Oil News and Gas News
January 05, 2017
OIL AND GAS
Norway's Statoil planning more drilling



Stavanger, Norway (UPI) Jan 4, 2017
Norwegian energy major Statoil said it would drill 30 percent more exploration wells than it did in 2016 and most of those will be in domestic basins. The oil and gas company, in which the Norwegian government has a stake, said it plans to drill approximately 30 exploration wells this year, compared with 23 last year. More than half of the new wells planned for this year will target basins on the Norwegian continental shelf. Tim Dodson, executive vice president for exploration, said in a ... read more

OIL AND GAS
Exxon, Tillerson address conflict of interest concerns
All ties are severed between Exxon Mobil and Rex Tillerson to address any conflicts of interest if he's confirmed as U.S. secretary of state, the company said. ... more
OIL AND GAS
Oil prices down after first-day optimism fades
Crude oil prices lost some ground in early Wednesday trading as competing narratives pulled on market direction after sharp volatility in the previous session. ... more
OIL AND GAS
Dozens of companies land Nigerian crude oil contracts
Nigeria's state oil company said more than 30 companies, with nearly half of those foreign entities, have received one-year term contracts for crude oil. ... more
OIL AND GAS
Kuwait confirms OPEC cut compliance
An agreement to cut oil production to meet with the terms of an OPEC agreement reached in November holds through the first quarter, a Kuwaiti company said. ... more
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OIL AND GAS
Germany examines LNG for port vehicles
German utility group RWE said it would work with port officials to create infrastructure to fuel vessels with cleaner-burning liquefied natural gas. ... more
OIL AND GAS
Azerbaijan contracts new energy services
French energy services company Technip said its position in gas- and oil-rich Azerbaijan is strengthened by a service contract with a state energy firm. ... more
OIL AND GAS
A first for European energy with French LNG
French utility company EDF said commercial operations started at Europe's only terminal for natural gas that's connected to two regional markets. ... more
OIL AND GAS
Statoil solidifies North Sea position
Norwegian energy company Statoil said it moved into the majority position at a field in the northern parts of the North Sea, a focal point for the company. ... more
OIL AND GAS
Russia's oil production up from 2015
Government data show Russia, a main component of a managed decline from world producers, turned out 2.5 percent more oil year-on-year. ... more


New taxes, higher oil prices hurt U.S. drive

OIL AND GAS
Iran okays 29 companies for oil and gas projects
Iran has published a list of 29 major companies from Europe and Asia approved to bid for oil and gas projects after the lifting of sanctions over its nuclear programme. ... more
OIL AND GAS
Iranian energy doors opening to foreign companies
More than two dozen foreign oil and natural gas companies are qualified to get in line as Iran's energy sector opens up to investors, the government said. ... more


Economics of forest biomass raise hurdles for rural development
The use of residual forest biomass for rural development faces significant economic hurdles that make it unlikely to be a source of jobs in the near future, according to an analysis by economists at Oregon State University. In a model of the forest industry, researchers in the College of Forestry combined an evaluation of costs for collecting, transporting and processing biomass with the p ... more
Biomass operations aren't currently feasible in rural communities

Molecular Velcro boosts microalgae's potential in biofuel, industrial applications

Ultrafast lasers reveal light-harvesting secrets of photosynthetic algae

Stability challenge in perovskite solar cell technology
While solar cell technology is currently being used by many industrial and government entities, it remains prohibitively expensive to many individuals who would like to utilize it.. There is a need for cheaper, more efficient solar cells than the traditional silicon solar cells so that more people may have access to this technology. One of the current popular topics in photovoltaic technology re ... more
Tesla, Panasonic team up for solar power

The beating heart of solar energy

First movie of energy transfer in photosynthesis solves decades-old debate

Daily Newsletters - Space - Military - Environment - Energy

The answer is blowing in the wind
The amount of energy generated by renewables fluctuates depending on the natural variability of resources at any given time. The sun isn't always shining, nor is the wind always blowing, so traditional power plants must be kept running, ready to fill the energy gap at a moment's notice. Because the grid has no storage, and unlike coal or nuclear, there is no control over the fluctuating producti ... more
French power group aims to double wind capacity

New rules for micro-grids in Alberta

Offshore wind makes U.S. debut

Battling energy crisis, Pakistan turns on fourth nuclear plant
Pakistan's fourth nuclear power plant went online Wednesday, a joint collaboration with China that adds 340 megawatts to the national grid as part of the goverment's efforts to end a growth-sapping energy deficit. Pakistan is one of the few developing countries pursuing atomic energy in the wake of the Fukushima nuclear disaster in Japan in 2011, as it seeks to close an electricity shortfall ... more
AREVA NP supplies Safety Instrumentation and Control System for Generation 3 Reactor

Report finds additional radioactive materials in gas-well drill cuttings

Chemistry research breakthrough that could improve nuclear waste recycling technologies



Tillerson called to testify on climate issues
Exxon Mobil CEO and U.S. secretary of state nominee Rex Tillerson should testify before the inauguration on his climate change knowledge, lawyers said. Lawyers representing more than a dozen U.S. teens called on Tillerson to testify in a case arguing there is a "fundamental constitutional right to a climate system capable of sustaining human life." A notice to testify was served on Sidl ... more
Scientists disprove global warming took a break

Seizing environmental opportunities under a Trump presidency

Climate report says 2016 on pace to be hottest year yet

Electric car startup unveils 'new species' of vehicle
Faraday Future, the secretive electric car startup with ambitions to overtake Tesla, unveiled its first production vehicle Tuesday, proclaiming it to be a "new species" for personal transportation. The company, backed by Chinese billionaire Jia Yueting (YT Jia), announced at the Consumer Electronics Show that it would begin taking reservations for deliveries in 2018 with a $5,000 deposit for ... more
Chrysler's new tech-rich concept car aims young

U.S. funding more alternative vehicle efforts

Volkswagen reaches emissions agreement with 3-liter car owners

Daily Newsletters - Space - Military - Environment - Energy

Iraq forces retook over 60% of east Mosul: commander
Iraqi forces have retaken more than 60 percent of eastern Mosul from the Islamic State group since the battle for the city began in mid-October, a top commander said Sunday. "From east Mosul... more than 60 percent" has been recaptured from IS, Staff Lieutenant General Abdulwahab al-Saadi, a top commander in Iraq's Counter-Terrorism Service (CTS), told AFP. He was speaking in an area sou ... more
Turkey PM heading to Iraq to ease tensions

US-led coalition boosts Mosul military advisors to 450: official

Iraq PM says opponents spreading fake news of bombings

India tests Agni-V ballistic missile, tensions with China rise
India's Defense Research and Development Organization completed a test for its Agni-V ballistic missile, leading China to question the country's intentions. The test marked the fourth demonstration of the weapon, which is capable of carrying a nuclear warhead at a range of over 3,100 miles The Hindu reported. The Defense Research and Development Organization hailed the event as a "huge ... more
S. Korea calls Trump's tweet 'clear warning' to North

Five questions on China-N. Korea relations

Kim says N. Korea in 'final stages of test launching ICBM'



Football and prayer wheels: views of modern Tibet
Faith has always been at the heart of Tibetan culture. As practitioners of the country's unique form of Buddhism face increasing obstacles to their worship, Beijing has sought to cultivate a different kind of true believer: the football fan. China, which has fully controlled Tibet since the 1950s, has been accused of political and religious repression in the mainly Buddhist region. It co ... more
As thousands march China says Hong Kong must not subvert mainland

'Thousands' of pilgrims return to China before Dalai Lama event

Chinese official sentenced 10 years in vaccine scandal

Gambia army chief backs president as region watches
The Gambia's army chief on Wednesday reaffirmed his loyalty to President Yahya Jammeh, despite the threat of a regional military intervention if the strongman refuses to step down. Lieutenant General Ousman Badjie used a New Year message published in the pro-government Daily Observer newspaper to "renew to Your Excellency (Jammeh) the assurance of the unflinching loyalty and support of The G ... more
SEC probes Mozambique debt sold by Credit Suisse, BNP Paribas

Guinea soldier wanted over stadium massacre appears in court

Nigerian army 'crushes' Boko Haram in key stronghold

Daily Newsletters - Space - Military - Environment - Energy

ALIAS Pushes the Envelope on Aircraft Automation
DARPA's Aircrew Labor In-Cockpit Automation System (ALIAS) program envisions flight operations with reduced onboard aircrew while improving mission performance and flight safety-all through a tailorable, drop-in, removable kit that would provide advanced automation to existing aircraft. In two important steps toward that goal, DARPA has recently completed Phase 2 of this development effort ... more
Fadea completes C-130 upgrades for Argentina's air force

India seeking a new foreign single-engine fighter

Pilatus supplying trainer aircraft to France, Jordan

China manufacturing accelerates at fastest for 4 years: survey
China's manufacturing activity expanded at its quickest pace in nearly four years in December, an independent research firm said on Tuesday, in a sign of improving health for the world's second-largest economy. The private Caixin Purchasing Managers' Index (PMI), an indicator of conditions at smaller manufacturers, beat expectations with a reading of 51.9 in December, up from 50.9 the previo ... more
Israel says China to send thousands of construction workers

China manufacturing growth slows

Toshiba shares fall 20% after it flags one-off loss



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

McCain calls for permanent US troops in Baltics
Republican Senator John McCain on Thursday called for US troops to be permanently stationed in the Baltic states as a deterrent against Russia amid regional concerns over President-elect Donald Trump's pro-Moscow rhetoric. "I think that permanency is important, that there will always be some American troops here," McCain told reporters in Lithuania, an EU and NATO member bordering Russia's h ... more
Duterte seeks 'strategic shift' from US to China: envoy

Obama urges military to make Trump transition smooth

Russia flags war games with US ally Philippines

Beijing starts 2017 under a cloud
Beijing woke on the first morning of the New Year covered in thick toxic fog, with a concentration of harmful particles 20 times higher than international standards. After a long period of pollution in December, the Chinese capital was again smothered Sunday in an acrid grey haze which limited visibility to a few hundred metres. Luminous signs on top of the skyscrapers seemed to float ... more
Madrid lifts partial car ban as pollution eases

Obama criticized after monument designation

In Spain first, Madrid bans half of cars to fight smog

Number of displaced in Mosul op passes 125,000: UN
More than 125,000 Iraqis have been displaced since the start in October of an offensive to retake Mosul from jihadists, the United Nations said Wednesday. "Following the intensification of military operations in Mosul city on 29 December, the rate of displacement from Mosul has increased markedly, with over 9,000 people having fled the city in the space of four days," said the UN's Office fo ... more
'I am not a miracle worker': new UN chief

Natural disaster damage hits 4-year high: Munich Re

Cyprus urges Turkey to face up to responsibilities



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