Oil and Gas News

October 20, 2016

BHP Billiton sees market balance approaching
Canberra, Australia (UPI) Oct 19, 2016
The energy market should improve over the next year or so as signs of rebalancing appear on the horizon, Australian company BHP Billiton said. The company, among the largest of its kind, said Wednesday the combination of capital discipline and market improvements were cause for mid-term optimism. "We have seen early signs of markets rebalancing," CEO Andrew Mackenzie said in a statement. "Fundamentals suggest both oil and gas markets will improve over the next 12 to 18 months." Th ... read more

Previous Issues

Oct 19

Oct 18

Oct 17

Oct 14

Oct 13

Solid earnings from energy players lift oil prices Upbeat sentiment expressed by some of the largest energy companies in the world helped push crude oil prices into rally mode in early Wednesday trading. ... more		No basis to Greenpeace claims, Norway says In response to a lawsuit brought by environmental groups, the Norwegian government said there were no grounds to support an about face on Arctic oil. ... more		Iran sees Maersk role in South Pars oil effort Iran said it's reached out to Danish energy company Maersk to coordinate on ways to get oil out of the South Pars reservoir in the Persian Gulf. ... more
				Halliburton turns a profit Oilfield services company Halliburton said Wednesday it turned a profit after a downturn in the industry characterized by its CEO as devastating. ... more		LNG considered for maritime shipper fuel French energy company ENGIE said it was moving on efforts to promote liquefied natural gas as an alternative fuel source for maritime shippers. ... more

BP's Dudley: It's not demand that's the problem BP's top executive said at an energy conference in London on Tuesday that headwinds for the oil and gas industry were present in the form of oversupply. ... more		Oil prices rise as OPEC chatter strikes again Oil prices moved higher in early Tuesday trading as OPEC interjected itself back into the market conversation by reiterating prospects for a production freeze. ... 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		Activists sue Norway over Arctic oil drilling Environmental groups filed a lawsuit against energy-rich Norway on Tuesday to stop oil drilling in the Barents Sea. ... more
				More reserves uncovered in Norwegian waters A day after confirming a new discovery of natural resources in the North Sea, the Norwegian government said more oil was uncovered in the Norwegian Sea. ... more		Relief finally coming at the pump Seasonal trends in retail prices may finally be taking hold in the U.S. gasoline market as prices drop for 10 straight days, motor club 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

UBC research offers faster way to confirm safety of oil and gas pipelines A simple vibration test can help oil and gas companies prevent pipeline spills in a way that is faster and cheaper than conventional methods, a UBC study shows. The study, conducted at UBC's O ... more		Greenpeace sues Norway over Arctic oil Environmental group Greenpeace said Tuesday it filed a lawsuit against the Norwegian government for giving energy companies consent to drill in Arctic waters. ... 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		Cuban oil explorer lifted by easing U.S. sanctions One of the few foreign energy companies working in Cuba said the momentum is moving in its favor as the U.S. government eases restrictions on its Cold War foe. ... more
Russia eyes gas shipments to India The Russian and Indian governments may be interested in working together on getting natural gas piped from the former to the latter, a joint statement read. ... more		British energy supplier SSE loosens grip on gas business British energy supplier SSE said it agreed to sell off a portion of its regional gas distribution business to an Abu Dhabi investment entity. ... more		Oil prices lower as U.S. industrial production shows gain Signs of growing confidence in the U.S. economy and building supplies elsewhere pulled oil prices lower early Monday despite conflict in OPEC states. ... more		France orders additional offshore support vessels Kership, a joint Piriou-DCNS shipbuilding company in France, is to build two additional offshore support and rescue vessels for the French navy. ... more

	More gas found in North Sea A Norwegian regulator said a discovery of mostly natural gas was made in part of the North Sea not previously known to hold natural reserves ... more		Fitch Ratings latest to grimace at Nigeria's economy Contraction in the Nigerian economy, brought on in part by weaker oil prices, may make it difficult for the government to control its debt, Fitch Ratings 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

Iranian crude oil production rising		More oil pending from Angola		Kashagan crude oil ready for exports		Georgia, a former Soviet republic, joins European energy treaty		Oil prices inch lower after concluding statement from OPEC
Support offered to online energy auctions in face of fierce protests		Alberta looks for better gains from natural reserves		Natural gas hydrate in the foraminifera		British government sees future potential for shale oil		Russia hopes for credit rating upgrade

Today is Oilfield Prayer Day in Oklahoma

No clear direction for oil prices after mixed EIA report

Maersk Oil hires Lloyd's Register for guidance

Chevron confirms Bangladesh interests may be for sale

Construction resumes on controversial US oil pipeline

Kremlin could release share in oil company

OPEC data show a cut is necessary to meet Algerian

For How Long Can OPEC Talk Up Oil Prices?

Oil prices turn south as data trumps rhetoric

Expect more from Iraq, oil company says

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

BP abandons Great Australian Bight drill plans

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