Oil News and Gas News
January 07, 2017
OIL AND GAS
U.S. oil and gas lobby calls for industry-led energy revolution



Washington (UPI) Jan 5, 2017
The leading oil and gas lobbying group in the United States called on leaders in Washington to release the reins of regulation for the sake of the nation. "It is our view that regulations that do not align with those basic and commonsense goals should be reexamined, revised or removed to make way for smarter and forward-looking energy policies," Jack Gerard, the president and CEO at the American Petroleum Institute, said in an annual address in Washington. The incoming administration of ... read more

OIL AND GAS
Texas economist says OPEC cut won't create global shortage
The OPEC-fueled market recovery hasn't been felt yet in Texas, where the energy sector appears to have bottomed out, an economist said. ... more
OIL AND GAS
Schlumberger continues acquisition trends
Oilfield services company Schlumberger said it continued where it left off last year with the acquisition of specialty company, Peak Well Systems. ... more
OIL AND GAS
Iraq cuts oil production per OPEC deal: ministry
Iraq has cut crude production by some 200,000 barrels per day as part of an OPEC oil cartel agreement aimed at boosting flagging prices, the oil ministry's spokesman said Thursday. ... more
OIL AND GAS
Oil prices move higher with more OPEC commitments
Additional commitment to an OPEC production agreement and a decline in U.S. inventories pushed crude oil prices higher in early Thursday trading. ... more
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OIL AND GAS
Another North Sea production milestone
A field complex in the North Sea has passed a production milestone of 1 billion barrels of product, far more than expected, Aker BP said. ... more
OIL AND GAS
Iraq next to state commitment to OPEC cuts
Iraq has started trimming crude oil production in a managed fashion in order to comply with an OPEC agreement, the oil minister said. ... more
OIL AND GAS
Hope, and fear, as US Gulf allies look to Trump
US Gulf allies are looking at Donald Trump to tilt Washington in their favour, analysts say, but fear a dangerous void if the incoming president goes so far as to tear up the Iran nuclear deal. ... more
OIL AND GAS
Fire out at oil platform, U.S. Coast Guard says
A fire reported early Thursday at an oil production platform is out with no indications so far of pollution in the Gulf of Mexico, the U.S. Coast Guard said. ... more
OIL AND GAS
Norway's Statoil planning more drilling
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. ... more


Exxon, Tillerson address conflict of interest concerns

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

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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
Potential biofuel crops in Hawaii may successfully sequester carbon in soil

Biomass operations aren't currently feasible in rural communities

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

The beating heart of solar energy
The notion of using solar cells placed under the skin to continuously recharge implanted electronic medical devices is a viable one. Swiss researchers have done the math, and found that a 3.6 square centimeter solar cell is all that is needed to generate enough power during winter and summer to power a typical pacemaker. The study is the first to provide real-life data about the potential of usi ... more
Stability challenge in perovskite solar cell technology

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

Artificial leaf goes more efficient for hydrogen generation



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

AREVA NP supplies Safety Instrumentation and Control System for Generation 3 Reactor
AREVA NP supplied Rosatom with its safety instrumentation and control (I and C) system for its installation within unit 1 of the Novovoronezh-2 Russian nuclear power plant, which has been connected to the grid recently. AREVA NP supplied the digital reactor protection system based on the company's proven I and C platform TELEPERM XS. The system helps ensuring the safe condition of th ... more
Battling energy crisis, Pakistan turns on fourth nuclear plant

Report finds additional radioactive materials in gas-well drill cuttings

Chemistry research breakthrough that could improve nuclear waste recycling technologies

Daily Newsletters - Space - Military - Environment - Energy

Global warming hiatus disproved yet again
A controversial paper published two years ago that concluded there was no detectable slowdown in ocean warming over the previous 15 years - widely known as the "global warming hiatus" - has now been confirmed using independent data in research led by researchers from the University of California, Berkeley, and Berkeley Earth, a non-profit research institute focused on climate change. The 2 ... more
Scientists disprove global warming took a break

Tillerson called to testify on climate issues

Seizing environmental opportunities under a Trump presidency

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

Hyundai eyes autonomous cars for the masses

BMW to deploy 40 self-driving cars in US, Europe



Iraq launches offensive on IS near Syria border
Iraqi forces launched an offensive against the Islamic State group near the Syrian border Thursday, piling further pressure on the jihadists' crumbling "caliphate". Baghdad and its allies also turned up the heat on IS in its last remaining Iraqi stronghold of Mosul, where the US-led coalition said it had doubled the number of its advisors. "A military operation has begun in the western a ... 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

S. Korea calls Trump's tweet 'clear warning' to North
South Korea said Tuesday that US president-elect Donald Trump had sent a "clear warning" to North Korea with a tweet dismissing Pyongyang's ballistic missile claims. "North Korea just stated that it is in the final stages of developing a nuclear weapon capable of reaching parts of the US," Trump tweeted. "It won't happen!" Trump's tweet came a day after North Korean leader Kim Jong-Un a ... more
Five questions on China-N. Korea relations

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

US condemns Pyongyang missile plan, warns against 'provocative' actions

Daily Newsletters - Space - Military - Environment - Energy

'Thousands' of pilgrims return to China before Dalai Lama event
Thousands of mostly Tibetan pilgrims who travelled to India for a rare Buddhist ceremony held by the Dalai Lama have returned to China under pressure from Beijing, organisers said Wednesday. The 81-year-old Tibetan spiritual leader will this month preside over the Kalachakra teachings at Bodhgaya in eastern India, where the Buddha is said to have attained enlightenment more than 2,000 years ... more
Chinese official sentenced 10 years in vaccine scandal

Football and prayer wheels: views of modern Tibet

As thousands march China says Hong Kong must not subvert mainland

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
Chad closes border with Libya over 'terror threat'

At least 15 dead in DR Congo ethnic clashes: local sources

SEC probes Mozambique debt sold by Credit Suisse, BNP Paribas



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
U.S. Air Force contracts BAE Systems for intelligence sharing

Fadea completes C-130 upgrades for Argentina's air force

India seeking a new foreign single-engine fighter

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's Alibaba sues vendors over selling counterfeits

China manufacturing growth slows

Daily Newsletters - Space - Military - Environment - Energy

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

Indonesia backs down in Australia military row
Indonesia appeared to back down Thursday from a decision to suspend all military cooperation with Australia in a row over teaching materials, with a senior minister saying only language training had been put on hold. The Indonesian military said Wednesday that military cooperation with Canberra, including joint exercises and exchange programmes, had been put on ice last month after teaching ... 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



Madrid lifts partial car ban as pollution eases
Madrid on Thursday lifted an unprecedented ban on half of most private cars as pollution in the Spanish capital eased up. A day earlier and for the first time in Spain, authorities decided to implement a measure already used in other cities abroad by ordering vehicles with even-number registration plates to drive on even-number days, and cars with odd-number plates on odd-number days. Th ... more
Obama criticized after monument designation

Beijing starts 2017 under a cloud

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

Rebuild hearts as well as homes, pope tells quake victims

Natural disaster damage hits 4-year high: Munich Re



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