Oil and Gas News

December 07, 2016

More help coming to Afghan energy sector
Kabul, Afghanistan (UPI) Dec 6, 2016
More than $400 million in grants will help Afghanistan increase access to reliable sources of energy, the Asian Development Bank said. Afghan energy demand has outpaced economic growth by a factor of nearly 2-to-1 since 2015 and the war-torn country relies on its neighbors for about 80 percent of its energy supplies. Its national grid, meanwhile, is barely connected and synchronized with border countries. The Asian Development Bank said it approved $415 million in grants to help address ... read more

Previous Issues

Dec 06

Dec 05

Dec 02

Dec 01

Nov 30

Gas prices follow the price of oil higher U.S. gasoline prices are rising alongside oil prices that rallied on the back of an OPEC production deal, though retail analysts are questioning the duration. ... more		Iran says it can sell as much oil as it wants Iran can sell as much crude oil as it wants to thanks in part to a multilateral nuclear agreement that eased crippling sanctions, the country's president said. ... more		Cuban oil program accelerating A Cuban-focused oil company said it was taking a closer look at the business climate there with the goal of accelerating its drilling program next year. ... more
				Oil prices crash as reality sets in Growing sentiment Tuesday that the rally in crude oil prices will lead to more appetite for production helped put an end to an OPEC-fueled run for the bulls. ... more		British PM joins Gulf summit for post-Brexit trade talks British Prime Minister Theresa May was to join Gulf Arab leaders at a summit in Bahrain on Tuesday for talks on trade after Britain's exit from the European Union. ... more

FMC, Technip merger latest in a trend FMC Technologies and Technip, two companies working to assist with oil and gas exploitation, became the latest in the industry to agree to a merger. ... more		Statoil: Producers should play role in climate fight Norwegian energy company Statoil said the fight against climate change depends in large part on how oil and gas companies conduct business. ... 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		BP keeping focus on North Sea British energy company BP said it was embarking on a drilling campaign in the southern waters of the North Sea that could uncork a new natural gas reserve. ... more
				Iranian MPs declared victory with OPEC deal Members of the Iranian parliament said Monday they signed a letter of appreciation that, in effect, declared victory with last week's OPEC production deal. ... more		Rally in oil prices knows no quarter With few short-term factors standing in the way of bullish market sentiments, crude oil prices continued their steady march past $55 per barrel early Monday. ... 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

Once-mighty Chesapeake continues divestment streak Once one of the stronger shale gas companies in the United States, Chesapeake Energy said it closed on a $450 million deal to sell some of its shale acreage. ... more		Li Ka-shing's Cheung Kong targets Australia's Duet Li Ka-shing's Cheung Kong Infrastructure on Monday offered Aus$7.3 billion (US$5.4 billion) for an Australian energy group, just months after his bid for the country's largest electricity network was blocked on security grounds. ... 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		Fate of North Dakota pipeline may fall to Trump Native Americans and their supporters expressed cautious optimism Monday after the US Army nixed plans for a controversial oil pipeline crossing in North Dakota, with many fearing their victory could be short lived. ... more
Kurdish government short on oil export payments Companies working in the Kurdish north of Iraq said they were paid collectively more than $50 million for oil exports through Turkey, but still owed more. ... more		Dakota Access Pipeline partnership cries foul The partnership behind the Dakota Access Pipeline said a weekend decision to block further construction was political interference from Washington. ... 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		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

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

French company reconfigured gas supply contracts		Oil prices sputter out of the gates after historic rallies		Iran takes note of foreign investors		Senegal primed as one of the next big oil players		Oil-rich Russia sees economic growth ahead
Gas prices steady after OPEC deal		OPEC deal more about balance than price		Israeli power to get gas from huge offshore field		Dallas Fed sees broad-based optimism		Talk of OPEC deal sends oil prices skyrocketing

Dutch court rejects lawsuit over Ivory Coast spill

A debut of sorts for Norwegian oil

More LNG exports possible from U.S. ports

Baker Hughes creates new fracking unit

Canada walks oil pipeline tightrope

Canada approves tripling capacity of Trans Mountain pipeline to Pacific

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

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