Oil and Gas News

November 01, 2016

'Super emitters' are responsible for more than half of US methane emissions
Stanford CA (SPX) Nov 01, 2016
The bulk of methane emissions in the United States can be traced to a small number of "super emitting" natural gas wells, according to a new study. "We're finding that when it comes to natural gas leaks, a 50/5 rule applies: That is, the largest 5 percent of leaks are typically responsible for more than 50 percent of the total volume of leakage," said study co-author Adam Brandt, an assistant professor of energy resources engineering at Stanford's School of Earth, Energy and Environmental Sciences. ... read more

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West African oil ready to go, FAR Ltd. says Africa-focused FAR Ltd. said its oil basins off the West African coast were primed for advancement and the company was ending the quarter debt free. ... more		After earnings report, Statoil suspends rig work Norwegian energy company Statoil said suspending the use of a drilling rig was part of a revised plan to develop reserves at one of the area's larger fields. ... more		Conoco leaves Senegalese oil behind Selling off a stake in reserves off the coast of Senegal is part of what ConocoPhillips said was a move away from deepwater exploration efforts. ... more
				Canada OKs second gas pipeline project in two months Canada on Monday gave the green light to a Can$1.3 billion (US$970 million) expansion of natural gas pipelines in Alberta province. ... more		Africa-focused Tullow generating cash With repair operations completed at one of West Africa's largest oil fields, Tullow Oil said it was in a position to start generating cash. ... more

Nigerian oil company working with security forces With an eye on the national budget, Nigeria's state oil company said it would work closely with police in an effort to tackle militant threats. ... more		Chevron, Exxon still facing headwinds Earnings reports from some of the largest U.S. oil companies, Exxon and Chevron, reflect what top executives said Friday were persistent industry challenges. ... 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		Enbridge: Our pipelines are over-subscribed Though new pipeline construction is under way, pipeline company Enbridge Energy said most of its crude oil lines were over-subscribed. ... more
				Oil prices stage rebound after dropping below $50 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. ... more		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

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

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

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		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		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		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

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

Post-sanction Iran makes play for Asian investment		DONG Energy reviewing oil and gas options		Violence apparently escalating on both sides of Dakota Access protests		Losses for Hess Corp. continue to grow		SAIC to supply U.S. military with petroleum products
Nigerian oil export pipeline attacked		Eagle Ford shale exchange looks like net win		Blame OPEC for the price at the pump		Oil prices turn lower on supply prospects		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

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