Oil and Gas News

October 11, 2016

Shale gas not EPA has pushed decline in coal-generated electricity
Cleveland, OH (SPX) Oct 10, 2016
Cheap shale gas produced by fracking has driven the decline in coal production in the United States during the last decade, researchers at the Great Lakes Energy Institute at Case Western Reserve University have found. Power plants, which use 93 percent of the coal produced nationally, have been operating under the same EPA regulations signed into law by President George H.W. Bush in 1990. Proposed new rules since then have all been challenged in court and not implemented until June 2016, when the ... read more

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Scotland says 'no way' to controversial gas option Gas derived from underground coal deposits will have no place in a greening Scottish economy, the country's minister for energy announced. ... more		OMV closes on sale of stake in bright North Sea prospect Austrian energy company OMV said it sold off some of its stake in a North Sea oil and natural gas project to a Canadian rival to streamline its portfolio. ... more		Crude oil prices stand still after long rally Crude oil prices started Friday in relatively flat territory as investors searched for clues in the latest monthly jobs data from the United States. ... more
				Baker Hughes: North America showing recovery North America recorded a 6 percent increase in exploration and production activity, though figures are still far lower than this time last year, data show. ... more		British shale gas work gets the green light Industry appeals to local challenges to hydraulic fracturing operations were upheld and that work can now proceed, the British government said Thursday. ... more

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		ICEYE satellite data accelerates flood relief in southern Brazil Massive Boulders Ejected During DART Mission Complicate Future Asteroid Deflection Efforts Peatland restoration shows measurable climate benefits in under a decade		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

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

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

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		U.S. importing more OPEC oil Even with a change in laws that allow for exports, total U.S. crude oil imports increased with net gains coming from OPEC nations, government data show. ... more		Space Forge and Intuitive Machines team up to boost US orbital chip production New Martian rock reveals clues about volcanic history on the Red Planet Six Chinese universities to launch new low altitude space major this fall		Another day, another oil price rally Crude oil prices rallied strongly at the start of trading Thursday on the back of shifting sentiment in the wake of last week's OPEC agreement in Algeria. ... more
World Bank: Middle East oil exporters face low growth Oil exporters in the Middle East and North Africa are expected to show lackluster economic growth because of lower oil prices, the World Bank said. ... more		Mexico, U.S., join hands offshore Regional cooperation is a critical component for the shared environmental objectives on energy work in the Gulf of Mexico, U.S. and Mexican officials said. ... more		Direct utilization of elemental sulfur for microporous polymer synthesis 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 ... 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

	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

Airbus to develop advanced PAZ-2 radar satellites for Spanish defence and civil operations

Rocket Lab partners with Bollinger Shipyards to transform Neutron sea recovery platform

Russia fires 136 drones at Ukraine ahead of Trump-NATO head meeting

No sign of normal slump in retail gas prices		Chevron: Wreckage from offshore Angola found		Transocean resurrects idled rig at lower day rate		Oil continues to rally against analyst warnings		Russian oil company shares up on privatization talk
Iran expects new oil contracts signed by March		Wildfire financial relief expiring in Alberta		Deepwater Horizon oil spill caused widespread marsh erosion		BP: Let nature run its course with North Sea oil spill		Russian deficit hinges on oil privatization

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

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