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Oil News and Gas News
August 25, 2017
Multimillion dollar drilling campaign envisioned for Guinea-Bissau

Washington (UPI) Aug 24, 2017
West Africa-focused energy company FAR Ltd. said it increased its leverage over a multi-million barrel prospect offshore Guinea-Bissau. The company, which has headquarters in Australia, said the government of Guinea-Bissau signed off on an April agreement with the country's national oil company, Petroguin, to improve its interest from 15 percent to 21.42 percent. In addition, FAR said it was awarded a reduction in royal payments owed to the government and a three-year extension of its licenses ... read more

OPEC backed into a corner, Texas economist says
Washington (UPI) Aug 24, 2017
With U.S. crude oil production on the rise, it's clear the production agreement from OPEC hasn't worked as intended, an economist in Texas said. ... more
Shareholders in the money as PetroChina first-half profit soars
Shanghai (AFP) Aug 25, 2017
China's biggest oil producer PetroChina said a pick-up in oil prices helped net profit skyrocket more than 2,000 percent in the first half, and that it was giving the entire windfall to shareholders via a cash dividend. ... more
OPEC's all-options strategy not enough to lift the price of oil
Washington (UPI) Aug 24, 2017
Oil prices fell flat early Thursday as questions about OPEC's efforts to balance the market overshadowed possible U.S. offshore production issues. ... more
Venezuela's Maduro calls for military loyalty after US threat
Caracas (AFP) Aug 25, 2017
Venezuelan President Nicolas Maduro on Thursday warned the armed forces in his crisis-hit country against "fissures" in their ranks, ahead of war games seen as a show of strength after US President Donald Trump's threat of military action. ... more
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Kurdish oil export payments boost DNO's performance
Washington (UPI) Aug 24, 2017
Revenues for the first half of the year were up more than 40 percent from last year in part because of export payments from the Kurdish north of Iraq, DNO said. ... more
Oil-rich Alberta shows early signs of economic recovery
Washington (UPI) Aug 24, 2017
The provincial economy in oil-rich Alberta is expected to grow faster than expected, though some metrics paint a mixed picture of the recovery, data show. ... more
Iran secures 8-bln euro loan from Korea Eximbank
Tehran (AFP) Aug 24, 2017
Iran has secured an eight-billion euro credit line from South Korea's Eximbank, the Islamic republic's biggest loan deal since its 2015 nuclear accord, the Iranian central bank announced Thursday. ... more
Gulf platforms shut in, cleared ahead of Harvey
Washington (UPI) Aug 24, 2017
After clearing staff from four Gulf of Mexico installations, Anadarko Petroleum said it shut down operations until threats from Tropical Storm Harvey clear. ... more
Shell starts new work in Nigeria's Niger Delta
Washington (UPI) Aug 23, 2017
The Nigerian subsidiary of Royal Dutch Shell said Wednesday that hundreds of thousands of new barrels of product are expected from a project in the Niger Delta. ... more
Staff pulled from Gulf of Mexico platforms ahead of Harvey
Washington (UPI) Aug 23, 2017
With inclement weather brewing in the Gulf of Mexico, Anadarko Petroleum said it pulled non-essential staff from its offshore facilities. ... more

ExxonMobil misled public on climate for decades: study

Cambodia starts uncertain path toward oil production
Washington (UPI) Aug 23, 2017
Cambodia's government signed off on the preliminary agreements necessary to implement its first offshore oil development ever, a Singapore-listed company said. ... more
Oil prices inch lower on demand pressures
Washington (UPI) Aug 23, 2017
Indications of waning U.S. consumer demand overshadowed concerns about a storm in the Gulf of Mexico to help drag oil prices lower Wednesday morning. ... more
Kuwait's economy bruised, but resilient, World Bank says
Washington (UPI) Aug 23, 2017
The OPEC-led effort to ease the global surplus of crude oil with production declines hurt Kuwait, but its economy is growing, a World Bank official said. ... more
Some capital moves to fund early Cuban oil work
Washington (UPI) Aug 23, 2017
One of the only foreign energy companies there said the placement of shares raised more than $1.5 million that will help finance preliminary oil work in Cuba. ... more

Cyborg bacteria outperform plants when turning sunlight into useful compounds
New York NY (SPX) Aug 23, 2017
Photosynthesis provides energy for the vast majority of life on Earth. But chlorophyll, the green pigment that plants use to harvest sunlight, is relatively inefficient. To enable humans to capture more of the sun's energy than natural photosynthesis can, scientists have taught bacteria to cover themselves in tiny, highly efficient solar panels to produce useful compounds. The researchers ... more
San Diego CA (SPX) Aug 23, 2017
Stretchable biofuel cells extract energy from sweat to power wearable devices
Zurich, Switzerland (SPX) Aug 23, 2017
How a bacterium can live on methanol
University Park PA (SPX) Aug 21, 2017
Potato waste processing may be the road to enhanced food waste conversion
By 2050, 139 countries could be powered by wind, solar, water
Washington (UPI) Aug 23, 2017
Stanford scientists outline the infrastructure changes needed to make 139 countries powered 100 percent by wind, water and solar energy by 2050. A transition of this kind could mean less worldwide energy consumption due to the efficiency of clean, renewable electricity - leading to a net increase of more than 24 million long-term jobs, an annual decrease in 4 to 7 million deaths relate ... more
Lausanne, Switzerland (SPX) Aug 21, 2017
Deep-UV probing method detects electron transfer in photovoltaic devices
Sunnyvale CA (SPX) Aug 24, 2017
Audi Cooperates with Alta Devices on Automobiles with Solar Roofs
Washington (UPI) Aug 22, 2017
Renewables could bring balance to India's economic growthw.
First foundations set for Baltic Sea wind farm
Washington (UPI) Aug 24, 2017
German energy company E.ON said Thursday it laid the first of the 60 foundations for a wind farm development in national waters of the Baltic Sea. The German company said it's deploying the 60 so-called monopiles about 25 miles offshore. Foundations for a common substation were installed last month and the entire project could start generating energy for German consumers by 2019. ... more
La Ventosa, Mexico (AFP) Aug 19, 2017
Wind energy blows up storm of controversy in Mexico
Washington (UPI) Aug 21, 2017
U.S. extends wind energy taproots into Zambia
Richland WA (SPX) Aug 16, 2017
Night vision for bird- and bat-friendly offshore wind power
Fukushima operator faces $5 bn US suit over 2011 disaster
Tokyo (AFP) Aug 24, 2017
Tokyo Electric Power Co Holdings said Thursday it faces another US lawsuit over the 2011 Fukushima nuclear disaster, with the latest one demanding at least $5 billion in compensation. A total of 157 US residents who were supporting Fukushima victims at the time filed the class action suit in a California district court earlier this month against the utility known as Tepco and a US company. ... more
Abu Dhabi (AFP) Aug 21, 2017
UAE nuclear programme edges toward 2018 launch
Paris, France (SPX) Aug 21, 2017
129I waste used to track ocean currents for 15,000 km after discharge from nuclear plants
Washington DC (SPX) Aug 16, 2017
Analysis highlights failings in US's advanced nuclear program
Study gives first proof that the Earth has a natural thermostat
Paris (SPX) Aug 21, 2017
New data provides the first proof that the Earth has a natural thermostat which enables the planet to recover from extremes of climate change - but the recovery timescales are significant. This work was presented at the Goldschmidt conference in Paris, and has just been published in the peer-reviewed journal Geochemical Perspectives Letters*. The idea of a natural temperature thermostat wa ... more
Washington DC (SPX) Aug 17, 2017
Incomplete drought recovery may be the new normal
Washington (UPI) Aug 17, 2017
Asian Development Bank finds new climate finance stream
Washington (UPI) Aug 14, 2017
Heat map showcases extreme temperatures in Southern Europe
Merkel wants to 'restore trust' in diesel after scandal
Berlin (AFP) Aug 21, 2017
German Chancellor Angela Merkel said Monday that trust must be restored in diesel cars after the emissions cheating scandal and spoke out against plans to ban them from some inner cities. She said she was "angered" by German auto giants who in the "dieselgate" scandal either broke the law or used legal loopholes, but also pointed to the at least 800,000 jobs in the crucial industrial sector. ... more
Beijing (AFP) Aug 23, 2017
Great Wall shares slide as Fiat Chrysler hopes dampened
Washington (AFP) Aug 18, 2017
Uber's ousted CEO calls investor lawsuit unfounded
Beijing (AFP) Aug 21, 2017
China's Great Wall Motor plans Fiat Chrysler purchase
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Iraqi forces advance towards heart of IS-held bastion
Tal Afar, Iraq (AFP) Aug 23, 2017
Iraqi forces Wednesday recaptured several districts and advanced towards the centre of Tal Afar, one of the Islamic State group's last strongholds in the country, as aid workers braced for an exodus of civilians fleeing the fighting. Armoured personnel carriers full of soldiers and fighters of the Hashed al-Shaabi paramilitary coalition moved into Al-Nur district of southeast Tal Afar early ... more
Tal Afar, Iraq (AFP) Aug 24, 2017
Iraqi forces hope for quick victory over IS in Tal Afar
Baghdad (AFP) Aug 22, 2017
Mattis in Baghdad as Iraq presses assault on IS bastion
Tal Abta, Iraq (AFP) Aug 22, 2017
Iraqi forces retake two districts of IS bastion
Boeing, Northrop Grumman receive development contracts for new ICBM
Washington (UPI) Aug 22, 2017
Boeing and Northrop Grumman have received $349.2 million and $328.6 million contracts respectively for the development of the Ground Based Strategic Deterrent replacement for the LGM-30G Minuteman III ballistic missile. The contracts are to run until Aug. 20, 2020, when one of the two companies will be selected to finish the program. Boeing, Northrop Grumman and Lockheed Martin have all ... more
Seoul (AFP) Aug 23, 2017
N.Korea's Kim 'starting to respect US': Trump
Seoul (AFP) Aug 21, 2017
US-South joint drills begin amid North Korea tensions
Washington (UPI) Aug 24, 2017
Lockheed, Raytheon receive contracts for nuclear cruise missile
Jailed Hong Kong activist Wong back in court
Hong Kong (AFP) Aug 22, 2017
With hair newly shaven in accordance with Hong Kong prison rules, jailed pro-democracy activist Joshua Wong was in court again Tuesday on more protest-related charges. Wong, Nathan Law and Alex Chow were sent to prison last Thursday for their leading role in the initial protest that sparked the months-long Umbrella Movement of 2014 - demonstrations and street blockades calling for democrati ... more
Hong Kong (AFP) Aug 25, 2017
Hong Kong independence duo fail to regain parliament seats
Beijing (AFP) Aug 25, 2017
Beijing bricks up shops: Beauty or 'hideous'
Beijing (AFP) Aug 24, 2017
At Beijing book fair, publishers admit self-censorship
Angolans vote as Dos Santos ends 38-year rule
Luanda (AFP) Aug 23, 2017
Angolans voted on Wednesday in an election marking the end of President Jose Eduardo dos Santos's 38-year reign, with his MPLA party set to retain power despite an economic crisis. The MPLA, which has ruled since Angola's independence from Portugal in 1975, is expected to defeat opposition parties stifled by Dos Santos's authoritarian regime. Dos Santos's unexpected retirement - reporte ... more
Freetown (AFP) Aug 19, 2017
Death toll in SLeone flood disaster reaches 441
Washington (UPI) Aug 21, 2017
Africa Endeavor 2017 communications conference starts in Malawi
New Delhi (AFP) Aug 12, 2017
Dalai Lama cancels Botswana trip with 'exhaustion'
International SMR and Advanced Reactor Summit 2018 - March 27-28 - Atlanta USA
Boeing receives $222.5M contract for Chinook helicopters for Saudi Arabia
Washington (UPI) Aug 24, 2017
The Boeing Co.-Philadelphia has received a $222.5 million modification to an existing contract for the delivery of eight CH-47F Chinook heavy-lift helicopters to the Royal Saudi Land Forces. The Department of Defense announced Wednesday that the CH-47Fs to be delivered are new builds, as opposed to refurbished ones, with production taking place in Ridley Township, Penn. Production is ex ... more
Washington (UPI) Aug 24, 2017
L-3 receives $173M contract for T-45 trainer testing
Washington (UPI) Aug 23, 2017
Military contractor rescued after ejecting during a Navy training exercise
Washington (UPI) Aug 23, 2017
BAE taps Harris Corporation for antennas on U.S. Air Force aircraft
Archaeologists discover ancient trade routes in Vietnam
Washington (UPI) Aug 18, 2017
Archaeologists have discovered an ancient trade network crisscrossing Vietnam's Mekong Delta region. As revealed by several excavations, a vast network of manufacturing hubs and trade routes moved large amounts of goods from settlement to settlement between 4,500 and 3,000 years ago. "We knew some artefacts were being moved around but this shows evidence for a major trade network ... more
Washington (AFP) Aug 18, 2017
US launches formal trade investigation into China
London (AFP) Aug 24, 2017
Britain's poetic shipping forecast turns 150
Washington (AFP) Aug 17, 2017
US in 'economic war' with China, says Trump strategist Bannon
Sri Lanka's president sacks outspoken justice minister
Colombo (AFP) Aug 23, 2017
Sri Lankan President Maithripala Sirisena sacked his controversial justice minister Wednesday for speaking out against a billion-dollar deal to sell a stake in a loss-making deep sea port to China. Wijeyadasa Rajapakshe had publicly denounced the government's $1.1 billion sale last month of a 70 percent stake in Hambantota port to state-owned China Merchants Port Holdings. "He (Rajapaksh ... more
Beijing (AFP) Aug 24, 2017
China slams reported Indian road project on border
Warsaw (AFP) Aug 25, 2017
NATO chief demands Russian 'transparency' on war games
Beijing (AFP) Aug 25, 2017
US Navy collisions a propaganda windfall for China
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Indian factory shut for dumping dye after dogs turn blue
Mumbai (AFP) Aug 22, 2017
A factory accused of dumping dye into an Indian river where several dogs turned blue has been shut down, an official said Tuesday, after alarming pictures emerged of the brightly-coloured canines. An animal activist spotted the blue dogs wandering the streets of Mumbai near an industrial zone where factories had been accused of pouring untreated chemicals directly into the Kasadi river. ... more
Miami (AFP) Aug 23, 2017
Arsenic in Pakistan groundwater 'alarmingly high': study
Phnom Penh (AFP) July 13, 2017
Cambodia bans overseas exports of coastal sand
Paris (AFP) Aug 16, 2017
Treaty to curb mercury exposure takes effect
Italy's deadly flirtation with illegal building
Rome (AFP) Aug 23, 2017
As Italy reels from another earthquake, experts warned Wednesday that widespread illegal construction is putting millions across the country at risk of being killed. The tremor that shook the island of Ischia on Monday, toppling houses and killing two women, has sparked much soul-searching in a country with a weakness for rule-breaking - particularly when it comes to building or renovating ... more
Bunia, Dr Congo (AFP) Aug 21, 2017
Death toll in DR Congo landslide climbs to 140
Bondo, Switzerland (AFP) Aug 25, 2017
Searches resume for 8 missing in Swiss Alps landslide
New Delhi (AFP) Aug 24, 2017
Death toll from South Asia flooding tops 1,000

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