Oil and Gas News

December 02, 2016

Senegal primed as one of the next big oil players
Melbourne (UPI) Dec 1, 2016
Companies working to exploit frontier oil reserves are working to submit field development plans as quickly as possible, a top executive said. Africa-focused FAR Ltd. said the SNE field off the coast of Senegal, which could hold up to 641 million barrels of oil, is in the development planning stage. "The Senegal joint venture is progressing towards the submission of a development plan for the SNE field as quickly and efficiently as possible," Managing Director Cath Norman said in a state ... read more

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Oil-rich Russia sees economic growth ahead The economy of oil-rich Russia could catch up with the rest of the world in about 10 years if the conditions are right, the country's finance minister said. ... more		Gas prices steady after OPEC deal The U.S. national average price for a gallon of gas barely moved the day after one of the biggest rallies ever in crude oil prices, motor club AAA reports. ... more		OPEC deal more about balance than price An OPEC agreement to limit oil production for the first time in nearly a decade does more to erase a market surplus than support higher prices, analysis finds. ... more
				Israeli power to get gas from huge offshore field The partners tapping into one of the largest natural gas fields ever discovered off the coast of Israel said they brokered a power deal worth $2 billion. ... more		Manmade earthquakes in Oklahoma on the decline New regulations in Oklahoma that call for reductions in the amount of wastewater being injected into seismically active areas should significantly decrease the rate of manmade, or "induced," earthqu ... more

Canada walks oil pipeline tightrope Canada's prime minister balanced the debate on oil infrastructure by delivering split decisions that drew industry praise and complaints from environmentalists. ... more		Canada approves tripling capacity of Trans Mountain pipeline to Pacific Canada on Tuesday approved two new pipelines including one to the Pacific coast that will allow producers to sell into new Asian markets, while rejecting a third project. ... 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		Dallas Fed sees broad-based optimism A survey from the Federal Reserve Bank said that, even as crude oil production stands still, the broad-based economic consensus was one of optimism. ... more
				Talk of OPEC deal sends oil prices skyrocketing Oil prices staged one of their largest spikes in years on word that members of the Organization of Petroleum Exporting Countries brokered a production deal. ... more		Dutch court rejects lawsuit over Ivory Coast spill A Dutch court rejected Wednesday a class-action lawsuit by a foundation claiming to represent more than 100,000 victims of a 2006 toxic spill in Ivory Coast, saying it was unconvinced by the claim. ... more

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

Develop commercial strategies for the global deployment of SMRs and Advanced Reactors

A debut of sorts for Norwegian oil British energy company Centrica said it made its debut in Norway with the submission of plans to develop an oil field in the southern North Sea. ... more		More LNG exports possible from U.S. ports Sempra Energy said it filed the necessary paperwork to hasten the development of a port in Texas that could export liquefied natural gas, seen as a strategic asset. ... 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		Baker Hughes creates new fracking unit Oilfield services company Baker Hughes said it formed a business venture with Goldman Sachs and others that would focus on North American hydraulic fracturing. ... more
Oil prices sink as volatility takes hold 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. ... more		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

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

Oil-rich Alberta nearing end of recession		Why Mexico's Oil Reform Is A Huge Opportunity For Investors		Oil prices in rally mode on OPEC rumors		Putin staying out of OPEC talks		Iran inks agreement with oilfield services company Schlumberger
More drilling planned for super giant Norwegian oil field		Russian oil producer pushes deeper in Arctic		BP builds position in one of Egypt's biggest gas fields		Russia to review oil, gas work in Barents Sea		Thanksgiving gas prices are the lowest in years

Australian energy company rewarded for Cuban oil efforts

New energy alliance focused on Gulf of Mexico

Norway's oil and gas investments on the decline

Oil prices move lower on OPEC questions, Autumn Statement

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

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