Oil and Gas News

December 05, 2016

Manmade earthquakes in Oklahoma on the decline
Stanford CA (SPX) Dec 02, 2016
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," earthquakes in the state, Stanford scientists say. "Over the past few years, Oklahoma tried a number of measures aimed at reducing the rising number of induced quakes in the state, but none of those actions were effective," said Mark Zoback, the Benjamin M. Page Professor at Stanford's School of Earth, Energy ... read more

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Shale state of Oklahoma says 'thank you' to OPEC The shale oil and natural gas sector in Oklahoma is on better footing now that OPEC has agreed to cut its production, the state's governor said. ... more		U.S. wants more up-front talks on planning for oil and gas drilling The U.S. government said it was revising how it plans for oil and gas drilling, and other resource activity so some of the focus was put at the front-end. ... more		Statoil starts work at its largest asset in British North Sea Norwegian energy company Statoil said it was making new strides in the North Sea by moving from planning to development of the region's Mariner oil field. ... more
				French company reconfigured gas supply contracts French energy company ENGIE said it renegotiated its long-term supply contract with one of the leading natural gas suppliers to the European market. ... more		Oil prices sputter out of the gates after historic rallies A drop in crude oil prices that marked an end to the OPEC honeymoon was saved in part by U.S. data showing steady labor gains, though wages remained soft. ... more

Iran takes note of foreign investors With Washington keeping its hold on the sanctions noose, the president of oil-rich Iran said foreign investors were moving into its economy. ... more		Senegal primed as one of the next big oil players Companies working to exploit frontier oil reserves are working to submit field development plans as quickly as possible, a top executive said. ... 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-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

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

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		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		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		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
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		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		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

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

Why Mexico's Oil Reform Is A Huge Opportunity For Investors		Oil prices sink as volatility takes hold		Texas oil production holding steady		Taliban pledge protection for Afghan gas pipeline		Putin steps back into OPEC production fray
Norway reports mixed results for oil and gas salaries		BP builds up North Sea portfolio		Oil-rich Alberta nearing end of recession		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

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