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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 prices gain strength on OPEC rhetoricCrude oil prices were in clear positive territory before the U.S. open Thursday after OPEC signaled stronger compliance with managed declines. ... more
OPEC deal holding, though look out for U.S. oilA 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
Offshore Norway remains resilientEven 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
General praise for tripling Canadian oil pipelineProvincial 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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Egypt set for a gas turnaroundThe Egyptian natural gas sector is on track for an about-face, though complex dynamics could keep pressure on the industry, Wood Mackenzie found. ... more
Texas drilling permits on the riseThe 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, Trump, leave Mexico in dire economic straitsMexico, 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
Putin's spokesman expects tough, but listening, TillersonFormer 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
Wood Mac: Happy days for U.S. oilEnergy 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
After $900 million sale, Tullow primed for growthAfter 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 prices stage weak rally ahead of U.S. market reportCrude 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 |

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 |
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 |
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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 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 |
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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 |
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 |
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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 |
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 |
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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 |
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 |
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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 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 |
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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 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 |
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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 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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