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Iran thumbs nose at Washington on oil![]() Tehran (UPI) Feb 3, 2017 Iran is still able to get its crude oil to the international market and increase production despite souring U.S. relations, an Iranian official said Friday. The White House is expected to hit Iran with new sanctions in response to a recent missile test after putting Tehran "on notice" earlier this week. Iran secured relief from some Western sanctions in early 2016 after the United Nations confirmed compliance with a multilateral deal that scaled back Tehran's nuclear research program. Al ... read more |
Oil spill threatens India's nesting turtles/> Hundreds of students and fishermen were working Friday to clean up an oil spill on India's southern coast that campaigners say threatens the turtles that nest there every year. The Indian Co ... more
Russia keeps key rate unchangedAn expectation of slow growth despite better-than-expected recovery on the bank of an oil price rebound in 2016 means stable rates, Russia's Central Bank said. ... more
SocGen: U.S. oil market a bit bearish; Iran tensions lift prices slightlyThe U.S. crude oil market is turning bearish as stockpiles build up in response to rising imports, a review of data from Societe Generale said. ... more
Audit leaves Johan Svedrup estimate unchangedThough it remains one of the larger prospects in the North Sea, appraisal data of the Johan Sverdrup field yielded no change in reserve estimates, Oslo said. ... more |
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Vitol claims first for gas offshore GhanaThe christening of a floating production platform in Ghana could mark the dawn of a new era from its natural resource economy, energy company Vitol said. ... more
Oil price ceiling may be approachingA ceiling may be fast approaching for crude oil prices as U.S. supply pressures re-emerge in response to rising production, analysis find. ... more
More corruption concerns emerge for U.S. energy sectorFurther concerns about possible corruption in the U.S. energy sector emerged after the Republican-led House moved to axe disclosure rules. ... more
Russia could move quicker on oil production declinesRussia could move quicker than expected on trimming oil production under the terms of an OPEC-led agreement, the country's energy minister said Thursday. ... more
Early rally in oil fizzles on Libyan reboundGeopolitical tensions in the Persian Gulf offered support to crude oil prices early Thursday, though renewed work in Libya could undermine the rally. ... more
Weatherford says its strategy is paying offAn unbending commitment to improving finances after spending in oil and gas exploration and production declined will pay off, Weatherford International said. ... more |
![]() Easement imminent for final leg of Dakota Access pipeline
Oil production responsible for more methane, ethane emissionsThe amount of methane and ethane emitted by the oil and gas industry in recent decades has been underestimated. ... more
A tale of two shales in TexasThe Permian shale oil basin in the southern United States is among the few to show gains even during the market downturn, a federal report finds. ... more
Market factors give boost to oil pricesCrude oil prices rallied again on signs of compliance with a managed decline deal, though emerging market factors may drag on the rally. ... more
Iraqi oil player may be facing headwindsIraqi oil player Gulf Keystone Petroleum said it was planning further investments this year, but still facing commercial pressures. ... more |

Scientists have long known of the potential of microalgae to aid in the production of biofuels and other valuable chemicals. However, the difficulty and significant cost of growing microalgae have in some ways stalled further development of this promising technology. Bendy Estime, a biomedical and chemical engineering Ph.D. candidate, has devoted his research to this area, and developed a new te ... more Cathay Pacific to cut emissions with switch to biofuel DuPont Industrial Biosciences to develop new high-efficiency biogas enzyme method Populus dataset holds promise for biofuels, materials, metabolites |
You've seen Bear Grylls turn foul water into drinking water with little more than sunlight and plastic. Now, academics have added a third element - carbon-dipped paper - that may turn this survival tactic into a highly efficient and inexpensive way to turn saltwater and contaminated water into potable water for personal use.
The idea, which could help address global drinking water shortage ... more NRDC: States should lead low-carbon economy Storing solar power increases energy consumption and emissions Renewables can't deliver Paris climate goals: study |
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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 Russia's nuclear giant pushes into wind energy The power of wind energy and how to use it Largest US offshore wind farm gets green light |
Japan's Toshiba is set to dramatically reduce its nuclear operations and stop building new atomic power plants after suffering billion of dollars of losses on US projects, a report said.
The engineering conglomerate, a once proud pillar of corporate Japan, is undergoing major restructuring after an accounting scandal and huge losses in its nuclear business.
The company now intends to ann ... more France's Areva picks up Japanese investors Canada uranium supplier, Fukushima operator in contract fight Russia 'ready' to entirely fund Hungary nuclear plant |
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The European Union is taking the lead in the transition to a low-carbon era by meeting many of its stated goals, commissioners said Wednesday.
In a report on its progress toward a low-carbon economy, the European Union said it was well on its way to meeting its climate and energy targets for 2020.
"Despite the current geopolitical uncertainties, Europe is forging ahead with the c ... more Land-use change possibly produces more carbon dioxide than assumed so far The ancient Indus civilization's adaptation to climate change Role of biosphere counteracting climate change may be underestimated |
China's JAC Motors and a Mexican firm are teaming up to invest $212 million in a plant to produce sport-utility vehicles in central Mexico, officials said Wednesday amid trade tensions with the United States.
The deal will expand the capacity of a plant owned by the Mexican company, Giant Motors Latinoamerica, in Ciudad Sahagun, central Hidalgo state.
Giant Motors director Elias Massri s ... more Pedal power revival as bike-share apps race for glory Dieselgate drags on for VW and Bosch with new payouts |
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Cash-strapped jihadists punching holes in people's homes to move across west Mosul undetected are now asking victims to pay for the labour, several residents said Sunday.
The fee is a modest 7,000 Iraqi dinars (around five US dollars) but adds insult to injury, said residents of Mosul's west bank, where the Islamic State group is digging in for a planned offensive by the Iraqi security force ... more NATO starts anti-IS bomb training in Iraq Iraq faces massive challenge in Mosul offensive: UN envoy Iraq family turned back by US says cleared for entry |
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Any nuclear attack by North Korea would trigger an "effective and overwhelming" response, US Defence Secretary James Mattis said Friday as he sought to reassure Asian allies rattled by President Donald Trump's isolationist rhetoric.
Mattis spoke in the South Korean capital of Seoul on the first overseas tour by a senior Trump administration official as concerns rise about the direction o ... more Defiant Iran in missile exercise day after US sanctions Trump slaps sanctions on Iran as tension mounts VP Pence warns Iran against testing Trump's resolve |
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The mystery over the reported abduction from Hong Kong of a Chinese billionaire deepened Wednesday after a newspaper advert appeared in his name pledging loyalty to China, in a case that has heightened fears over Beijing's meddling.
The whereabouts of financier Xiao Jianhua - one of China's richest men - are unclear after reports in overseas Chinese-language media that he was taken from Ho ... more Exile, jail, abduction: the hazardous lives of China's rich Missing Chinese billionaire targeted over stocks crash: report Hong Kong leadership favourite testifies in corruption trial |
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The broad plains of Mugie, a huge estate on a high plateau northwest of Mount Kenya, are crisscrossed with cattle trails and the wildlife is mostly gone.
The knee-high grass remains, but not for long, reckons manager Josh Perrett.
Tensions between semi-nomadic pastoralists and settled landowners are nothing new, nor is competition between livestock and wildlife, but in Kenya's centr ... more Weapons seized from Gambia ex-leader's home: general Shabaab attacks Kenya army base in Somalia 14 members of pro-govt militia killed in Mali attack |
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Lockheed Martin and the Pentagon on Friday said the next batch of F-35 stealth fighters, the most expensive planes in history, will be produced at a reduced cost.
They announced $728 million in savings after President Donald Trump publically upbraided Lockheed over "out of control" costs, although most of the savings were already planned ahead of his involvement, during a months-long contrac ... more Boeing receives $2.1 billion contract mod for KC-46 production Myanmar in talks to license-build JF-17 fighter U.S. Air Force completes Talon trainer modifications |
It is a utopian idea, literally, but is enjoying a renaissance as politicians and policy wonks grapple with technology-driven changes that could redefine our very understanding of work.
If robots and machine intelligence threaten to render many white-collar jobs obsolete, then what will people do for money?
Enter the concept of a "universal basic income", a flat sum paid to all regardle ... more Chinese FM to visit Australia in wake of Trump tiff India's techies fear US crackdown on high-skilled visas China factory activity stabilises in January |
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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 warned the US Saturday it was risking instability in Asia after President Donald Trump's new defence secretary vowed to back Japan in any military clash with Beijing over a disputed island chain.
The Senkaku Islands, known in China as the Diaoyus, are at the centre of a festering row between Tokyo and Beijing, which claims they have been part of Chinese territory for centuries.
Wra ... more Tensions flare between uneasy allies Greece and Turkey NATO 'very closely' watching Russian influence in Balkans Ukraine leader says will hold referendum on joining NATO |
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The Philippine environment minister's move to close some two dozen mines sparked concern Sunday among two of her colleagues, who said it could hit the economy and employment.
The mining industry - accused of illegal tree felling and polluting rivers - has also questioned the order of Environment Secretary Gina Lopez.
The Philippines is the world's top supplier of nickel ore and the mai ... more Philippines closes 23 mines over damage to environment Increasing factory and auto emissions disrupt natural cycle in East China Sea Toxic mercury in aquatic life could spike with greater land runoff |
If you ask yourself what the biggest threat to human existence is you'd probably think of nuclear war, global warming or a large-scale pandemic disease. But assuming we can overcome such challenges, are we really safe? Living on our blue little planet seems safe until you are aware of what lurks in space. The following cosmic disasters are just a few ways humanity could be severely endangered or ... more Climate change drove population decline in New World before Europeans arrived Radiation level in Fukushima plant at record high Leidos receives CBRNE simulation task order |
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