Oil and Gas News

October 31, 2016

Oil prices stage rebound after dropping below $50
New York (UPI) Oct 27, 2016
Growth from a British economy charting a path out of the European Union balanced against potential gains in output to give oil prices a boost early Thursday. The British Office for National Statistics reported third quarter growth in gross domestic product was 0.5 percent, a 2.3 percent gain from third quarter 2015. "This is the first release of GDP covering a full quarter of data following the EU referendum," the report read. "The pattern of growth continues to be broadly unaffected fol ... read more

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Texas oil production up slightly from last year Oil output from Texas, the No. 1 producer in the country, for August, the last full month for which data are available, was higher than last year, data show. ... more		Norway's energy major Statoil cuts spending Norwegian oil and gas major Statoil said it was cutting its spending plans in response to a weaker market, but keeping its production outlook stable. ... more		Russian oil production reached post-Soviet high A ratings agency assessing the profitability of Russian energy companies said oil production for September reached a post-Soviet high. ... more
				North Dakota police move to clear pipeline protesters Police in the US state of North Dakota engaged in a tense standoff with oil-pipeline protesters Thursday, attempting to clear them from a public road and off private property. ... more		More oil likely in Cuba MEO Australia, the only Australian company with a footprint in Cuba, said ongoing work is expected to translate to more potential oil reserves in the country. ... more

Conoco finds silver lining in $1 billion loss The largest independent oil producer in the United States, ConocoPhillips, lost a substantial amount of money last quarter, but said it did better than 2015. ... more		Oil prices say goodbye to $50 With OPEC sending messages lacking details, markets reacted to data showing a sizeable build in supplies and sent oil prices in retreat early Wednesday. ... 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		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

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

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

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		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		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
Losses for Hess Corp. continue to grow Midstream energy company Hess Corp. said it was focusing on spending after reporting a net loss for the quarter that was worse than last year. ... more		SAIC to supply U.S. military with petroleum products SAIC is to supply chemicals, packaged petroleum and other products to the U.S. military under a contract from the Defense Logistics Agency. ... 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		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

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

Baker Hughes sees recovery on the horizon		Oil prices collapse amid OPEC positioning		Oil-rich Texas sees recovery ahead		Moody's sees banks recovering in Russia		Dakota Access pipeline protests grow
Oil spill reported at key U.S. storage depot		Europe breaking Russia's energy grip on Finland		Shell unloads Canadian acreage for $1 billion		Schlumberger welcomes the return to balance		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

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