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Oil News and Gas News
August 07, 2017
OIL AND GAS
Iraqi oil wealth not enough for broad economic growth



Washington (UPI) Aug 4, 2017
Corruption and internal political rifts could be factors weighing on the economy of OPEC-member Iraq, a report from Moody's Investors Service said. Moody's gave Iraq a Caa rating, its third lowest. Entities rated Caa are exposed to "very high" credit risks. The report, emailed to UPI on Friday, found Iraq was well-endowed with oil wealth, but lacks economic growth opportunities from other sectors. Iraq is a member of the Organization of Petroleum Exporting Countries and party, albeit rel ... read more

OIL AND GAS
Platts: OPEC balancing act is starting to wobble
Washington (UPI) Aug 4, 2017
Liberia and Nigeria, two countries exempt for OPEC-led efforts to balance the market, continue to threaten the overall objective, S&P Global Platts reported. ... more
OIL AND GAS
Seismic events strike shale-rich Oklahoma for second day
Washington (UPI) Aug 4, 2017
The U.S Geological Survey recorded a cluster of tremors early Friday in a part of Oklahoma on a watch list for activity related to shale oil and gas operations. ... more
OIL AND GAS
U.S. labor balances OPEC supply strains to leave oil prices even
Washington (UPI) Aug 4, 2017
OPEC production concerns were balanced by strong labor figures from the United States, the world's largest economy, leaving oil prices flat early Friday. ... more
OIL AND GAS
Dallas Fed: Oil prices and exploration activity diverge
Washington (UPI) Aug 4, 2017
U.S. crude oil prices could move close to $60 by the end of the year, but rig counts in Texas could stall, the Federal Reserve Bank of Dallas reported. ... more
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OIL AND GAS
Kuwait ships first batch of oil to refinery in Vietnam
Washington (UPI) Aug 4, 2017
Vietnam drew more energy attention as Kuwait announced it sent its first-ever shipment east to a Kuwaiti-built refinery in the Asian nation. ... more
OIL AND GAS
Venezuela's military: Key things to know
Caracas (AFP) Aug 6, 2017
The powerful military in riot-torn Venezuela has sworn "unconditional loyalty" to the leftist government of embattled President Nicolas Maduro. It is a key player in the ongoing political crisis. ... more
OIL AND GAS
Wood Group, Amec Foster Wheeler merger under scrutiny
Washington (UPI) Aug 3, 2017
Energy companies Wood Group and Amec Foster Wheeler said they've done enough to address competition issues after the British government expressed concern. ... more
OIL AND GAS
Several earthquakes strike shale-rich Oklahoma
Washington (UPI) Aug 3, 2017
Eight earthquakes were recorded Thursday in Oklahoma, a state at the heart of the shale oil and natural gas industry, the U.S. Geological Survey reported. ... more
OIL AND GAS
Poll: Shale drilling a new concept to the British public
Washington (UPI) Aug 3, 2017
With shale drilling about ready to go for the first time ever in the country, British opponents said public sentiment was moving against the practice. ... more
OIL AND GAS
Repsol suspends oil project in disputed sea off Vietnam
Hanoi (AFP) Aug 3, 2017
Spanish oil giant Repsol said it has suspended a multi-million-dollar oil exploration project in an area of the South China Sea off Vietnam claimed by both Hanoi and Beijing, amid reports of a spike in tensions between the communist neighbours. ... more


Demand factors lift crude oil prices higher

OIL AND GAS
Enbridge: Michigan, North Dakota pipelines working as planned
Washington (UPI) Aug 3, 2017
The source of opposition, pipeline company Enbridge said in its second quarter report that pipelines in Michigan and North Dakota were operating as expected. ... more
OIL AND GAS
Strong performance for Norwegian oil player, Lundin
Washington (UPI) Aug 2, 2017
Strong revenue growth for the second quarter and a pipeline of high-profile developments sets up Lundin Petroleum as a premier European player, the CEO said. ... more
OIL AND GAS
Azeri oil exports moved higher in July
Washington (UPI) Aug 2, 2017
A party to an OPEC-led consortium working to balance an oversupplied market, Azerbaijan reported oil exports were higher in July than in June. ... more
OIL AND GAS
Iran making pipeline strides
Washington (UPI) Aug 2, 2017
Iran is becoming less dependent on its neighbors for natural gas with the launch of a pipeline to the northern provinces, the government said. ... more



Biochar could clear the air in more ways than one
Houston TX (SPX) Jul 31, 2017
Biochar from recycled waste may both enhance crop growth and save health costs by helping clear the air of pollutants, according to Rice University researchers. Rice researchers in Earth science, economics and environmental engineering have determined that widespread use of biochar in agriculture could reduce health care costs, especially for those who live in urban areas close to farmland ... more
Berkeley CA (SPX) Jul 31, 2017
New light-activated catalyst grabs CO2 to make ingredients for fuel
Pullman WA (SPX) Jul 25, 2017
Algae cultivation technique could advance biofuels
Amherst MA (SPX) Jul 25, 2017
Fungi that evolved to eat wood offer new biomass conversion tool
India facing renewable energy challenges
(UPI) Jul 31, 2017
An effort in India, one of the world's strongest economies, to improve the renewable energy sector could face headwinds, Moody's Investors Service said. India aims to triple its renewable power capacity by 2022 to 175 gigawatts by drawing on new solar and wind energy sources. The country is No. 4 in the world in terms of new solar power, No. 4 in the world based on cumulative wind power ... more
Washington (UPI) Aug 1, 2017
Chinese renewable energy capacity growing rapidly
Tempe AZ (SPX) Jul 31, 2017
A new picture emerges on the origins of photosynthesis in a sun-loving bacteria
Washington (UPI) Jul 31, 2017
World Bank tries to make Pacific solar power decisions easier
U.S. wind power momentum up 40 percent from last year
Washington (UPI) Jul 27, 2017
About half of the population in the state of Kansas could now be drawing energy from wind power as the U.S. sector gains momentum, an industry report showed. A quarterly report from the American Wind Energy Association found the sector is gaining traction. Compared with last year, there were 40 percent more wind energy projects under construction or advancing through the development sta ... more
Washington (UPI) Jul 27, 2017
Shale-rich Oklahoma to host mega-wind farm
Zurich, Switzerland (SPX) Jul 24, 2017
ABB wins $30 million order to support integration of offshore wind energy in the UK
Washington (UPI) Jul 21, 2017
GE's renewables not enough to boost overall revenue
Construction of two nuclear power plants in US halted
Washington (AFP) Aug 1, 2017
Construction work on two nuclear power plants in the United States has been halted because of cost overruns, the companies behind them said. Santee Cooper, one of those firms, said that because of construction delays the two planned reactors in South Carolina could not come on line before 2024, four years behind schedule. This means only two nuclear plants are now in construction in the ... more
Tokyo, Japan (SPX) Aug 02, 2017
Areva signs MOX fuel fabrication contract with Japan
Paris (AFP) July 28, 2017
Nuclear contaminates earnings of France's EDF
Tokyo (AFP) July 21, 2017
Underwater robot probes inside Fukushima reactor
US to join climate talks despite Paris accord exit
Washington (AFP) Aug 4, 2017
The United States announced Friday it would still take part in international climate change negotiations in order to protect its interests, despite its planned withdrawal from the Paris accord on global warming. Two months after President Donald Trump announced the United States would abandon the 2015 global pact, his administration confirmed it had informed the United Nations of its "intent ... more
Paris (AFP) July 31, 2017
Small odds of reaching 2 C climate goal: researchers
Seattle WA (SPX) Jul 26, 2017
Could spraying particles into marine clouds help cool the planet
Los Angeles (AFP) July 28, 2017
Al Gore: I've given up on climate 'catastrophe' Trump
Global momentum underway for electric vehicles
Washington (UPI) Aug 3, 2017
The drive toward electric vehicles gained international momentum with Germany and the United States making strides on the sea change in the automotive industry. Two million electric vehicles were on the road globally last year, though nearly all of those were in China, the European Union and the United States. A report from the International Energy Agency found that dense metropolitan a ... more
Berlin (AFP) Aug 2, 2017
Germany's car bosses bid to head off diesel ban with software patch
Washington (UPI) Aug 2, 2017
Beijing aims to expand electric bus fleet
Frankfurt Am Main (AFP) Aug 3, 2017
BMW sticks to cautious forecast as profits shift up
DSI 4th Space Resiliency Summit November 28-29, 2017 Alexandria, VA
Conviction, sentences upended in Blackwater case
Washington (AFP) Aug 4, 2017
A US federal appeals court on Friday tossed out the murder conviction of a Blackwater security guard who was serving a life sentence for a 2007 shooting in Baghdad that left 14 Iraqis dead. The court also ordered a resentencing for three other members of Blackwater who were involved in the killing of unarmed civilians, including women and children, in a Baghdad traffic circle. They had e ... more
Mosul, Iraq (AFP) Aug 3, 2017
Iraq faces vast challenges securing, rebuilding Mosul
Kabul (AFP) Aug 1, 2017
Two killed in IS-claimed attack on Iraq embassy in Kabul
Washington (UPI) Aug 2, 2017
FMS support deal in works for Iraqi vessels
Four dead, eight injured as soldier opens fire on Iran military base: army
Tehran (AFP) Aug 6, 2017
At least four soldiers were killed and eight injured when one of their colleagues opened fire on a military air base in southern Tehran on Sunday, the Iranian military said in a statement. The incident was "probably related to psychological problems of the soldier who suddenly started firing on his comrades," the statement said. It took place on a shooting range, and could also have bee ... more
Manila (AFP) Aug 7, 2017
Tillerson: World united to disarm North Korea
United Nations, United States (AFP) Aug 3, 2017
France wants UN to slap new sanctions on N. Korea in coming days
Seoul (AFP) Aug 7, 2017
NKorea dismisses South's talks offer: As Korean FMs meet
Chinese man pays $10,000 for whisky shot at Swiss bar
Geneva (AFP) Aug 2, 2017
Have you heard the one about the guy who walked into a bar and ordered a $10,000 shot of whisky? A young Chinese man paid 9,999 Swiss francs ($10,000, 8,733 euros) last week at a Swiss hotel for a glass of whisky made in 1878 by the revered Scotch maker Macallan, the 20Minuten website said. The report was confirmed by an employee of the luxury Waldhaus Hotel in St. Moritz, northeast Swit ... more
Beijing (AFP) Aug 3, 2017
China accused of 'enforced disappearance' of Liu Xiaobo's widow
Hong Kong (AFP) Aug 2, 2017
Hong Kong bishop says church could be 'bridge' with China
Shenyang, China (AFP) July 15, 2017
Chinese dissident Liu Xiaobo's ashes buried at sea
Zimbabwe confirms clash between soldiers and police
Harare (AFP) Aug 4, 2017
Zimbabwean security forces confirmed Friday that soldiers and police fought on the streets of Harare earlier this week, as nationwide tensions grow under 93-year-old President Robert Mugabe. Witnesses told local media about a hundred uniformed soldiers wielding batons and whips charged into a bus terminus on Tuesday night and beat up police officers, leaving many prostrate on the ground. ... more
Kigali (AFP) Aug 4, 2017
Rwanda's Kagame in landslide poll win with around 98% of votes
Bamako (AFP) Aug 2, 2017
European support for Sahel 'mutually reinforcing': Germany
Abidjan (AFP) July 31, 2017
China opens first chamber of commerce in I.Coast
International SMR and Advanced Reactor Summit 2018 - March 27-28 - Atlanta USA
VH-92A presidential helicopter test bed takes first flight
Washington (UPI) Aug 4, 2017
Lockheed Martin has announced the first flight of the VH-92A test bed for the Presidential Helicopter Replacement Program. The flight took place in Stratford, Conn. on July 28 and marked the start of 250 hours of flight time for the test program. The remainder of the test flights will take place in Oswego, N.Y. "With this successful first flight on the books, we look forward to c ... more
Washington (UPI) Jul 27, 2017
Marine Corps grounds KC-130T tanker fleet
Washington (UPI) Aug 4, 2017
Bell and Boeing receive $53.1 million contract for MV-22 Osprey modifcations
Washington (UPI) Aug 2, 2017
Lockheed awarded contract for German P-3C aircraft upgrades
China factory activity gathers steam in July: Caixin
Beijing (AFP) Aug 1, 2017
China's manufacturing activity increased last month as both production and new order rates grew rapidly, independent figures showed Tuesday, but analysts warned the economy still faces headwinds from policy tightening. The Caixin Purchasing Manager's Index - an indicator of conditions at small manufacturers - came in at 51.1 in the month, up from 50.4 in June as it marked a four-month high ... more
Panama City (AFP) Aug 2, 2017
'Clear' risk of trade war from protectionist policies: WTO chief
Beijing (AFP) July 31, 2017
China orders Anbang to sell Waldorf Astoria, other foreign assets: report
Washington (UPI) Aug 4, 2017
Canada to protect national interests during NAFTA talks
China scores diplomatic coup in sea row
Manila (AFP) Aug 6, 2017
China on Sunday scored a diplomatic coup in its campaign to weaken regional resistance against its sweeping claims to the South China Sea when Southeast Asian nations issued a diluted statement on the dispute and agreed to Beijing's terms on talks. After two days of tense meetings on the dispute in the Philippine capital, foreign ministers from the 10-member Association of Southeast Asian Na ... more
Washington (UPI) Aug 3, 2017
Wintershall warns U.S. against playing 'geopolitical football.'
Beijing (AFP) Aug 3, 2017
China unmoved as Trump rails over North Korea
Beijing (AFP) Aug 5, 2017
China ups ante in high-altitude standoff with India
Daily Newsletters - Space - Military - Environment - Energy
Russia's Lake Baikal 'extremely polluted', Putin warns
Moscow (AFP) Aug 4, 2017
Russia's Lake Baikal, the world's deepest freshwater lake, has extremely high pollution levels, President Vladimir Putin warned Friday while visiting the Siberian lake. Lake Baikal is a UNESCO World Heritage site, the world's deepest lake at 1,700 metres (5,580 feet) and also the oldest at 25 million years. Tourists flock there to enjoy the unique wildlife and clear waters. Putin, while ... more
Banjul, Gambia (AFP) Aug 1, 2017
Gambian environmentalists to sue 'polluting' Chinese firm
Phnom Penh (AFP) July 13, 2017
Cambodia bans overseas exports of coastal sand
Washington (UPI) Aug 2, 2017
New catalysts remove 99 percent of BPA from water
Brazil troops storm Rio slums to catch gang leaders
Rio De Janeiro (AFP) Aug 6, 2017
Thousands of Brazilian army troops raided Rio de Janeiro slums in a pre-dawn crackdown on crime gangs Saturday, leaving parts of the city looking like a war zone on the first anniversary of the opening of the Olympic Games. Five favelas were targeted by around 1,300 police and 3,600 troops in a sweep starting at 4 am (0700 GMT), the Rio state security service said in a statement. Their m ... more
Rome (AFP) Aug 2, 2017
Italy parliament approves Libya naval mission
Sydney (AFP) Aug 1, 2017
Tech advances will lead to MH370 discovery - Malaysia Airlines
New Delhi (AFP) Aug 1, 2017
Elephants, tigers kill one human a day in India


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