Oil and Gas News

November 27, 2016

Thanksgiving gas prices are the lowest in years
Washington (UPI) Nov 23, 2016
U.S. travelers leaving early on Wednesday to get a head start on the holiday will see some of the lowest gas prices in nearly a decade, the government said. U.S. market activity is light and the trading week is shortened because of the long Thanksgiving holiday. Motor club AAA expects nearly 50 million people will be traveling 50 miles or more this holiday, the most since 2007. Of those, almost 90 percent will drive. AAA reports a national average retail price for a gallon of regular unl ... read more

Previous Issues

Nov 25

Nov 24

Nov 23

Nov 22

Nov 21

Australian energy company rewarded for Cuban oil efforts An Australian energy company that's one of the few foreign companies working in Cuba said it was rewarded for its efforts with a contract extension. ... more		New energy alliance focused on Gulf of Mexico Independent energy producers focused on the U.S. Gulf of Mexico announced coordination around an alliance aimed at advancing the industry's needs in Washington. ... more		Norway's oil and gas investments on the decline Investment plans for oil and gas developments offshore Norway are on the decline and should remain low even with new projects on tap, government data show. ... more
				Oil prices move lower on OPEC questions, Autumn Statement Crude oil prices apparently found the direction they were looking for Wednesday, moving lower amid uncertainty about the impact of OPEC maneuvering. ... more		Mixed bag for frontier oil reserves offshore Liberia A division of Exxon Mobil announced Wednesday it started drilling its first well targeting reserves off the coast of Liberia. ... more

Polluted water in hand, Nigerian king takes Shell to court in London King Emere Godwin Bebe Okpabi holds up a plastic bottle containing contaminated water from his community in Nigeria, proof of oil pollution that he blames on Royal Dutch Shell - and on which he hopes a London court will deliver justice. ... more		Where Russia's Lukoil sees oil prices going Russian oil company Lukoil said during a meeting of the board of directors its two-year budget starting in 2017 would be based on oil priced at $40 per barrel. ... 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		Eni ups renewable ante through work with GE Italian energy company Eni said Tuesday it would work through a partnership with General Electric to build a stronger portfolio in the renewable energy sector. ... more
				More reserves uncovered in Barents Sea Swedish energy company Lundin Petroleum said Tuesday it made an oil and gas discovery in a frontier area near an existing field in the Barents Sea. ... more		Crude oil prices searching for OPEC direction Crude oil prices staged an abrupt retreat in early trading Tuesday as doubts lingered over OPEC coordination. ... more

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

Whiting Petroleum leaving North Dakota gas behind After recording a steep decline in third quarter revenue, Whiting Petroleum said it was selling off parts of its natural gas business in North Dakota. ... more		Iraq has to up oil output because of 'budget hole': FM Iraq has to up its crude output because dwindling oil prices and the fight against Islamic State have left "a huge hole" in the economy, Foreign Minister Ibrahim al-Jaafari said Tuesday, as the OPEC cartel scrambles to agree a production cut deal. ... 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		Amnesty International steps into Dakota Access pipeline row Rights group Amnesty International became the latest to wade into the controversy over the Dakota Access pipeline, alleging excessive force by area police. ... more
Commercial production started at giant Kashagan oil field Commercial production from the giant Kashagan oil field in the Caspian waters of Kazakhstan has begun, a spokesperson for a regional operating company said. ... more		Bangladesh gets help with gas assets A loan totaling more than $150 million will help Bangladesh address the mounting energy challenges in its expanding economy, the Asian Development Bank said. ... more		Oil prices rally on production proposal support Crude oil prices opened the shortened trading week in rally mode as leaders from major oil-producing nations expressed support for a production proposal. ... more		Iran sees a 25 percent recovery in crude oil prices OPEC members are shooting for crude oil priced at around $60 per barrel if production agreements come through, Iran's oil minister said. ... more

	Where oil-rich Texas sees economic gains Some semblance of stabilization in the energy sector has resulted in a net positive for the state of the Texas economy, a regional banker said. ... more		Police respond to 'riots' at Dakota Access pipeline; protesters report tear gas Law enforcement personnel in North Dakota said protests against the Dakota Access oil pipeline escalated into riots, with activists settling in for the winter. ... more

London, Paris tighten nuclear bond over US, Russia concerns

Iran says cooperation with UN nuclear watchdog will take 'new form'

Six killed in massive Russian drone, missile attack across Ukraine

More oil coming from the North Sea		Putin sees few problems with freezing oil production		Donald Trump will save us, Colorado oil and gas advocates say		Some tough choices for Alberta's oil-based economy		How Iran and Russia are locking step on oil
Let's consider freezing oil production, Russia says		Oil prices start Friday in hesitant rally		GE, Maersk team up on drilling technology		Last plea to Obama on offshore drilling limits		Are The Saudis About To Reveal The Best Kept Secret In Oil?

Texas' Wolfcamp shale reserve may be largest ever assessed in U.S.

Why Norway adds to supply-side worries

Obama declares parts of Arctic off-limits for oil drilling

Iraqi firefighters battle to tame IS oil well fires

Study Finds Widespread Land Losses from Gulf Oil Spill

Expect more output next year, Canadian energy company says

Russia stirs oil production proposal pot

OPEC, Yellen give oil prices a lift

Safety regulator finds no issues with Johan Sverdrup

North Dakota oil production falls

Dakota Access pipeline delayed

Investment penury risks new oil shock: IEA

Niger Delta Avengers strike again

Oil-rich Texas takes closer look at earthquakes

Norway's DNO signs oil agreement with Iran

Oil prices retreat after banner day

Scientists find land-based birds affected by Deepwater Horizon oil spill

Oil market latest pressure for Dakota Access pipeline

Cheaper, more effective cleanup of abandoned oil and gas wells

Australia's Woodside expands gas portfolio

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