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Oil News and Gas News
October 16, 2017
OIL AND GAS
OPEC's oil price forecast near a make-or-break point for U.S. shale



Washington (UPI) Oct 11, 2017
The price for crude oil next year should be around the so-called Goldilocks number for shale oil drillers in the United States, OPEC economists said. The Goldilocks scenario refers to a price point that's not so high that it encourages a strong drive in crude oil exploration and production, but not low enough to curtail capital spending and operations. Economists with the Organization of Petroleum Exporting Countries said in their monthly market report for October that the price for West ... read more

OIL AND GAS
Tullow sees quick path to production in Ivory Coast
Washington (UPI) Oct 11, 2017
If the commercial potential exists in oil basins inland in Ivory Coast, it won't take long to put them into production, British energy company Tullow Oil said. ... more
OIL AND GAS
Oil prices give tepid response to signs from OPEC on balance
Washington (UPI) Oct 11, 2017
Crude oil prices were slow out of the gate Wednesday, posting only minor gains after OPEC economists pointed to tighter market conditions ahead. ... more
OIL AND GAS
House leadership supports U.S. offshore overhaul
Washington (UPI) Oct 11, 2017
An offshore drilling act critics said was "wish list" legislation for the oil and gas industry was hailed as a strategic win by House Republican leadership. ... more
OIL AND GAS
Oil prices move lower on ceiling warning from IEA
Washington (UPI) Oct 11, 2017
Indications from the International Energy Agency that the oil market is brushing up against a ceiling sent crude oil prices sharply lower early Thursday. ... more
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OIL AND GAS
Production lower for one Norwegian energy company
Washington (UPI) Oct 11, 2017
Even though some of its assets posted new production, AkerBP said Thursday its third quarter production was lower than last year by 7.5 percent. ... more
OIL AND GAS
Iranian energy companies lay out investment options in Amsterdam
Washington (UPI) Oct 11, 2017
Iranian oil and natural gas companies said Wednesday they were among the hundreds on hand in the Netherlands to introduce investment opportunities to the world. ... more
OIL AND GAS
Kurdish oil export payments continue after referendum
Washington (UPI) Oct 11, 2017
Gulf Keystone became the second company in as many days to announce payments for oil exported from the Kurdish north of Iraq after its referendum. ... more
OIL AND GAS
BNP Paribas says it will no longer back oil
Washington (UPI) Oct 11, 2017
Paris-based global banker BNP Paribas said Wednesday it would no longer do business with companies tied to oil sands, shale development or Arctic campaigns. ... more
OIL AND GAS
Cuban oil work moves toward exploration phasew/
Washington (UPI) Oct 11, 2017
Geological surveys of an inland oil basin in Cuba are completed and work will now continue toward exploration drilling, an Australian energy company said. ... more
OIL AND GAS
Chevron abandons Great Australian Bight drill plans
Sydney (AFP) Oct 13, 2017
Energy giant Chevron Friday joined BP in ditching plans to drill in the Great Australian Bight citing weak oil prices, with environmentalists urging other major players to follow suit. ... more


Canadian trade group makes pitch for global edge

OIL AND GAS
Shell focusing elsewhere in Brazil after leaving gas distribution partnership
Washington (UPI) Oct 11, 2017
Royal Dutch Shell said it was selling its stake in a Brazilian gas distribution company so it could better focus on other parts of the country's energy sector. ... more
OIL AND GAS
Expect more U.S. oil on the global market
Washington (UPI) Oct 10, 2017
U.S. crude oil exports will likely increase in part because of the discount for the U.S. benchmark price for oil against other grades, an industry report found. ... more
OIL AND GAS
Gas prices inching lower after hurricanes
Washington (UPI) Oct 10, 2017
Even though 90 percent of the oil production in the Gulf of Mexico was idled by Hurricane Nate, U.S. motorists will hardly notice, motor club AAA said. ... more
OIL AND GAS
Oil market balance, IMF forecast drive crude oil prices higher
Washington (UPI) Oct 10, 2017
Crude oil prices recovered from their October slump to jump higher in early Tuesday trading after OPEC's secretary general said markets were balancing. ... more



NGOs slam UN aviation agency plan for biofuels
Berlin (AFP) Oct 9, 2017
Nearly 100 environmental and poverty fighting groups jointly released a letter Tuesday slamming a UN proposal that backs large-scale use of biofuels in commercial planes. Extensive burning of biofuels would vastly expand the production of palm oil, which critics say drives deforestation, higher CO2 emissions and conflicts with indigenous peoples displaced from their land. The UN's Intern ... more
Liverpool UK (SPX) Oct 09, 2017
Breakthrough in direct activation of CO2 and CH4 into liquid fuels and chemicals
Ames IA (SPX) Oct 06, 2017
Surrounded by potential: New science in converting biomass
Washington DC (SPX) Oct 09, 2017
A key step in synthetic fuel production from seawater patented by NRL
Solar panels shine in darkest Amazon, the 'last frontier'
Ituxi Extractive Reserve, Brazil (AFP) Oct 11, 2017
In the darkest reaches of Brazil's Amazon, solar panels are bringing light - and could help save the rainforest. Aurelio Souza is working to install solar panels in villages along the remote Purus and Ituxi rivers in the western Amazonas state. "The Amazon is the last big frontier for electricity in the country," says the consultant for a joint program of the World Wildlife Fund (WWF) a ... more
Washington (UPI) Oct 11, 2017
Total moves deeper into solar energy market
Adelaide, Australia (AFP) Oct 12, 2017
Flying Dutch win world solar car race in Australia
Washington (UPI) Oct 5, 2017
Statoil taps solar market in Brazil
OX2 hands over Ajos wind farm to IKEA Finland
Stockholm, Sweden (SPX) Oct 10, 2017
In December 2015, IKEA Finland signed a purchase agreement with OX2 for 13 wind turbines in Kemi, northern Finland. All the terms of the agreement have now been met and IKEA Finland has taken ownership. "The renewal of the Kemi Ajos wind farm has been an important project for us on our path to gain energy independence. The IKEA vision is to create a better everyday life for the many people ... more
Washington DC (SPX) Oct 10, 2017
Huge energy potential in open ocean wind farms in the North Atlantic
Miami (AFP) Oct 9, 2017
Wind farms in Atlantic could power the world: study
Washington (UPI) Sep 22, 2017
Germany gets economic lift with wind energy
Greenpeace fireworks shine light on French nuclear safety concerns
Metz, France (AFP) Oct 12, 2017
Greenpeace activists set off fireworks inside a nuclear plant in eastern France early Thursday after breaking into the facility to underline its vulnerability to attack. The anti-nuclear group, known for its daring and often spectacular publicity stunts, said the fireworks were set off at the foot of a spent fuel pool - where nuclear plants store highly radioactive fuel rods that are remove ... more
Tokyo (AFP) Oct 10, 2017
Japan government, TEPCO liable for Fukushima crisis: court
Winston Salem NC (SPX) Oct 09, 2017
New 'molecular trap' cleans more radioactive waste from nuclear fuel rods
Paris (AFP) Oct 10, 2017
French, Belgian nuke plants vulnerable to attack: Greenpeace
As Paris climate goals recede, geoengineering looms larger
Berlin (AFP) Oct 11, 2017
Even if you are terrified of heights, jumping out of a plane with a makeshift parachute may begin to look like a good idea once you know the aircraft is running out of fuel. That, arguably, is akin to the mindset of climate scientists and policymakers brainstorming in Berlin this week on how to compensate for humanity's collective failure to curb the greenhouse gases - caused mainly by burn ... more
Berlin (AFP) Oct 11, 2017
'Plan B': Seven ways to engineer the climate
Washington (UPI) Oct 11, 2017
British government unveils green spending plans
Washington (UPI) Oct 10, 2017
Cheaper to invest in climate change fight than to rebuild; EPA chief rolls back US plans
Tesla recalls Model X vehicles for seat fix
San Francisco (AFP) Oct 12, 2017
Tesla on Thursday said that it is recalling Model X sport utility vehicles to fix second-row seat-backs which might shift forward during crashes. Internal testing revealed that cables in second-row fold-flat seats in 2016 and 2017 model year vehicles might need to be adjusted to "ensure the safety" of those riding inside, a Tesla spokesperson said in an email response to an AFP inquiry. ... more
San Francisco (AFP) Oct 11, 2017
California to allow autonomous cars without driver
Ljubljana (AFP) Oct 12, 2017
Slovenia sets tough emissions limits for cars
Washington (UPI) Oct 5, 2017
The U.S. needs at least twice as many charging points for EV
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Nearly 700,000 Iraqis from war-torn Mosul still displaced: NGO
Baghdad (AFP) Oct 15, 2017
Nearly 700,000 Iraqis from the former jihadist stronghold of Mosul and nearby areas are still displaced despite the city's recapture in July, the Norwegian Refugee Council said Sunday. "One year since the start of the battle to retake Mosul from the Islamic State group (IS), some 673,000 Iraqis from the city and its surroundings remain displaced and unable to go back to their destroyed neigh ... more
Mosul, Iraq (AFP) Oct 8, 2017
Long-term truants make nervy school return in Iraq's Mosul
Hawija, Iraq (AFP) Oct 7, 2017
Cinders and desolation in Iraq's Hawija after IS
Moscow (AFP) Oct 10, 2017
Moscow says US 'pretending' to fight IS in Iraq
Iranians mock 'ridiculous' Trump speech
Tehran (AFP) Oct 14, 2017
Iranians responded with anger and mockery on Saturday to the bellicose speech against their country by US President Donald Trump and his threats to tear up the landmark nuclear deal. "I was so angry last night," said Layla, 42, who runs an artisan shop in Tehran. "This person hates Iran so much that even if we don't support the ideas of the regime, we find ourselves supporting them and t ... more
Washington (AFP) Oct 15, 2017
Iran move won't weaken US hand with N.Korea: Tillerson
Geneva (AFP) Oct 13, 2017
Nobel peace laureates denounce Trump's Iran move
Washington (AFP) Oct 16, 2017
Gulf widens between Washington and UN partners
Mao or never: In Xi's China, a village clings to past
Nanjie , China (AFP) Oct 13, 2017
Disneyland has "Main Street, USA", a monorail and Mickey Mouse. China's Nanjie village has "East is Red Square", red trams and Mao Zedong. Every year, hundreds of thousands of visitors flock to the hamlet in central Henan province which has become an attraction with its idealised vision of village life right out of the Communist past. While the Communist Party prepares to give a second t ... more
Beijing (AFP) Oct 15, 2017
China's People's Daily launches English app in soft power push
Beijing (AFP) Oct 15, 2017
Xi to tighten clutch on power at Communist conclave
Beijing (AFP) Oct 15, 2017
Five things to know about China's Communist congress
Chad extends key conservation area in national park
N'Djamena (AFP) Oct 11, 2017
Chad is to boost protection for a key haven for endangered wildlife in the south of the country under an agreement with a conservation group. African Parks is to take over management and protection of a territory of high ecological value that lies around the vast Zakouma National Park in southern Chad. The programme will help beef up security at the Siniaka Minia and Bahr-Salamat reserv ... more
Kigali (AFP) Oct 10, 2017
Rwanda military uses torture to force confessions: HRW
Paris (AFP) Oct 9, 2017
New witness emerges over Rwandan genocide: French legal source
Maiduguri, Nigeria (AFP) Oct 6, 2017
Nigeria: Cooperation 'key' to defeating jihadists
International SMR and Advanced Reactor Summit 2018 - March 27-28 - Atlanta USA
Trudeau warns Trump in Bombardier, Boeing row
Washington (AFP) Oct 11, 2017
Canadian Prime Minister Justin Trudeau on Wednesday warned US President Donald Trump that Canada would not make military buys from Boeing while the United States was targeting Canada's Bombardier with heavy import duties. The US aerospace firm, claiming its competitor received unfair state subsidies, successfully petitioned the Trump administration to impose financial penalties on Bombardier ... more
Sydney (AFP) Oct 12, 2017
F-35 stealth fighter data stolen in Australia defence hack
Washington (UPI) Oct 11, 2017
Boeing KC-46A tankers exchange fuel mid-flight for first time
New Delhi (AFP) Oct 6, 2017
Five killed as India military chopper crashes
Russia marks win in bitcoin suspect tussle with US
Thessaloniki, Greece (AFP) Oct 11, 2017
A tug-of-war between the US and Russia over the extradition of a Russian national suspected of bitcoin-related fraud went into a new round on Wednesday when a Greek court backed Russia's claim. Alexander Vinnik, who headed BTC-e, an exchange he operated for the cyber currency, was indicted by a US court in July on 21 charges ranging from identity theft and facilitating drug trafficking to mo ... more
Shanghai (AFP) Oct 12, 2017
Evergrande boss is wealthiest as China's rich get richer
Washington (AFP) Oct 11, 2017
US, Turkish military relations good amid diplo spat: Mattis
New York (AFP) Oct 11, 2017
With a gilded cage visible from Trump Tower, Ai Weiwei honors pro-migrant New York
Lithuania hikes defence budget to meet NATO target
Vilnius (AFP) Oct 11, 2017
Lithuania said Wednesday it would raise its defence spending to 2 percent of gross domestic product (GDP) next year to meet a NATO target amid security concerns over neighbouring Russia. The government of the Baltic state formally endorsed a rise from the current 1.8 percent of GDP to 2.006 percent for 2018. "In the light of the current global security situation, it is important that eac ... more
Moscow (AFP) Oct 12, 2017
Moscow accuses US of 'quietly' adding troops in Eastern Europe
Brussels (AFP) Oct 11, 2017
Ex-NATO chief urges allies to boost help for Ukraine
Washington (AFP) Oct 15, 2017
Trump puts America first, but more and more alone
Daily Newsletters - Space - Military - Environment - Energy
Air pollution kills over 500,000 Europeans a year: report
Copenhagen (AFP) Oct 11, 2017
Air pollution causes more than 500,000 premature deaths across Europe each year despite "slowly" improving air quality on the continent, the EU's environment authority said Wednesday. Although data from the Copenhagen-based European Environment Agency (EEA) reveals some encouraging signs, in large part the result of new technologies, air pollution remains the leading environmental cause of ... more
Washington (UPI) Oct 11, 2017
Scientists trace path of inland plastic pollution from rivers to oceanw/ll
Tipitapa, Nicaragua (AFP) Oct 5, 2017
Polluted lake is poor Nicaraguans' lifeline
Tokyo (AFP) Oct 4, 2017
Olympics: Tokyo 2020 water venue polluted
Trump warns federal help for Puerto Rico not open-ended
Washington (AFP) Oct 12, 2017
Donald Trump warned Thursday that his willingness to help hurricane-battered Puerto Rico was not unlimited, prompting a furious backlash, with the mayor of San Juan branding the president a "Hater in Chief." Puerto Rico is struggling to recover after Hurricane Maria ripped through the island, leaving 44 people dead and cutting power and running water to much of its population, and its gover ... more
Washington (AFP) Oct 13, 2017
Branson calls for sustainable rebuilding of storm-battered Caribbean
New Delhi (AFP) Oct 9, 2017
India's top court bans firecracker sales before Diwali
Rio De Janeiro (AFP) Oct 10, 2017
New military op in gang-plagued Rio favela


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