Oil and Gas News

October 14, 2016

British government sees future potential for shale oil
London (UPI) Oct 13, 2016
Shale oil has a place in the British energy mix, but exploitation will require environmental safeguards and industry expertise, a government agency said. The future of British energy is uncertain given the downturn in the global oil sector and maturation of fields in the North Sea. Oil & Gas U.K., the industry's lobbying group, said the North Sea oil sector is in for a long period of decline, with less than $1.4 billion in new spending expected in 2016. The British Geological Survey, in ... read more

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Russia hopes for credit rating upgrade The Central Bank of Russia said Thursday there was reason to be optimistic about an upgrade to its credit rating given the pace of economic recovery. ... more		Today is Oilfield Prayer Day in Oklahoma According to a proclamation made by the state governor, Thursday marks a day of prayer for the oil sector in the shale-rich state of Oklahoma. ... more		No clear direction for oil prices after mixed EIA report Crude oil prices searched for direction in early Thursday trading after the U.S. market turned back toward the supply side, though China showed higher demand. ... more
				Maersk Oil hires Lloyd's Register for guidance Business service group Lloyd's Register said it was hired by Danish energy company Maersk Oil to support risk assessment for offshore operations. ... more		Chevron confirms Bangladesh interests may be for sale Addressing growing speculation, Chevron said Thursday it would only proceed with a sale of its interests in Bangladesh if it can get a good value in return. ... more

BP abandons Great Australian Bight drill plans 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. ... more		Construction resumes on controversial US oil pipeline The Native American tribe at the center of protests against an oil pipeline in North Dakota reacted angrily Wednesday to the resumption of construction on lands the tribe considers sacred. ... 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		Kremlin could release share in oil company Russian media reports oil company Rosneft could close on its deal to purchase its smaller rival, Bashneft, at some point on Wednesday. ... more
				OPEC data show a cut is necessary to meet Algerian A production cut from members of the Organization of Petroleum Exporting Countries would be needed to meet an Algerian proposal, OPEC's monthly report found. ... more		For How Long Can OPEC Talk Up Oil Prices? Not a day passes without OPEC making oil and gas For How Long Can OPEC Talk Up Oil Prices?s, and today is surely no exception. Seemingly in lockstep with OPEC, the market is once again pacified on t ... 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

Oil prices turn south as data trumps rhetoric Crude oil prices made a U-turn in early Wednesday trading after monthly data show a lingering gap between global supply and demand. ... more		Expect more from Iraq, oil company says New production activity at oil wells in the Kurdish north of Iraq should boost production capacity by about 10 percent, Norwegian company DNO said. ... 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		Concerns raised over Dakota Access pipeline "riots" Aggressive action from those opposed to building the Dakota Access pipeline project is out of step with conventional protest action, an energy coalition said. ... more
Canada says oil pipeline capacity lacking Oil transportation from the Canadian market remains dependent in part on rail transport because of insufficient pipeline capacity, a federal report said. ... more		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

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

Energy efficiency accelerates despite low oil prices: IEA		US government again seeks halt of pipeline opposed by Native Americans		Shale gas not EPA has pushed decline in coal-generated electricity		Scotland says 'no way' to controversial gas option		OMV closes on sale of stake in bright North Sea prospect
Crude oil prices stand still after long rally		Baker Hughes: North America showing recovery		British shale gas work gets the green light		Most of Sudan's oil opportunities have vanished, IMF says		Alaska gushes over new oil discovery in the North Slope

Iran touts new contracts for domestic oil companies

Venezuela to discuss Algerian oil accord with Russia

Russia sets eyes on Baltic energy market

No apparent end to rally in crude oil prices

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

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