Oil News and Gas News
January 10, 2017
OIL AND GAS
Russia: Few economic burdens with oil above $40



Moscow (UPI) Jan 9, 2017
Russia needs clear economic policies to prevent shocks from oil prices, though stability is expected at $40 per barrel, a development minister said. The Central Bank of Russia in late December reported a net contraction for full-year 2016, though the level of decline was less severe in the latter half of the year. The oil-dependent economy faced dual strains from the low price of oil and economic sanctions, but Russian Minister of Economic Development Maxim Oreshkin told business daily Kommersa ... read more

OIL AND GAS
Oil-state of Oklahoma still under financial pressure
The revenue stream for the shale-rich state of Oklahoma shows lingering, but easing, pressure from the energy sector downturn, the state treasurer said. ... more
OIL AND GAS
North American rig count rises
Exploration and production activity in North America surged 12 percent in the month that followed OPEC's output deal, an oilfield services company said. ... more
OIL AND GAS
Oil prices dip on North American recovery
Crude oil prices moved sharply lower before the start of trading in New York as signs emerged of a strong North American energy sector recovery. ... more
OIL AND GAS
More staff reductions for Maersk Oil
Danish energy company Maersk Oil said it was cutting staff from one of its offices as part of the broader reorganization started last year. ... more
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OIL AND GAS
More oil flowing from Kurdish north of Iraq
Results from a well in the Kurdish north of Iraq that was sidelined by lower crude oil prices are promising so far, Norwegian energy company DNO said. ... more
OIL AND GAS
Petrol taxes drop globally despite climate change: study
The average tax on petrol in 157 nations fell 13 percent from 2003 to 2015, even as the world acknowledged the need to slash greenhouse gases from fossil fuels, researchers reported Monday. ... more
OIL AND GAS
Dallas Fed: Energy sector slump a 'small shock'
A stronger U.S. dollar and last year's decline in the energy sector could be a "small shock" that weakens economic expansion, a Texas economist said. ... more
OIL AND GAS
Rex Tillerson goes to Washington, gets mixed review
The U.S. nominee for secretary of state and former Exxon Mobil CEO Rex Tillerson must address his close ties to Russia, a Senate Democrat said. ... more
OIL AND GAS
Gas prices last year were the lowest in 12 years
A federal survey of retail gasoline prices in the United States in 2016 found consumers paid the lowest average price at the pump last year in 12 years. ... more


Weak start for oil prices after U.S. labor data

OIL AND GAS
Safety issues found in Norwegian oil field audit
A Norwegian energy group has until February to address issues at one of its offshore assets, including evacuation routes, a safety regulator said. ... more
OIL AND GAS
Power struggle risks tipping Libya deeper into crisis
Escalating tensions between rival Libyan armed forces threaten to plunge the North African country deeper into turmoil only weeks after the fall of the Islamic State group's bastion Sirte. ... more

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Potential biofuel crops in Hawaii may successfully sequester carbon in soil
Two potential biofuel crops in Hawaii--sugarcane and napiergrass--may sequester more carbon in soil than is lost to the atmosphere, according to a study published January 4, 2017 in the open-access journal PLOS ONE by Meghan Pawlowski from University of Hawaii Manoa, U.S., and colleagues. From a climate change perspective, replacing fossil fuel with biofuel makes sense only if the latter h ... more
WSU researchers discover unique microbial photosynthesis

Economics of forest biomass raise hurdles for rural development

Biomass operations aren't currently feasible in rural communities

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
Artificial leaf goes more efficient for hydrogen generation

Stability challenge in perovskite solar cell technology

U.S. offshore regulator joins solar power trade group



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
Controversial nuclear power plant near New York to close

Battling energy crisis, Pakistan turns on fourth nuclear plant

Report finds additional radioactive materials in gas-well drill cuttings

Daily Newsletters - Space - Military - Environment - Energy

Obama again defends climate deal
President Barack Obama launched a fresh defense of emissions curbs against Donald Trump's plans to scrap a global climate deal, saying the accord was in America's interest Monday. Writing in the journal "Science" Obama said that the United States was proving that reducing greenhouse gases can help economic growth. Reforms can "can boost efficiency, productivity, and innovation," he said. ... more
Global warming hiatus disproved yet again

Scientists disprove global warming took a break

Tillerson called to testify on climate issues

US charges VW executive with fraud in diesel scandal
US authorities charged a Volkswagen executive with fraud and conspiracy, saying he helped cover up the "dieselgate" emissions-cheating scandal, the Justice Department said Monday. Oliver Schmidt, who led the German automaker's US regulatory compliance office from 2012 to March 2015, appeared in a Miami court Monday to face charges he knowingly lied to US regulators. He did not enter a pl ... more
The future of car tech: getting to know you

Renault-Nissan doubles down on autonomous cars

VW near $2 bn US criminal settlement in 'dieselgate': report



Iraq eyes recapture of east Mosul within days
Iraqi forces will retake east Mosul from the jihadists within days, a top commander said Monday, after his fighters in the city reached the Tigris River for the first time. Baghdad's forces have retaken a series of areas in eastern Mosul since launching an operation to recapture the city from the Islamic State group on October 17, but the west remains under IS control. East Mosul will be ... more
In Mosul, Iraq forces face IS drones, mortars, car bombs

Suicide bombers kill 18 in Baghdad market attacks

Iraq launches offensive on IS near Syria border

N. Korea holds mass rally to push Kim's New Year message
Thousands of North Koreans have rallied in Pyongyang, chanting communist slogans and vowing support for leader Kim Jong-Un, who in his New Year's message announced plans to test-fire a ballistic missile capable of reaching the US mainland. Clad in thick winter coats and pumping their fists in the air, those assembled in Kim Il-Sung square chanted "long live comrade Kim Jong-Un" and held bann ... more
Russian strategic missile forces to go fully digital by 2020

US warship fires warning shots at Iranian boats in Strait of Hormuz

North Korea nuclear threat Trump's first challenge

Daily Newsletters - Space - Military - Environment - Energy

China to punish two top anti-corruption officials: Xinhua
China's top anti-graft authority has punished two of its own senior officials for corruption and adopted new rules to supervise its investigators more strictly, state media said Monday. The new regulations, passed at the annual meeting of the ruling Communist Party's Central Commission for Discipline Inspection (CCDI) over the weekend, seek to clarify how the country's 500,000 or so corrupti ... more
Pro-democracy Hong Kong lawmaker condemns 'violent attacks'

Hong Kong rebel lawmakers met with protests in Taiwan

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

I.Coast soldiers end mutiny after deal
Ivory Coast soldiers on Sunday ended a two-day mutiny in the second city Bouake and other key areas after reaching a deal on their demands for pay rises, housing and faster promotion. President Alassane Ouattara called on his compatriots to "go back about their business" as normal after the deal was accepted by the military mutineers, who actions had paralysed Bouake. The world's top coc ... more
Reshuffle in I.Coast, security chiefs out after mutiny

Chad closes border with Libya over 'terror threat'

Gambia army chief backs president as region watches



Vanilla aircraft proves to be anything but plain
A DARPA-backed small business effort broke boundaries for long-endurance flight this month by launching a uniquely designed, combustion-powered unmanned aircraft that stayed aloft for more than two days and two nights. The flight was terminated several days ahead of schedule because of incoming weather. But the craft-built by Vanilla Aircraft of Falls Church, Virginia-landed safely with mo ... more
Leonardo Helicopters wins U.K. military support deal

U.S. Air Force upgrades A-10C search capability

MH370: No suspicions of crew, passengers, says French probe

Israel says China to send thousands of construction workers
China has agreed for thousands of migrant construction labourers to work in Israel in a bid to alleviate a housing crisis in the Jewish state, the Israeli government said Wednesday. The agreement would see 6,000 Chinese workers arrive in Israel in the six months after the formal signature of the deal expected at the end of February, a joint statement from the interior and finance ministries ... more
McDonald's sells China operations for $2.08 bn

Obama administration defends handling of China trade

China factory-gate inflation hits 5.5% in December

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
NATO's new $1.2-bn base held up by IT glitches

NATO and Russia in game of cat and mouse in Baltic skies

Trump govt faces rising risk of international conflict



Slovak 'Wastebusters' on anti-litter crusade
Slovak financial analyst Rastislav Krul and his wife once waited out an hour-long traffic jam by picking up several bags worth of rubbish around a rest area off the motorway. "No one joined in. People just watched us from their cars," recalls the 30-year-old, who has launched an anti-litter campaign from his western village of Rovinka. "For us time flew by, for them it went slowly," he ... more
Mayor of Beijing promises new environmental police force

Where is heavy air pollution in Beijing from

Madrid lifts partial car ban as pollution eases

Six climbers die of cold climbing Guatemala volcano
Six climbers scaling a volcano in Guatemala died on the weekend when they got caught in a sudden cold spell at altitude, rescue officials said Monday. The six, all of them Guatemalans, were in two groups climbing Acatenango volcano west of the capital on Saturday. The volcano rises 3,975 meters (13,045 feet) above sea level. Their bodies were recovered on Sunday and Monday, a fire servic ... more
Debt traps threaten Nepal quake victims

Memory of lost Cyprus home haunts three generations

Rebuild hearts as well as homes, pope tells quake victims



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