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Oil News and Gas News
February 22, 2017
OIL AND GAS
U.S. gas prices holding steady



Chicago (UPI) Feb 21, 2017
Weak consumer demand is offsetting volatility with oil prices and leaving retail gasoline markets relatively unchanged in the United States, analysis finds. Consumer price-watcher GasBuddy.com reports a national average retail price for a gallon of regular unleaded gasoline at $2.28, relatively unchanged from one week ago. Their analysis from last week, however, found this may be the seasonal bottom for retail gasoline prices. "Even as oil prices continue their seemingly confused sideway ... read more

OIL AND GAS
BHP Billiton confident about oil prices
As his company returns to profit, the head of Australian company BHP Billiton said he was confident about the long-term outlook for oil prices in particular. ... more
OIL AND GAS
Oilfield services company Wood Group sees rough road
Even though financial performance was as expected, oilfield services company Wood Group said it expected only a few market bright spots for 2017. ... more
OIL AND GAS
Libya signs deal with Russia's Rosneft
An agreement with Russian oil company Rosneft helps lay a foundation for the recovering oil sector in Libya, Libya's top oil producer said. ... more
OIL AND GAS
OPEC talk sends oil prices sharply higher
Crude oil prices were boosted substantially early Tuesday by OPEC comments that a stable price point for oil has yet to be reached. ... more
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OIL AND GAS
Norway's oil production lower than expected
Preliminary oil production figures for Norway show a daily average of about 1.6 million barrels per day, which the government said was lower than expected. ... more
OIL AND GAS
US-led coalition expects to stay in Iraq after Mosul
The commander of the US-led coalition fighting the Islamic State group said Monday he expected its forces would be allowed to stay in Iraq after Mosul is recaptured. ... more
OIL AND GAS
China's oil giant CNPC signs $1.77 bn Abu Dhabi deal
The China National Petroleum Corporation on Sunday secured an eight-percent share in an onshore oil concession in Abu Dhabi in a deal worth $1.77 billion, the Emirati company said. ... more
OIL AND GAS
Shell sees LNG sector rising
The demand for liquefied natural gas, a super-cooled and easily transported energy option, is set to outpace conventional gas, Royal Dutch Shell said. ... more
OIL AND GAS
Russia's Rosneft starts drilling in Iraq
Russian oil producer Rosneft reported Monday it started new drilling operations in Iraq, alongside a Chinese contracting partner. ... more
OIL AND GAS
Report finds EU still heavily dependent on fossil fuels
Members of the European Union remain dependent on fossil fuels even with robust low-carbon policies, the bloc's record-keeping arm reported. ... more


What constitutes Brent oil may be changing

OIL AND GAS
US 'not in Iraq to seize anybody's oil': Mattis
The United States is not about to plunder Iraq's petroleum reserves, Defence Secretary Jim Mattis, who was in Baghdad Monday, said as he sought to soothe partners rattled by President Donald Trump. ... more
OIL AND GAS
Iraq reports increased oil reserves of 153 bln barrels
Iraq's proven oil reserves have increased by 10 billion barrels to 153 billion, Oil Minister Jabbar al-Luaibi announced Sunday in a statement. ... more
OIL AND GAS
US 'not in Iraq to seize anybody's oil': Mattis
The United States is not about to plunder Iraq's petroleum reserves, Defence Secretary Jim Mattis, who arrived in Baghdad Monday, said as he sought to soothe partners rattled by President Donald Trump. ... more
OIL AND GAS
Iran boasts of robust rig count
Slightly less than 10 percent of the drilling rigs currently in service in the world are operating in the Iranian oil and gas sector, a petroleum official said. ... more

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Alberta backing bioenergy programs
The provincial government of Alberta said it was creating new jobs by offering funding to support bioenergy and a low-carbon future. The government said it was offering up to $45 million to support a bioenergy producer program aimed at deriving fuels from crops and livestock waste. The industry already powers the equivalent of 200,000 average households in Alberta and contributes ... more
A better way to farm algae

DuPont Industrial Biosciences to develop new high-efficiency biogas enzyme method

Cathay Pacific to cut emissions with switch to biofuel

Printable solar cells just got a little closer
A U of T Engineering innovation could make printing solar cells as easy and inexpensive as printing a newspaper. Dr. Hairen Tan and his team have cleared a critical manufacturing hurdle in the development of a relatively new class of solar devices called perovskite solar cells. This alternative solar technology could lead to low-cost, printable solar panels capable of turning nearly any surface ... more
Dream of energy-collecting windows is one step closer to reality

Trina Solar modules eligible for calls for tenders in France

Accelerated chlorophyll reaction in microdroplets to reveal secret of photosynthesis

US grid can handle more offshore wind power
Injecting large amounts of offshore wind power into the U.S. electrical grid is manageable, will cut electricity costs, and will reduce pollution compared to current fossil fuel sources, according to researchers from the University of Delaware and Princeton University who have completed a first-of-its-kind simulation with the electric power industry. The researchers consulted with PJM Inte ... more
Michigan meets renewable energy targets

British grid drawing power from new offshore wind farm

Prysmian UK to supply land cable connections for East Anglia ONE offshore wind farm

System automatically detects cracks in nuclear power plants
A new automated system detects cracks in the steel components of nuclear power plants and has been shown to be more accurate than other automated systems. "Periodic inspection of the components of nuclear power plants is important to avoid accidents and ensure safe operation," said Mohammad R. Jahanshahi, an assistant professor in Purdue University's Lyles School of Civil Engineering. "How ... more
China delays nuclear reactor start again

Slovenian nuclear plant restarts after shutdown

Russia's Rosatom Subsidiaries Produced 7,900 Tonnes of Uranium in 2016

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Warming ponds could accelerate climate change
Rising temperatures could accelerate climate change by reducing the amount of carbon dioxide stored in ponds and increasing the methane they release, new research shows. The scientists experimentally warmed an array of ponds over seven years by 4-5+ C and studied the impacts on greenhouse gas emissions and rates of metabolism. Changes observed after the first year became "amplified" over a ... more
Brazil's poorest region suffers worst drought in a century

Climate study delivers dire warning on Alpine snow

Gas hydrate breakdown unlikely to cause massive greenhouse gas release

Roads are driving rapid evolutionary change in our environment
Roads are causing rapid evolutionary change in wild populations of plants and animals according to a Concepts and Questions paper published in Frontiers in Ecology and the Environment. The paper is available now online in 'early view' ahead of being featured on the cover in the print edition on March 1. (A pdf of the paper is also available here). Said to be the largest human artifact on t ... more
Four-stroke engine cycle produces hydrogen from methane and captures CO2

NTU Singapore invents ultrafast camera for self-driving vehicles and drones

Tesla takes on Gulf gas guzzlers

Iraq forces press assault on IS south of Mosul
Iraqi forces consolidated positions Tuesday after blasting their way to the southern edge of Mosul in an assault Baghdad and its partners hope will spell the doom of the jihadist "caliphate". They were upbeat on the third day of a rekindled offensive in the operation which was launched on October 17 to retake Iraq's second city, the Islamic State group's last major stronghold in the country. ... more
Iraq forces battle IS to close in on Mosul's west bank

Mosul civilians divided over Iraqi army advice to 'stay at home'

Iraq digs anti-IS trench around city of Ramadi

China move puts onus on US in N. Korea impasse: experts
China's snap decision to halt North Korean coal imports - a key economic lifeline for Pyongyang - has a broader motive aimed at shaping Donald Trump's as yet undefined policy towards the North's rogue nuclear arms programme, experts say. North Korea defied the world a week ago with a missile test and is suspected of orchestrating the stunning assassination a day later of supreme leader Kim ... more
No major impact from China coal ban, says N.Korea official

Iran in new military drills despite US warnings

US pledges nuclear defence for Japan, S.Korea after N.Korea missile launch

Military Radar Summit 2017
Villagers glorify their children in China festival
Looking like living dress-up dolls, elaborately costumed children are paraded through an eastern China village as firecrackers roar, commemorating the end of barbaric child sacrifices hundreds of years ago. It's an annual event in the village of Tufang in coastal Fujian province, where China's Hakka community is concentrated and marks its unique history with a range of colourful festivals. ... more
Hong Kong police jailed over attack on democracy protester

Struggle against evil sparks China ritual

Ex-VP of China's top court jailed for life over graft

A tonne of ivory, hacked into pieces, seized in Uganda
Ugandan authorities have seized more than a tonne of ivory, chopped into small pieces and treated with a chemical intended to prevent it being detected, the national wildlife protection service said Monday. The haul was made in a Kampala suburb on Saturday, before it could be loaded at Entebbe international airport and flown off to an unknown destination, the authorities said. A Liberian ... more
Civilians in the crossfire of Boko Haram and the military

Fresh delay for Mali interim authorities amid protests

DR Congo dubs video massacre fake, but admits "excesses"

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Russian Helicopters in talks with India for 200 aircraft
Russian Helicopters is in talks with the government of India for the potential sale of 200 helicopters to support various security roles. Representatives for the state-owned defense enterprise say both parties are finalizing the terms of the contract. Under the current draft, 140 of the rotorcraft will be built in India. The remaining 60 will be supplied by the company's existing facili ... more
NATO countries to join multinational aerial tanker initiative

India, Russia close in on chopper deal: report

Czech Republic, Switzerland eye A400M lease from Germany

China's huge debt poses big headache for central bank
Chinese banks lent more money in January alone than the annual GDP of South Africa, as borrowers rushed to take advantage of government policies intended to stimulate the economy with easy credit. But the free-for-all has had unintended consequences, creating a tottering tower of unsustainable debt, with Beijing now trying to tighten monetary policy and reduce access to credit without bringi ... more
HSBC profits plunge as bank navigates political storms

China outbound investment plunges under new curbs

Trump trade strategy 'doomed to failure:' US trade expert

Develop commercial strategies for the global deployment of SMRs and Advanced Reactors
Property and credit booms stablise China growth
Chinese growth stabilised in the third quarter, data showed Wednesday, as ample credit and hot property markets propped up the world's second-largest economy. But while the forecast-beating reading was in line with state targets, it came as experts warned that authorities have relied too much on easy credit, which has in turn increased financial risks. The economy grew 6.7 percent in Jul ... more
China data and US banks propel equities higher

No debt-for-equity cure for zombie firms, says China

China's ranks of super-rich rise despite economic slowdown

Germany to boost troops as US urges more defence spending
Germany will increase its military to nearly 200,000 troops over the next seven years, the defence ministry said Tuesday, a day after US Vice President Mike Pence urged European allies to boost their defence spending. Berlin had already announced last May its first increase in troop count since the Cold War, but the ministry said it was further revising numbers upwards. The Bundeswehr is ... more
Pence reassures Europe, demands NATO funds

US aircraft carrier strike group patrolling S. China Sea

Trump's envoy at UN warns Russia US stands firm on NATO, EU

Study finds 6,600 fracking spills in four states over 10 years
In a new study, researchers tallied spills at hydraulic fracturing sites between 2005 and 2014 in Colorado, New Mexico, North Dakota and Pennsylvania. Researchers surveyed state records of incidents at 31,481 fracking wells. According to their work, the decade yielded 6,648 spills in just four states. "State spill data holds great promise for risk identification and mitigation," ... more
Underwater seagrass beds dial back polluted seawater

Tiny plastic particles from clothing, tyres clogging oceans: report

Polluted Indian lake catches fire

Civilians trickle towards Iraq forces in new Mosul assault
On the edge of the village of Al-Buseif, captured overnight from the Islamic State group by Iraqi forces advancing on western Mosul, a federal policeman signalled to fleeing civilians. The small group of villagers, some carrying makeshift white flags, walked slowly along a dirt road in the valley below, metres (yards) from the western bank of the Tigris river. They were the first civilia ... more
DR Congo snubs calls for inquiry of massacre video

British Museum training Iraqi experts to save Mosul heritage

Drug shortages and malnutrition in Mosul



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