Oil and Gas News

October 12, 2016

BP abandons Great Australian Bight drill plans
Sydney (AFP) Oct 11, 2016
British oil giant BP Tuesday ditched plans to drill in the Great Australian Bight after reviewing its global exploration programme, a decision environmentalists hailed as a victory for the pristine wilderness. The company had wanted to drill four deep exploration wells in waters off the South Australian coast to see whether commercial quantities of oil or natural gas are present. But it was a controversial move with the huge bight a haven for whales, seals, dolphins and penguins and home to sea ... read more

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Oct 05

Saudi energy company courts Turkish players Saudi Arabia's energy company said it reached a series of agreements in the Turkish energy market that could double the amount of energy-related goods produced. ... more		Russia backs Algerian and Turkish oil sectors Russia media reported Monday the country is in line to join an oil production curtailment agreement proposed last month by OPEC members in Algeria. ... more		U.S. oil sector rising; Alberta recovering The amount of activity in the exploration and production side of the U.S. oil and gas sector suggests declines have bottomed out, an industry report said. ... more
				Oil prices relatively flat, awaiting next move Anticipation building ahead of key market indicators this week weighed against mixed oil production signals to give oil yet another shot at a rally Tuesday. ... more		Statoil to start new survey of Johan Sverdrup A petroleum regulator in Norway gave consent to Statoil to start new surveys in the Johan Sverdrup field, one of the larger new developments in the region. ... more

Energy efficiency accelerates despite low oil prices: IEA Energy efficiency accelerated last year despite low oil prices, according to a report from the International Energy Agency published Monday, driven in large part by gains in China. ... more		US government again seeks halt of pipeline opposed by Native Americans The US government reiterated its request Monday that construction of an oil pipeline in North Dakota be paused, while authorities consider the impacts of its route on a Native American tribe. ... 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		Shale gas not EPA has pushed decline in coal-generated electricity 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 Un ... more
				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

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

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

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		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		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		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

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

U.S. importing more OPEC oil		Another day, another oil price rally		World Bank: Middle East oil exporters face low growth		Mexico, U.S., join hands offshore		Direct utilization of elemental sulfur for microporous polymer synthesis
OPEC-fueled rally in oil prices spills into October		Carnival to power cruise ships with LNG		Marathon Oil sells U.S. acreage		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

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