Oil and Gas News

December 16, 2016

Statoil exits oil sands projects in Canada
Oslo (AFP) Dec 15, 2016
Norwegian oil giant Statoil said Thursday it was exiting its oil sands projects in Canada, booking a loss, in a move hailed by environmental activists. The group said it had reached an agreement to sell its 100-percent stake in the Kai Kos Dehseh (KKD) oil sands projects in the province of Alberta, to the Athabasca Oil Corporation of Canada for Can$832 million ($626 million, 597 million euros). Following the divestment, Statoil will not operate any oil sands projects, a business area the deep ... read more

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Dec 15

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Dec 12

Dec 09

Statoil sells off Canadian assets Canadian energy company Athabasca Oil Corp. said it scaled up its portfolio in heavy oil in a $435 million deal with Norwegian energy major Statoil. ... more		Jessica Uhl to replace Simon Henry as Shell CFO Royal Dutch Shell, evolving in the wake of a merger with BG Group, announced Chief Financial Officer Simon Henry is stepping down after seven years. ... more		Supplies, Fed rate drag oil prices lower Supply-side pressures and the influence of a decision to raise interest rates from the U.S. Federal Reserve sent oil prices lower in early Thursday trading. ... more
				Gas flowing from North Sea bright spot A gas field in the British waters of the North Sea started production, which at its peak, should account for 5 percent of the nation's total, Centrica said. ... more		Interest low for New Zealand oil and gas New Zealand's energy minister took the high road on the country's onshore energy potential despite few bidders showing up for the latest offer. ... more

BP resettles U.S. division in Denver British energy company BP said it was relocating the headquarters for its Lower 48 U.S. states division from Houston to Denver as part of a "homecoming." ... more		Shell makes deepwater breakthrough in Malaysia Tapping the deep-water oil prospects off the coast of Malaysia is indicative of the confidence of growth from those basins, Royal Dutch Shell said. ... more		AI tool accelerates SAR image analysis with automated object detection Fossil energy 'significant' driver of climate-fuelled heatwaves: study Ethiopia's mega-dam ranks 15th globally		Exxon starts possible post-Tillerson transition Exxon Mobil's top brass said the company was in the early stages of front-office changes now that Rex Tillerson is tapped as the next U.S. secretary of state. ... more
				Fracking can harm drinking water, says US agency Hydraulic fracturing to release natural gas and oil can have a negative impact on the quality and availability of drinking water in the United States, the US government said Tuesday. ... more		Iraq works on southern oil export expansion British energy company Petrofac said it secured a $75 million contract to help with the expansion of a crude oil export facility at a southern Iraqi port. ... more

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

Oil companies in North Dakota awakening Energy companies working in North Dakota are shifting from a position of reserve to one of optimism with oil prices in recovery, a state leader said. ... more		OPEC balance sentiment pushes oil prices lower An OPEC report that balance would return to the oil market later than a previous rival forecast sent crude oil prices tumbling in early Wednesday trading. ... more		Asteroid tells secrets of Earth's 'far wetter' building blocks Boeing accelerates spacecraft production with 3D-printed solar panel structures The Fun Side of Randomness		OMV trades assets for chance at Russian gas Austrian energy company OMV said it was set to increase its reserve base following an asset swap that gives it a footprint in Russian natural gas reserves. ... more
California seeks permanent ban on oil, gas prospecting California Governor Jerry Brown on Tuesday urged US President Barack Obama to ban oil and gas drilling off the state's coast to protect the oceans and fight global warming. ... more		Shale player Continental ups production estimate While announcing new reserve opportunities in Oklahoma, shale player Continental Resources said it expects to end the year with more output than predicted. ... more		Not So Prolific: U.S. Shale Faces A Reality Check The collapse of oil prices has forced the U.S. shale industry to slash production costs. In order to improve the "breakeven" costs for the average shale well, the industry has deployed three general ... more		Rex Tillerson: from oil diplomat to secretary of state As chief of ExxonMobil, Rex Tillerson honed many of the skills inseparable from the exercise of high-level diplomacy: navigating complex geopolitics and pushing tough negotiations with friends and foes around the world. ... more

	As oil prices go, so go gas prices, AAA says With crude oil prices on a sustained rally in the wake of deals cut by major producers, U.S. gas prices likely won't decline, analysis finds. ... more		Oil prices up, but gains softening Crude oil prices opened Tuesday in positive territory as the OPEC-fueled euphoria continues, though gains may be softening as a limit starts to emerge. ... more

AI powered SAR imagery analysis tool launched by SATIM and ICEYE

Ghosts of the Deep: China's AJX-002 XLUUV and the Geopolitics of Undersea Power

Global Invacom unveils XRJ transceiver for government and defense satcom

Russia to study Iranian oil fields		No free oil rides, IEA says		Leaked BP report reveals safety lapses: Greenpeace		Oil recovery may be emerging in North Dakota		I'll solve the Dakota Access pipeline question: Trump
New lead aids development of super premium gasoline		Rosneft deal shielded from sanctions		Finance sector warms to fossil fuel divestments: study		Oil prices surge on yet another OPEC maneuver		Leviathan gas field start date approved

Eni brings another partner to Egyptian gas giant

Moody's: A few 'ifs' for Iran's budget plans

Nerves enough to send oil prices higher

Texas drilling permits lower than last year

Only two OPEC members posted production declines

White House raises eyebrow over Rosneft deal

Wood Mac: Mixed bag for oil and gas exploration next year

Russia's stance on OPEC meeting seems fluid

U.S. oil producers lifted by OPEC action

Oil prices get lift on signs of balance

Trump under fire over environment pick

Oklahoma seeing gains from higher oil prices

Russian oil producers loosely in line with OPEC

Chevron outlines cut in exploration and production spending

Global consortium buys majority of UK gas business

Venezuela says Russia played key role with OPEC

Texas energy overseer drafts five-year plan

U.S. rig count increased more than 6 percent

One of the world's largest gas fields gets stimulus package

Oil prices sink for second consecutive day

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