in Amazon

Rig company Lamprell gets crack at Johan Sverdrup

Frack Sand: The Unsung Hero Of The OPEC Oil War

Norway leaves rates unchanged

Iraq-focused Gulf Keystone Petroleum ready to rise

Helicopter safety on Statoil's radar after fatal April accident

No oil production cuts on table, Russia says

Rig builder Lamprell said it's able to weather the storm

Tullow: Losses from fault at Ghanaian oil field covered

Maersk splits in two

Anxiety enough to push oil prices higher

US and regional powers urge Libya not to fight over oil

Multilateral support for more Libyan oil

Exxon settles over 2011 Yellowstone River oil spill

Eni adds renewable energy to Algerian portfolio

Crude oil riding the Yellen train

Fossil fuel reserves would crush climate goals: report

Scotland offers assurances to energy sector

Norway sees sustained interest in offshore reserves

Oil prices rally on inventory data

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