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Oil News and Gas News
August 28, 2017
Norway's Statoil takes first steps into Argentina's lauded shale

Washington (UPI) Aug 25, 2017
Norwegian energy company Statoil said Friday it signed an agreement with Argentine company YPF to explore parts of the "world-class" Vaca Muerta shale basin. Statoil under the terms of the agreement took a 50 percent stake in the Bajo del Toro exploration permit in the Neuquén Basin alongside YPF. The Norwegian company said it would fund all of the costs associated with activities in the region. This is the first formal step for Statoil into one of the largest unconventional oil and nat ... read more

Harvey pushing market prices for oil higher
Washington (UPI) Aug 25, 2017
Crude oil prices moved higher Friday as Hurricane Harvey moved closer to the southern Texas coast and threatened production and refinery operations. ... more
Norway wants tech-savvy companies offshore
Washington (UPI) Aug 25, 2017
An energy regulator in Norway, one of the world's top producers, said it was keen on utilizing new knowledge to tap into the million of barrels left offshore. ... more
Venezuelans learn to shoot, fight at war drills to defy Trump
Caracas (AFP) Aug 26, 2017
Venezuelan troops taught civilians how to shoot rifles, fire missiles and engage in hand-to-hand combat during drills held Saturday in defiance of US sanctions and President Donald Trump's threat of military action. ... more
British foreign minister visits oil-rich Libya
Washington (UPI) Aug 25, 2017
A NATO member with a legacy of energy-related interests, the British government said it was working to ensure Libya evolves as a safe and stable partner. ... more
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Harvey forces ExxonMobil to close Baytown refining complex
Washington (AFP) Aug 27, 2017
US petroleum giant ExxonMobil said Sunday it was temporarily closing its enormous refinery in Baytown, Texas, after flooding caused by monster storm Harvey had led to "operational issues." ... more
Kuwait says oil shipments to China stable
Washington (UPI) Aug 25, 2017
Though overall Chinese imports of crude oil jumped more than 10 percent, OPEC-member Kuwait said its exports to the second-largest economy remained stable ... more
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. ... 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

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
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
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

How a bacterium can live on methanol
Zurich, Switzerland (SPX) Aug 23, 2017
Many chemists are currently researching how small carbon molecules, such as methane and methanol, can be used to generate larger molecules. The earth is naturally rich in methane, and artificial processes like the fermentation of biomass in biogas plants also produce it in abundance. Methanol can be generated from methane. Both are simple molecules containing only a single carbon atom. How ... more
New York NY (SPX) Aug 23, 2017
Cyborg bacteria outperform plants when turning sunlight into useful compounds
San Diego CA (SPX) Aug 23, 2017
Stretchable biofuel cells extract energy from sweat to power wearable devices
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
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.
Washington DC (SPX) Aug 28, 2017
More solar power thanks to titanium
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
Uber to resume Philippine service 'soon' after fine
Manila (AFP) Aug 26, 2017
Uber said Saturday it expects to resume operations in the Philippines "soon" after regulators agreed to lift a ban slapped against the American ride-sharing giant in exchange for a fine. The government meted Uber a one-month suspension on August 14 following a tussle over driver permits, sparking public outrage as some 66,000 vehicles were forced off the streets. Hundreds of thousands o ... more
Detroit (AFP) Aug 25, 2017
Former VW engineer gets 40 months in 'dieselgate' scandal
New York (AFP) Aug 25, 2017
addressing battery glitch in small number of Chevy Bolts
Beijing (AFP) Aug 23, 2017
Great Wall shares slide as Fiat Chrysler hopes dampened
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Iraqi forces poised for victory over IS in Tal Afar
Tal Afar, Iraq (AFP) Aug 27, 2017
Iraqi forces backed by local militia and a US-led coalition were poised Sunday to drive the Islamic State group from the city of Tal Afar, dealing another blow to the jihadists. Just a week after authorities announced an offensive to push the jihadists from one of their last major urban strongholds in Iraq, the Joint Operations Command said Iraqi forces held all 29 districts of the city and ... more
Tal Afar, Iraq (AFP) Aug 24, 2017
Iraqi forces hope for quick victory over IS in Tal Afar
Tal Afar, Iraq (AFP) Aug 23, 2017
Iraqi forces advance towards heart of IS-held bastion
Tal Al-Hessan, Iraq (AFP) Aug 21, 2017
Iraqi forces close in on IS-held Tal Afar
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
Washington (UPI) Aug 24, 2017
Lockheed, Raytheon receive contracts for nuclear cruise missile
Sacramento CA (SPX) Aug 24, 2017
Aerojet Rocketdyne providing propulsion support for Ground Based Strategic Deterrent
Hong Kong independence duo fail to regain parliament seats
Hong Kong (AFP) Aug 25, 2017
Two Hong Kong independence activists saw their final bid to appeal the decision that ousted them from parliament thrown out by the city's top court on Friday. Yau Wai-ching and Baggio Leung had won seats in citywide polls last September, but were ousted from Hong Kong's legislative council for taking improper oaths. They belong to a new movement calling for a complete split from China f ... more
Beijing (AFP) Aug 25, 2017
Beijing bricks up shops: Beauty or 'hideous'
Beijing (AFP) Aug 27, 2017
On Chinese Valentine's Day, businesses woo 'single dogs'
Shenyang, China (AFP) July 15, 2017
Chinese dissident Liu Xiaobo's ashes buried at sea
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'
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Israel finalises deal for 17 more F-35 stealth fighters
Jerusalem (AFP) Aug 27, 2017
Israel has finalised a deal to purchase 17 more F-35 stealth fighters in addition to 33 of the ultra-high-tech jets already ordered, the defence ministry said Sunday. Israel has already taken delivery of five of the jets, made by US-based Lockheed Martin and the most expensive in history, beginning in December. The aim of the purchase is to allow Israel to maintain its military superiori ... more
Washington (UPI) Aug 24, 2017
Boeing receives $222.5M contract for Chinook helicopters for Saudi Arabia
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
Israelis log out of high-tech jobs for a life offline
Jerusalem (AFP) Aug 27, 2017
Former technology executive Dotan Goshen carefully arranges some melons at the bottom of a crate, followed by courgettes, tomatoes and lettuce. With a smile of satisfaction, he contemplates his "organic basket" ready to be delivered to a customer. Goshen, a graduate of Israel's prestigious Technion technological institute, made a dramatic change of course after his boss called him at hom ... more
Washington (UPI) Aug 18, 2017
Archaeologists discover ancient trade routes in Vietnam
London (AFP) Aug 24, 2017
Britain's poetic shipping forecast turns 150
Beijing (AFP) July 18, 2017
China's Xi calls for more imports and more 'open economy'
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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Gaza boy swimmer death puts spotlight on pollution crisis
Gaza City, Palestinian Territories (AFP) Aug 26, 2017
The death of a little boy after swimming in polluted seawater has put the spotlight on Gaza's pollution crisis and the human impact of desperate electricity shortages in the Palestinian enclave. Mohammed al-Sayis, five, died late last month a few days after swimming in the sewage-polluted waters, with his brothers also hospitalised, his family and health ministry said. Dozens of others h ... 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
Mumbai (AFP) Aug 22, 2017
Indian factory shut for dumping dye after dogs turn blue
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
Ouagadougou (AFP) Aug 27, 2017
Eight killed in landslide at Burkina gold mine
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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