Oil and Gas News

November 04, 2016

OPEC volatility spilling over to consumer gas prices
Washington (UPI) Nov 1, 2016
Retail gasoline prices in the United States may be erratic as investors guess on what happens next with OPEC, though pain at the pump is diminishing, AAA said. The motor club reports a national average retail price for a gallon of regular unleaded gasoline at $2.21 for Tuesday, relatively unchanged from one week ago and slightly higher than the national average reported for this date in 2015. AAA said the national average has dropped for several straight days, but a decline that usually ... read more

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'Super emitters' are responsible for more than half of US methane emissions 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 l ... more		French gas company enters former Soviet space French energy company ENGIE said Friday it's now the first European player to have a framework to do work in a Ukrainian gas system overshadowed by Russia. ... more		Leave Arctic oil and gas where it is, advocates say U.S. advocacy groups, some of which staged high-profile protests against Shell, said Arctic oil and gas should be left out of the nation's energy agenda. ... more
				Norway's Statoil says more oil coming by 2019 Patience is paying off for an oil reserve area discovered 30 years ago that's now ready to deliver for Norway at a lower cost, energy major Statoil said. ... more		On GE, Baker Hughes says it's too early to say Baker Hughes said Friday it was too early to offer a comment on rumors of a possible partnership offer from General Electric, the second such effort this year. ... more

BP confirms joint venture with Rosneft British energy company BP said Tuesday it confirmed a pledge to invest as much as $300 million in developing reserves in Russia alongside oil company Rosneft. ... more		Russia could miss some economic targets Even with crude oil prices holding relatively stable, a former finance minister in Russia said it will be tough for the oil-based economy to hit 2017 targets. ... 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		Oil prices recover from steep losses Crude oil prices rebounded Tuesday after a rough session marked by doubts about an OPEC maneuver, though there are indications of a return to balance. ... more
				Shell rebounds as BG Group benefits set in After a string of misses, Royal Dutch Shell said Tuesday its operational costs were lower than costs from before it merged with BG Group two years ago. ... more		Oxy expands footprint in Permian shale The world's largest independent oil explorer, Occidental Petroleum, said it was wading more deeply into one of the more lucrative Texas shale basins. ... 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

Mass arrest as North Dakota police, pipeline protesters clash Police in the US state of North Dakota arrested oil-pipeline protesters en masse Thursday after a tense standoff and bursts of violence that continued into the night. ... more		Oil prices stumble along with OPEC production proposal Crude oil prices moved sharply lower in early Monday trading after an OPEC meeting during the weekend failed to result in any concrete direction for output. ... 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 Alberta lauds wildfire efforts Six months after wildfires sidelined millions of barrels of oil from Alberta, the province said it was honoring first responders who battled on the front lines. ... more
China oil giant Sinopec Q3 net profit jumps sixfold Chinese oil giant Sinopec, Asia's biggest refiner, net profits leapt sixfold in the third quarter, it said Friday, as low crude prices lowered its costs. ... more		Doubts, earnings pull oil prices lower Pessimism expressed about the outcome of production efforts from OPEC members and weak quarterly results pushed oil prices lower in early Friday trading. ... more		Oil, gas production linked to 20th-century LA quakes Oil and gas production may have contributed to four of the five most powerful Los Angeles Basin earthquakes of the early 20th-century oil boom, a new study showed Monday. ... more		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

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

Canada OKs second gas pipeline project in two months		Africa-focused Tullow generating cash		Nigerian oil company working with security forces		Chevron, Exxon still facing headwinds		Enbridge: Our pipelines are over-subscribed
Oil prices stage rebound after dropping below $50		Texas oil production up slightly from last year		Norway's energy major Statoil cuts spending		Russian oil production reached post-Soviet high		North Dakota police move to clear pipeline protesters

More oil likely in Cuba

Conoco finds silver lining in $1 billion loss

Oil prices say goodbye to $50

Russia expecting more oil investments

Weatherford: The worst is over

Kurdish oil player Genel Energy expecting production decline

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

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