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  New York (UPI) Dec 19, 2016 Crude oil prices drifted lower in early Monday trading as questions lingered over whether or not parties to an OPEC agreement were playing ball. Members of the Organization of Petroleum Exporting Countries in late November agreed to cap production at 32.5 million barrels per day starting in January. Meeting that level would require cuts in output from members and non-member states. The deal is designed to bring balance back to an oil market favoring the supply side. Oil prices faltered l ... read more |
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Wood Mackenzie: Shale wins with OPEC dealRecovery in oil prices following an OPEC agreement to trim production should help stimulate oil activity in shale plays in the United States, analysis finds. ... more 
Additional drilling slated for Leviathan gas fieldPartners behind one of the largest natural gas fields in the Mediterranean Sea said they're planning more drilling with the aim of starting production in 2019. ... more 
More drilling scheduled in Barents SeaA Norwegian energy regulator said Italian energy company Eni is the next in line to start drilling operations in the Barents Sea. ... more 
Oil prices recovery means Texas recoveryA 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 |
| Previous Issues | Dec 19 | Dec 16 | Dec 15 | Dec 14 | Dec 13 |
 
 
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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 
South Caucusus energy security on NATO radarEnergy 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. ... more 
Japan examines possible gas deals with RussiaA 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 
Russia sets up oil-production monitoring groupA handful of Russian oil companies are expected to form a working group to monitor coordination with production agreements, the Russian oil minister said. ... more 
More hydrocarbons found in Gulf of MexicoA 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 |
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 Oil prices rise on expectation of OPEC compliance 
Jessica Uhl to replace Simon Henry as Shell CFORoyal 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 
Interest low for New Zealand oil and gasNew 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 |
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Photosynthetic algae have been refining their technique for capturing light for millions of years. As a result, these algae boast powerful light-harvesting systems - proteins that absorb light to be turned into energy - that scientists have long aspired to understand and mimic for renewable energy applications.
Now, researchers at Princeton University have revealed a mechanism that enhance ... more People willing to pay more for new biofuelsInvesting in the 'bioeconomy' could create jobs and reduce carbon emissions Argonne researchers study how reflectivity of biofuel crops impacts climate |
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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 |
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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 TexasNew York to bid in Federal Offshore Wind Auction |
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  Japan has scrapped plans to generate electricity at a multi-billion dollar experimental nuclear reactor, the government said Monday, giving up on the decades-old project due to spiralling costs.
Once touted as a "dream reactor," the Monju facility was designed to generate more fuel than it consumes via nuclear chain reaction, an attractive alternative in a country with few natural resources. ... more Bulgaria seeks investor to revive nuclear project Japan switches on nuclear reactor after safety shutdown Fukushima costs to double to nearly $180 bn: report |
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Australian, South African and US researchers say that although the environmental movement is in shock at US President-elect Donald Trump's election victory and its implications, it is not all doom and gloom.
"The environmental movement should proactively seize opportunities over the next four years," said lead author Dr Duan Biggs of the ARC Centre of Excellence for Environmental Decisions ... more Glee to gloom: Climate and the 'Trump effect' Climate report says 2016 on pace to be hottest year yet 'Fear is palpable' among US climate scientists over Trump moves |
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Conservation scientists have used layers of data on biodiversity, climate, transport and crop yields to construct a colour-coded mapping system that shows where new road-building projects should go to be most beneficial for food production at the same time as being least destructive to the environment.
The hope is that this "trade-off" strategy might guide governments, investors and develo ... more GM first to deliver mid-priced, all-electric car French cars lead EU list of low CO2 emitters, Ferrari finedVW settles Canada drivers' class action over emissions |
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  Mobile phones, cartons of cigarettes and fresh mutton are all on sale inside a camp for Iraqi civilians displaced in the battle to recapture Mosul - if they have the money.
In the Khazir camp, buyers trudge in the mud, skidding around in flimsy shoes and examining improvised market stalls on the ground between tents that shelter thousands of people.
Behind his makeshift display of mobil ... more Displaced Iraqis long for home, but return risky Iraqi children battle trauma after life under IS rule UN fears further looting of wrecked ancient Iraqi city |
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Lockheed Martin has received $60 million in contracts to sustain and modernize intercontinental ballistic missile re-entry systems for the U.S. Air Force.
The agreement is comprised of a new contract in addition to an extended second contract. The company will be tasked with providing equipment and services for U.S. Air Force personnel to support testing and maintenance for all Minutema ... more Iran discusses nuclear ships plan with IAEA chiefIAEA content with oil-rich Iran, Iran seeks sanction review N. Korea calls time on 200-day mass mobilisation |
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  The wife of a Chinese human rights lawyer said Monday she is suing the public security bureau for accusing her in an online propaganda video of fomenting "colour revolution".
Li Wenzu's husband Wang Quanzhang took on a number of civil rights cases considered sensitive by the ruling Communist party and was detained last summer.
His employer, Beijing's Fengrui law firm, was at the centre ... more 'Iron lady' Ip runs for Hong Kong leader Chinese official's wife jailed in new vaccine scandal Popular Chinese Muslim website shuttered after Xi Jinping petition |
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  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 |
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Heading home for the holidays may fill you with joy, as well as a little dread at the thought of the complexities of air travel at one of the busiest times of the year. The good news is that NASA is working on new technologies and concepts in air traffic management that will not only provide some relief from holiday travel headaches, but increase the efficiency, safety and environmental friendli ... more Germany receives first tactical A400M transport from Airbus Raytheon to provide new F-16 mission computers for U.S. Air Force Bell-Boeing contracted for V-22 Osprey repair services |
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  China's economic growth will slow to 6.5 percent next year and the yuan will continue falling against the dollar, a top Chinese think-tank said Monday.
The prediction follows a raft of positive data earlier this month that raised hopes of an end to the slowdown.
But the economy - the world's second largest - still "faces increasing downward pressure", the Chinese Academy of Social Scie ... moreChina vows more 'flexible' yuan, less property speculation In China, it's crunch time in 'Santa's workshop' Philippines taps China-backed AIIB to fix infrastructure |
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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 ... moreChina 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 |
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  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 ... moreChina 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 |
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 The battle to retake Mosul from the Islamic State group is leaving a legacy of environmental damage and health risks that will pose dangers to people for years to come.
Iraqis have already paid the initial price from burning oil wells and a sulphur factory that IS set alight south of Mosul, Iraq's last jihadist-held city which is the target of a major military operation launched two months a ... more China chokes under heavy smog with worse ahead Beijing issues red alert for severe air pollution Researchers create new way to trap dangerous gases |
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  China has charged 10 people over a power plant collapse that killed 74 last month, state media reported Monday, after first detaining 13 in the immediate aftermath of the accident.
A platform more than 70 metres (230 feet) high in a cooling tower at the Ganneng Fengcheng power station in the central province of Jiangxi crashed to the ground in late November, killing 74 people and injuring an ... more Sawdust reinvented into super sponge for oil spills China arrests 18 over fatal October blast Canada buys new Airbus search and rescue planes for Can$2.4 bn |
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