Oil and Gas News

October 21, 2016

Yemen too violent for energy work
Vienna (UPI) Oct 20, 2016
Despite a brief halt to the fighting, the security situation in Yemen is too volatile to return to production, Austrian energy company OMV said. U.S. Secretary of State John Kerry this week expressed support for a three-day halt to the fighting in Yemen. All warring factions in the country agreed to a proposal offered by a Saudi-led collation and the United Nations to halt fighting as of Wednesday. "We ask the parties to take all steps necessary to advance the implementation of this cess ... read more

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Oct 17

Oct 14

Things are looking good, Woodside Petroleum says Deals emerging since the start of a rough year were a net positive for Australian energy company Woodside, which offered good output and financial results. ... more		Scotland moves forward on independence bid The Scottish government said Thursday it was taking another look at independence, two years after betting it could go alone using oil and gas revenue. ... more		Russian oil company sends mixed signal on supply issues Oil prices will move past $55 per barrel as supply-side pressures ease next year, though Russia has the ability to boost output if need be, Rosneft's CEO said. ... more
				Subsea 7 lands new work offshore Egypt British energy services company Subsea 7 said it secured a contract valued at more than $150 million for work offshore Egypt, four months after deep staff cuts. ... more		Oil prices sink on suggestions of a bubble Mixed signals on market dynamics from Russia and mention of a possible bubble sent crude oil prices deep into negative territory in early Thursday trading. ... more

Libyan oil is a 'red herring', economist says There are too many risk factors at play to express any sense of real optimism about a full market return for Libya's oil, the Royal Bank of Canada said. ... more		BHP Billiton sees market balance approaching The energy market should improve over the next year or so as signs of rebalancing appear on the horizon, Australian company BHP Billiton said. ... 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		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

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

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

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		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		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		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

	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

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

Cuban oil explorer lifted by easing U.S. sanctions		Russia eyes gas shipments to India		British energy supplier SSE loosens grip on gas business		Oil prices lower as U.S. industrial production shows gain		France orders additional offshore support vessels
More gas found in North Sea		Fitch Ratings latest to grimace at Nigeria's economy		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

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