Oil and Gas News

October 26, 2016

Nigerian oil export pipeline attacked
Abuja, Nigeria (UPI) Oct 25, 2016
The group calling itself the Niger Delta Avengers said its fighters on Tuesday took out an oil export pipeline in Nigeria operated by Chevron. "This action is to further warn all international oil companies that when we warn that there should be no repairs pending negotiation/dialogue with the people of the Niger Delta, it means there should be no repairs," Niger Delta Avengers spokesman Mudoch Agbinibo said in a statement. The militant group, which surfaced early this year, is fighting ... read more

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Eagle Ford shale exchange looks like net win U.S. shale player Sanchez Energy said it was optimizing its balance sheet by unloading non-core assets in one of the premier basins in Texas. ... more		Blame OPEC for the price at the pump Coordinated efforts from OPEC are partially behind what would otherwise be a period of historically lower U.S. gasoline prices, market analyses find. ... more		Oil prices turn lower on supply prospects Crude oil prices moved lower at the start of trading Tuesday as supply-side pressures endured, even after a U.S. crude oil pipeline returned to service. ... more
				Baker Hughes sees recovery on the horizon Results for the third quarter were indicative of a market under pressure, though oilfield services company Baker Hughes said recovery was on the horizon. ... more		Oil prices collapse amid OPEC positioning The latest chatter over production moves from members of OPEC overshadowed small improvements in the European economy to send oil prices crashing early Monday. ... more

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		Ash improves methane yield and fertilizer value in biogas systems Bio-oil from agricultural and forest waste could help seal abandoned oil wells and store carbon Rice researchers turn wasted data center heat into clean power		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

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

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

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		First Tranche 1 satellites launched for Space Development Agency network ICEYE unveils ISR Cell to deliver space intelligence at tactical scale Satlink joins Rivada to deliver secure satellite connectivity for defense and enterprise		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

	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

Romania says Russian drone breached its airspace

MSBAI wins DoD contract to accelerate OrbitGuard for space situational awarenes

AI powered SAR imagery analysis tool launched by SATIM and ICEYE

Yemen too violent for energy work		Libyan oil is a 'red herring', economist says		Russian oil company sends mixed signal on supply issues		BHP Billiton sees market balance approaching		Solid earnings from energy players lift oil prices
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

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