Oil and Gas News

October 05, 2016

No sign of normal slump in retail gas prices
Washington DC (UPI) Oct 03, 2016
Problems with energy infrastructure in the United States and production considerations from OPEC mean delays in expected declines in gas prices, AAA said. Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.22, relatively unchanged from one month ago. In the domestic market, even though consumers may be pressuring demand, AAA said crude oil supplies are adequate. Some markets, however, may still be adjusting to a problem with the infrast ... read more

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Oct 04

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Sep 30

Sep 29

Transocean resurrects idled rig at lower day rate Rig company Transocean reported a new contract emerged for a long-idled rig, but reported the lease rate came in far below the previous contract. ... more		Oil continues to rally against analyst warnings Threats from the latest storm system in the Atlantic were enough to push a rally in oil prices into another day Tuesday even as supplies elsewhere look to build. ... more		Iran expects new oil contracts signed by March Foreign companies are busy studying the possibility of signing deals to work in the Iranian sector, with ink to paper expected by March, the oil minister said. ... more
				Wildfire financial relief expiring in Alberta More than $75 million has been paid out to families coping with wildfires that crimped Canada's oil-focused economy, a provincial government said. ... more		Deepwater Horizon oil spill caused widespread marsh erosion The Deepwater Horizon oil spill six years ago caused widespread marsh erosion that may be permanent in some places, according to a new Duke University-led analysis of 270 miles of the Louisiana, Mis ... more

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

BP: Let nature run its course with North Sea oil spill While it's too early to offer an estimate on volumes, British oil company BP said Monday it would let oil spilled in the North Sea disperse naturally. ... more		OPEC-fueled rally in oil prices spills into October Market sentiment prevailed over analyst pessimism to carry a rally sparked by the latest maneuvering from OPEC into the first trading day for October. ... more		Ivory Coast farmers hope tech tempts jaded youth back to fields Tajikistan's apricot farmers grapple with climate change Drought-hit Serbian raspberry farmers fear 'catastrophic' future		Carnival to power cruise ships with LNG Maritime travel company Carnival Corp. said Monday it signed a deal to power its cruise ships with liquefied natural gas from Dutch energy company Shell. ... more
				Marathon Oil sells U.S. acreage U.S. energy major Marathon Oil said Monday it signed a deal to sell off some of its non-core assets in the southern United States for $235 million. ... more		Chevron: Wreckage from offshore Angola found A subsidiary of Chevron said search teams found some of the wreckage of a helicopter that crashed offshore Angola last month with six people on board. ... 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

Russian oil company shares up on privatization talk Shares in Russian oil company Bashneft spiked in Monday trading on word the company may go private in a matter of weeks, Russian media reported. ... more		Russian deficit hinges on oil privatization The budgetary strains dragging on the Russian economy could be relieved in part through the privatization of oil companies, a minister said Friday. ... more		Astronauts from US, India, Poland, Hungary on SpaceX capsule return to Earth Skimming the Sun, probe sheds light on space weather threats Space Forge and Intuitive Machines team up to boost US orbital chip production		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

	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		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

Patriot air defences for Ukraine: Useful but no panacea

Iran says no nuclear talks if US insists it stop enrichment

China's Xi vows greater support for Russia as meets Lavrov

U.S. aims to protect marine ecosystems from offshore work		Texas energy sector remains depressed		Statoil asked for quick response to oil spill probe		Weatherford cheated investors, SEC says		Maersk taps into giant British gas field
Where will oil prices go after Algiers		Shell adds capacity to Gulf of Mexico portfolio		Jordan secures contract for gas from Israel's Leviathan field		Oil price rally stalls day after OPEC maneuvering		Chevron searching for bodies after crash offshore Angola

Saudi navy to hold Gulf exercises amid Iran tensions

Record demand, pipeline issues pull gas prices higher

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

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