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So-so future for British North Sea![]() London (UPI) Jan 17, 2017 Oil and natural gas activity off the British coast should wax and wane in the short-term after one of the industry's worst years, Wood Mackenzie finds. Lower crude oil prices and an uncertain economic future in the wake of last year's vote to leave the European Union put the British offshore oil and gas industry in "full survival mode," according to a report from Wood Mackenzie. Fiona Legate, a senior analyst with the group, said in a statement that capital investments offshore last year ... read more |
Russia hints at economic stimulusAfter hinting at a new tax policy on the oil industry, the Russian government said nearly $2 billion will be set aside to help the economy. ... more
Face value for OPEC deal lifts oil pricesThe outlook for a sustained price point for crude oil prices in the mid-$50 range offset questions about OPEC commitments to send markets higher early Tuesday. ... more
Tullow Oil plans more drilling in KenyaAfrica-focused Tullow Oil said it plans more drilling after it made an oil discovery inland Kenya that's likely tied into existing hydrocarbon finds. ... more
Norwegian oil and gas production up for the yearTotal production of oil and gas in Norway dipped in December, though full-year output increased for the third year in a row, the government reported. ... more |
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Gas prices finally edge lowerRelief in the form of stagnant crude oil prices and a good outlook for the nation's refineries means U.S. gas prices edged a bit lower, a retail analysis found. ... more
Cairn Energy has cash for new drillingThere's a significant resource base from African basins and new output is expected from operations closer to home in the North Sea, Cairn Energy said. ... more
Trudeau says Canada's oil sands must be phased outCanada must "phase out" Alberta's oil sands and end the country's dependence on hydrocarbons, Prime Minister Justin Trudeau said on Friday. ... more
Anadarko sells off Eagle Ford shale assetsParts of the shale basin in oil-rich Texas will be left behind in order to focus more on deepwater and other assets, Anadarko Petroleum announced. ... more
IMF: Oil-rich Russia needs either-or economic policiesRussia needs to ensure its economy is braced for an oil shock in either positive or negative terms, a deputy at the International Monetary Fund said. ... more |
![]() OPEC questions take wind out of oil rally's sails
Colorado is doing energy right, governor saidColorado will continue its legacy as a model for how to strike the right balance between fossil fuels production and a clean economy, its governor said. ... more
Milestone reached for Kashagan oil fieldMore than 7 million barrels of crude oil have been produced safely from the Kashagan oil field in Kazakhstan since September, the operator said. ... more |

A special issue of the journal Energy Technology details the latest advances in pyrolysis technologies for converting biomass into fuels, chemicals and fertilizers.
Two pyrolysis experts are guest editors of the issue: Robert C. Brown, the director of Iowa State University's Bioeconomy Institute, an Anson Marston Distinguished Professor in Engineering and the Gary and Donna Hoover Chair in ... more Handheld sensor unit determines biofuel content of diesel blends Handheld Sensor Unit Determines Biofuel Content Of Diesel Blends Dual-purpose biofuel crops could extend production, increase profits |
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 CWRU directly measures how perovskite solar films efficiently convert light to power Report details how renewables can decarbonise the energy sector Saudi to launch multi-billion renewable scheme: minister |
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Danish energy group DONG Energy said it strengthened its offshore wind portfolio with a new service contract, after charting a course away from oil and gas.
DONG said it landed a long-term service contract for the Lincs offshore wind farm off the northeast British coast. The 270-megawatt wind farm has been in service since 2013 and the contract follows the sale from partners Centrica an ... more DNV GL certifies new prototype of Siemens' 8 MW Offshore Wind Turbine New York sets bar high for offshore wind The answer is blowing in the wind |
AREVA NP signed a multimillion-dollar agreement with the Tennessee Valley Authority (TVA) to provide fleet-wide refuel equipment upgrades. Under this contract, AREVA NP will upgrade existing refueling platforms, manipulator cranes, fuel transfer systems and used fuel bridge components. This modern equipment will help operators increase efficiency, strengthen performance and reduce time when rece ... more Portugal protests against Spain nuclear waste near border France sells off Engie stake to finance Areva rescue UK asks regulators to assess Chinese nuclear reactor |
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More than 100 of Britain's top climate scientists on Monday urged Prime Minister Theresa May to press US President-elect Donald Trump to safeguard government-led research on global warming.
"We stand ready to support and assist our counterparts in the United States... in resisting any political attempts to prevent, hamper or interfere with vital research on climate change," they wrote in an ... more Drought may add famine to Somalia's humanitarian woes On climate, top diplomat nominee says US must stay engaged Obama again defends climate deal |
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 Oslo temporarily bars diesel cars to combat pollution Bikeshare cycles dumped en masse in China US deal won't end 'dieselgate' pain for Volkswagen |
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Some buildings at the University of Mosul are charred by fires, others rigged with explosives, and bullets still periodically fly past a campus scarred by the battle for the city.
The sound of a jet, the whoosh of a descending missile and the explosion as it hits home mark an air strike nearby that sends a stream of black smoke rising toward the grey clouds blanketing the sky over Mosul.
... more Iraq forces retake IS-bombed 'Jonah's tomb' in Mosul Life and business return to parts of Iraq's Mosul IS resistance in Mosul is weakening: commander |
EU foreign affairs head Federica Mogherini on Monday insisted the bloc will stand by the Iran nuclear accord, bluntly condemned by US President-elect Donald Trump, because it serves Europe's security needs.
"It is proof that diplomacy works and delivers... The European Union will continue to work for the respect and implementation of this extremely important deal, most of all for our securit ... more Obama warns Trump not to jettison Iran nuclear deal 'No sense' in renegotiating nuclear deal: Iran president Russia test-fires Topol-M intercontinental ballistic missile |
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Hong Kong's tough former deputy leader Carrie Lam, widely seen as China's favourite in an upcoming election for the top post, pledged Monday to end the divided city's "heartache" as she announced her candidacy.
Lam was deputy to the unpopular current chief executive Leung Chun-ying until she resigned to contest the poll, but is a less disliked figure.
Leung is vilified by the city's pro ... more Robert Chow: Hong Kong's pro-Beijing firebrand Hong Kong activists declare 'war' after appeal bid snub Taiwan says gang links in protest against HK activists |
A mutinous soldier was killed in Ivory Coast's administrative capital Tuesday, as fresh trouble erupted in several cities after troops took to the streets, firing shots in the air and terrifying residents.
The soldier's death in Yamoussoukro was the first since a mutiny over pay erupted in the second city Bouake on January 5, stoking security fears in the world's top cocoa producer.
Init ... more Uganda military denies Congolese rebels left camp Ivory Coast government and rebel troops reach deal Congolese M23 rebels cross over from Uganda, 'clash with army' |
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The U.S. Navy has accepted its 50th P-8A Poseidon maritime patrol and reconnaissance and anti-submarine aircraft from Boeing.
The plane, which will be part of an eventual fleet of 117 Poseidon aircraft, was delivered at Naval Air Station Jacksonville, Fla., earlier this month, U.S. Naval Air Systems Command reported.
"I'd like to formally thank the team, including PMA-290, Boeing ... more DARPA awards Sikorsky Phase 3 contract for ALIAS program Eurofighter signs support deals for Typhoon fighters GKN Aerospace continues Gripen's engine support program |
Chinese President Xi Jinping presented himself as a champion of globalisation Tuesday, lecturing the world elite in Davos on the dangers of protectionism and the futility of trade wars
The leader of the world's second largest economy became the first Chinese president to address the World Economic Forum, where 3,000 well-heeled delegates from government, business, science and the arts have g ... more Chinese leader meets Davos elite as voters revolt Distraught Davos finds globalisation saviour in China's Xi Seagate to cut more than 2,000 China jobs: reports |
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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's President Xi Jinping warned Tuesday against scapegoating globalisation for the world's ills or retreating behind protectionist walls, days before Donald Trump takes office.
In what amounted to a rewriting of the global economic order, led for decades by the United States, Xi used his debut speech at the World Economic Forum in Davos to insist that globalisation was irreversible despi ... more Saudi Arabia sees China rise as stabilising EU says Lithuania can use funds for border surveillance, not fences China's sea militarisation 'very troubling': Philippine defence chief |
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Washington State University researchers have developed a soy-based air filter that can capture toxic chemicals, such as carbon monoxide and formaldehyde, which current air filters can't.
The research could lead to better air purifiers, particularly in regions of the world that suffer from very poor air quality. The engineers have designed and tested the materials for the bio-based filter a ... more Slovenian dogs sent 'crazy' by road salting mix-up US contributes $500-million to UN Green Climate Fund Air pollution and lack of physical activity pose competing threats to children in China |
Thousands of Japanese evacuees from Fukushima should keep getting free housing, supporters said Tuesday, as the local government readies to yank support offered after the worst nuclear accident since Chernobyl.
Some 27,000 so-called voluntary evacuees - people who chose to leave their homes in the region after the 2011 accident due to safety concerns - are set to lose the six-year-old hou ... more Brazil calls up army to quell prison violence Nepal sacks quake reconstruction chief Memory of lost Cyprus home haunts three generations |
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