Oil and Gas News

October 23, 2016

Europe breaking Russia's energy grip on Finland
Brussels (UPI) Oct 21, 2016
The signing of an investment deal for a Baltic gas pipeline is the first step in breaking Russia's grip on Finland's energy sector, a European official said. European Commission President Jean-Claude Juncker joined Estonian Prime Minister Taavi Roivas and Finnish Prime Minister Juha Sipila to witness the signing of a $203 million investment for the Baltic-connector, the first gas link between the two countries. The pipeline will stretch 94 miles between both countries and eventually carr ... read more

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Shell unloads Canadian acreage for $1 billion The Canadian subsidiary of Royal Dutch Shell said it was shedding some of its assets in the country for $1 billion in an effort to build shareholder value. ... more		Schlumberger welcomes the return to balance Echoing sentiments from some of its customers, oilfield services company Schlumberger said the oil market is in balance and recovery is on the way. ... more		Russia won't keep low oil profile Russia is not going to keep a low profile in the global battle for a stronger presence in the oil market, the head of oil company Rosneft said. ... more
				U.S. importing more oil for the first time since 2010 The U.S. Energy Department said it expected more crude oil will enter the country from foreign countries in part because U.S. oil was less cost effective. ... more		Crude oil prices mixed along with market signals Crude oil prices moved in mixed territory in early Friday trading as claims over global market share competed against market predictions from the World Bank. ... more

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		Rivers choose their path based on erosion - a discovery that could transform flood planning and restoration Tens of millions of tons of nanoplastics detected adrift in North Atlantic Peatland restoration shows measurable climate benefits in under a decade		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
				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		Yemen too violent for energy work Despite a brief halt to the fighting, the security situation in Yemen is too volatile to return to production, Austrian energy company OMV 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

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		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		New drop tests advance Space Rider precision landing system Ancient river systems reveal Mars was wetter than we thought The Mars mission that could prep for a human landing		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
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

China says German plane laser claim 'inconsistent with facts'

Zelensky urges more investment in defence against Russian attacks

Russia warns against targeting North Korea

Oil prices rise as OPEC chatter strikes again		Activists sue Norway over Arctic oil drilling		More reserves uncovered in Norwegian waters		Relief finally coming at the pump		UBC research offers faster way to confirm safety of oil and gas pipelines
Greenpeace sues Norway over Arctic oil		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

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