Oil News and Gas News
February 01, 2017
OIL AND GAS
Kuwaitis seek roots in upmarket tents under the stars



Al-Julaia, Kuwait (AFP) Jan 31, 2017
Nostalgic for their Bedouin roots, Kuwaitis like Ahmad al-Shimmari are following in the footsteps of their desert-dwelling ancestors living in tents under the stars - but with a touch of modern luxury. The former oil sector employee and 15 other men, all relatives and friends, are sharing one of six tents in a camp set up by his extended family for the entire winter close to the border with Saudi Arabia. "This camp will remain pitched here for five months," the 49-year old said as he sipped bla ... read more

OIL AND GAS
Average U.S. gas prices decline for 21 consecutive days
The national average for gasoline prices declined for 21 consecutive days, buoyed by the increase in crude oil production in the United States and lower driving demand, according to retail analysis. ... more
OIL AND GAS
Arctic oil production more than doubled, Russia says
Russian oil company Gazprom Neft said its production from a field in Arctic waters more than doubled from levels reported in 2015. ... more
OIL AND GAS
EIA: Mexico a top U.S. gas export destination
Even as the Trump administration threatened to tighten U.S.-Mexican trade policy, an Energy Department review said Mexico will remain a top fuel export market. ... more
OIL AND GAS
Oil prices flat, caught in tug-of-war
Crude oil prices started Monday in weak rally mode amid a tug-of-war in a market characterized by competing supply narratives. ... more
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OIL AND GAS
DNV GL: Modest optimism for energy year ahead
Confidence in the oil and gas sector has improved only modestly when compared with last year, though North America is a standout, an industry report finds. ... more
OIL AND GAS
Libya's oil sector may be opening to foreigners
Libya plans to start opening the doors to foreign investors that may be ready to step back into the country's oil sector, a national oil company announced. ... more
OIL AND GAS
This is our year, Hess Corp. says
Though production was lower during the fourth quarter, U.S. energy company Hess Corp. said 2017 was evolving so far as a year of transformation. ... more
OIL AND GAS
Continental Resources up spending and production
Total production from a U.S.-shale focused portfolio will grow considerably by the end of the year as recovery takes hold, Continental Resources said. ... more
OIL AND GAS
Baker Hughes still struggling, but strains easing
Oilfield services company Baker Hughes reported mixed results with a small quarterly loss balancing against substantial cost reductions. ... more
OIL AND GAS
TransCanada submits US application to build Keystone pipeline
Canadian pipeline builder TransCanada announced Thursday it had submitted an application to build the Keystone XL pipeline, a controversial project that has been given the green light by US President Donald Trump. ... more


Both sides of the border praise Keystone XL

OIL AND GAS
Iran ships condensate to Japan
State-backed media in Iran reported Friday that the country has started shipments of an ultra-light form of oil to the Japanese market. ... more
OIL AND GAS
Lebanon committed to oil, gas transparency
Transparency is a top priority for a Lebanese government looking to bring bidders back to its offshore oil and gas reserves, the energy minister said. ... more
OIL AND GAS
More drilling anticipated for New Zealand
Australian energy company Melbana said Monday it was anticipating drilling success closer to home in New Zealand while keeping its eye on Cuban reserves. ... more
OIL AND GAS
Lundin cleared for more drilling offshore Norway
The Norwegian government signed off on plans for appraisals of one of the larger oil fields in its territorial waters, Edvard Grieg ... more

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DuPont Industrial Biosciences to develop new high-efficiency biogas enzyme method
DuPont Industrial Biosciences has been awarded a grant from the European Commission to demonstrate high-efficiency enzyme production to increase biogas yields as part of the DEMETER project, funded from the Bio Based Industries Joint Undertaking under the European Union's Horizon 2020 Research and Innovation program. Enzyme technology has been proven to improve biogas yields and process robustne ... more
Cathay Pacific to cut emissions with switch to biofuel

Populus dataset holds promise for biofuels, materials, metabolites

Handheld Sensor Unit Determines Biofuel Content Of Diesel Blends

Eltek to provide solar energy for hospitals in Zimbabwe under UNDP programme
Eltek has announced a contract with United Nations Development Programme (UNDP) to provide complete photovoltaic solar solutions for 104 hospitals in Zimbabwe. Eltek will provide full delivery, installation, service and monitoring of the solar systems which use Eltek's breakthrough Rectiverter technology as a key component. The Rectiverter combines the functions of a rectifier and an inver ... more
Saudi Arabia takes low-carbon energy approach

100 percent renewable energy sources require overcapacity

France issues first 'green bonds' with record 7 bln euro sale



Prysmian UK to supply land cable connections for East Anglia ONE offshore wind farm
Prysmian Group, world leader in the energy and telecom cable systems industry, has secured a Pounds 27 million contract with East Anglia One Limited to supply and install the land cable connection for the East Anglia ONE offshore wind farm. Comprising of 102 turbines, the Pounds 2.5 billion wind farm will generate sufficient electricity to power 500,000 homes. The contract involves the ... more
Largest US offshore wind farm gets green light

Russia's nuclear giant pushes into wind energy

The power of wind energy and how to use it

France takes key step towards closing ageing nuclear plant
France on Tuesday took a key step towards shutting down its oldest nuclear power station, a campaign promise of Socialist President Francois Hollande, just months before he leaves office. The board of state-owned electricity utility EDF approved a compensation package worth at least 400 million euros ($430 million) for the shutdown of the Fessenheim nuclear plant, a source close to the matte ... more
International partnerships vital for UK nuclear energy

New technique could lead to safer, more efficient uranium extraction

Georges Besse II plant reaches full enrichment capacity

Daily Newsletters - Space - Military - Environment - Energy

Land-use change possibly produces more carbon dioxide than assumed so far
CO2 emissions caused by changes of land use may possibly be higher than assumed so far. This is the outcome of a study made by the team of Professor Almut Arneth of the Karlsruhe Institute of Technology (KIT). The work presented in Nature Geoscience for the first time considers processes, such as slash-and-burn agriculture or different ways of managing forests and cropland. The results also impl ... more
17 million face hunger in Horn of Africa due to drought

The ancient Indus civilization's adaptation to climate change

Role of terrestrial biosphere in counteracting climate change may have been underestimated

German prosecutors say probing former VW CEO for fraud
German prosecutors said Friday they were investigating Volkswagen's former chief executive Martin Winterkorn on suspicion of fraud over the "dieselgate" emissions cheating scandal, dealing a blow to the auto giant's attempts to move on from the crisis. Investigators say they have "sufficient indications" that Winterkorn may have known earlier than he has so far admitted about the cheating, a ... more
Daimler to supply self-driving cars for Uber

Paris experiments with driverless buses

Society set for head-on collision with driverless cars



Iraq PM says US ban punishes those 'fighting terrorism'
Iraq's Prime Minister Haider al-Abadi said on Tuesday that President Donald Trump's decision to ban Iraqis from travelling to the United States punishes those who are "fighting terrorism". Trump signed an executive order barring citizens of Iraq and six other Muslim-majority countries from entering the US for at least 90 days, a move he billed as an effort to make America safe from "radical ... more
Trump's travel ban blocks Iraqi family's move to US

Iraq calls on US to review 'wrong' travel ban

Jihadist rule in Mosul sparked backlash against religion

Charles Stark Draper Lab tapped for Trident guidance system production
The U.S. Navy has awarded Charles Stark Draper Laboratory with a $53 million contract for Trident D5 MK 6 guidance system production. Under the contract, the company will perform several services for the submarine-launched ballistic missile including failure verification, testing, repairs, recertification of inertial measurement units electronic assemblies, and electronic modules. ... more
US, S. Korea to 'strengthen' defenses against N. Korea

Iran warns US against creating tensions over missiles

US raises alarm at UN over Iran missile test

Daily Newsletters - Space - Military - Environment - Energy

China sentences former senior official to life term for graft
A Chinese court Monday sentenced a former top official to life in prison for corruption involving millions of dollars, the latest high-profile conviction in President Xi Jinping's crackdown on graft. Su Rong, 66, was a vice chairman of the Chinese People's Political Consultative Conference (CPPCC), a discussion body that is part of the Communist Party-controlled government structure. He ... more
Hong Kong leadership favourite testifies in corruption trial

Trump to ruffle feathers in Year of the Rooster

2016 baby bump after China relaxes one-child rule

Shabaab attacks Kenya army base in Somalia
Islamist Shabaab fighters attacked a Kenyan military base in southern Somalia on Friday in the second assault by the Al-Qaeda linked group this week. The attack on the Kenya Defence Forces (KDF) base at Kolbiyow, close to the Kenyan border in Somalia's Lower Juba region, began with suicide truck bombers blasting their way into the camp, followed by militants attacking from different directio ... more
Weapons seized from Gambia ex-leader's home: general

14 members of pro-govt militia killed in Mali attack

The 5 previous West African military interventions



KAI taps Texstars to develop KF-X fighter transparencies
U.S. aerospace contractor Texstars has been selected by Korea Aerospace Industries to develop canopy and windshield transparencies for the KF-X fighter. Under the contract with the South Korea-based aerospace developer, Texstars will work alongside the company to provide bird-strike resistant transparencies for the developing aircraft. In a statement announcing the contract award ... more
Saudi Arabia unveils next-generation F-15 warplane

Pentagon chief orders review of F-35 fighter program

State Dept. approves $525 million aerostat sale to Saudi Arabia

Japan posts first annual trade surplus since Fukushima
Japan on Wednesday reported its first annual trade surplus since the 2011 Fukushima nuclear disaster sent the country's energy import bills soaring. The government trade data showed imports in 2016 fell nearly 16 percent, mainly due to the falling cost of crude oil and liquified natural gas. That left Japan with a 4.07 trillion yen ($35.8 billion) annual trade surplus last year, the firs ... more
Tech firms unite to challenge Trump on immigration

An uneasy Silicon Valley denounces Trump immigration ban

Trump economic advisor bashes Germany on currency: report

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

Philippines' Duterte wants China sea patrols to stop kidnappings
President Rodrigo Duterte said Tuesday he has asked China to send sea patrols to help stop Islamic militants abducting sailors and attacking vessels off the southern Philippines. Duterte said he would like Beijing to dispatch a fleet like it did in 2009 when it sent a naval convoy to the Gulf of Aden to protect Chinese ships from Somali pirates. "I also asked China if they can patrol the ... more
In one week, Trump shakes up Washington and the world

NATO, Trump both want dialogue with Russia: Stoltenberg

Greek, Turkish warships in brief faceoff near Greek islets



Toxic mercury in aquatic life could spike with greater land runoff
A highly toxic form of mercury could jump by 300 to 600 percent in zooplankton - tiny animals at the base of the marine food chain - if land runoff increases by 15 to 30 percent, according to a new study. And such an increase is possible due to climate change, according to the pioneering study by Rutgers University and other scientists published in Science Advances. "With climate change, w ... more
Increasing factory and auto emissions disrupt natural cycle in East China Sea

Synthetic chemicals: Ignored agents of global change

How India's 'Garden City' became garbage city

Leidos receives CBRNE simulation task order
Leidos has received a task order to provide modeling and simulation support for the U.S. Defense Threat Reduction Agency. Under the contract, which contains two options with the potential to raise its value to $17 million, the company will provide simulation services for assessing chemical, biological, radiological, nuclear and explosive threats, or CBRNE. The task order was awar ... more
Hollande urges Trump to 'respect' principle of accepting refugees

Climate change drove population decline in New World before Europeans arrived

Rich? Scared about the Trumpocalypse? Try New Zealand



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