Oil and Gas News

October 25, 2016

Oil prices collapse amid OPEC positioning
New York (UPI) Oct 24, 2016
The latest chatter over production moves from members of OPEC overshadowed small improvements in the European economy to send oil prices crashing early Monday. The weekend saw rhetoric focusing again on the contributions from major producers like Russia that sit outside the Organization of Petroleum Exporting Countries. OPEC members at a meeting last month in Algeria said they'd work toward an agreement to stabilize or cut production levels to bring energy markets back into balance, though some ... read more

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Oil-rich Texas sees recovery ahead Even though job growth was slower than last year, a senior economist in Texas said the recovery in crude oil prices suggested recovery was on the way. ... more		Moody's sees banks recovering in Russia Though problem loans will continue to drag on performance, Moody's said it raised its outlook on the bank system for oil-rich Russia from negative to stable. ... more		Dakota Access pipeline protests grow Protests against the construction of the Dakota Access pipeline are endangering the safety of the public and violating federal aviation rules, authorities said. ... more
				Oil spill reported at key U.S. storage depot Local media in Oklahoma reported Monday a company was working to contain a release of crude oil from near the main U.S. oil storage hub in Cushing. ... more		Europe breaking Russia's energy grip on Finland 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. ... more

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		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		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

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

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

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		New drop tests advance Space Rider precision landing system Ancient river systems reveal Mars was wetter than we thought Axiom-4 astronauts return to earth		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		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		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		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

	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

Russia fires 136 drones at Ukraine ahead of Trump-NATO head meeting

China says German plane laser claim 'inconsistent with facts'

Inside America's Orbital Defense Shift: Satellites That Track Nuclear Launches

No basis to Greenpeace claims, Norway says		Iran sees Maersk role in South Pars oil effort		Halliburton turns a profit		LNG considered for maritime shipper fuel		BP's Dudley: It's not demand that's the problem
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

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