Oil News and Gas News
March 24, 2017
OIL AND GAS
Norway's Statoil top bidder for U.S. offshore licenses



Washington (UPI) Mar 23, 2017
As one of the companies with the largest take in a U.S. offshore auction, Norway's Statoil said it reset its Gulf of Mexico position as the market improves. Statoil was the high bidder on 13 of the tracts up for sale in the latest auction for the rights to drill in the U.S. waters of the Gulf of Mexico. Of the more than two dozen companies with successful bids, Statoil was near the top with company bids of more than $51 million. The company was the successful high bidder in all but two o ... read more

OIL AND GAS
Fretting over U.S. economic fate dings oil prices
Washington (UPI) Mar 23, 2017
Crude oil prices drifted lower in early Thursday trading as investors remained cautious about U.S. economic trajectory ahead of a pivotal vote on health insurance. ... more
OIL AND GAS
China's CNOOC hit by market downturn
Washington (UPI) Mar 23, 2017
After reporting steep declines in yearly oil and gas revenue, Chinese company CNOOC said Thursday its focus on cost control was relentless. ... more
OIL AND GAS
Putin insists Europe needs expanded gas pipeline
Washington (UPI) Mar 23, 2017
An expansion to a Russian gas pipeline running offshore to Germany makes sense given production declines in Europe, Russia's president said. ... more
OIL AND GAS
Oil and gas-rich Norway expects sluggish economic growth
Washington (UPI) Mar 23, 2017
There are signs that pressure from a declining energy sector is fading, though Norway's economy is not on pace for major growth, the government said Thursday. ... more
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OIL AND GAS
Oil breakthrough for Mexico with Eni discovery
Washington (UPI) Mar 23, 2017
Italian energy company Eni said Thursday it confirmed the potential for oil offshore Mexico in the first drilling campaign by a foreign company since 2013. ... more
OIL AND GAS
Husky Energy responding to minor Alberta oil spill
Washington (UPI) Mar 23, 2017
Canadian oil company Husky Energy said it was ready to start restoration efforts immediately, after reporting a minor oil spill in southwest Alberta. ... more
OIL AND GAS
Libya sets goals for higher oil production
Washington (UPI) Mar 23, 2017
Libya aims to increase crude oil production at some of its fields by 55,000 barrels to the extent that conditions permit, the nation's main oil company stated. ... more
OIL AND GAS
UN Security Council again eyes sanctions on South Sudan
United Nations, United States (AFP) March 24, 2017
The UN Security Council voiced alarm Thursday about the deepening humanitarian crisis and famine in South Sudan, with the United States, Britain and France raising anew the idea of sanctions and a weapons embargo. ... more
OIL AND GAS
A new model for capillary rise in nano-channels offers insights into fracking
Washington DC (SPX) Mar 23, 2017
In the last decades, hydraulic fracturing or "fracking," a method of oil and gas extraction, has revolutionized the global energy industry. It involves fracturing rock with a pressurized liquid or " ... more
OIL AND GAS
Germany's Wintershall expects steady oil, gas output for 2017
Washington (UPI) Mar 22, 2017
German energy company Wintershall said it expects good returns this year and a steady course for oil prices supporting expansions for oil and gas production. ... more


Senegal oil bonanza imminent, FAR Ltd. says

OIL AND GAS
Russia will play OPEC ball, report finds
Washington (UPI) Mar 22, 2017
Russia is likely to play along with what's expected to be another six months of OPEC production cuts despite lackluster compliance, a new report finds. ... more
OIL AND GAS
Supply-side pressure leaves bruise on oil prices
Washington (UPI) Mar 22, 2017
Questions about Trump-era economic trends and concerns about a glut of oil in the market pushed crude oil prices sharply lower in early Wednesday trading. ... more
OIL AND GAS
New Zealand expects strong interest in oil, gas auction
Washington (UPI) Mar 22, 2017
Though small by global standards, New Zealand's oil and gas sector is expected to see strong interest as the market improves, the energy minister said. ... more
OIL AND GAS
Market may be ripe for U.S. offshore oil and gas bids
Washington (UPI) Mar 22, 2017
Energy sector interest in the central waters of the Gulf of Mexico is high because of market conditions and U.S. government interest, a trade group said. ... more

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Community in chaotic Jakarta goes green to fight eviction
Jakarta (AFP) March 20, 2017
Brightly coloured wooden and brick houses line a clean riverside path amid trees and vegetable gardens, a tranquil scene in the normally chaotic Indonesian capital Jakarta. Residents have transformed the "kampung", as traditional neighbourhoods are known in Indonesia, into a model of clean and green living in an effort to fight off the threat of eviction. Tongkol kampung was once much ... more
Upton NY (SPX) Mar 21, 2017
Study IDs link between sugar signaling and regulation of oil production in plants
Hampton VA (SPX) Mar 16, 2017
NASA Study Confirms Biofuels Reduce Jet Engine Pollution
Cambridge, UK (SPX) Mar 15, 2017
Scientists harness solar power to produce clean hydrogen from biomass
Revealing the microscopic mechanisms in perovskite solar cells
Washington DC (SPX) Mar 23, 2017
A material with the perovskite crystal structure has become very popular for solar cells. While most perovskites are inorganic compounds, this new material is a hybrid of relatively inexpensive organic and inorganic materials. In just a few short years, researchers have achieved remarkable power conversion efficiency with these perovskites, comparable with the best photovoltaic materials availab ... more
Dubai (AFP) March 20, 2017
Dubai harvests desert sun at vast solar plant
London, UK (SPX) Mar 21, 2017
New solar energy plant to be installed on Barbuda
Washington (UPI) Mar 20, 2017
Sea change needed for low-carbon economy


North Carolina offshore wind hailed as job creator
Washington (UPI) Mar 17, 2017
The results of an auction for the right to develop wind energy offshore North Carolina makes it a major low-carbon economic stimulus, a trade group said. Avangrid Renewables was the winner of an auction for a lease area offshore Kitty Hawk with a $9 million bid to develop wind energy in federal waters. Nancy Sopko, director of offshore issues for the American Wind Energy Association, pr ... more
Washington (UPI) Mar 16, 2017
North Carolina ready for offshore wind energy auction
London (UPI) Mar 13, 2017
Flagship English Channel wind farm nears completion
Paris (UPI) Mar 06, 2017
French, Spanish companies set for more wind power off coast of France
Loss-hit Toshiba nosedives on fears about future
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, 2017
The EIC and Nuclear AMRC sign MoU
Washington (UPI) Mar 14, 2017
German energy company RWE evolving for success
Manchester UK (SPX) Mar 13, 2017
Potential approach to how radioactive elements could be 'fished out' of nuclear waste
Daily Newsletters - Space - Military - Environment - Energy

Cloaked in rags and dust, Somalis flee looming famine
Baidoa, Somalia (AFP) March 20, 2017
Mariam Ibrahim, her seven children and two neighbouring families were the last to leave their village in southwestern Somalia. They loaded their combined belongings - blankets, cooking pots, sleeping mats, jerry cans, clothes - onto a hired donkey cart and walked beside it for 20 kilometres (12 miles) to Baidoa, the closest city. "There is nobody left now," said the 28-year-old. Sh ... more
New York (AFP) March 23, 2017
Tillerson alias emails from his ExxonMobil era prove elusive
New York NY (SPX) Mar 23, 2017
Under the dead sea, warnings of dire drought
Geneva (AFP) March 21, 2017
2017 already marked by climate extremes: UN
China's Geely opens UK plant for electric London taxis
London (AFP) March 22, 2017
Chinese carmaker Geely, owner of the London Taxi Company, opened Wednesday a 300-million pound UK factory making only electrical versions of the iconic London black cab for use worldwide. The site in Coventry, central England, "has the capacity to build more than 20,000 vehicles per year... the best ultra-low emission commercial vehicles in the world", LTC said in a statement. Geely bought LT ... more
Jerusalem (AFP) March 17, 2017
Intel deal may fuel Israel's rise as builder of car brains
Washington (UPI) Mar 20, 2017
Germany pushing e-mobility options
New York (AFP) March 16, 2017
More gas guzzlers due to Trump? Not necessarily


Coalition vows victory against Islamic State
Washington (AFP) March 22, 2017
Senior diplomats from the 68-strong US-led coalition against the Islamic State group vowed to seek a quick and lasting victory against the jihadists Wednesday at a major meeting. US Secretary of State Rex Tillerson welcomed his counterparts from the mainly Western and Arab alliance to Washington with a vow to hunt down IS leader Abu Bakr al-Baghdadi. Envoys were keen to hear details of U ... more
Mosul, Iraq (AFP) March 21, 2017
Iraq forces gain ground, deploy snipers in Mosul
Mosul, Iraq (AFP) March 23, 2017
Mosul comes alive with the sound of music
Baghdad (AFP) March 20, 2017
Iraq forces push into Old Mosul as thousands trapped
China's ZTE pleads guilty to violating US sanctions on Iran, N.Korea
Washington (AFP) March 23, 2017
Chinese telecom giant ZTE has pleaded guilty in a US court to violating US export controls by selling goods to Iran and North Korea over several years. The move is the final step in the case's resolution which the US government announced March 7 in which it slapped $1.2 billion in fines on the company, the largest criminal penalty in US history in an export control case, although there have ... more
Washington (AFP) March 23, 2017
US sees 'activity' at N. Korea nuke sites: US official
Stockholm (AFP) March 21, 2017
Swedish parliament holds first war game in 20 years
Seoul (AFP) March 22, 2017
North Korea fails in new missile test: Seoul
Daily Newsletters - Space - Military - Environment - Energy

Young Chinese jet set shop at Hong Kong's Art Basel
Hong Kong (AFP) March 23, 2017
Huang Xiaoshuai and his wife last year splashed out $70,000 for a large painting of fish by Oscar-winning actor Adrien Brody - part of a growing clique of young, affluent Chinese art enthusiasts building their own high-end collections. The picture now hangs in their Shanghai home and the couple, along with other mainland collectors, have flown in to attend VIP events at this week's Art Bas ... more
Hong Kong (AFP) March 21, 2017
Distraught Hong Kong villagers battle to save their homes
Hong Kong (AFP) March 23, 2017
China watches Hong Kong vote as protests threatened
Hong Kong (AFP) March 22, 2017
Hong Kong leader must cooperate with China: Li Ka-shing
Nigerian rights group denounces 'attacks' on Amnesty office
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, 2017
Rags, not riches, defining Africa's urban explosion
Conakry (AFP) March 13, 2017
Senegal extradites Guinean soldier wanted over massacre
Addis Ababa (AFP) March 10, 2017
.africa joins the internet


USAF seeks industry help for light attack aircraft experiment
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 22, 2017
Thales delivers flight simulator to Malaysian air force
Washington (UPI) Mar 22, 2017
U.S. Air Force orders KC-10 engine overhauls
Washington (UPI) Mar 22, 2017
U.S. Air Force delivers refurbished F-16s to Indonesia
China asks WTO to weigh in on EU anti-dumping measures
Geneva (AFP) March 21, 2017
China on Tuesday asked the World Trade Organization to create an expert panel to examine the so-called "surrogate country" approach used by the European Union to calculate anti-dumping measures applied to Chinese exports. When China joined the WTO in 2001, it was written into the terms of the deal that member states could treat it as a non-market economy for 15 years. The deadline passe ... more
Tangiers, Morocco (AFP) March 20, 2017
Morocco's Tangiers to host Chinese industrial city
Sydney (AFP) March 24, 2017
China inks $4.6 billion deal for Australia mine project
Newark DE (SPX) Mar 21, 2017
Unforeseen impacts of the fair trade movement
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
Tillerson to skip NATO meeting next month
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
Washington (UPI) Mar 23, 2017
Germany blocks defense exports to Turkey
Beijing (AFP) March 23, 2017
China-backed bank approves 13 new members
Manila (AFP) March 23, 2017
Manila could share maritime resources with China: Duterte


'Super sponge' promises effective toxic clean-up of lakes and more
Minneapolis, MN (SPX) Mar 23, 2017
Mercury is very toxic and can cause long-term health damage, but removing it from water is challenging. To address this growing problem, University of Minnesota College of Food, Agricultural and Natural Sciences (CFANS) Professor Abdennour Abbas and his lab team created a sponge that can absorb mercury from a polluted water source within seconds. Thanks to the application of nanotechnology ... more
Jakarta (AFP) March 22, 2017
Indonesia increases estimate for cruise ship reef damage
Punta Gorda, United States (AFP) March 22, 2017
Florida eco-friendly town opens for business
Jakarta (AFP) March 17, 2017
Indonesia summons UK envoy over coral reef destruction
SES is enabling disaster response and connecting affected communities
Luxembourg (SPX) Mar 23, 2017
SES offers a broad range of solutions to support humanitarian and disaster relief efforts across the globe. Some of them were showcased during the Humanitarian ICT (Information and Communications Technology) Forum organised by the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) and Emergency Telecommunications Cluster (ETC), and held on the 21 and 22 March in Mountain V ... more
Baghdad (AFP) March 22, 2017
HRW calls on Iraqis to avoid ad hoc mass grave exhumations
Washington (UPI) Mar 20, 2017
Video game study suggests people will remain calm as the world ends
Kathmandu (AFP) March 24, 2017
Lowest bidders threaten Nepal's quake-hit heritage


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