Oil and Gas News

November 15, 2016

Australia's LNG sector is booming
Adelaide, Australia (UPI) Nov 14, 2016
Higher export volumes and energy market recovery means the liquefied natural gas sector in Australia is booming, consultant group EnergyQuest said. Australian energy company Woodside Petroleum last month said it expected production to increase once its flagship Wheatstone LNG development starts operations next year. The company is Australia's biggest independent oil and gas producer and its sales revenue of $988 million was up 19.8 percent from the previous quarter, but lower year-on-year by 9 ... read more

Previous Issues

Nov 14

Nov 11

Nov 10

Nov 09

Nov 08

Oil trader Trafigura Group jockeys for more transparency Oil trader Trafigura Group said it was leading the industry in transparency initiatives by disclosing how much money it paid to governments last year. ... more		Nearly two dozen tremors recorded in Oklahoma in a week Following a cluster of events near Oklahoma shale basins, data from the U.S. Geological Survey show nearly two dozen small tremors in the last week. ... more		Oil prices inch lower as pessimism gains traction Market pessimism spilled over into Monday as doubts over production arrangements and slight declines in exploration and production brought oil prices lower. ... more
				Russian Central Bank anticipates $40 per barrel oil The probability of another drastic collapse in oil prices is low, through recovery won't be substantially above current rates, Russia's Central Bank chief said. ... more		Oil taking on green sheen 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. ... more

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		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		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

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

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

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		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		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		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

	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

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

UN renews Eritrea sanctions despite push by China for lifting		Alberta lauds U.S. energy ties, but defends NAFTA		Alberta's economy turning corner		Weatherford boss steps down		TAQA reports steep drop in revenue
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

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.