Oil News and Gas News
March 01, 2017
OIL AND GAS
New offshore contract for struggling Subsea 7



London (UPI) Feb 28, 2017
Subsea 7, a company offering service support for oil and gas field development, said it landed a contract of at least $50 million for offshore Australia. The company, which has its headquarters in the United Kindgom, announced a contract from Cooper Energy Ltd. that was valued at between $50 million and $150 million to help develop the Sole gas field off the coast of Victoria. Andy Woolgar, a managing director for the region for Subsea 7, said the contract shows his company's competence ... read more

OIL AND GAS
Gas prices steady before seasonal spike
Washington (UPI) Feb 28, 2017
U.S. retail gasoline prices are following oil markets by staying more or less even, but that will change mid-March with a new blend of gas, analysis finds. ... more
OIL AND GAS
Conditions right for U.S. oil exports
Houston (UPI) Feb 28, 2017
A global market looking to balance OPEC output declines and an expected increase in U.S. pipeline capacity could make oil exports attractive, analysis finds. ... more
OIL AND GAS
U.S. oil stocks, fourth quarter GDP weigh on oil prices
New York (UPI) Feb 28, 2017
Expectations of a build in U.S. crude oil inventories on the back of rising output pushed crude oil prices lower in early Tuesday trading. ... more
OIL AND GAS
Rig company Seadrill teeters on the brink
Oslo, Norway (UPI) Feb 28, 2017
Rig company Seadrill Ltd., based in Norway, said it was looking at restructuring options after noting it didn't expect improvements in lease rates this year. ... more
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OIL AND GAS
WSU research advances energy savings for oil, gas industries
Pullman WA (SPX) Feb 28, 2017
A Washington State University research team has improved an important catalytic reaction commonly used in the oil and gas industries. The innovation could lead to dramatic energy savings and reduced ... more
OIL AND GAS
Total sells off assets in Gabon for $350 million
Paris (UPI) Feb 27, 2017
French energy major Total said Monday it was unloading some of its mature assets in emerging West Africa to take advantage of market conditions. ... more
OIL AND GAS
Russia sees U.S. oil production as a lid on oil prices
London (UPI) Feb 27, 2017
Gains in oil production from the United States should establish a ceiling over crude oil prices on the global market, the head of Russia's Lukoil said Monday. ... more
OIL AND GAS
OPEC chatter again sparks a rally
New York (UPI) Feb 27, 2017
Investors on Monday focused more on OPEC possibilities than real-time trends elsewhere to send crude oil prices sharply higher in early trading. ... more
OIL AND GAS
Wages improve in Norway's energy sector
Oslo, Norway (UPI) Feb 27, 2017
Preliminary data for the fourth quarter show wages in the oil, gas and mining sectors of the Norwegian economy increased, the government reported. ... more
OIL AND GAS
Iran, Russia review new oil arrangement
Moscow (UPI) Feb 27, 2017
Amendments to a 2014 proposal to swap oil for goods calls for the purchase of 100,000 barrels of oil per day from Iran, Russia's government said Monday. ... more


Exxon extends life of Norwegian gas field

OIL AND GAS
Oil giant taps China's vast geothermal reserves
Baoding, China (AFP) Feb 26, 2017
Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But that was precisely the point: instead of black gold, the almost mile deep holes are providing clean heat for local homes. ... more
OIL AND GAS
OPEC: We're at 86 percent compliance to cuts
Vienna (UPI) Feb 24, 2017
Parties to an agreement to limit crude oil production starting in January were 86 percent in line with commitments, a joint OPEC, non-OPEC group said. ... more
OIL AND GAS
New oil, gas discovery confirmed in Barents Sea
Stavanger, Norway (UPI) Feb 24, 2017
A Norwegian energy regulator confirmed a new oil and natural gas discovery was made in the Barents Sea by a subsidiary of Lundin Petroleum. ... more
OIL AND GAS
Saudi FM in first visit to Iraq since 2003
Baghdad (AFP) Feb 25, 2017
Saudi Foreign Minister Adel al-Jubeir held talks in Baghdad with Iraq's leadership Saturday, the first such visit by a chief diplomat from the kingdom since 2003. ... more

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Scientists use nanoparticles, ultraviolet light to turn CO2 into fuel
Durham, N.C. (UPI) Feb 23, 2017
Scientists at Duke University have developed a new method for catalyzing the conversion of carbon dioxide into methane, a component of many alternative fuels. The reaction is bolstered by the presence of rhodium nanoparticles and ultraviolet light. Rhodium is known to accelerate, or catalyze, a variety of reactions used for industrial processes, but the energy boost offered by the rare ... more
Durham NC (SPX) Feb 28, 2017
Light-driven reaction converts carbon dioxide into fuel
Tokyo, Japan (SPX) Mar 01, 2017
Biofuel produced by microalgae
Edmonton, Alberta (UPI) Feb 10, 2017
Alberta backing bioenergy programs
SOVENTIX developing solar parks of up to 140 megawatts in Alberta, Canada
Toronto, Canada (SPX) Mar 01, 2017
SOVENTIX Canada Inc. has commenced the development of several solar projects with a capacity of up to 140 megawatts (MWp) in Alberta, Canada. The six projects with a potential nameplate capacity from 15 to 45 MWp are located near Calgary and Edmonton. Building on Soventix Canada's success in the Ontario, the current projects will further drive the expansion of SOVENTIX in the Canadian solar mark ... more
Bangkok, Thailand (SPX) Feb 24, 2017
Prime Road and First Solar complete 18MW of Thai solar farms
Edmonton, Alberta (UPI) Feb 28, 2017
Alberta puts more weight behind solar power
London, UK (SPX) Feb 28, 2017
Lightsource Renewable Energy acquires residential portfolio


Breakthrough research for testing and arranging vertical axis wind turbines
Washington DC (SPX) Mar 01, 2017
The sight of propeller-like rotating blades positioned high up the pole of a tall horizontal-axis wind turbine (HAWT) may be familiar to many. Often grouped in wind farms, HAWTs provide significant amounts of energy for local communities. One drawback to HAWTs is the large space they take up, needing to be placed far apart from each other. If placed too close together, the turbulence and wind ve ... more
Newark DE (SPX) Feb 22, 2017
US grid can handle more offshore wind power
Lansing, Mich. (UPI) Feb 16, 2017
Michigan meets renewable energy targets
Stavanger, Norway (UPI) Feb 9, 2017
British grid drawing power from new offshore wind farm
Iran requests 950 tonnes of uranium from Kazakhstan
Tehran (AFP) Feb 25, 2017
Iran's nuclear chief said Saturday that the country had requested to buy 950 tonnes of uranium concentrate from Kazakhstan over the next three years to help develop its civil reactor programme. The request has been made to the body that oversees the nuclear deal signed between Iran and world powers in 2015. Ali Akbar Salehi, head of Iran's Atomic Energy Organisation, told the ISNA news ... more
Pullman WA (SPX) Feb 28, 2017
Researchers find new clues for nuclear waste cleanup
Manchester UK (SPX) Feb 28, 2017
Next generation of nuclear robots will go where none have gone before
Frankfurt Am Main (AFP) Feb 22, 2017
German energy giant RWE posts 5.7-bln-euro loss in 2016
Daily Newsletters - Space - Military - Environment - Energy

Just how early is spring arriving in your neighborhood
Washington DC (SPX) Feb 28, 2017
Even Punxsutawaney Phil can't be blamed for being baffled this year and hightailing it back to his burrow. He predicted six more weeks of winter on Feb 2, but by then spring was already springing well ahead of historical norms in much of the USA. While we've known for a over a decade now that climate change is variably advancing the onset of spring across the United States, a new set of ma ... more
Mogadishu (AFP) Feb 28, 2017
Somali president declares 'national disaster' over drought
Exeter, UK (SPX) Feb 22, 2017
Warming ponds could accelerate climate change
Quixeramobim, Brazil (AFP) Feb 21, 2017
Brazil's poorest region suffers worst drought in a century
Kymeta aimes to deliver terabyte connectivity to the car of the future
Redmond WA (SPX) Feb 24, 2017
Kymeta, has announced that its 20 cm mTenna satellite antenna subsystem module (ASM) for the consumer connected car industry, successfully connected to the Intelsat satellite constellation. This successful test continues Kymeta's progress toward bringing high throughput, secure mobile connectivity to the automotive industry and follows the partnership announced with Toyota Motor Corporation at t ... more
San Francisco (AFP) Feb 23, 2017
Tesla slips back into red but revenue grows
Hanover NH (SPX) Feb 17, 2017
Roads are driving rapid evolutionary change in our environment
Atlanta GA (SPX) Feb 17, 2017
Four-stroke engine cycle produces hydrogen from methane and captures CO2


To secure Mosul, Iraq army makes desert push with US help
Talul Al-Atshana, Iraq (AFP) Feb 28, 2017
Much of the fighting for west Mosul will be at close quarters, but Iraq's battle against the Islamic State group is also being waged in the open desert. On a dusty ridge west of Iraq's second city, the army's 9th Division is advancing through exposed territory in a push to sever the road between west Mosul and the IS-held town of Tal Afar. The main route from Tal Afar to IS-held territor ... more
South Of Mosul, Iraq (AFP) Feb 28, 2017
Iraqi civilians flee fighting, privation in west Mosul
South Of Mosul, Iraq (AFP) Feb 27, 2017
Iraq forces reach key Mosul bridge
Mosul, Iraq (AFP) Feb 26, 2017
Iraq forces in west Mosul aim for key bridge
Lockheed Martin to relocate Fleet Ballistic Missile program
Sunnyvale, CA. (UPI) Feb 24, 2017
Lockheed Martin plans to relocate its Fleet Ballistic Missile program in a move the company says will cut costs for its customers. The move will take place over the course of eight years. Approximately 650 positions from Lockheed Martin's Space Systems facility in Sunnyvale, Calif., will relocate to other company facilities in Florida and Colorado. "We value the deep expertise of ... more
Washington (UPI) Feb 27, 2017
U.S. Navy places Trident II guidance system production order
Seoul (AFP) Feb 24, 2017
N. Korea has large chemical weapons stockpile: Seoul
Vienna (AFP) Feb 24, 2017
Iran complying with nuclear deal, says UN watchdog
Daily Newsletters - Space - Military - Environment - Energy

Activists gatecrash meeting of Hong Kong leadership hopeful
Hong Kong (AFP) Feb 27, 2017
Pro-democracy protesters Monday gatecrashed a press conference by Hong Kong leadership hopeful Carrie Lam, displaying banners criticising a "rigged election" as the woman seen as China's favourite unveiled her policy. Around a dozen activists including Joshua Wong, the face of 2014's mass pro-democracy protests, entered the venue minutes before the start and demanded to be allowed to communi ... more
Hong Kong (AFP) Feb 28, 2017
China's favourite wins strong backing in Hong Kong leadership race
Beijing (AFP) Feb 23, 2017
China muzzles feminist group over anti-Trump posts
Shanghai (AFP) Feb 22, 2017
China selfie-app leader seeks to 'beautify the world'
France sends backup to Niger after 16 troops killed
Niamey (AFP) Feb 26, 2017
France is to send a contingent of counterterror forces to help the army in Niger after militants ambushed a military patrol killing 16, the defence ministry said. The decision, announced late Saturday, was taken following a request from President Mahamadou Issoufou after Wednesday's attack near the border with Mali. The deadly ambush, which took place in an area some 200 kilometres (120 ... more
Bangui, CAR (AFP) Feb 26, 2017
UN airstrikes in C.Africa target 'heavily armed' militia
Goma, Dr Congo (AFP) Feb 23, 2017
16 killed in three days of DR Congo clashes
Abidjan (AFP) Feb 22, 2017
I.Coast hosting bid to save its last chimpanzees


NASA-funded balloon recovered a year after flight over Antarctica
Greenbelt MD (SPX) Feb 27, 2017
For 12 days in January 2016, a football-field-sized balloon with a telescope hanging beneath it floated 24 miles above the Antarctic continent, riding the spiraling polar vortex. On Jan. 31, 2016, scientists sent the pre-planned command to cut the balloon - and the telescope parachuted to the ground in the Queen Maud region of Antarctica. The telescope sat on the ice for an entire year. ... more
Moscow (Sputnik) Feb 28, 2017
Russia's future stealth bomber would replace Tu-22, Tu-95 and Tu-160 planes
London (UPI) Feb 28, 2017
Charles Woodburn to take over as BAE Systems CEO
Madrid (AFP) Feb 24, 2017
Madrid invites Airbus CEO to debrief on military plane woes
Global art sales plummet, China biggest market: report
Paris (AFP) Feb 27, 2017
Global art sales plunged in 2016 as the number of high-value works sold dropped by half, while China regained its status as the world's top market, Artprice said in an annual report released Monday. Art auctions worldwide totalled $12.5 billion (11.8 billion euros) last year, down 22 percent from $16.1 billion in 2015, it said. The world's biggest database for art prices and sales, worki ... more
Frankfurt Am Main (AFP) Feb 24, 2017
China overtakes US as Germany's top trade partner
Beijing (AFP) Feb 24, 2017
China selects new chiefs for top economic posts
Milan (AFP) Feb 26, 2017
Xu Zhi star of Chinese fashion boom with Armani nod
Daily Newsletters - Space - Military - Environment - Energy

Property and credit booms stablise China growth
Beijing (AFP) Oct 19, 2016
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
New York (AFP) Oct 14, 2016
China data and US banks propel equities higher
Beijing (AFP) Oct 11, 2016
No debt-for-equity cure for zombie firms, says China
Beijing (AFP) Oct 13, 2016
China's ranks of super-rich rise despite economic slowdown
Wary US and China pledge respect at first Trump-era meet
Washington (AFP) Feb 28, 2017
China's top diplomat wrapped up his first set of meetings in President Donald Trump's Washington on Tuesday satisfied that no breakdown in ties is imminent. The newly elected US president initially caused consternation in Beijing by flirting with Taiwan, calling into question US support for the One China policy and threatening a trade war. But he has since walked back his comments on One ... more
Istanbul (AFP) Feb 28, 2017
Erdogan says paper to pay 'price' over controversial report
Moscow (AFP) Feb 28, 2017
Russia and UK hold high-level military talks in Moscow
Moscow (Sputnik) Feb 28, 2017
Russia wants to form new Collective Security Bloc that replaces NATO


Study finds high levels of toxic chemicals in house cats
Stockholm (UPI) Feb 24, 2017
Your cat is a repository for chemicals in your home. As scientists suspected, tests show harmful chemicals can accumulate in the blood of healthy cats. Researchers measured significantly elevated levels of brominated flame retardants, BFRs, in feline blood samples. BFRs are a class of chemical compounds used to make electronics, clothes and furniture less combustible. Studies have shown ... more
Manila (AFP) Feb 23, 2017
Ex-yoga missionary unleashes rage on Philippine miners
Hanoi (AFP) Feb 22, 2017
Vietnam to punish officials over mass fish deaths
Geneva (AFP) Feb 21, 2017
Tiny plastic particles from clothing, tyres clogging oceans: report
Haitians' ire over carnival spending amid hurricane's ruins
Les Cayes, Haiti (AFP) Feb 27, 2017
Starjuin Regent is still waiting for Haitian government aid to help him rebuild his fishing business, which was destroyed last year by Hurricane Matthew. In the nearly five months since the massive category five storm hit, residents are still struggling to rebuild shattered homes and businesses. All the more reason then, for the ire of Regent and many others here over millions of dollars ... more
Rio De Janeiro (AFP) Feb 24, 2017
Carnival helps Rio put crime, recession on back burner
Chicago (UPI) Feb 24, 2017
Study shows parks, greenways may help reduce crime in Chicago
Ottawa (AFP) Feb 25, 2017
Canada conservationist warns of 'cyber poaching


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