Oil and Gas News

November 10, 2016

TAQA reports steep drop in revenue
Abu Dhabi, United Arab Emirates (UPI) Nov 9, 2016
TAQA, an energy company controlled by the Abu Dhabi government, said its revenue was down 17 percent for the third quarter because of the drop in oil prices. The company, formally known as the Abu Dhabi National Energy Co., reported a 17 percent loss in revenue from one year ago and earnings before interest, taxes, depreciation and amortization that were 15 percent lower than last year. In a statement, the company said the losses came in large part from the 31 percent drop in realized oi ... read more

Previous Issues

Nov 09

Nov 08

Nov 07

Nov 05

Nov 04

Oil prices follow markets lower after Trump win Crude oil prices moved in volatile territory to mirror global market trajectory after a politically untested Donald Trump won the contest for U.S. president. ... more		Tullow lowers expectations for West African oil Africa-focused Tullow Oil said it was on the verge of turning the market page, but cut spending and lowered its West African forecast before full recovery. ... more		Alberta's economy turning corner Alberta's economy is turning the corner after low crude oil prices and May wildfires created headwinds, provincial leaders said while touting a jobs plan. ... more
				French major Total confirms Iranian gas agreement French energy company Total confirmed the signing of a preliminary arrangement to work alongside a Chinese company in producing offshore Iranian gas. ... more		BP to use hydraulic fracturing for Oman's gas British energy company BP said it extended an agreement in Oman to help develop a natural gas field that may require hydraulic fracturing to exploit fully. ... more

Steady U.S. gas prices mask underlying volatility Retail gasoline prices moved slightly lower on average over the last week, though U.S. infrastructure issues made for a volatile market, motor club AAA said. ... more		OPEC says climate effort won't quench oil thirst A global pact to battle global warming entered into force last week, but the latest long-term look into the energy market by the OPEC oil cartel sees climate change measures failing to quench the world's thirst for crude. ... 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		British oil and gas sector pleads for help 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. ... more
				DONG Energy charts course out of oil and gas Danish energy group DONG Energy said that after gaining success from its renewable energy portfolio, it was leaving the oil and natural gas business behind. ... more		Oil-rich Norway running a deficit The Norwegian government said it was running a financial deficit for the second consecutive quarter largely because of declining revenue from petroleum. ... 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

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		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		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		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
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		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		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

	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

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

Oil sector recovery in Texas elusive		Colorado sees mixed support from oil and gas		Alberta proposes limit on oil sands emissions		Iran emerges with claim of Pakistani pipeline interest		U.S. gasoline consumption at record highs
Oil and gas majors invest $1 billion in low-emission tech		Statoil moving quick on new oil field development		Marathon to expand rig work substantially		Mission accomplished, Lundin says		Mexican energy sector ripe for investment

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

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

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

Mass arrest as North Dakota police, pipeline protesters clash

Oil prices stumble along with OPEC production proposal

Oil-rich Alberta lauds wildfire efforts

China oil giant Sinopec Q3 net profit jumps sixfold

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