Oil and Gas News

October 27, 2016

Oil prices say goodbye to $50
New York (UPI) Oct 26, 2016
With OPEC sending messages lacking details, markets reacted to data showing a sizeable build in supplies and sent oil prices in retreat early Wednesday. Crude oil prices declined for a third straight day as the conversation surrounding a proposal from the Organization of Petroleum Exporting Countries fades into the background. Oil prices turned lower Tuesday after S&P Global Platts said it expected U.S. crude oil storage levels to increase by 400,000 barrels over the previous week. Late ... read more

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Russia expecting more oil investments Investments in the Russian oil sector are expected to expand in comparison to last year, though nothing is certain for 2017, a deputy energy minister said. ... more		Weatherford: The worst is over Even though it reported a steep loss for the third quarter, oilfield services company Weatherford International said the worst of the downturn was over. ... more		Kurdish oil player Genel Energy expecting production decline Kurdish oil player Genel Energy said its quarterly production from northern Iraqi fields was inching lower and it was time to revisit development plans. ... more
				Post-sanction Iran makes play for Asian investment Iran on Wednesday urged more Asian companies to invest in the country, saying the lifting of nuclear-linked sanctions had opened vast opportunities for foreign capital. ... more		DONG Energy reviewing oil and gas options Danish company DONG Energy said it was realigning its priorities around clean-energy options, but not necessarily leaving its oil and gas business behind. ... more

Violence apparently escalating on both sides of Dakota Access protests A U.S. group advocating for the rights of women said the federal government should intervene in Dakota oil pipeline protests in order to halt the violence. ... more		Nigerian oil export pipeline attacked The group calling itself the Niger Delta Avengers said its fighters on Tuesday took out an oil export pipeline in Nigeria operated by Chevron. ... more		Ancient zircon data reveals tectonic origin of Earth's first continental crust Autonomous sub explores unexplored trench depths to reveal critical mineral clues Europe launches first geostationary atmospheric sounder to boost extreme weather forecasts		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

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

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

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		UK opens competitive bid for GBP 75 million orbital cleanup mission UK invests $191 mn in European satellite firm Eutelsat Bearings Used in Space Technologies: Engineering for the Final Frontier		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

France says Australia defence ties repaired after submarine row

Trump: U.S. to send Patriot missiles to Ukraine, EU to pay bill

Ukraine, Russia trade blows in escalating spy war

Russia won't keep low oil profile		U.S. importing more oil for the first time since 2010		Crude oil prices mixed along with market signals		Things are looking good, Woodside Petroleum says		Scotland moves forward on independence bid
Subsea 7 lands new work offshore Egypt		Oil prices sink on suggestions of a bubble		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

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