Oil and Gas News

November 14, 2016

Oil taking on green sheen
Paris (AFP) Nov 13, 2016
The companies that drill black gold are going a little bit green: taking stakes in renewable energies that are growing rapidly, enabling oil firms to diversify revenue and show commitment to fighting climate change. In the past, such swings have been written off by environmental campaigners as greenwash, and just as likely to be reversed once low oil prices go up again. But analysts say that, even though only a tiny percent of oil majors' investment goes into renewables, the interest this time s ... read more

Previous Issues

Nov 11

Nov 10

Nov 09

Nov 08

Nov 07

Can Oil Markets Survive An OPEC Implosion A technical meeting that was supposed to iron out some wrinkles for a deal to cut oil production ended in acrimony over the weekend, and OPEC's effort at coordination could be at yet another impasse ... more		New maps created by Stanford scientists reveal safe locations for wastewater injection Stanford geophysicists have compiled the most detailed maps yet of the geologic forces controlling the locations, types and magnitudes of earthquakes in Texas and Oklahoma. These new "stress m ... more		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
				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

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		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		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		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
				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		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

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 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		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		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		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		TAQA reports steep drop in revenue 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. ... 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 major Total confirms Iranian gas agreement		BP to use hydraulic fracturing for Oman's gas		Steady U.S. gas prices mask underlying volatility		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

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