Oil and Gas News

November 07, 2016

Algeria awards China contract to revamp refinery
Algiers (AFP) Nov 6, 2016
Algeria's state energy company Sonatrach on Sunday awarded the China Petroleum Engineering and Construction Corporation (CPECC) a 380-million-euro ($420-million) contract to renovate its Algiers refinery. CPECC, which is affiliated to the China National Petroleum Corporation, will rehabilitate the refinery after Sonatrach severed an initial deal it had struck with French engineering firm Technip. The project is aimed at building new units to bring the refinery - built in 1964 - up to European ... read more

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Nov 05

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Nov 01

Rogue militant attacks Nigerian oil pipeline A Nigerian militant group admitted to an attack on a crude oil export pipeline, but blamed a rogue member for violating a truce, a Nigerian newspaper reported. ... more		U.S. gasoline consumption at record highs The amount of gasoline consumed and the total miles traveled during peak summer travel time in the United States set a new record, a federal report said. ... more		Mexican energy sector ripe for investment Opening up the Mexican oil and gas sector has the potential to draw in billions of dollars in new investments, but it won't be easy, an analyst said. ... more
				Iran emerges with claim of Pakistani pipeline interest Iran once again suggested it was moving forward on plans to build a long-delayed natural gas pipeline to Pakistan, this time with the help of China. ... more		Colorado sees mixed support from oil and gas With mixed support coming from the oil and gas sector, Colorado's governor said his new budget proposal reflects an expected slow pace of economic growth. ... more

Marathon to expand rig work substantially Despite posting a loss for the third quarter, Marathon Oil said it planned to expand exploration and production work while keeping spending in check. ... more		Oil sector recovery in Texas elusive The pace of recovery in the exploration and production side of the energy industry in Texas has been relatively slow, a state economist said. ... 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		Mission accomplished, Lundin says The top executive at Swedish energy company Lundin Petroleum said it's "mission accomplished" as strong production gains helped lift its revenue. ... more
				Cluster of seismic events strike shale-rich Oklahoma A cluster of seismic events in shale-rich Oklahoma culminated with a magnitude-4.5 quake early Wednesday morning, the USGS reported. ... more		Statoil moving quick on new oil field development Two engineering companies servicing the oil and gas sector said they were awarded contracts to help develop a Norwegian oil field with energy major Statoil. ... 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

Apache Corp. lauding shale transformation Transformation is underway in parts of the shale basins in the Lower 48 U.S. states following the discovery of a major oil play in Texas, Apache Corp. said. ... more		Altamira Technologies acquires APG Altamira Technologies Corporation has acquired APG Technologies, expanding the company's portfolio. ... 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 and gas majors invest $1 billion in low-emission tech Ten global oil and gas companies on Friday announced they will invest $1 billion (900 million euros) in low-carbon-emission technologies to help combat climate change. ... more
Alberta proposes limit on oil sands emissions Putting a limit on the amount of emissions coming from oil sands production would show Alberta can strike the proper environmental balance, its government said. ... more		Gazprom defends European gas position Russian natural gas will at the very least remain at a steady level in the European market, though some level of growth is likely, a Gazprom official said. ... more		Obama called to stop Dakota Access pipeline construction President Obama needs to make good on his word and stop the construction of the Dakota Access pipeline altogether, an environmental advocacy group said. ... more		Continental Resources takes loss, but raises production hopes U.S. shale player Continental Resources said momentum moving forward was strong enough to raise its expectations for output for North Dakota and Oklahoma. ... more

	OPEC volatility spilling over to consumer gas prices 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. ... more		'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

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

French gas company enters former Soviet space		Leave Arctic oil and gas where it is, advocates say		Norway's Statoil says more oil coming by 2019		BP confirms joint venture with Rosneft		Russia could miss some economic targets
Oil prices recover from steep losses		Shell rebounds as BG Group benefits set in		Oxy expands footprint in Permian shale		Oil prices stumble along with OPEC production proposal		Mass arrest as North Dakota police, pipeline protesters clash

Oil-rich Alberta lauds wildfire efforts

China oil giant Sinopec Q3 net profit jumps sixfold

Doubts, earnings pull oil prices lower

Oil, gas production linked to 20th-century LA quakes

On GE, Baker Hughes says it's too early to say

West African oil ready to go, FAR Ltd. says

After earnings report, Statoil suspends rig work

Conoco leaves Senegalese oil behind

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

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