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Oil News and Gas News
March 17, 2017
OIL AND GAS
Fitch: Azerbaijan's energy company facing mixed pressures



Washington (UPI) Mar 17, 2017
The state energy company of Azerbaijan, a party to OPEC-led balance efforts, beat its peers in terms of revenue, but remains pressured, a ratings agency said. Azerbaijan is dominated by the State Oil Company of Azerbaijan Republic and Fitch Ratings said the company's profile is at the low-end of the BB rating category, a speculative-grade category signaling a high level of credit risk. In defending the rating, Fitch said in a report emailed to UPI that Azerbaijan's reserves are limited a ... read more

OIL AND GAS
Saudi king's China trip nets agreements 'worth billions'
Beijing (AFP) March 16, 2017
China and Saudi Arabia signed agreements potentially worth tens of billions of dollars on Thursday, Beijing said, as President Xi Jinping welcomed Saudi King Salman on a state visit. ... more
OIL AND GAS
Oil prices inching back toward mid-$50 range
Washington (UPI) Mar 16, 2017
Crude oil prices continued to inch back Thursday toward its narrow band for the year to rally after a U.S. rate hike and signs of easing supply-side strains. ... more
OIL AND GAS
Russia's Lukoil backs OPEC production cut extension
Washington (UPI) Mar 16, 2017
It's reasonable to give serious consideration to extending a production agreement led by OPEC, the head of Russian oil company Lukoil said Thursday. ... more
OIL AND GAS
DNO turns a profit on Kurdish assets
Washington (UPI) Mar 16, 2017
With a strong focus on the Kurdish north of Iraq, Norwegian oil company DNO said it posted a $6 million profit last year on lower costs and better payments. ... more
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DSI 4th Space Resiliency Summit November 28-29, 2017 Alexandria, VA
International SMR and Advanced Reactor Summit 2018 - March 27-28 - Atlanta USA
Nuclear Plant Digitalization Conference -November 2017, Charlotte, NC USA

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OIL AND GAS
Oil and gas exporter Norway keeps policy rate static
Washington (UPI) Mar 16, 2017
A main oil and gas supplier to the European economy, the central bank in Norway said Thursday it was keeping its policy rate stable as recovery takes hold. ... more
OIL AND GAS
Moody's: Shaky economic ground for some oil exporters
New York NY (UPI) Mar 15, 2017
The economic footing of Persian Gulf nations is under pressure from the decline in crude oil prices that began three years ago, Moody's Investors Service said. ... more
OIL AND GAS
How Trump's trip to Michigan will pan out for fuel and efficiency
Detroit MI (UPI) Mar 15, 2017
As President Trump heads to Michigan on Wednesday to roll out relaxed vehicle emissions and fuel standards, debates began early over the potential results. ... more
OIL AND GAS
Be patient on oil market balance, IEA says
Vienna (UPI) Mar 15, 2017
There's nothing shocking in the steady build of crude oil inventory levels and those waiting for the market to balance out should be patient, the IEA said. ... more
OIL AND GAS
Germany's E.ON next to turn face to low-carbon future
Berlin (UPI) Mar 15, 2017
German energy company E.ON said Wednesday it's been able to free itself from past burdens and was positioned for growth in a "new energy world." ... more
OIL AND GAS
Crude oil prices hot out of the gate Wednesday
Houston TX (UPI) Mar 15, 2017
Crude oil prices offset several sessions of steep declines with an early Wednesday morning rally on reports of a surprise draw on U.S. crude oil inventories. ... more


Total starts production in deep Congolese waters

OIL AND GAS
Oil production ongoing in Libya, OMV says
Zurich (UPI) Mar 15, 2017
A spokesperson for Austrian energy company OMV said oil production in Libya is ongoing and the opportunity for gains is expected this year. ... more
OIL AND GAS
Russia reacts to steep drop in oil prices
Washington (UPI) Mar 14, 2017
The dramatic drop in crude oil prices is in large part because of "aggressive" output in the United States, but OPEC still factors in, a Russian minister said. ... more
OIL AND GAS
Production gains seen in some OPEC members
Washington (UPI) Mar 14, 2017
Secondary sources reporting to OPEC said member states operating outside a production deal increased production last month by more than 80,000 barrels per day. ... more
OIL AND GAS
Drop in crude oil prices keep U.S. gas prices low
Washington (UPI) Mar 14, 2017
A drop in crude oil prices was a relief for U.S. consumers who saw retail gas prices drop in kind, but the relief may be short-lived, a market analysis finds. ... more

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Scientists harness solar power to produce clean hydrogen from biomass
Cambridge, UK (SPX) Mar 15, 2017
A team of scientists at the University of Cambridge has developed a way of using solar power to generate a fuel that is both sustainable and relatively cheap to produce. It's using natural light to generate hydrogen from biomass. One of the challenges facing modern society is what it does with its waste products. As natural resources decline in abundance, using waste for energy is becoming more ... more
Gothenburg, Sweden (SPX) Mar 13, 2017
Petrol and jet fuel alternatives are produced by yeast cell factories
University Park PA (SPX) Mar 13, 2017
Energy crop production on conservation lands may not boost greenhouse gases
Hampton VA (SPX) Mar 16, 2017
NASA Study Confirms Biofuels Reduce Jet Engine Pollution
EU close to 2020 renewable energy target
Washington (UPI) Mar 14, 2017
Members of the European Union are about 3 percentage points away from meeting their 2020 objectives for renewable energy, its statistics office reported. Members of the EU agreed to a benchmark of 20 percent for a share of renewable energy on their grids by 2020. Eurostat, the bloc's record-keeping office, said the share of renewable energy in final consumption in 2015, the last full ye ... more
Barrington RI (SPX) Mar 15, 2017
Nuera Solar Announces Partnership with The Solar Village Project
Lappeenranta, Finland (SPX) Mar 13, 2017
Iran and Middle East could adopt fully renewable electricity systems
Brussels (UPI) Mar 13, 2017
EU funding renewable energy efforts in Algeria
North Carolina ready for offshore wind energy auction
Washington (UPI) Mar 16, 2017
More than 100,000 acres off the coast of North Carolina go on the auction block Thursday for potential wind energy development, the U.S. government said. The U.S. Department of Interior pounded the gavel to open the seventh offshore wind auction, putting 122,405 acres off the North Carolina coast on the block for commercial wind energy leasing. In August 2014, the Bureau of Ocean ... more
London (UPI) Mar 13, 2017
Flagship English Channel wind farm nears completion
Paris (UPI) Mar 06, 2017
French, Spanish companies set for more wind power off coast of France
Washington DC (UPI) Mar 07, 2017
Wind energy gaining traction, U.S. trade group says
The EIC and Nuclear AMRC sign MoU
London, UK (SPX) Mar 13, 2017
Two leading organisations within the UK's nuclear industry, the Energy Industries Council (EIC) and the Nuclear Advanced Manufacturing Research Centre (Nuclear AMRC), have signed a Memorandum of Understanding (MoU) to work together to promote global opportunities in the nuclear industry and support UK companies to enter the sector, at a ceremony held at the Nuclear AMRC's Rotherham campus on Tue ... more
Tokyo (AFP) March 15, 2017
Loss-hit Toshiba nosedives on fears about future
Manchester UK (SPX) Mar 13, 2017
Potential approach to how radioactive elements could be 'fished out' of nuclear waste
Washington (UPI) Mar 14, 2017
German energy company RWE evolving for success
13 killed in Kenya in drought-related violence
Nairobi (AFP) March 15, 2017
Thirteen people, mostly women and children, have been killed in central Kenya this week in a cycle of violence between rival farming tribes hit by drought, police and the Red Cross said. Police spokesman George Kinoti said the violence broke out on Monday when Ilchamus herdsmen, a sub-group of the Tugen people, launched an attack on members of the Pokot tribe seeking to steal their cattle. ... more
Pasadena CA (SPX) Mar 15, 2017
Cold climates and ocean carbon sequestration
Potsdam, Germany (SPX) Mar 15, 2017
Vicious circle of drought and forest loss in the Amazon
Washington (AFP) March 15, 2017
Pentagon chief says climate change threatens security
German prosecutors search Audi offices over 'dieselgate'
Frankfurt Am Main (AFP) March 15, 2017
State prosecutors in southern Germany said Wednesday they had searched offices belonging to carmaker Audi over parent company Volkswagen's diesel emissions cheating scandal. Investigators from Bavaria, Baden-Wuerttemberg and Lower Saxony states searched "sites belonging to Audi AG and seven other locations" on suspicion of "fraud and illegal advertising", Munich prosecutors said in a stateme ... more
Jerusalem (AFP) March 17, 2017
Intel deal may fuel Israel's rise as builder of car brains
Paris (AFP) March 15, 2017
Renault chiefs implicated in decades-long emissions fraud: probe
New York (AFP) March 16, 2017
More gas guzzlers due to Trump? Not necessarily
DSI 4th Space Resiliency Summit November 28-29, 2017 Alexandria, VA
More than 150,000 Iraqis fled west Mosul fighting: ministry
Baghdad (AFP) March 16, 2017
Iraqi authorities said Thursday that more than 150,000 people have fled fighting in and around west Mosul since security forces launched an operation to retake it from jihadists last month. The International Organization for Migration released displacement figures on Wednesday indicating that nearly 100,000 had fled, but those statistics included fewer people residing outside of camps. A ... more
Mosul, Iraq (AFP) March 16, 2017
Adopting IS tactic, Iraqi forces weaponise small drones
Mosul, Iraq (AFP) March 17, 2017
Iraq commander announces gains in Mosul Old City
Mosul, Iraq (AFP) March 15, 2017
Nearly 100,000 Iraqis flee battle for west Mosul
Military action against N. Korea an 'option': Tillerson
Seoul (AFP) March 17, 2017
Military action by the United States against nuclear-armed North Korea is an "option on the table" if the threat from the rogue regime escalates, Washington's top diplomat Rex Tillerson said Friday. The strong comments from the secretary of state, in Asia for his first foray into crisis management, appear to signal a sea change in American policy towards the isolated country. Tillerson's ... more
Seoul (AFP) March 17, 2017
Tillerson seeks new North Korea plan on Seoul visit
Seoul (AFP) March 17, 2017
Tillerson seeks new North Korea plan on Seoul visit
Moscow (Sputnik) Mar 13, 2017
Iran Postpones Rocket Carrier Launch Fearing US Threats
Tillerson to East Asia in shadow of North Korea threat
Washington (AFP) March 13, 2017
With North Korea's drive to field a nuclear-armed missile rapidly emerging as President Donald Trump's first foreign crisis, his top diplomat is heading to a nervous region. US Secretary of State Rex Tillerson, a former oil executive with no government experience, has yet to make an impact in Washington, where he has not even appointed a senior staff. But this week he will head as emissa ... more
Beijing (AFP) March 14, 2017
'Tell it like it is': China delegate rips meek Congress
Hong Kong (AFP) March 14, 2017
Hong Kong leadership rivals clash ahead of 'unfair' vote
Beijing (AFP) March 13, 2017
China lawmakers draft rules against defaming 'heroes'
Senegal extradites Guinean soldier wanted over massacre
Conakry (AFP) March 13, 2017
A Guinean soldier wanted over the massacre of more than 150 people in a Conakry stadium has been extradited, ending years on the run in neighbouring Senegal and paving the way for his trial. Aboubakar Sidiki Diakite, also known as Toumba Diakite, was an aide de camp to Guinean coup leader Dadis Camara when 157 people were killed in September 2009 at an opposition rally. Witnesses reporte ... more
Addis Ababa (AFP) March 10, 2017
.africa joins the internet
Abuja (AFP) March 8, 2017
Nigerian military to probe rights abuse claims
Bamako (AFP) March 5, 2017
11 Malian soldiers killed in attack on border base
International SMR and Advanced Reactor Summit 2018 - March 27-28 - Atlanta USA
Reduce Fuel Burn With a Dose of BLI
Washington DC (SPX) Mar 15, 2017
It sounds like a cause of heart burn. Instead, Boundary Layer Ingestion - or BLI - is a promising idea NASA researchers are studying to reduce fuel burn in jet engines, thus reducing emissions and the cost of operating the aircraft. At its simplest: With BLI, an airplane's engines are located near the rear of the aircraft so that air flowing over the aircraft body becomes part of the mix o ... more
Washington (UPI) Mar 13, 2017
MDH debuts multi-mission concept helicopter
Washington (UPI) Mar 16, 2017
U.S. Army looks to Air Force for future air defenses
Washington (UPI) Mar 13, 2017
Boeing to sustain South Korea's F-15 fleet
Family of Trump son-in-law in $4 bn deal with Chinese company
Washington (AFP) March 14, 2017
A company owned by the family of President Donald Trump's son-in-law, Jared Kushner, is set to receive more than $400 million from a Chinese firm that is investing in its Manhattan office tower, Bloomberg reported Monday. The Kushner Companies deal with Anbang Insurance Group for the property at 666 Fifth Avenue is worth $4 billion, with real estate experts calling it an unusually favorable ... more
Beijing (AFP) March 15, 2017
Chinese premier warns US against 'trade war'
Berlin (AFP) March 15, 2017
G20 finance ministers to meet under America First shadow
Berlin (AFP) March 16, 2017
Merkel, Xi defend free trade ahead of G20 meet
Property and credit booms stablise China growth
Beijing (AFP) Oct 19, 2016
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
New York (AFP) Oct 14, 2016
China data and US banks propel equities higher
Beijing (AFP) Oct 11, 2016
No debt-for-equity cure for zombie firms, says China
Beijing (AFP) Oct 13, 2016
China's ranks of super-rich rise despite economic slowdown
NATO head says more defence spending 'essential' to US ties
Brussels (AFP) March 13, 2017
NATO chief Jens Stoltenberg on Monday told allies to boost defence spending, as demanded by US President Donald Trump, if they want to preserve crucial transatlantic defence ties. "This is essential for the continued strength of the transatlantic bond on which our alliance is founded," Stoltenberg said in NATO's 2016 annual report. "For almost 70 years the unique partnership between Euro ... more
Berlin (AFP) March 17, 2017
Germany wants change to NATO two-percent budget goal
Vilnius (AFP) March 16, 2017
Lithuania wants NATO command headquarters on eastern flank
Brussels (AFP) March 15, 2017
NATO urges Turkey, Austria to end spat blocking programs
Daily Newsletters - Space - Military - Environment - Energy
Trump budget 'cripples' environment, science, critics say
Miami (AFP) March 16, 2017
US President Donald Trump's proposed 2018 budget would slash funding for science, health and environmental programs at home and abroad, sparking an outcry Thursday among experts who say the cuts would endanger the planet. The blueprint, which also includes sharp cuts in spending on the arts and foreign aid, has yet to undergo scrutiny in Congress and must be approved by lawmakers before it c ... more
Tuzla, Bosnia And Herzegovina (AFP) March 15, 2017
Polluted air causing early deaths in fossil-fuelled Balkans
Paris (AFP) March 14, 2017
Curbing pollution can prevent 3 mn Chinese deaths a year
Addis Ababa (AFP) March 15, 2017
Ethiopia rubbish dump landslide death toll soars to 113
Ai Weiwei slams 'shameful' politicians ignoring refugees
Prague (AFP) March 16, 2017
Chinese dissident artist Ai Weiwei on Thursday slammed "shameful" politicians who ignore refugees as he launched a giant art installation centered on their fate at the National Gallery in Prague. Called "Law of the Journey", the show features a 70-metre-long (230-foot-long) inflatable boat with 258 oversize refugee figures. A tribute to the thousands who have drowned crossing the Mediter ... more
Kathmandu (AFP) March 14, 2017
Nepal police demolish camp for earthquake displaced
Hamam Al-Alil, Iraq (AFP) March 14, 2017
After fleeing homes, Iraqis near Mosul wait for tents
Tokyo (AFP) March 17, 2017
Japan court rules government liable for Fukushima disaster


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