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U.S. oil production keeping oil prices low![]() Washington (UPI) Mar 21, 2017 Crude oil futures started the day slightly improved Tuesday after falling for seven of the last 10 sessions. Prices remained below the $50 per barrel mark, an improvement on January 2016's fall to below $30 per barrel, but well below the $100 per barrel seen 2014. Oil is regarded as a barometer of the global economy, and while stocks have traded up since the start of President Donald Trump's administration, the bump seen in stock prices in other sectors of the economy may not be showing up for ... read more |
Norway reviews offshore platform safety for helicoptersWashington (UPI) Mar 20, 2017 The Spanish energy company Repsol has been called on to address concerns about safety as they relate to an offshore accident tied to transport, a Norwegian regulator said. ... more
Oil-rich Russia revises GDP growth estimate higherWashington (UPI) Mar 20, 2017 As crude oil prices recover from last year's historic decline, the Russian finance minister said the outlook for gains in gross domestic product have improved. ... more
Rig count hangover bruises crude oil pricesWashington (UPI) Mar 20, 2017 Under broader pressure from the so-called Brexit, crude oil prices moved lower early Monday on a hangover from higher U.S. exploration and production work. ... more
Norwegian oil and gas production remained slow in February, report saysWashington (UPI) Mar 21, 2017 Norway produced an average of 2 billion barrels of oil, liquified natural gas and condensate in February - less oil and gas than was produced in January. Production numbers were also less than those posted in February of last year. ... more |
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BP orders construction for new subsea production systemWashington (UPI) Mar 21, 2017 Schlumberger subsidiary OneSubsea has been contracted to provide a subsea production system for BP's Mad Dog 2 project in the Gulf of Mexico. ... more
Johan Sverdrup moves forward with Phase 2 developmentWashington (UPI) Mar 21, 2017 The Johan Sverdrup oil field on Norway's continental shelf will proceed with further development plans, Lundin Petroleum announced on Tuesday. ... more
Iran pulls first oil out of South Pars fieldWashington (UPI) Mar 20, 2017 The production of oil from the South Pars field complex in the Persian Gulf has started for the first time, the Iranian Oil Ministry declared. ... more
Slow, steady economic growth for shale-rich ColoradoWashington (UPI) Mar 20, 2017 The economy for shale-rich Colorado is improving, though a tight labor market and pressure outside the energy sector may be constraining, a budget report finds. ... more
Beijing shuts last coal power plant in switch to natural gasBeijing (AFP) March 19, 2017 The last large coal-fired power plant in Beijing has suspended operations, with the city's electricity now generated by natural gas, the state news agency reported as smog enveloped the Chinese capital this weekend. ... more
Fitch: Azerbaijan's energy company facing mixed pressuresWashington (UPI) Mar 17, 2017 The state energy company of Azerbaijan, a party to OPEC-led balance efforts, beat its peers in terms of revenue, but remains pressured, a ratings agency said. ... more |
![]() Alberta pegs economic hope to Canadian coastal pipeline
Enthusiasm holds to give oil prices another lifeWashington (UPI) Mar 17, 2017 Crude oil prices posted modest gains early Friday as traders saw some optimism in emerging supply data, though exploration figures could weigh on the rally. ... more
Saudi Arabia takes wait-and-see approach to U.S. oilWashington (UPI) Mar 17, 2017 Saudi Arabia's oil minister told Bloomberg News that, as the de facto head of OPEC, a wait-and-see approach was good policy on recovering U.S. oil. ... more
Norway's Statoil aims to boost local energy sectorWashington (UPI) Mar 17, 2017 Norwegian energy company Statoil said it was working to build up the domestic workforce through a contract to upgrade a platform for North Sea development. ... more
South Sudan buys weapons during famine: UN reportUnited Nations, United States (AFP) March 17, 2017 South Sudan's government is spending oil revenue on weapons as the country descends into a famine largely caused by President Salva Kiir's military campaign, a confidential UN report says. ... more |

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Upton NY (SPX) Mar 21, 2017
Even plants have to live on an energy budget. While they're known for converting solar energy into chemical energy in the form of sugars, plants have sophisticated biochemical mechanisms for regulating how they spend that energy. Making oils costs a lot.
By exploring the details of this delicate energy balance, a group of scientists from the U.S. Department of Energy's Brookhaven National ... more Hampton VA (SPX) Mar 16, 2017NASA Study Confirms Biofuels Reduce Jet Engine Pollution Cambridge, UK (SPX) Mar 15, 2017Scientists harness solar power to produce clean hydrogen from biomass Gothenburg, Sweden (SPX) Mar 13, 2017Petrol and jet fuel alternatives are produced by yeast cell factories |
Dubai (AFP) March 20, 2017
Dubai on Monday completed a solar plant big enough to power 50,000 homes as part of a plan to generate three-quarters of its energy from renewables by 2050.
The 200 megawatt plant sprawls over 4.5 square kilometres (1.73 square miles) of desert and includes some 2.3 million photovoltaic panels.
It is the second phase of the Mohammed bin Rashid Al-Maktoum Solar Park, which is set to pump ... more London, UK (SPX) Mar 21, 2017New solar energy plant to be installed on Barbuda Washington (UPI) Mar 20, 2017Sea change needed for low-carbon economy Espoo, Finland (SPX) Mar 21, 2017Nanotube film may resolve longevity problem of challenger solar cells |
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Washington (UPI) Mar 16, 2017
More than 100,000 acres off the coast of North Carolina go on the auction block Thursday for potential wind energy development, the U.S. government said.
The U.S. Department of Interior pounded the gavel to open the seventh offshore wind auction, putting 122,405 acres off the North Carolina coast on the block for commercial wind energy leasing.
In August 2014, the Bureau of Ocean ... more Washington (UPI) Mar 17, 2017North Carolina offshore wind hailed as job creator London (UPI) Mar 13, 2017Flagship English Channel wind farm nears completion Paris (UPI) Mar 06, 2017French, Spanish companies set for more wind power off coast of France |
Tokyo (AFP) March 15, 2017
Toshiba shares plunged Wednesday as fears grow about the future of one of Japan's best-known firms, hit by massive losses and accounting fraud allegations at its US nuclear unit.
The Tokyo-listed stock dropped as much as 13.62 percent at one point, with concerns that the embattled company's shares could be delisted from the bourse.
Toshiba ended the day at 189.5 yen ($1.65), down 12.22 p ... more London, UK (SPX) Mar 13, 2017The EIC and Nuclear AMRC sign MoU Washington (UPI) Mar 14, 2017German energy company RWE evolving for success Manchester UK (SPX) Mar 13, 2017Potential approach to how radioactive elements could be 'fished out' of nuclear waste |
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Beijing, China (SPX) Mar 17, 2017
Global warming is driven by the Earth's energy imbalance (EEI): our planet traps more and more heat due to continuous increasing greenhouse gases. From the energy perspective, the global warming is actually ocean warming, since ocean stores more than 90% of the trapped heat. Therefore, ocean heat content (OHC) change is a fundamental indicator of global warming, thus direct measurement of OHC wi ... more Geneva (AFP) March 21, 20172017 already marked by climate extremes: UN Durham NH (SPX) Mar 17, 2017Is spring getting longer Paris (AFP) March 20, 2017Climate change 'makes deadly China pollution worse' |
Jerusalem (AFP) March 17, 2017
Intel's $15-billion purchase of Israeli firm Mobileye could help fuel the country's rise in the driverless car industry - not as a builder of vehicles, but as the brains behind them.
Monday's deal, the largest ever in Israel's tech sector, could help boost trade despite the fact no commercial cars are assembled in the country.
The self-styled "startup nation" has no real tradition of au ... more Washington (UPI) Mar 20, 2017Germany pushing e-mobility options New York (AFP) March 16, 2017More gas guzzlers due to Trump? Not necessarily Frankfurt Am Main (AFP) March 15, 2017German prosecutors search Audi offices over 'dieselgate' |
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Mosul, Iraq (AFP) March 21, 2017
Iraqi forces gained ground from the Islamic State group in Mosul and have deployed snipers in the Old City to target the jihadists, officers said on Tuesday.
Iraqi forces launched a major operation to recapture west Mosul - the most-populated urban area still held by IS - on February 19, and have retaken a series of neighbourhoods from the jihadists.
Iraqi interior ministry forces are ... more Baghdad (AFP) March 20, 2017Iraq forces push into Old Mosul as thousands trapped Mosul, Iraq (AFP) March 19, 2017Fierce fighting on outskirts of Mosul Old City Mosul, Iraq (AFP) March 18, 2017Iraq forces say near Mosul mosque where IS declared 'caliphate' |
Beijing (AFP) March 18, 2017 The US and China pledged on Saturday to work together in addressing the threat posed by North Korea's nuclear programme, as US Secretary of State Rex Tillerson warned regional tensions had reached a "dangerous level."
The language from Tillerson and his Chinese counterpart after talks in Beijing was notably conciliatory after a run-up in which US President Donald Trump accused China of doing ... more Seoul (AFP) March 21, 2017North Korea nuclear programme in 'new phase': IAEA Jerusalem (AFP) March 20, 2017Israeli nuclear whistleblower says state hounding him Fuling, China (AFP) March 17, 2017China re-brands Cold War nuclear bunker as tourist draw |
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Hong Kong (AFP) March 21, 2017 Hong Kong will see a creative surge as Art Basel comes to town, but there's a push for a more permanent change to the visual landscape of the city better known for its business hustle than its art scene.
Asia's largest art fair unveils its first preview Tuesday and has boosted Hong Kong's artistic credentials since it first launched in the city four years ago.
A vibrant, wide-ranging "ar ... more Beijing (AFP) March 21, 2017Chinese police 'admit torture' of dead suspect Hong Kong (AFP) March 17, 2017Warhol Mao portrait goes under the hammer in Hong Kong Hong Kong (AFP) March 17, 2017Hong Kong protesters jailed for 3 years for anti-China clashes |
Abuja (AFP) March 21, 2017 A Nigerian rights group on Tuesday called for an investigation into "attacks" on the Amnesty International office in Abuja following heavy criticism by the country's military.
Protesters had surrounded the Amnesty office in the Nigerian capital on Monday and Tuesday, demanding that the London-based rights group leave the country immediately.
The demonstration comes less than a month af ... more Bamako (AFP) March 19, 2017Rags, not riches, defining Africa's urban explosion Conakry (AFP) March 13, 2017Senegal extradites Guinean soldier wanted over massacre Addis Ababa (AFP) March 10, 2017.africa joins the internet |
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Washington (UPI) Mar 21, 2017 The U.S. Air Force issued an invitation this week to industry to participate in a capability assessment of light attack aircraft.
The live-fly experiment, part a broader Air Force effort to explore cost-effective attack platform options, will be held this summer at Holloman Air Force Base, New Mexico.
The off-the-shelf aircraft from industry participants will be flown by service ... more Washington (UPI) Mar 17, 2017Lockheed Martin to recoat U.S. Air Force F-22s Washington (UPI) Mar 16, 2017Boeing gets $3.2B for Apache sales to Saudi Arabia Singapore (AFP) March 21, 2017BOC Aviation orders 13 Boeing jets worth $1.4 bln |
Berlin (AFP) March 15, 2017
Finance ministers from the world's top nations gather in Germany Friday as fears grow that US President Donald Trump could upend the global economic order with his America First policy.
Within two months of moving into the White House, Trump has already torn up the trans-Pacific free trade pact, threatened punitive tariffs against multinationals with factories outside the United States and a ... more Geneva (AFP) March 21, 2017China asks WTO to weigh in on EU anti-dumping measures Tangiers, Morocco (AFP) March 20, 2017Morocco's Tangiers to host Chinese industrial city Newark DE (SPX) Mar 21, 2017Unforeseen impacts of the fair trade movement |
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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, 2016China data and US banks propel equities higher Beijing (AFP) Oct 11, 2016No debt-for-equity cure for zombie firms, says China Beijing (AFP) Oct 13, 2016China's ranks of super-rich rise despite economic slowdown |
Washington (AFP) March 21, 2017 US Secretary of State Rex Tillerson will skip a NATO meeting in April but travel to Russia the same month, fuelling fears about Washington's commitment to the alliance.
Tillerson will be replaced by his deputy at the Brussels meeting on April 5 and 6, despite Washington's efforts to quash questions about US President Donald Trump's support for NATO and quest for better ties with Moscow.
... more Tallinn (AFP) March 17, 2017NATO battle group led by the British arrive in Estonia Berlin (AFP) March 17, 2017Germany wants change to NATO two-percent budget goal Seoul (AFP) March 21, 2017China overtakes Japan in S.Koreans' worst countries list |
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Jakarta (AFP) March 17, 2017
Indonesia summoned the British ambassador Friday after a cruise ship on a voyage organised by a London-based company smashed into coral reefs in a popular tourist spot and caused extensive damage.
Raja Ampat in eastern Indonesia is one of the most biodiverse marine habitats on Earth, and attracts intrepid travellers and divers to its palm-fringed islands surrounded by coral and fish.
Th ... more Atlanta GA (SPX) Mar 17, 2017China's severe winter haze tied to effects of global climate change Miami (AFP) March 16, 2017Trump budget 'cripples' environment, science, critics say Sorong, Indonesia (AFP) March 14, 2017UK cruise ship damages pristine Indonesian coral reef |
Mosul, Iraq (AFP) March 19, 2017 Tens of thousands have flowed out of war-wracked Mosul in recent weeks, but Samir Hamid and 33 family members have decided to go against the tide to return home.
"We stayed with relatives for a week and now we're going back home," says the father-of-five, who has travelled with his extended family from a small town outside Mosul.
Iraqi forces have retaken several neighbourhoods in west M ... more Tripoli (AFP) March 20, 2017Libya rescues 420 migrants off its coast: navy Beijing (AFP) March 21, 2017Face recognition flushes out China's toilet paper crooks Los Angeles (AFP) March 21, 2017Closures along iconic California highway hit tourism |
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