Oil News and Gas News
February 23, 2017
OIL AND GAS
Study finds 6,600 spills from fracking in just four states



Durham NC (SPX) Feb 22, 2017
Each year, 2 to 16 percent of hydraulically fractured oil and gas wells spill hydrocarbons, chemical-laden water, hydraulic fracturing fluids and other substances, according to a new study. The analysis, which appears Feb. 21 in Environmental Science and Technology, identified 6,648 spills reported across Colorado, New Mexico, North Dakota and Pennsylvania during a 10-year period. "This study provides important insights into the frequency, volume, and cause of spills," said Lauren Patterson, polic ... read more

OIL AND GAS
Report: Rosneft builds Middle East portfolio with Kurdish deal
Russian oil company Rosneft continued building its Middle East portfolio by signing an agreement with the Kurdish government of Iraq, media reports said. ... more
OIL AND GAS
Texas energy leader touts strength
The Texas oil and gas industry is job-creating and economic machine, contributing more than $20 million a day in revenue, an industry body said. ... more
OIL AND GAS
U.S. shale company Whiting expecting more production
More than $1 billion in spending will go to developing U.S. shale basins where production is on pace to increase this year, Whiting Petroleum said. ... more
OIL AND GAS
Oil prices move lower after testing new water
Crude oil prices moved lower early Wednesday after running into a wall in the midst of the euphoria surrounding OPEC's latest rhetoric. ... more
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OIL AND GAS
Under deadline pressure, Dakota pipeline protesters leave camp
After nearly a year of occupying North Dakota prairie land to block the route of a controversial oil pipeline, many of the camp's holdouts finally marched out Wednesday to meet an evacuation deadline. ... more
OIL AND GAS
Labor force shrank in energy-rich Norway
The government of Norway, one of Europe's top oil and gas producers, reported that the size of its labor force in the waning months of 2016 declined. ... more
OIL AND GAS
U.S. gas prices holding steady
Weak consumer demand is offsetting volatility with oil prices and leaving retail gasoline markets relatively unchanged in the United States, analysis finds. ... more
OIL AND GAS
US-led coalition expects to stay in Iraq after Mosul
The commander of the US-led coalition fighting the Islamic State group said Monday he expected its forces would be allowed to stay in Iraq after Mosul is recaptured. ... more
OIL AND GAS
BHP Billiton confident about oil prices
As his company returns to profit, the head of Australian company BHP Billiton said he was confident about the long-term outlook for oil prices in particular. ... more
OIL AND GAS
Oilfield services company Wood Group sees rough road
Even though financial performance was as expected, oilfield services company Wood Group said it expected only a few market bright spots for 2017. ... more


Libya signs deal with Russia's Rosneft

OIL AND GAS
OPEC talk sends oil prices sharply higher
Crude oil prices were boosted substantially early Tuesday by OPEC comments that a stable price point for oil has yet to be reached. ... more
OIL AND GAS
Norway's oil production lower than expected
Preliminary oil production figures for Norway show a daily average of about 1.6 million barrels per day, which the government said was lower than expected. ... more
OIL AND GAS
China's oil giant CNPC signs $1.77 bn Abu Dhabi deal
The China National Petroleum Corporation on Sunday secured an eight-percent share in an onshore oil concession in Abu Dhabi in a deal worth $1.77 billion, the Emirati company said. ... more
OIL AND GAS
Shell sees LNG sector rising
The demand for liquefied natural gas, a super-cooled and easily transported energy option, is set to outpace conventional gas, Royal Dutch Shell said. ... more

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Alberta backing bioenergy programs
The provincial government of Alberta said it was creating new jobs by offering funding to support bioenergy and a low-carbon future. The government said it was offering up to $45 million to support a bioenergy producer program aimed at deriving fuels from crops and livestock waste. The industry already powers the equivalent of 200,000 average households in Alberta and contributes ... more
A better way to farm algae

DuPont Industrial Biosciences to develop new high-efficiency biogas enzyme method

Cathay Pacific to cut emissions with switch to biofuel

Printable solar cells just got a little closer
A U of T Engineering innovation could make printing solar cells as easy and inexpensive as printing a newspaper. Dr. Hairen Tan and his team have cleared a critical manufacturing hurdle in the development of a relatively new class of solar devices called perovskite solar cells. This alternative solar technology could lead to low-cost, printable solar panels capable of turning nearly any surface ... more
Dream of energy-collecting windows is one step closer to reality

U.S. renewables a job engine, trade groups say

Trina Solar modules eligible for calls for tenders in France



US grid can handle more offshore wind power
Injecting large amounts of offshore wind power into the U.S. electrical grid is manageable, will cut electricity costs, and will reduce pollution compared to current fossil fuel sources, according to researchers from the University of Delaware and Princeton University who have completed a first-of-its-kind simulation with the electric power industry. The researchers consulted with PJM Inte ... more
Michigan meets renewable energy targets

British grid drawing power from new offshore wind farm

Prysmian UK to supply land cable connections for East Anglia ONE offshore wind farm

System automatically detects cracks in nuclear power plants
A new automated system detects cracks in the steel components of nuclear power plants and has been shown to be more accurate than other automated systems. "Periodic inspection of the components of nuclear power plants is important to avoid accidents and ensure safe operation," said Mohammad R. Jahanshahi, an assistant professor in Purdue University's Lyles School of Civil Engineering. "How ... more
China delays nuclear reactor start again

German energy giant RWE posts 5.7-bln-euro loss in 2016

Slovenian nuclear plant restarts after shutdown

Daily Newsletters - Space - Military - Environment - Energy

Warming ponds could accelerate climate change
Rising temperatures could accelerate climate change by reducing the amount of carbon dioxide stored in ponds and increasing the methane they release, new research shows. The scientists experimentally warmed an array of ponds over seven years by 4-5+ C and studied the impacts on greenhouse gas emissions and rates of metabolism. Changes observed after the first year became "amplified" over a ... more
Brazil's poorest region suffers worst drought in a century

Climate study delivers dire warning on Alpine snow

Gas hydrate breakdown unlikely to cause massive greenhouse gas release

Roads are driving rapid evolutionary change in our environment
Roads are causing rapid evolutionary change in wild populations of plants and animals according to a Concepts and Questions paper published in Frontiers in Ecology and the Environment. The paper is available now online in 'early view' ahead of being featured on the cover in the print edition on March 1. (A pdf of the paper is also available here). Said to be the largest human artifact on t ... more
Tesla slips back into red but revenue grows

Four-stroke engine cycle produces hydrogen from methane and captures CO2

NTU Singapore invents ultrafast camera for self-driving vehicles and drones



Iraq forces press assault on IS south of Mosul
Iraqi forces consolidated positions Tuesday after blasting their way to the southern edge of Mosul in an assault Baghdad and its partners hope will spell the doom of the jihadist "caliphate". They were upbeat on the third day of a rekindled offensive in the operation which was launched on October 17 to retake Iraq's second city, the Islamic State group's last major stronghold in the country. ... more
Iraq forces battle IS to close in on Mosul's west bank

US forces have come under fire in Mosul fight: official

Iraq forces poised for Mosul airport assault

N. Korea more isolated than ever after Malaysia killing
North Korea had few friends even before the assassination of the leader's half-brother at a Kuala Lumpur airport last week, but the fallout from the killing looks set to further isolate the nuclear-armed state. Pyongyang and Kuala Lumpur have enjoyed relatively warm economic ties, with some bilateral trade and citizens from both countries entitled to travel to the other under a unique recipr ... more
China move puts onus on US in N. Korea impasse: experts

No major impact from China coal ban, says N.Korea official

Iran in new military drills despite US warnings

Daily Newsletters - Space - Military - Environment - Energy

Over 30,000 gather to support jailed Hong Kong cops: reports
More than 30,000 people gathered in Hong Kong Wednesday to show their support for seven police officers who were sentenced to two years in jail for beating up a pro-democracy activist in 2014, reports said. Television news footage showed long queues leading up to the packed football pitch of the Police Sports and Recreational Club in Kowloon, with off-duty and retired members of the force ma ... more
China jails safety boss who was sacked over huge blast

China selfie-app leader seeks to 'beautify the world'

Film depicts crackdown on China labour advocates

A tonne of ivory, hacked into pieces, seized in Uganda
Ugandan authorities have seized more than a tonne of ivory, chopped into small pieces and treated with a chemical intended to prevent it being detected, the national wildlife protection service said Monday. The haul was made in a Kampala suburb on Saturday, before it could be loaded at Entebbe international airport and flown off to an unknown destination, the authorities said. A Liberian ... more
I.Coast hosting bid to save its last chimpanzees

Civilians in the crossfire of Boko Haram and the military

DR Congo investigating alleged army massacre video



Russian Helicopters in talks with India for 200 aircraft
Russian Helicopters is in talks with the government of India for the potential sale of 200 helicopters to support various security roles. Representatives for the state-owned defense enterprise say both parties are finalizing the terms of the contract. Under the current draft, 140 of the rotorcraft will be built in India. The remaining 60 will be supplied by the company's existing facili ... more
NATO countries to join multinational aerial tanker initiative

India, Russia close in on chopper deal: report

Czech Republic, Switzerland eye A400M lease from Germany

China's huge debt poses big headache for central bank
Chinese banks lent more money in January alone than the annual GDP of South Africa, as borrowers rushed to take advantage of government policies intended to stimulate the economy with easy credit. But the free-for-all has had unintended consequences, creating a tottering tower of unsustainable debt, with Beijing now trying to tighten monetary policy and reduce access to credit without bringi ... more
HSBC profits plunge as bank navigates political storms

China outbound investment plunges under new curbs

Trump trade strategy 'doomed to failure:' US trade expert

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

Germany to boost troops as US urges more defence spending
Germany will increase its military to nearly 200,000 troops over the next seven years, the defence ministry said Tuesday, a day after US Vice President Mike Pence urged European allies to boost their defence spending. Berlin had already announced last May its first increase in troop count since the Cold War, but the ministry said it was further revising numbers upwards. The Bundeswehr is ... more
Poland ousts 90 percent of top brass in defence overhaul

Pence reassures Europe, demands NATO funds

Trump security advisor McMaster: tank battle hero of the Gulf War



Ex-yoga missionary unleashes rage on Philippine miners
After two decades as a yoga missionary, Philippine Environment Secretary Regina Lopez is unleashing her inner rage on the mining industry while aiming for Bhutan-style gross national happiness. Lopez has in recent months moved global commodity markets with a campaign to close roughly two-thirds of the existing mines in the Philippines, which is the world's biggest supplier of nickel ore and ... more
Vietnam to punish officials over mass fish deaths

Underwater seagrass beds dial back polluted seawater

Tiny plastic particles from clothing, tyres clogging oceans: report

Civilians trickle towards Iraq forces in new Mosul assault
On the edge of the village of Al-Buseif, captured overnight from the Islamic State group by Iraqi forces advancing on western Mosul, a federal policeman signalled to fleeing civilians. The small group of villagers, some carrying makeshift white flags, walked slowly along a dirt road in the valley below, metres (yards) from the western bank of the Tigris river. They were the first civilia ... more
'Anybody could be a refugee': Ai Weiwei films global crisis

Brazilian troops withdraw from Rio ahead of carnival

DR Congo snubs calls for inquiry of massacre video



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