Oil News and Gas News
July 06, 2018
OIL AND GAS
UBS: Oil market at risk from supply shocks



Washington (UPI) Jul 5, 2018
Even with Saudi Arabia offering market assurances, concerns about dwindling spare capacity could push oil prices above $80 per barrel, Swiss bank UBS said. Members of the Organization of Petroleum Exporting Countries in June agreed to relax compliance with a multilateral production deal to address supply concerns from member states Iran, Libya and Venezuela. Security issues in Libya and chronic woes in Venezuela pushed compliance beyond 100 percent. The U.S. government, meanwhile, is pre ... read more

OIL AND GAS
Taiwan businessman indicted over North Korea oil sales
Taipei (AFP) July 5, 2018
A Taiwanese businessman has been indicted over illegal oil sales to North Korea, prosecutors said Thursday, flouting UN sanctions against the nuclear-armed regime. ... more
OIL AND GAS
Oil prices face inventory, spare capacity test
Washington (UPI) Jul 5, 2018
Crude oil prices were relatively flat before the opening bell in New York, though concerns about the lack of buffers could push indices higher Thursday. ... more
OIL AND GAS
New oil found in wildcat well in Norwegian waters
Washington (UPI) Jul 5, 2018
As much as 8 million barrels of oil have been discovered in parts of the North Sea not previously known to contain petroleum, the Norwegian government said. ... more
OIL AND GAS
Debate stirs over authority over British shale
Washington (UPI) Jul 5, 2018
Diminishing the national significance of British shale natural gas work creates unnecessary delays for developing the fledgling industry, a trade group said. ... more


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OIL AND GAS
Maduro warns Venezuela army over Trump 'invasion' plans
Caracas (AFP) July 5, 2018
President Nicolas Maduro urged his armed forces Wednesday to be on guard following news reports in the United States that a year ago President Donald Trump raised the possibility of invading Venezuela. ... more
OIL AND GAS
Gas production a vote of confidence for Libya
Washington (UPI) Jul 5, 2018
The start of natural gas production off the coast of Libya is a breath of fresh air for a country facing significant security risks, a company chairman said. ... more
OIL AND GAS
Iran blames Trump for the spike in oil prices
Washington (UPI) Jul 5, 2018
The Iranian governor to OPEC said Thursday the U.S. president should avoid stepping into the production group's work with calls to drive down the price of oil. ... more
OIL AND GAS
Greenpeace activists rappel from Canadian bridge to protest oil pipeline
Montreal (AFP) July 5, 2018
Canadian police tried in vain Wednesday to remove Greenpeace activists who have rappelled from a bridge to protest an oil pipeline project, blocking marine traffic in the port of Vancouver. ... more
OIL AND GAS
New results of Deepwater Horizon research to protect marine life against future oil spills
St. Petersburg FL (SPX) Jul 03, 2018
The University of South Florida continues to play an integral role in discovering the extent of damage caused by the 2010 Deepwater Horizon oil spill. Researchers just published results of a seven-y ... more
24/7 Disaster News Coverage
24/7 Technology News Coverage
24/7 China News Coverage



OIL AND GAS
Get ready for big swings in U.S. gas prices
Washington (UPI) Jul 3, 2018
U.S. retail gas prices headed into the Independence Day holiday are the highest they've been in four years and may spike further alongside oil, an analyst said. ... more
OIL AND GAS
Oil prices chart new territory on supply-side concerns
Washington (UPI) Jul 3, 2018
Crude oil prices rose on Tuesday with the U.S. benchmark hitting a four-year high on expected drains in domestic inventories and outages in Libya. ... more
OIL AND GAS
Iran's oil can still flow, the country's first vice president says
Washington (UPI) Jul 3, 2018
Iran's first vice president said the U.S. government's efforts to force Tehran's customers to stop importing any of its oil by November is not realistic. ... more
OIL AND GAS
When oil and water mix
Boulder CO (SPX) Jul 04, 2018
Hydraulic fracturing of organic-rich shales has become a major industry. The commonly used term for this extraction of hydrocarbons - fracking - is especially intriguing. Not only does it convey the ... more
OIL AND GAS
U.A.E. joins OPEC members with commitment to more oil output
Washington (UPI) Jul 3, 2018
The United Arab Emirates became the latest party to an OPEC-led effort to stabilize the oil market with pledges of an increase in production on Tuesday. ... more


Shares in Norwegian driller Seadrill trading again

OIL AND GAS
New oil phase under way for offshore Guyana
Washington (UPI) Jul 3, 2018
A contract for a floating production vessel offshore Guyana marks the start of the second phase of development of the giant Liza oil field, SBM Offshore said. ... more
OILGASDAILY



OIL AND GAS
European gas market supported by Norway
Washington (UPI) Jul 3, 2018
European energy security is enhanced now that the Norwegian government is vetting plans to enhance the Troll oil and gas field, Equinor stated Tuesday. ... more
OIL AND GAS
Saudi replaces chief executive of NEOM mega city
Riyadh (AFP) July 3, 2018
Saudi Arabia has replaced the CEO of its NEOM mega city project less than a year after the unveiling of the $500 billion venture billed as a regional Silicon Valley. ... more
OIL AND GAS
US plan to end Iranian oil exports 'a fantasy': Rouhani
Geneva (AFP) July 3, 2018
A plan by the United States to cut Iran's oil production to zero is a "fantasy", Iranian President Hassan Rouhani said Tuesday during his European tour to rally support for the 2015 nuclear deal. ... more
OIL AND GAS
Total working to sustain Angolan oil production
Washington DC (UPI) Jul 02, 2018
Energy services company TechnipFMC said it would work alongside Total at a prospect the French supermajor said marked a new chapter offshore Angola. ... more
OIL AND GAS
More Texas energy sector frustration with tariffs emerges
Washington DC (UPI) Jul 02, 2018
Parts of the energy sector still in recovery mode will be hit by U.S. tariffs on aluminum and steel and hurt the broader Texas economy, a trade group said. ... more
24/7 Nuclear News Coverage
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24/7 War News Coverage



Researchers report novel hybrid catalyst to split water
Houston TX (SPX) Jul 03, 2018
Researchers from the University of Houston and the California Institute of Technology have reported an inexpensive hybrid catalyst capable of splitting water to produce hydrogen, suitable for large-scale commercialization. Most systems to split water into its components - hydrogen and oxygen - require two catalysts, one to spur a reaction to separate the hydrogen and a second to produce ox ... more
+ Researchers discover new enzyme paradigm for critical reaction in converting lignin to useful products
+ I.Coast studies first cocoa-fired power station
+ Orange, tea tree and eucalyptus oils sweeten diesel fumes
+ Critical plant gene takes unexpected detour that could boost biofuel yields
+ 'Tricking' bacteria into hydroxylating benzene
+ How to suck carbon dioxide from the sky for fuels and more
+ Scientists sustainably 3D print large objects out of cellulose
Surrey makes breakthrough in perovskite solar cell technology
Surrey UK (SPX) Jul 03, 2018
The University of Surrey has helped to create a technique that has produced the highest performing inverted perovskite solar cell ever recorded. Perovskite based cells are widely viewed as the next generation of solar cells, offering similar power conversion efficiency (PCE) performance, but at a much lower cost than the market dominant crystalline silicon based solar cells. In a stu ... more
+ Shedding light on the energy-efficiency of photosynthesis
+ Jumby Bay island to benefit from additional clean energy supply
+ Researchers solve major challenge in mass production of low-cost solar cells
+ Wartsila introduces new hybrid solar PV and storage solution
+ Sunvapor receives DoE contract to develop Solar Steam on Demand
+ A milestone on the path towards efficient solar cells
+ Spain takes forward step on renewable energy


ENGIE: Wind energy footprint firmed up in Norway
Washington DC (UPI) Jul 02, 2018
French energy company ENGIE said Monday it reached an agreement with Swiss asset manager SUSI to help develop what will be one of Norway's largest wind farms. SUSI, through a renewable energy fund, takes an 80 percent stake in Project Tonstad, a planned 208 megawatt wind farm in southern Norway. The French energy company keeps a 20 percent stake in a 51-turbine facility. Sandra R ... more
+ Batteries make offshore wind energy debut
+ India embarks on offshore wind energy effort
+ New wind turbines are even efficient in low winds
+ Cryptocurrency blowing in the wind as mine opens in Estonia
+ U.S. Atlantic states eye offshore wind leadership
+ European wind energy generation potential in a warmer world
+ New York to world's largest offshore wildlife aerial survey
Greenpeace activists 'crash' drone into French nuclear plant
Lyon (AFP) July 3, 2018
Greenpeace activists said Tuesday they had flown a drone fitted out as a flying Superman into a nuclear energy plant in southeast France, aiming to show how the country's reactors are vulnerable to terror attacks. A video released by the environmental group shows the drone zipping through restricted airspace above the Bugey plant about 25 kilometres (16 miles) outside Lyon before crashing in ... more
+ The vanishing nuclear industry
+ Japan aims for 24% renewable energy but keeps nuclear central
+ Electrospun sodium titanate speeds up the purification of nuclear waste water
+ Framatome welcomes Taishan 1 grid connection, the first EPR reactor in the world
+ First EPR nuclear reactor goes on stream in China
+ UAE further delays launch of first nuclear reactor
+ French MPs warn of nuclear safety 'failings'
Daily Newsletters - Space - Military - Environment - Energy

In a warming world, could air conditioning make things worse?
Madison WI (SPX) Jul 04, 2018
As climate change continues to push summer temperatures ever higher, the increased use of air conditioning in buildings could add to the problems of a warming world by further degrading air quality and compounding the toll of air pollution on human health, according to a new study. Writing in a special climate change issue of the journal Public Library of Science (PLOS) Medicine, a team of ... more
+ Dutch unveil ambitious law to cut greenhouse gases
+ Climate models fail to account for CO2's impact on life, scientists say
+ Latvia declares state of disaster over drought
+ China unveils new climate goals for 2020
+ Ocean's heat cycle shows that atmospheric carbon may be headed elsewhere
+ Drought haunts farmers in Poland, Baltic states
+ Drought-hit Iraq suspends farming of key crops
Lyft pushes into bikes with new acquisition
San Francisco (AFP) July 2, 2018
US ridesharing giant Lyft said Monday it was acquiring bikesharing operator Motivate as it ramps up efforts against rival Uber in alternative forms of transportation. Terms of the deal were not announced for Motivate, which operates bike programs in New York, Boston, San Francisco, Washington and elsewhere. "Lyft and Motivate have both been committed for years to the same goal of reducin ... more
+ Strict new emissions tests disrupt Volkswagen production
+ Volkswagen to stash cars at Berlin's problem airport
+ Lyft value jumps to $15.1 billion in new funding round
+ First investor complaint filed against Daimler over 'dieselgate'
+ China's Didi steps up challenge to Uber with Australia push
+ New tool will help protect animals from harmful hues of transport lights
+ Electric scooter-sharing moves into the fast lane


Iraq calls for repatriation of children of foreign jihadists
Baghdad (AFP) July 3, 2018
Iraq called Tuesday for the home countries of foreign jihadists held in its jails to repatriate hundreds of children of the captured militants. At least 833 children of 14 nationalities are currently in prison in Iraq, according to the Joint Operations Command, which coordinates the fight against the Islamic State group. "We ask all diplomatic missions in Iraq, resident and non-resident, ... more
+ Partial vote recount begins in Iraq's Kirkuk
+ Post-Saddam Iraq faces parliamentary vacuum for first time
+ Iraq executes 13 death row jihadists to avenge killings
+ Congolese doctor helps Yazidi women overcome rape stigma
+ Waves of strikes pound south Syria after talks fail
+ Iraqis say Russian missiles killed IS leader's son
+ Iraq PM orders 'immediate' execution of death row jihadists
Pompeo in N. Korea to seek 'details' on denuclearisation
Pyongyang (AFP) July 6, 2018
US Secretary of State Mike Pompeo arrived in Pyongyang Friday to press Kim Jong Un for a more detailed commitment to denuclearisation following the North Korean leader's historic summit with President Donald Trump. Pompeo was greeted in the North Korean capital by Kim's right hand man Kim Yong Chol and Foreign Minister Ri Yong Ho. Since meeting Kim in Singapore last month Trump has been ... more
+ New arms race undermining landmark nuclear control treaty: experts
+ A.Q. Khan: Nuclear hero to Pakistan, villain to West
+ Iran talks aim to save nuclear deal after US pullout
+ Pompeo sets off for North Korea nuclear talks
+ Iran's Rouhani in Vienna to shore up nuclear deal, dogged by diplomat's arrest
+ Iran, world powers to have first nuclear meet since Trump pullout
+ Trump says N. Korea talks 'going well,' lashes critics
Daily Newsletters - Space - Military - Environment - Energy

Beijing eyes UNESCO status for Mao tomb, Tiananmen Square
Beijing (AFP) July 5, 2018
Beijing wants to have Mao Zedong's Mausoleum and Tiananmen Square, powerful and controversial symbols of Chinese communist might, inscribed on the UNESCO World Heritage List, official media reported on Thursday. The Chinese capital wants to apply for 14 sites in total to receive UNESCO World Heritage status by 2035, the state-run Global Times quoted city official Shu Xiaofeng as saying. ... more
+ Thousands march in Hong Kong as restrictions grow
+ US plans beefed up scrutiny of Chinese investments: Bloomberg
+ Chinese police break up protest of military veterans
+ Dominican Republic names ambassador to China
+ China pledges $100 million in military aid to Cambodia
+ Chinese parents-to-be seek more fertile ground abroad
+ Nepal PM to seek investment on first official China trip
Research shows plants in Africa 'green up' ahead of rainy season
Southampton UK (SPX) Jul 03, 2018
A study led by the University of Southampton has shown the greening up of vegetation prior to the rainy season in Africa is more widespread than previously understood. Geographers from Southampton, working with scientists at Lancaster University, used remote sensing data (satellite imagery), sourced over a 16 year period (2000-2016), to examine when plants in the continent began and finish ... more
+ Eritrea and peace with Ethiopia: Four questions
+ Zimbabwe army vows vote neutrality as opposition raises boycott prospect
+ Djibouti launches 'Africa's biggest free trade zone'
+ 7 killed in clashes between DR Congo, Ugandan navies
+ Locals lose out in Rwanda's second-hand clothes war
+ Pursuing poachers, and tourism, to boost Mozambique's conservation
+ Amid thaw, Ethiopia and Eritrea leaders plan to meet


GE contracted for F414 engine support on Super Hornet, Growler aircraft
Washington (UPI) Jul 3, 2018
General Electric has been awarded a contract for support of the F414 engine, found in the Super Hornet and Growler aircraft. The contract, announced Monday by the Department of Defense, comes under a $37 million modification to an existing contract for the repair, replacement and general support of 773 F414 engines for the F/A-18E and F Super Hornet and EA-18G Growler fighter aircraft. ... more
+ Polish MiG crash kills fighter pilot
+ Boeing to build 4 new Chinooks for U.S. Special Operations
+ Australia shelves MH370 memorial after relatives protest
+ Lockheed to support, train Iraqi air force on C-130J aircraft
+ Cherokee Nation Aerospace contracted for F-16 upgrades
+ UK lawmakers approve expanding London's Heathrow airport
+ NASA's experimental supersonic aircraft now known as X-59 QueSST
US, China fire first shots in 'largest trade war in economic history'
Washington/Beijing (AFP) July 6, 2018
The US and China on Friday launched tit-for-tat tariffs on each other's imports, the opening shots in what Beijing called "the largest trade war in economic history" between the world's top two economies. At the stroke of midnight Washington time, the US pulled the trigger on 25-percent duties on about $34 billion in Chinese machinery, electronics and high-tech equipment, including autos, co ... more
+ Texas presses Trump on aluminum, steel tariffs
+ Malaysia suspends multi-billion dollar China-backed deals
+ French police seize 10 Chinese-owned vineyards in fraud inquiry
+ China pledges more 'selfless' loans to Sri Lanka
+ EU 'possibly as bad as China' on trade: Trump
+ manufacturing activity slows in June
+ US trade war upends China's economic balancing act
Daily Newsletters - Space - Military - Environment - Energy

Trudeau to visit Latvia ahead of NATO summit
Ottawa (AFP) July 3, 2018
Canadian Prime Minister Justin Trudeau will fly to Latvia for a two-day visit starting July 9, ahead of the NATO summit in Brussels, his office said Tuesday. In addition to holding talks in Riga with Latvian Prime Minister Maris Kucinskis and President Raimonds Vejonis, Trudeau is also set to visit the Canadian-led multinational NATO Enhanced Forward Presence battlegroup based in the country ... more
+ Chinese troops join Belarus military parade as ties grow
+ Greek coalition partner vows to block Macedonia deal
+ Turkey seeks nearly 350 arrests over Gulen ties: report
+ No plan for US troops to leave Germany: White House
+ Australia passes foreign meddling laws amid China tensions
+ Cambodian strongman's son assumes powerful military roles
+ US weighs withdrawing troops from Germany: report


Seattle bans plastic straws, but US still has a long way to go
Washington (AFP) July 3, 2018
Seattle has become the first major US city to ban plastic straws and utensils in its eateries, a victory for environmentalists that will be tough to replicate elsewhere in the United States. After targeting plastic bags, environmentalists have set their sights on plastic drinking straws as a public enemy, highlighting the gap between their brief moment of utility and the enduring impact they ... more
+ Chilean court ratifies plastic bag ban after appeal
+ Trump's scandal-plagued environment chief resigns
+ Air pollution plays significant role in diabetes: study
+ Last straw for McDonald's, Burger King in Mumbai plastic ban
+ Romania asks UNESCO to delay decision on gold mining region
+ War on plastic leaves manufacturers clutching at straws
+ Understanding the formation of chemical byproducts during water treatment
Facial recognition was key in identifying US shooting suspect
Washington (AFP) June 29, 2018
Facial recognition technology, which has drawn criticism from civil liberties activists in recent years, was used to identify the suspect in Thursday's newsroom shooting which left five dead in Annapolis, Maryland. Police said suspect Jarrod Ramos, who had a prior arrest record, had refused to cooperate with authorities after he was taken into custody and that his fingerprints could not imme ... more
+ Stateless teen praised as 'gem' in Thai cave ordeal
+ 21 dead, many more bodies seen inside sunken Thai tourist boat
+ Artificial intelligence accurately predicts distribution of radioactive fallout
+ Thailand cave rescue: What now for the boys?
+ Libyan navy says 63 missing in new Mediterranean shipwreck
+ Thai boys need hope, exercise to survive cave ordeal: experts
+ Agonising rescue ahead for Thai cave boys as nation rejoices
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