Oil News and Gas News
December 28, 2016
OIL AND GAS
Iran sees foreign investors flocking to energy sector



Tehran (UPI) Dec 27, 2016
Iran is drawing in more foreign investors eager to renew work in the energy sector because of the low cost of doing business, a corporate director said. The National Iranian Oil Co. said it expects to award roughly a dozen new agreements for oil and gas developments as the appetite grows for working in Iran's oil and gas sector. Gholam-Reza Manouchehri, a managing director for the NIOC, told the official Islamic Republic News Agency international energy companies have more motivation for engage ... read more

OIL AND GAS
Russian oil company says production is up
As supply-side issues weigh on oil markets, Russian oil producer Gazprom Neft said its production for the year was up more than 7 percent from 2015. ... more
OIL AND GAS
OPEC-fueled oil price rally means higher gas prices
U.S. retail gasoline prices continued moving higher as the year winds down, but some relief may come with the start of the new year, AAA reports. ... more
OIL AND GAS
Turkey opens new LNG terminal
French energy company ENGIE said it was building its European footprint in the liquefied natural gas market with the opening of a new terminal in Turkey. ... more
OIL AND GAS
Putin: We're not a member of OPEC
Russia's president said his country would meet its obligations in terms of crude oil production, but stressed Friday that Russia is not a member of OPEC. ... more
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OIL AND GAS
U.S. leaders question need for Strategic Petroleum Reserve
Members of a House energy panel said they wanted a federal investigation into whether or not the nation's Strategic Petroleum Reserve should be maintained. ... more
OIL AND GAS
Oil prices dip in pre-Christmas trading
Lingering supply-side strains and traders looking for quick profits as the year draws down pushed crude oil prices into negative territory early Friday. ... more
OIL AND GAS
More reserves uncovered offshore Norway
After reporting production gains, the Norwegian government confirmed a discovery Friday of at least 25 million barrels in its waters of the North Sea. ... more
OIL AND GAS
Next U.S. Gulf of Mexico lease sale will be online
The next lease sale planned by the U.S. government for oil and gas reserves in the Gulf of Mexico will be streamed live on the Internet, an agency said. ... more
OIL AND GAS
Russian oil company starts new work in Serbia
A Russian oil company said its division in Serbia has opened up a new reserve area with the goal of moving from drilling to development next year. ... more


Libyan oil boss in Cairo after production gains

OIL AND GAS
Norway's Statoil rolls out more legacy milestones
Following an uptick in oil production, and after boasting of legacy output this week, Norway's Statoil said one of its fields has passed 2 billion barrels. ... more
OIL AND GAS
Oil, non-oil revenue rise for Saudi Arabia
Saudi Arabia said it was making progress on economic reforms aimed at correcting a deficit, with both oil and non-oil revenue increasing in 2017. ... more


Molecular Velcro boosts microalgae's potential in biofuel, industrial applications
Michigan State University scientists have engineered "molecular Velcro" into to cyanobacteria, boosting this microalgae's biofuel viability as well as its potential for other research. The findings, featured in the current issue of ACS Synthetic Biology, show how MSU researchers have designed a surface display system to attach cyanobacteria, also known as blue-green algae, to yeast and oth ... more
Ultrafast lasers reveal light-harvesting secrets of photosynthetic algae

People willing to pay more for new biofuels

Investing in the 'bioeconomy' could create jobs and reduce carbon emissions

Blue Oak Energy and Sun Air Solar complete additional 808kW PV System
Blue Oak Energy and Sun Air Solar have completed a 259 kWdc rooftop solar PV system atop a facility occupied by Abbott's diabetes care business and the Federal Aviation Administration (FAA). Located near Oakland International Airport on Bay Farm Island in San Francisco's East Bay, a new 259 kWdc rooftop system complements an on-site 549 kWdc solar PV carport completed earlier this year by Blue O ... more
Tesla, Panasonic team up for solar power

Tenth Year of Consecutive Global Growth for PV Demand, IHS Markit Says

Saudi Vision 2030 Gives Boost to Solar Energy Investors

Daily Newsletters - Space - Military - Environment - Energy

New rules for micro-grids in Alberta
A rule change means consumers in Alberta can have more flexibility when it comes to how they generate their own forms of green electricity, the government said. The provincial government amended regulations governing low-carbon power sources to allow for more flexibility in grid connectivity and power limits, increasing micro-generation size limits from 1 megawatt to 5 MW. The go ... more
Offshore wind makes U.S. debut

Apple invests in China wind farms

German energy company plants wind farm seed in Texas

Researchers model the way into a nuclear future
Physicists from MIPT and the Joint Institute for High Temperatures of the Russian Academy of Sciences described the mobility of line defects, or dislocations, in uranium dioxide. This will enable future predictions of nuclear fuel behavior under operating conditions. The research findings were published in the International Journal of Plasticity. Nuclear fuel has an immense potential, as i ... more
Report finds additional radioactive materials in gas-well drill cuttings

Chemistry research breakthrough that could improve nuclear waste recycling technologies

Japan pulls plug on troubled fast breeder reactor



Seizing environmental opportunities under a Trump presidency
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
Climate report says 2016 on pace to be hottest year yet

Glee to gloom: Climate and the 'Trump effect'

'Fear is palpable' among US climate scientists over Trump moves

VW reaches $1 bn compensation deal in 3.0-liter diesel case
Volkswagen has reached a $1 billion agreement with US authorities on a compensation deal for the last 80,000 vehicles affected by its emissions-cheating scandal in the United States, officials said Tuesday. However, a Justice Department official said a criminal investigation is ongoing, and charges may still be filed against the company - which could bring new penalties. Nor does the a ... more
U.S. funding more alternative vehicle efforts

China fines GM unit $29 million for 'price-fixing'

Uber puts brakes on self-driving cars in California

Daily Newsletters - Space - Military - Environment - Energy

Iraq PM says needs three months to eliminate IS
Iraq's premier said on Tuesday security forces need another three months to eliminate the Islamic State group from the country after launching their offensive against IS in October. "The available data indicate that Iraq requires three months to eliminate Daesh," Haider al-Abadi told a televised news conference, referring to the jihadist group by an Arabic acronym. Previously, he had vow ... more
Wounded Iraqis fill hospitals as Mosul op drags on

Bittersweet Christmas for Iraqi Christians near Mosul

Iraqi air force drops 4 million letters on Mosul: coalition

Duped by fake news, Pakistan minister makes nuke threat to Israel
Pakistan's defence minister has threatened to retaliate in kind to any Israeli nuclear strike after apparently being tricked by a fake news site into a confrontation on social media. Khawaja Asif was responding to an invented story published on the website AWDNews and headlined: "Israeli Defense Minister: If Pakistan send ground troops into Syria on any pretext, we will destroy this country ... more
India tests Agni-V ballistic missile, tensions with China rise

N. Korea plans nuclear push in 2017: top defector

US must 'greatly strengthen' its nuclear capability: Trump



Nine 'rebel' villagers jailed in China
Nine residents of the Chinese "rebel" village of Wukan have been jailed for "disrupting social order" after September protests against officials turned violent, leading police to shut down the settlement and impose a media blackout. Wukan, a 13,000-strong fishing village in the southern province of Guangdong, became a symbol of resistance against corruption after a mass uprising over alleged ... more
Dalai Lama will not visit Mongolia again: govts

Woman sues China public security bureau over propaganda video

'Iron lady' Ip runs for Hong Kong leader

Nigerian army 'crushes' Boko Haram in key stronghold
Nigerian President Muhammadu Buhari on Saturday claimed the military had routed Boko Haram in a key northeastern stronghold, a year after saying the Islamist militants had been "technically" defeated. A campaign lasting for months in the 1,300 square-kilometre (500 square-mile) forest in northeastern Borno state led to the "final crushing of Boko Haram terrorists in their last enclave in Sam ... more
UN cancels controversial Gambia army chief's Darfur visit

Influx of Chinese investors angers Madagascans

Mobile money lifts Kenyan households out of poverty

Daily Newsletters - Space - Military - Environment - Energy

China tests new jet fighter prototype
China has tested the latest version of its fifth-generation stealth fighter, state media reported Monday, as it tries to end the West's monopoly on the world's most advanced warplanes. The test comes as the nation flexes its military muscles, sending its sole aircraft carrier the Liaoning into the western Pacific in recent days to lead drills there for the first time. The newest version ... more
Main black box of crashed Russian plane found in Black Sea

Preparing for air traffic control via satellite

Ukraine's Antonov rolls out first AN-132D aircraft

China has 'real cause for concern' over Navarro: media
China had "real cause for concern" after US President-elect Donald Trump chose outspoken China critic Peter Navarro for a top trade position, Chinese media reports said Friday, as they warned of a potential trade war. Trump has picked Navarro to head the White House National Trade Council, a new office that will oversee trade and industrial policy, in the latest sign he is moving ahead with ... more
China tycoon moves jobs to US, citing high taxes at home

US returns Alibaba website to counterfeits blacklist

Trump names critics of China, regulation for economic posts



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 willing to work with India to maintain peace and build prosperity
China is willing to cooperate with India and other regional countries to maintain lasting peace, prosperity and stability, Foreign Ministry spokeswoman Hua Chunying said on Tuesday. Hua made the remark in response to India successfully test firing its "Agni-V" intercontinental ballistic missile on Monday. The missile is capable of carrying nuclear warheads and covering most of Asia and Eur ... more
India bans foreign funds of 20,000 charities: official

China and Sao Tome restore diplomatic ties in snub to Taiwan

Japan cabinet approves biggest defence budget

China's smoggiest city closes schools amid public anger
China's smoggiest city closed schools Wednesday as much of the country suffered its sixth day under an oppressive haze, sparking public anger about the slow response to the threat to children's health. Since Friday a choking miasma has covered a large swathe of northeastern China, leaving more than 460 million gasping for breath. Shijiazhuang, the capital of Hebei province, was one of mo ... more
RIT researchers estimate 10,000 metric tons of plastic enter Great Lakes every year

Bacteria control levels of dangerous pollutant in seabirds

Planes grounded as smog chokes China for fifth day

58,000 people died on Chinese roads in 2015: report
Chinese roads saw 58,000 deaths in more than 180,000 traffic accidents in 2015, authorities said, adding that poor enforcement of traffic laws still posed a threat to road safety in the country. Deaths on Chinese roads have dropped from more than 107,000 in 2004 to 58,000 in 2015, according to a report posted on Wednesday on the official website of the National People's Congress (NPC), the C ... more
New Technology Could Help Track Firefighters for Safety

66,000 workplace deaths in China last year: report

'Tiny earthquakes' help scientists predict mountain rock falls



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