Oil and Gas News

October 03, 2016

Russian deficit hinges on oil privatization
Sochi, Russia (UPI) Sep 30, 2016
The budgetary strains dragging on the Russian economy could be relieved in part through the privatization of oil companies, a minister said Friday. Russian Finance Minister Anton Siluanov said the government expects to carry a budget deficit next year, though the depth of the crunch may depend on how well plans to privatize Russian oil company Bashneft, and potentially Rosneft, proceed. "The deficit in 2016 will be 3.5-3.7 percent of gross domestic product, depending on the structure of ... read more

Previous Issues

Sep 30

Sep 29

Sep 28

Sep 27

Sep 26

Oil prices extend rally into third straight session Crude oil prices started Friday in a weak rally as market sentiments offset analyst expectations about production talks that sparked a surge earlier this week. ... more		Lundin: More hope for Barents Sea reserves New drilling operations in the Barents Sea confirmed the possibility exists for the region to be a commercial success, Lundin Petroleum said. ... more		New Norwegian energy major emerges A company that moves under the umbrella of British energy company BP said a merger that creates a new Norwegian energy major closed as of Friday. ... more
				Tullow covered for more losses offshore Ghana Insurance will cover the loss of production and claims regarding the interruption of business at one of West Africa's biggest oil fields, Tullow Oil said. ... more		India investing in offshore reserves India's oil and gas corporation said Friday it was planning to spend just over $5 billion to develop reserves locked in deep national waters. ... more

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

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		Analysts: OPEC cap more show of force than game-changer 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. ... 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		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

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

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

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		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		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		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

	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		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

Ukraine 'shouldn't target' Moscow: Trump

Trump gives Russia 50 days to make Ukraine deal

Pentagon inks contracts for Musk's xAI, competitors

Amid freeze talks, Russia expects more oil production		Russian investigative journalist says attacked in Siberia		Low growth estimate from WTO pulls oil prices lower		Vitol unloads Texas shale interests		Norwegian company closing down gas field
Growth rate cut for one of OPEC's newest members		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

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