Oil and Gas News

November 11, 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 10

Nov 09

Nov 08

Nov 07

Nov 05

Oil prices sharply lower on OPEC production A reported increase in production from OPEC and an assessment of a standstill global economy sent crude oil prices sharply lower in early Friday trading. ... more		Oil-rich Alberta sees trade potential with Asia Days after assessing the energy ties with the incoming U.S. administration, Alberta's government said it was now looking for trade opportunities with Asia. ... more		Israel's Delek examines offshore Canada Israeli conglomerate Delek Group confirmed it secured the rights to explore for reserves in the deep waters off the coast of Newfoundland. ... more
				Profits for Russian oil giant Rosneft tumble Pointing to ongoing pressures from the weak oil economy, Russian oil company Rosneft said its profit for the third quarter dropped more than 70 percent. ... more		Mixed support for Trump's potential energy policiesw Greenpeace said it was concerned climate policy under President-elect Donald Trump will have a 'drill, baby, drill' mentality, but an energy group sang praises. ... more

E.ON reaches milestone with English Channel wind far German energy company E.ON said Friday it has finished anchoring all of the foundations for its flagship Rampion wind farm in the English Channel. ... more		Russian oil producer boasts of gains At a time when major producers are assessing output, Russian energy company Rosneft reported third quarter production levels were up 1 percent. ... 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		Oklahoma's economy showing modest gains Tax collections from oil and natural gas production in Oklahoma have turned the corner, though the state isn't yet out of the woods, the state treasurer said. ... more
				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		IEA's dour view sinks oil prices Oil prices moved lower in early Thursday trading after the IEA said there may be too many factors at play to continue betting on OPEC's production offer. ... 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

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		Iraqi-focused DNO oil company turns a profit DNO, a Norwegian oil company with a good Iraqi oil portfolio, said it had a successful third quarter and expressed interest in acquiring a rival player. ... 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		UN renews Eritrea sanctions despite push by China for lifting The UN Security Council on Thursday renewed sanctions on Eritrea despite a push by China to lift the measures imposed seven years ago over Asmara's involvement in Somalia. ... more
Alberta lauds U.S. energy ties, but defends NAFTA Canada's oil sector looks forward to strong ties to the U.S. market under a Trump administration that respects all trade agreements, a provincial leader said. ... 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		Weatherford boss steps down Struggling oilfield services company Weatherford International said it was parting ways with its board chairman as it looks to navigate a long downturn. ... 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

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

OPEC says climate effort won't quench oil thirst		British oil and gas sector pleads for help		DONG Energy charts course out of oil and gas		Oil-rich Norway running a deficit		Oil-rich Iran wades into U.S. presidential race
North American rig counts improve		No apparent pipeline damage from Cushing earthquake		Gazprom could spend half a billion dollars on Turkey		Oil prices up on OPEC rhetoric		Cuban-focused oil company MEO Australia reinvents itself as Melbana Energy

Algeria awards China contract to revamp refinery

Rogue militant attacks Nigerian oil pipeline

Cluster of seismic events strike shale-rich Oklahoma

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

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