Oil News and Gas News
December 19, 2016
OIL AND GAS
South Caucusus energy security on NATO radar



Tbilisi, Georgia (UPI) Dec 16, 2016
Energy security through nations that bridge the gap to Europe from the Caspian Sea is a critical issue for the NATO alliance, delegates in Georgia said. NATO sponsored a working group in Georgia's capital, Tbilisi, to review energy security risks between consumers and potential and existing transit countries like Azerbaijan and Georgia. NATO leaders and energy ministers gathered at the event said energy security is emerging as a fundamental component of broader security in a globalized w ... read more

OIL AND GAS
Oil prices recovery means Texas recovery
A decision by members of the Organization of Petroleum Exporting Countries to trim production in January bodes well for oil-rich Texas, a state economist said. ... more
OIL AND GAS
Russia sets up oil-production monitoring group
A handful of Russian oil companies are expected to form a working group to monitor coordination with production agreements, the Russian oil minister said. ... more
OIL AND GAS
Suspended OPEC member Indonesia gets energy loan
A $400 million loan is aimed at helping Indonesia, until recently a member of OPEC, meet its growing demand for energy, the Asian Development Bank said. ... more
OIL AND GAS
Oil prices rise on expectation of OPEC compliance
Crude oil prices rebounded from midweek declines to regain traction as sentiment emerged that an OPEC agreement to cut production would be honored. ... more
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OIL AND GAS
Japan examines possible gas deals with Russia
A Japanese energy company said it was exploring the options to work alongside one of Russia's larger gas players on liquefied natural gas options. ... more
OIL AND GAS
More hydrocarbons found in Gulf of Mexico
A Colombian energy company said it was involved in a new oil discovery in the U.S. waters of the Gulf of Mexico, its fifth so far. ... more
OIL AND GAS
Statoil exits oil sands projects in Canada
Norwegian oil giant Statoil said Thursday it was exiting its oil sands projects in Canada, booking a loss, in a move hailed by environmental activists. ... more
OIL AND GAS
Statoil sells off Canadian assets
Canadian energy company Athabasca Oil Corp. said it scaled up its portfolio in heavy oil in a $435 million deal with Norwegian energy major Statoil. ... more
OIL AND GAS
Jessica Uhl to replace Simon Henry as Shell CFO
Royal Dutch Shell, evolving in the wake of a merger with BG Group, announced Chief Financial Officer Simon Henry is stepping down after seven years. ... more


Supplies, Fed rate drag oil prices lower

OIL AND GAS
Gas flowing from North Sea bright spot
A gas field in the British waters of the North Sea started production, which at its peak, should account for 5 percent of the nation's total, Centrica said. ... more
OIL AND GAS
Interest low for New Zealand oil and gas
New Zealand's energy minister took the high road on the country's onshore energy potential despite few bidders showing up for the latest offer. ... more


People willing to pay more for new biofuels
When it comes to second generation biofuels, Washington State University research shows that consumers are willing to pay a premium of approximately 11 percent over conventional fuel. "We were surprised the premium was that significant," said Jill McCluskey, WSU professor in the School of Economic Sciences. "We wanted to study people in different regions of the country, to make sure we wer ... more
Investing in the 'bioeconomy' could create jobs and reduce carbon emissions

Argonne researchers study how reflectivity of biofuel crops impacts climate

UNIST researchers turn waste gas into road-ready diesel fuel

Saudi Vision 2030 Gives Boost to Solar Energy Investors
Private sector investors are showing new interest in Saudi Arabia's solar energy market, after the nation's leadership included plans to add 9.5 GW of renewables to the energy supply as part of Saudi Vision 2030, along with opening the way to greater private sector and international investment. Announced in April, the Vision 2030 strategy sets 9.5 GW as an 'initial target' to help build th ... more
Canadian Solar Subsidiary Recurrent Energy Completes 200 Megawatt Garland Solar Facility

Beaumont Solar Expands Construction Capacity to 20 Megawatts (MW) per Quarter

EDF EN France chooses Trina Solar modules for its PV plant in Fos sur Mer

Daily Newsletters - Space - Military - Environment - Energy

Offshore wind makes U.S. debut
Turbines are spinning at a wind farm off the coast of Rhode Island, powering the region for the first time in an offshore capacity, a company announced. Project developer Deepwater Wind said its Block Island wind farm is now in commercial operations, marking a first for the United States. "We've made history here in the Ocean State, but our work is far from over," Deepwater Wind ... more
Apple invests in China wind farms

German energy company plants wind farm seed in Texas

New York to bid in Federal Offshore Wind Auction

Bulgaria seeks investor to revive nuclear project
Bulgaria is looking for an investor ready to revive a long-delayed project for a new nuclear power plant on the Danube, the government announced Friday. The announcement comes after Bulgaria's state-owned National Electricity Company on Thursday paid Russia's nuclear company Atomstroyexport a total of 601 million euros in compensation after cancelling the planned project to build a 2,000-meg ... more
Japan switches on nuclear reactor after safety shutdown

Fukushima costs to double to nearly $180 bn: report

'Diamond-age' of power generation as nuclear batteries developed



'Fear is palpable' among US climate scientists over Trump moves
Climate scientists tend to be a hardy bunch, accustomed to hate mail, vicious online attacks, lawmakers who deny that global warming is real, and for some, even death threats. But their mood darkened in recent days as President-elect Donald Trump tapped a series of climate change deniers and fossil fuel supporters for key posts in his administration. That gloom turned to panic when Trum ... more
Warmer temps may not affect carbon stored deep in northern peatlands

Glee to gloom: Climate and the 'Trump effect'

Scientists measure impact of local weather on global climate patterns

GM first to deliver mid-priced, all-electric car
General Motors began deliveries Tuesday of the first all-electric car model aimed at the middle market, getting a head start on Tesla Motors and other competitors. GM delivered the Chevrolet Bolt EV to three customers in California, including one in Fremont, where Tesla has a big factory. The Bolt can travel up to 238 miles on a full charge. It lists for $37,495, but consumers are eligi ... more
French cars lead EU list of low CO2 emitters, Ferrari fined

California shuts down Uber's self-driving cars

Uber defies California, keeps self-driving cars rolling

Daily Newsletters - Space - Military - Environment - Energy

Displaced Iraqis long for home, but return risky
Iraqi civilians displaced by the battle to recapture Mosul long to return home but bombs left by jihadists and ongoing fighting makes going back now a dangerous proposition. More than 100,000 Iraqis have fled their homes since the massive operation to recapture Mosul from the Islamic State (IS) group was launched on October 17, and the battle is far from over. Hisham, in his 20s, cannot ... more
Iraqi children battle trauma after life under IS rule

UN fears further looting of wrecked ancient Iraqi city

Coalition strikes near Palmyra killed 38 jihadists: monitor

N. Korea calls time on 200-day mass mobilisation
North Korea on Thursday wrapped up a 200-day mass mobilisation campaign aimed at boosting an economy struggling with upgraded UN sanctions imposed after its two nuclear tests this year. Coming hard on the heels of a similar 70-day campaign that ended in May, the 200-day version kicked off in early June, pushing extra hours and working weekends. On the final day Thursday, as on every day ... more
Obama allows Iran sanctions renewal without signing bill

Gunning for science and power in N. Korea

Lockheed Martin to continue ICBM sustainment for U.S. Air Force



'Iron lady' Ip runs for Hong Kong leader
A former Hong Kong security chief who stepped down after mass protests and is loathed by the city's pro-democracy camp said Thursday she will run for leader, as opponents warn she would be a Beijing puppet. The race for chief executive was thrown open when unpopular hardline leader Leung Chun-ying declared last week he would not seek reelection after a term marked by political crises and ant ... more
Chinese official's wife jailed in new vaccine scandal

Popular Chinese Muslim website shuttered after Xi Jinping petition

Anti-China protesters rally in Hong Kong as vote looms

UN cancels controversial Gambia army chief's Darfur visit
The UN has stopped The Gambia's controversial army chief from visiting troops serving as peacekeepers in Darfur, as international pressure grows on the country's top brass to accept incoming president-elect Adama Barrow. Gambian security forces seized the country's Independent Electoral Commission on Tuesday, drawing international condemnation follosing a contested presidential election held ... more
Influx of Chinese investors angers Madagascans

Mobile money lifts Kenyan households out of poverty

Mali rivals must stick to peace deal: French minister

Daily Newsletters - Space - Military - Environment - Energy

Germany receives first tactical A400M transport from Airbus
The German Air Force has received its first upgraded A400M Atlas military transport aircraft from Airbus Defense and Space. The new plane is the sixth A400M to serve in the branch, and the first to feature new capabilities allowing it to fly into areas with known military threats. Germany intends to replace its legacy fleet of C-130 airlifters with the updated planes. "The A400M ... more
US military grounds Osprey planes in Japan after crash

Final sweep for MH370 sea search

Boeing delivers digital flight deck upgrades to NATO fleet

China vows more 'flexible' yuan, less property speculation
China ended a major annual economic meeting Friday with promises to liberalise investment in state-owned sectors, control real estate speculation and improve the "flexibility" of the yuan's exchange rate, as the country's economy shows signs of stabilisation. The Central Economic Work Conference, headed by Chinese President Xi Jinping, began Wednesday in Beijing and focused on setting out ec ... more
In China, it's crunch time in 'Santa's workshop'

China new bank loans grow modestly in November

EU agrees tougher trade rules amid China row



Property and credit booms stablise China growth
Chinese growth stabilised in the third quarter, data showed Wednesday, as ample credit and hot property markets propped up the world's second-largest economy. But while the forecast-beating reading was in line with state targets, it came as experts warned that authorities have relied too much on easy credit, which has in turn increased financial risks. The economy grew 6.7 percent in Jul ... more
China data and US banks propel equities higher

No debt-for-equity cure for zombie firms, says China

China's ranks of super-rich rise despite economic slowdown

China boosts defenses on S.China Sea islets: US experts
New satellite imagery shows China has apparently installed "significant" defensive weapons on a series of artificial islands it built in the South China Sea, a US-based think tank said Wednesday. Beijing has created seven islets in the Spratly Islands in recent years, built up from much smaller land protuberances and reefs. Although Beijing has said it does not intend to militarize the c ... more
China says weapons in S. China Sea not militarisation

China says S. China Sea military overflights 'routine'

India names new military, spy chiefs; China protests Dalai Lama meeting

Beijing issues red alert for severe air pollution
Beijing issued its first air pollution red alert for 2016 Thursday, as choking smog is expected to cover the city and surrounding areas in north China during the next five days. From 8 pm on Friday, half of Beijing's private cars will be ordered off the road, with an odd-even number plate system in force, according to a notice posted on the official website of the Beijing municipal governmen ... more
Mosul battle leaving legacy of environmental damage

Researchers create new way to trap dangerous gases

Tehran traffic 'unbearable', says police chief

Sawdust reinvented into super sponge for oil spills
Lowly sawdust, the sawmill waste that's sometimes tossed onto home garage floors to soak up oil spilled by amateur mechanics, could receive some new-found respect thanks to science. Researchers at the Department of Energy's Pacific Northwest National Laboratory have chemically modified sawdust to make it exceptionally oil-attracting and buoyant, characteristics that are ideal for cleaning ... more
China arrests 18 over fatal October blast

Canada buys new Airbus search and rescue planes for Can$2.4 bn

Urgent appeal for supplies after strong Indonesia quake



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