Oil and Gas News

October 17, 2016

Natural gas hydrate in the foraminifera
Beijing, China (SPX) Oct 17, 2016
Natural gas hydrates are clathrate hydrates that consist of water molecules and natural gas molecules (major constituent: methane). They are mainly distributed along continental slopes of the oceans or permafrost regions on land. Highly saturated hydrate reservoirs may be ideal alternative energy resources, which makes them an important target area for the exploitation and utilization of natural gas hydrates. Generally, influenced and restricted by the grain size of the sediments, natural gas hydr ... read more

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More oil pending from Angola Italian energy company Eni said it was one step closer to its goal of pulling more oil from Angola with the pending launch of an offshore production facility. ... more		Kashagan crude oil ready for exports The first batch of crude oil from the giant Kashagan oil field off the coast of Kazakhstan has been processed and destined for exports, an operator said. ... more		Georgia, a former Soviet republic, joins European energy treaty Europe is laying a broader foundation under its collective energy system with a partnership with Georgia, a former Soviet republic, an official said. ... more
				Oil prices inch lower after concluding statement from OPEC Crude oil prices drifted lower from the previous session at the start of Friday trading even after positive production talks in Istanbul from OPEC members. ... more		Support offered to online energy auctions in face of fierce protests Protests against a North Dakota oil pipeline that some authorities have said are violent supports a push to hold oil and gas leases online, backers said. ... more

Alberta looks for better gains from natural reserves Alberta needs a forward-looking strategy to make the most out of its vast wealth of natural resources for the sake of the economy, provincial leaders said. ... 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		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		British government sees future potential for shale oil Shale oil has a place in the British energy mix, but exploitation will require environmental safeguards and industry expertise, a government agency said. ... more
				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

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 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		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		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
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		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

	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

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

Concerns raised over Dakota Access pipeline "riots"		Canada says oil pipeline capacity lacking		Saudi energy company courts Turkish players		Russia backs Algerian and Turkish oil sectors		U.S. oil sector rising; Alberta recovering
Oil prices relatively flat, awaiting next move		Statoil to start new survey of Johan Sverdrup		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

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