Oil and Gas News

November 30, 2016

Oil prices sink as volatility takes hold
New York (UPI) Nov 29, 2016
Starting the day in the deep red, crude oil prices for Tuesday are on pace for a high degree of volatility as oil ministers continue talks in Vienna. Crude oil prices erased a 5 percent deficit in a matter of hours Monday as investors moved on knee-jerk sentiment emerging from Vienna, where delegates from major oil-producing nations are reviewing the prospects of coordinating on a production cap. Different positions from the 14 members of the Organization of Petroleum Exporting Countries, as we ... read more

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Nov 24

Texas oil production holding steady Two shale counties in Texas dominated the landscape, though crude oil production is holding relatively stable, data from the state show. ... more		Taliban pledge protection for Afghan gas pipeline The Afghan Taliban said it was directing its supporters to help advance national infrastructure projects like a natural gas pipeline running from Turkmenistan. ... more		Putin steps back into OPEC production fray After deferring to his energy minister, the Kremlin said Russian President Vladimir Putin was reviewing production proposals with OPEC member Iran. ... more
				Norway reports mixed results for oil and gas salaries Average salaries for those working in the Norwegian oil and gas sector showed gains from the previous quarter, but less than last year, government data show. ... more		BP builds up North Sea portfolio A day after taking a greater stake in offshore Egyptian reserves, British energy company BP said it was taking on a larger role in the North Sea. ... more

Oil-rich Alberta nearing end of recession A rebound in crude oil prices and recovery in the sector in general means the economy in Alberta province is primed for growth, the finance minister said. ... more		Why Mexico's Oil Reform Is A Huge Opportunity For Investors When a massive country de-nationalizes its entire energy sector and opens its oil and gas doors for the first time ever to foreign companies, the opportunities are staggering. Welcome to the 'new' 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 in rally mode on OPEC rumors Oil prices were moving in wild swings in early Monday trading, erasing a 5 percent deficit overnight as investors moved quickly on the latest OPEC utterances. ... more
				Putin staying out of OPEC talks Russian President Vladimir Putin is deferring to his energy minister to discuss the potential for a production agreement with OPEC, his spokesman said Monday. ... more		Iran inks agreement with oilfield services company Schlumberger A new arrangement with oilfield services company Schlumberger is a source of optimism for post-sanctions Iran, a managing director said from Tehran. ... more

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

More drilling planned for super giant Norwegian oil field Consent is given to energy company Statoil to start drilling an appraisal well in the Johan Sverdrup oil field in the North Sea, the Norwegian government said. ... more		Russian oil producer pushes deeper in Arctic Russian oil producer Gazprom Neft said it was starting sea trials for a vessel meant to support oil work, including spill response, in extreme Arctic climates. ... 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		BP builds position in one of Egypt's biggest gas fields British energy company BP said it was strengthening its position in the Egyptian oil and gas market by buying a minority stake in an offshore natural gas field. ... more
Russia to review oil, gas work in Barents Sea Six years after resolving border disputes in the Barents Sea, a Russian minister said he scheduled a meeting in Oslo to discuss oil and gas work with Norway. ... more		Thanksgiving gas prices are the lowest in years 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. ... more		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

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

Mixed bag for frontier oil reserves offshore Liberia		Polluted water in hand, Nigerian king takes Shell to court in London		Where Russia's Lukoil sees oil prices going		Eni ups renewable ante through work with GE		More reserves uncovered in Barents Sea
Crude oil prices searching for OPEC direction		Whiting Petroleum leaving North Dakota gas behind		Iraq has to up oil output because of 'budget hole': FM		Amnesty International steps into Dakota Access pipeline row		Commercial production started at giant Kashagan oil field

Bangladesh gets help with gas assets

Oil prices rally on production proposal support

Iran sees a 25 percent recovery in crude oil prices

Where oil-rich Texas sees economic gains

Police respond to 'riots' at Dakota Access pipeline; protesters report tear gas

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

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