Oil and Gas News

October 06, 2016

Direct utilization of elemental sulfur for microporous polymer synthesis
Daejeon, South Korea (SPX) Oct 06, 2016
Methane, a primary component of natural gas, has emerged recently as an important energy source, largely owing to its abundance and relatively clean nature compared with other fossil fuels. In order to use natural gas as a fuel, however, it must undergo a procedure called "hydrodesulfurization" or "natural gas sweetening" to reduce sulfur-dioxide emissions from combustion of fossil fuels. This process leads to excessive and involuntary production of elemental sulfur. Although sulfur is one of the ... read more

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Most of Sudan's oil opportunities have vanished, IMF says Fragility in Sudan brought on by regional conflicts is exacerbated by the loss of most of its oil export potential, the International Monetary Fund said. ... more		Alaska gushes over new oil discovery in the North Slope Alaska Gov. Bill Walker said commitments to the state energy sector have paid off in the form of a major oil discovery in the state's North Slope region. ... more		Iran touts new contracts for domestic oil companies Iran is on its way to reaching its production goals for the 2020s with the start of operations at oil fields under a new contract model, the government said. ... more
				Venezuela to discuss Algerian oil accord with Russia Talks with Russian officials this week could add additional weight to an oil production agreement reached last week in Algeria, Venezuela's president said. ... more		Russia sets eyes on Baltic energy market Russian energy company Gazprom is reviewing options for highly maneuverable gas shipments from Baltic states aside from pipeline commitments, an official said. ... more

No apparent end to rally in crude oil prices Crude oil prices soared to near record territory for the year in early Wednesday trading following industry reports of a sizeable drop in oil inventory levels. ... 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		Ash improves methane yield and fertilizer value in biogas systems Bio-oil from agricultural and forest waste could help seal abandoned oil wells and store carbon Rice researchers turn wasted data center heat into clean power		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		No sign of normal slump in retail gas prices Problems with energy infrastructure in the United States and production considerations from OPEC mean delays in expected declines in gas prices, AAA said. ... 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: 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		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		First Tranche 1 satellites launched for Space Development Agency network ICEYE unveils ISR Cell to deliver space intelligence at tactical scale Satlink joins Rivada to deliver secure satellite connectivity for defense and enterprise		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
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		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

	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		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

Romania says Russian drone breached its airspace

MSBAI wins DoD contract to accelerate OrbitGuard for space situational awarenes

AI powered SAR imagery analysis tool launched by SATIM and ICEYE

Oil prices extend rally into third straight session		Lundin: More hope for Barents Sea reserves		New Norwegian energy major emerges		Tullow covered for more losses offshore Ghana		India investing in offshore reserves
Analysts: OPEC cap more show of force than game-changer		British energy group pleads for support		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

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