Oil and Gas News

November 08, 2016

British oil and gas sector pleads for help
London (UPI) Nov 7, 2016
The British government needs to step in to help ease the pressure on investments in the North Sea brought on by lower oil prices, a trade body said. Lower crude oil prices, relatively unchanged from one year ago, but more than 40 percent below the level from two years ago, have forced some oil and gas companies to cut back on exploration and production activity. Deirdre Michie, the chief executive of trade body Oil & Gas U.K., said in a statement the North Sea sector was working to count ... read more

Previous Issues

Nov 07

Nov 05

Nov 04

Nov 03

Nov 02

Oil-rich Iran wades into U.S. presidential race While its energy ties to the rest of the world could be impacted, an aide to Iran's ruling cleric said the two major U.S. presidential candidates are equally hostile. ... more		Oil prices up on OPEC rhetoric Crude oil prices moved higher in early Monday trading after verbal stimulus from OPEC emerged on the eve of the U.S. presidential election. ... more		No apparent pipeline damage from Cushing earthquake There have been no reports of pipeline problems stemming from an earthquake in Oklahoma near the main U.S. oil storage hub in Cushing, a state agency said. ... more
				North American rig counts improve The number of rigs actively exploring for or producing oil or natural gas in North America increased in October, oilfield services company Baker Hughes said. ... more		Gazprom could spend half a billion dollars on Turkey Russian natural gas company Gazprom could spend more than a half billion dollars on its latest pipeline efforts in Turkey, media reported Monday ... more

Cuban-focused oil company MEO Australia reinvents itself as Melbana Energy A company formerly known as MEO Australia said it would start trading under a name that better reflects its focus on emerging Cuban oil and gas developments. ... more		Algeria awards China contract to revamp refinery 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. ... 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		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
				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		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

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

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

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		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		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		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
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		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		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		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

	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		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

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

Gazprom defends European gas position		Obama called to stop Dakota Access pipeline construction		Continental Resources takes loss, but raises production hopes		Apache Corp. lauding shale transformation		Altamira Technologies acquires APG
OPEC volatility spilling over to consumer gas prices		'Super emitters' are responsible for more than half of US methane emissions		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

Buy Advertising

Media Advertising Kit

Editorial & Other Enquiries

Privacy statement

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.