Oil News and Gas News
January 13, 2017
OIL AND GAS
Serbia under fire for Russian gas deals



Brussels (UPI) Jan 12, 2017
The Serbian government may have breached European laws as they relate to gas market competition with its deals with Russia, a directorate said. The secretariat for the European Energy Community sent an open letter to Serbia's government that said it failed to comply with treaties in the energy sector. The community said that, in particular, it was concerned that a 2012 agreement between Russian energy company Gazprom and its Serbian counterpart distorted the market. "By sending the openi ... read more

OIL AND GAS
Oil prices gain strength on OPEC rhetoric
Crude oil prices were in clear positive territory before the U.S. open Thursday after OPEC signaled stronger compliance with managed declines. ... more
OIL AND GAS
OPEC deal holding, though look out for U.S. oil
A survey of production data from OPEC shows evidence of a managed decline, but the durability of that trend is a critical question, a survey found. ... more
OIL AND GAS
Offshore Norway remains resilient
Even though the sector remains resilient, a Norwegian energy director said there will be cost reductions for development that will pay off in the future. ... more
OIL AND GAS
General praise for tripling Canadian oil pipeline
Provincial leaders in Canada praised measures that made it so that Kinder Morgan could move forward with long-awaited expansions to a heavy oil pipeline. ... more
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OIL AND GAS
Egypt set for a gas turnaround
The Egyptian natural gas sector is on track for an about-face, though complex dynamics could keep pressure on the industry, Wood Mackenzie found. ... more
OIL AND GAS
Texas drilling permits on the rise
The number of drilling permits issued in Texas, the No. 1 oil producer in the country, for December was up 38 percent from last year, state data show. ... more
OIL AND GAS
Oil, Trump, leave Mexico in dire economic straits
Mexico, the second largest economy in Latin America, is facing economic headwinds because of lower oil prices and U.S. trade policy, a study finds. ... more
OIL AND GAS
Putin's spokesman expects tough, but listening, Tillerson
Former Exxon Mobil CEO Rex Tillerson will listen to Russia, but will continue with his legacy of being a "tough person," a Kremlin spokesperson said. ... more
OIL AND GAS
Wood Mac: Happy days for U.S. oil
Energy companies are learning to do more with less and nowhere is that more evident than in U.S. shale basins, consultant group Wood Mackenzie said. ... more


Asian dynamics give oil prices some support

OIL AND GAS
After $900 million sale, Tullow primed for growth
After selling of interest in a lucrative Ugandan oil basin, Africa-focused explorer Tullow Oil said it was tooled for production growth despite a rough year. ... more
OIL AND GAS
Oil prices stage weak rally ahead of U.S. market report
Crude oil prices notched only modest gains before trading opened in New York, even as Russia said it was trimming oil output as obligated under an OPEC deal. ... more

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Dual-purpose biofuel crops could extend production, increase profits
Today many biofuel refineries operate for only seven months each year, turning freshly harvested crops into ethanol and biodiesel. When supplies run out, biorefineries shut down for the other five months. However, according to recent research, dual-purpose biofuel crops could produce both ethanol and biodiesel for nine months of the year - increasing profits by as much as 30%. "Currently, ... more
Open-source plant database confirms top US bioenergy crop

Species diversity reduces chances of crop failure in algal biofuel systems

Potential biofuel crops in Hawaii may successfully sequester carbon in soil

Renewable energy investment value fell 18% in 2016: study
Global investment in renewable energy dropped by 18 percent in 2016 due to sharp falls in equipment prices and a slowdown in China and Japan, a study found Thursday. After reaching record levels in 2015, investment fell last year to $287.5 billion, according to researchers at Bloomberg New New Energy Finance (BNEF). The fall was due in part to "further sharp falls in equipment prices, pa ... more
U.S. solar groups to speak after Trump inauguration

An ordered route to improved performance of solar cells

U.S. offshore regulator joins solar power trade group



New York sets bar high for offshore wind
Stunning is how one renewable energy group described a decision by the state of New York to build the nation's largest offshore wind farm. Kit Kennedy, the director of energy and transportation initiatives at the Natural Resources Defense Council, said New York was setting the bar high with its wind energy commitments to 2030. "New York State will become the nation's leader on cl ... more
The answer is blowing in the wind

French power group aims to double wind capacity

New rules for micro-grids in Alberta

France sells off Engie stake to finance Areva rescue
France has sold a 4.1-percent stake in energy company Engie, pulling in 1.14 billion euros ($1.2 billion) to help finance a state-led rescue of troubled nuclear firm Areva. The sale of 100 million Engie shares was 10 million above the amount initially offered, the APE agency which manages shareholdings for the French state said in a statement late on Tuesday. The sale leaves the French s ... more
UK asks regulators to assess Chinese nuclear reactor

EU clears French rescue of troubled nuclear firm Areva

Controversial nuclear power plant near New York to close

Daily Newsletters - Space - Military - Environment - Energy

On climate, top diplomat nominee says US must stay engaged
President-elect Donald Trump's nominee for secretary of state said Wednesday he wants the United States to keep "a seat at the table" regarding global warming, despite Trump's pledge to abandon the Paris climate deal. At his Senate confirmation hearing on Capitol Hill, former ExxonMobil chief Rex Tillerson also said "the risk of climate change does exist, and the consequences could be seriou ... more
Obama again defends climate deal

Global warming hiatus disproved yet again

Scientists disprove global warming took a break

China 2016 auto sales surge at fastest in three years
Auto sales in China, the world's biggest car market, surged at their fastest in three years in 2016, an industry group showed Thursday, jumping nearly 14 percent after authorities slashed a purchase tax. The world's second-largest economy is crucial to global auto manufacturers, but the market took a hit from slowing economic growth in 2015. However a total of 28.03 million cars were sol ... more
New technology will cut plug-in hybrid fuel consumption by one third

US deal won't end 'dieselgate' pain for Volkswagen

VW directors knew of emissions scandal earlier: press



Life and business return to parts of Iraq's Mosul
Explosions can be heard a few blocks away but butcher Haj Fawzi is wielding his cleaver again as he greets customers at a reopened market in liberated east Mosul. "Security has returned, the stalls on the market have re-opened and the clients are also here," he said, chopping up meat as cows' heads dangled from hooks behind him in the main market of Al-Zahraa neighbourhood. "What we woul ... more
IS resistance in Mosul is weakening: commander

Suicide bombers kill 18 in Baghdad market attacks

Iraq launches offensive on IS near Syria border

N. Korea has plutonium for 10 nuclear bombs: S. Korea
North Korea now has enough plutonium to make 10 nuclear bombs, South Korea said Wednesday, a week after leader Kim Jong-Un said it was close to test-launching an intercontinental ballistic missile. The isolated communist state, which has carried out five nuclear tests and numerous missile launches, is thought to be planning a nuclear push in 2017 as it seeks to develop a weapons system capab ... more
Trump, top diplomat pick differ on nukes

Iran to buy 130 tonnes of uraniaum: nuclear official

Final Iran nuclear talks before Trump takes office

Daily Newsletters - Space - Military - Environment - Energy

Human rights in Hong Kong at worst level for 20 years
Human rights in Hong Kong are at their worst since it was handed back to China by Britain 20 years ago, activists said Wednesday, as Beijing stands accused of tightening its hold on the semi-autonomous city. A new report by Amnesty International Hong Kong looking back at 2016 said rights in the city had rapidly deteriorated and had "failed on many fronts". The report cited the lack of ... more
Hong Kong deputy announces leadership bid

Lessons in respect at China's Confucius kindergartens

China graft drive has punished 1.2 million: watchdog

U.K. Defense Ministry announces first military exercises with Sierra Leone
Britain's armed forces will conduct training exercises alongside troops from the Sierra Leone for the first time, the U.K. Defense Ministry announced. The announcement was made by British Defense Secretary Michael Fallon, who says the exercises highlight his country's commitment to maintaining combat readiness in addition to supporting security in Africa. "Training with Sierra Le ... more
Conservation practices may leave African indigenous populations behind

Draining huge African peatland a threat to climate

Five Malian soldiers killed by landmine



U.S. Marines move first F-35B squadron to Japan
The U.S. Marines have relocated the first operational F-35B Lightning II squadron from a base in Arizona to Japan. The relocation makes the Marine Corps Air Station in Iwakuni, Japan, the first location to receive the branch's F-35 variant as part of the plane's worldwide deployment capability. Defense News reports 10 F-35Bs from the Marine Fighter Attack Squadron 121, or VMFA-12 ... more
Birds circling trash threaten Beirut flights: minister

Vanilla aircraft proves to be anything but plain

Russian Defense Ministry discusses aircraft modernization plans

Amazon to deliver 100,000 new US jobs
Amazon on Thursday unveiled plans to create 100,000 US jobs over the next 18 months, as President-elect Donald Trump presses the business world to boost activities on American soil. The US tech and retail giant's plan to bring its American workforce to over 280,000 is the latest - and largest - of a string of job-creation announcements as Trump prepares to take office on a promise to boost ... more
Ma's million jobs pledge more PR than promise: analysts

Trump's China trademarks risk constitutional crisis: experts

Bitcoin plunges as China investigates exchanges

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

China makes war with Japan six years longer
China has ordered all schools to teach pupils that its 20th-century war with Japan lasted 14 years rather than eight, the education ministry said Wednesday, to "strengthen patriotic education". Chinese textbooks currently date the "Chinese People's War of Resistance Against Japanese Aggression" to July 7, 1937 and the Marco Polo Bridge Incident which heralded Japan's full-scale invasion. ... more
Poland's senate approves defense budget hike

US troops arriving in Poland draw Russian ire

Trump's Pentagon pick takes aim at Russia



U.S. Army seeking biodegradable bullets
The U.S. Army has posted a solicitation for biodegradable ammunition to be used during training exercises. In the solicitation, the Army notes the branch manufactures and consumes hundreds of thousands of rounds for training events that may require 100 years or more to biodegrade. By replacing existing ammunition with biodegradable alternatives, the Army says it can reduce potent ... more
Judge orders Beirut dump shut after birds threaten flights

Father of Russian environmental movement dies

New lease of life for Jakarta's once-filthy rivers

Nepal sacks quake reconstruction chief
Nepal on Wednesday sacked the chief of its earthquake reconstruction body, a move seen by critics as politically motivated and likely to further delay rebuilding following the April 2015 disaster. Sushil Gyewali was appointed head of the National Reconstruction Authority (NRA) a year ago after months of political wrangling over who should lead the agency. The NRA is tasked with spending ... more
Memory of lost Cyprus home haunts three generations

Six climbers die of cold climbing Guatemala volcano

Debt traps threaten Nepal quake victims



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