Oil News and Gas News
April 07, 2017
OIL AND GAS
Kurdish oil developer says it's primed for growth



Washington (UPI) Apr 6, 2017
Gulf Keystone Petroleum, an operator in the Kurdish north of Iraq, said in a regular update to shareholders it's "primed for future development." Gulf Keystone said the average production from its flagship Shaikan oil field in the Kurdish north of Iraq was 34,749 barrels per day, at the upper end of its guidance. Production during the first quarter averaged 36,293 bpd. The company, which has headquarters in London, was the target of an unsolicited takeover from rival Iraqi player DNO, a ... read more

OIL AND GAS
Shell gives up stake in New Zealand natural gas field
Washington (UPI) Apr 6, 2017
Royal Dutch Shell announced Thursday it was selling off its share in one of New Zealand's larger gas fields to its joint venture partner, Todd Energy. ... more
OIL AND GAS
Bulls continue to run for oil prices
Washington (UPI) Apr 6, 2017
Crude oil prices posted steady gains once again as traders moved past data on steady oil storage levels in the United States, but the rally might not last. ... more
OIL AND GAS
West African explorer FAR Ltd. gets cash injection
Washington (UPI) Apr 6, 2017
West African explorer FAR Ltd. said it raised substantial capital to fund its development programs in the emerging oil basin offshore Senegal. ... more
OIL AND GAS
BP revises pay, posts cut for CEO Dudley
Washington (UPI) Apr 6, 2017
British energy company BP said it cut the pay for CEO Bob Dudley as part of a measure that links salaries to the outcome and delivery of the corporate strategy. ... more
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OIL AND GAS
Potentially explosive methane gas mobile in groundwater, poses safety risk
Guelph, Canada (SPX) Apr 06, 2017
Potentially explosive methane gas leaking from energy wells may travel extensively through groundwater and pose a safety risk, according to a new study by University of Guelph researchers. Res ... more
OIL AND GAS
Russia sees slow economic growth irrespective of oil prices
Washington (UPI) Apr 5, 2017
Even if crude oil prices move above $60 per barrel, the Russian economy likely won't expand much more than 1 percent, the head of the central bank said. ... more
OIL AND GAS
Norway's Statoil does more with less with new oil project
Washington (UPI) Apr 5, 2017
With plans for new oil development in the Norwegian Sea approved, Statoil said it's doing more with less because of cost-efficient measures from the industry. ... more
OIL AND GAS
Rosneft taps extreme north oil and gas basin
Washington (UPI) Apr 5, 2017
The drilling of a well in the northernmost oil and gas basin in Russian territory by oil company Rosneft is a sign of things to come, Russia's president said. ... more
OIL AND GAS
Energy sector a bright spot for Oklahoma
Washington (UPI) Apr 5, 2017
Gains in exploration and production activity in shale-rich Oklahoma are pulling the economy out of a slump, though recovery is slow, the state treasury said. ... more
OIL AND GAS
Another day, another rally in crude oil prices
Washington (UPI) Apr 5, 2017
Crude oil prices extended their streak into Wednesday on signs that global markets were tightening, though some supply pressures could start to play a factor. ... more


Pipeline unit of Hess to start IPO at $23 per share

OIL AND GAS
Exxon, Qatar Petroleum to tap Cypriot waters
Washington (UPI) Apr 5, 2017
An exploration campaign off the coast of Cyprus is planned by 2018 following a study of the reserve potential, a Qatari energy company said Wednesday. ... more
OIL AND GAS
U.S. gas prices begin slow seasonal trend upward
Washington (UPI) Apr 4, 2017
Maintenance at U.S. refineries and a shift to a more expensive summer blend of gasoline is leading to a spike in retail gas prices, motor club AAA reports. ... more
OIL AND GAS
OPEC thanks Iraq for its role in balancing the market
Washington (UPI) Apr 4, 2017
Iraqi compliance with a multilateral effort to restore balance to the global market for oil has led to its success, OPEC's secretary-general said from Baghdad. ... more
OIL AND GAS
Crude oil prices post modest gains in Tuesday trading
Washington (UPI) Apr 4, 2017
Emerging signs of the stars aligning for tightening of energy supplies helped pull crude oil prices out of a rut with rallies emerging in early Tuesday trading. ... more

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Ridding the oceans of plastics by turning the waste into valuable fuel
San Francisco CA (SPX) Apr 04, 2017
Billions of pounds of plastic waste are littering the world's oceans. Now, a Ph.D. organic chemist and a sailboat captain report that they are developing a process to reuse certain plastics, transforming them from worthless trash into a valuable diesel fuel with a small mobile reactor. They envision the technology could someday be implemented globally on land and possibly placed on boats to conv ... more
New Delhi (AFP) March 31, 2017
Shell unveils giant new high-tech research lab in India
Champaign IL (SPX) Apr 06, 2017
Scientists engineer sugarcane to produce biodiesel, more sugar for ethanol
Bochum, Germany (SPX) Mar 30, 2017
Hydrogen production: This is how green algae assemble their enzymes
Electronic control to ensure photovoltaic systems always work at maximum power
Vitoria-Gasteiz, Spain (SPX) Apr 06, 2017
After having developed various algorithms and control systems and having applied them in a whole range of fields, such as robotics, control of motors in electric machines, and in wind generators, the UPV/EHU's Advanced Control Group has proven that one of the methods, a sliding mode controller, offers good results in the control of photovoltaic generators, too. "It's a kind of innovative, ... more
Golden CO (SPX) Apr 06, 2017
Report shines light on installed costs and deployment barriers for residential solar PV
Washington (UPI) Mar 30, 2017
Report: Global renewable power capacity expanding
Pompano Beach FL (SPX) Apr 06, 2017
Concept, SolarTech team up next-gen solar panels


U.N. says low-carbon economy not a "pipe dream"
Washington (UPI) Apr 4, 2017
The decline in energy sector emissions and emerging grid parity for renewables shows a shift to a low-carbon economy isn't a "pipe dream," a U.N. panel found. A report from a United Nations' panel aimed at encouraging a broad-based shift toward renewable energy finds that 2016 was the third year in a row that emissions declined at the same time the global economy expanded. The mu ... more
Washington (UPI) Mar 28, 2017
Mega-wind farm offshore Denmark clears hurdle
Tokyo (AFP) March 29, 2017
Japan scientist eyes energy burst from 'typhoon turbine'
Washington (UPI) Mar 17, 2017
North Carolina offshore wind hailed as job creator
Toshiba to buy Engie's stake in NuGen for $139 mn
Tokyo (AFP) April 4, 2017
Japan's troubled conglomerate Toshiba said Tuesday it would buy the 40 percent stake held by French group Engie in their British nuclear joint venture NuGen for about 15.3 billion yen ($138.6 million). The deal - prompted by the bankruptcy of Toshiba's US subsidiary Westinghouse - was at Engie's request, said the Japanese group, which currently holds the remaining 60 percent of the venture ... more
Washington (AFP) March 30, 2017
Westinghouse's woes spotlight US nuclear sector's decline
Chiba, Japan (AFP) March 30, 2017
Toshiba execs under fire as loss forecast balloons
Washington (AFP) March 29, 2017
Toshiba's US nuclear unit files for bankruptcy protection
Daily Newsletters - Space - Military - Environment - Energy

Early climate 'payback' with higher emission reductions
Exeter, UK (SPX) Apr 04, 2017
Climate scientists at the Met Office Hadley Centre have shown that the early mitigation needed to limit eventual warming below potentially dangerous levels has a climate 'payback' much earlier than previously thought. Lead scientist Andrew Ciavarella explains: "Our study has shown that efforts to reduce global temperature rise in the long term - through aggressive reductions in greenhouse ... more
Washington (AFP) April 7, 2017
US coal company CEO urges Trump to stay in Paris climate deal
Lokamarinyang, Kenya (AFP) April 5, 2017
Drought shatters Turkana's dreams of a better future
Seattle WA (SPX) Mar 31, 2017
Finding order in chaos to help buffer against climate change
NASA Kennedy Partners to Help Develop Self-driving Cars
Kennedy Space Center FL (SPX) Mar 30, 2017
Since its inception, NASA has been known as an agency that opens doors to the future. While focusing on exploration beyond our home planet, agency experts also are working to improve life right here on Earth. NASA at the Kennedy Space Center in Florida recently joined a partnership created to help perfect self-driving cars. Autonomous vehicles sound like science fiction. It has always been ... more
Brisbane, Australia (SPX) Apr 06, 2017
Renewable energy needed to drive uptake of electric vehicles
Ottawa (AFP) March 30, 2017
Ford boosts research in Canada for connected cars
Washington (AFP) April 3, 2017
Tesla tops quarterly sales forecast


Iraqi helicopter downed in fight to retake Mosul
Arbil, Iraq (AFP) April 6, 2017
The Islamic State group shot down an Iraqi helicopter operating over Mosul Thursday, as security forces announced they recaptured another neighbourhood in their nearly six-month-old offensive against the jihadist stronghold. The operation to retake west Mosul - which the helicopter was supporting when it was downed - has become a slow, grinding battle that has taken a heavy toll on civilia ... more
Baghdad (AFP) April 5, 2017
Iraq urges residents in IS-held areas to shelter at home
Baghdad (AFP) April 3, 2017
Trump son-in-law Kushner visits Iraq, meets PM
Hasan Sham Camp, Iraq (AFP) March 31, 2017
At Iraq camp, UN chief urges more aid for people of Mosul
'No defense' against multiple Russian missiles: US general
Washington (AFP) April 4, 2017
The United States and its allies would have "no defense" against large numbers of ground-launched cruise missiles of the type recently deployed by Russia, a top US general warned Tuesday. Washington has repeatedly accused Moscow of deploying a land-based cruise missile system in contravention of a 1987 US-Russia arms control deal, known as the Intermediate Nuclear Forces Treaty (INF). Ge ... more
Tehran (AFP) April 5, 2017
Iran condemns 'all use of chemical weapons' in Syria
Washington (AFP) April 6, 2017
Trump to Abe: US to boost military defense against NKorea
United Nations, United States (AFP) April 6, 2017
UN Security Council strongly condemns N.Korea missile test
Daily Newsletters - Space - Military - Environment - Energy

US authorities bust visa fraud scheme for wealthy Chinese
Los Angeles (AFP) April 5, 2017
Federal agents in California on Wednesday raided two homes and a business allegedly connected to a $50 million visa fraud scheme that benefited up to 100 Chinese nationals. Authorities said the key suspects in the case helped wealthy Chinese obtain residency visas in the United States in exchange for bogus investments. According to an affidavit by an FBI agent involved in the probe, Vict ... more
Hong Kong (AFP) April 3, 2017
Hong Kong anti-graft body arrests 72 over vote-rigging
Beijing (AFP) April 5, 2017
Billionaire Warren Buffet becomes face of Coke in China
Hong Kong (AFP) April 2, 2017
Warhol Mao portrait fetches $12.7m in Hong Kong auction
15 Burkina troops jailed over arms depot raid
Ouagadougou (AFP) April 6, 2017
A military tribunal on Thursday jailed 15 Burkinabe soldiers for up to 17 years each over a failed raid on an arms depot last year. The soldiers on trial included 10 members of the former elite presidential guard (RSP) of ousted leader Blaise Compaore. They were found guilty of taking the arms which were allegedly to be used to attack Ouagadougou military prison in order to release forme ... more
Bangui, Central African Republic (AFP) April 5, 2017
European Union trains 'credible army' in C. Africa
Bamako (AFP) April 2, 2017
Mali peace conference calls for talks with jihadists
Banjul, Gambia (AFP) April 1, 2017
'Executed' Gambian coup plotters exhumed


Super Pressure Balloon Flight Enables Pioneering Infrasound Study
Greenbelt MD (SPX) Apr 04, 2017
It's all about that bass and lots of it. Deep, deep base-sound at frequencies too low for the human ear to pick-up. It's called infrasound, low-frequency soundwaves formed by events as diverse as ocean waves crashing together, volcanic eruptions and earthquakes to rocket launches. These soundwaves, capable of traveling around the world multiple times, have never been recorded from the stratosphe ... more
Washington DC (SPX) Mar 31, 2017
Super Pressure Balloon Flight Enables Pioneering Infrasound Study
Washington (UPI) Apr 3, 2017
Hornet, Growler foreign customers to receive data updates
Washington (UPI) Apr 3, 2017
Ukraine's AN-132D takes historic first flight
Developing Asia to fuel global growth but risks ahead: ADB
Hong Kong (AFP) April 6, 2017
Developing Asian countries will drive the world economy in the next two years, the Asian Development Bank said Thursday, but it warned of uncertainties from the United States and Europe. Its flagship Asian Development Outlook said India, Malaysia, Indonesia and Vietnam will be behind an expected 5.7 percent increase in Asia-Pacific gross domestic product, with China's expansion seen moderati ... more
Washington (AFP) April 3, 2017
Trump seeks limits on visa program favored by tech sector
Beijing (AFP) April 2, 2017
China to create new economic zone outside Beijing
Beijing (AFP) April 4, 2017
China plan for new economic zone sparks real estate frenzy
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
Trump, Xi talks "significant" for US-China ties: officials
Beijing (AFP) April 3, 2017
The first summit between US President Donald Trump and his Chinese counterpart Xi Jinping will be of "great significance" for global peace, the two countries' top diplomats agreed ahead of the meeting. News of the telephone call between the US and Chinese top envoys came soon after the publication of an interview with Trump, in which he warned that America was prepared to act unilaterally to ... more
Washington (UPI) Apr 5, 2017
U.S., Lithuanian troops conduct Savage Wolf exercise
Khan Sheikhun , Syria (AFP) April 5, 2017
Russia defends Syria against 'chemical attack' outcry
Manila (AFP) April 6, 2017
Duterte orders Philippine troops to South China Sea reefs


Shanghai river clean-up leaves boat-dwellers in limbo
Shanghai (AFP) April 6, 2017
Li Chaoqing fled his poverty-stricken Chinese hometown at age 14 for a new life in Shanghai, where he raised five children in a disused old boat on a polluted river. But Li, now a 53-year-old garbage collector, faces eviction along with about 200 other squatters living in decaying vessels on the Xinchapu River as officials push a river clean-up campaign. China's financial heart has long ... more
London (AFP) April 4, 2017
London to impose new charges to cut 'lethal' pollution
Paris (AFP) April 3, 2017
Surge in coal pollution led to smaller newborns: study
San Francisco CA (SPX) Apr 04, 2017
Upcycling 'fast fashion' to reduce waste and pollution
Birds hit by cars are, well, bird-brained
Paris (AFP) March 29, 2017
What's the difference between birds that get killed by cars, and those that don't? The dead ones tend to have smaller brains, scientists who performed 3,521 avian autopsies said Wednesday. What might be called the "bird brain rule" applies to different species, depending on the ratio of grey matter to body mass, they reported in the journal Royal Society Open Science. Crows, for exa ... more
Hammam Al-Alil, Iraq (AFP) April 6, 2017
Mosul humanitarian crisis deepens as displacement peaks
Mocoa, Colombia (AFP) April 6, 2017
Colombia opens probe into deadly landslide
Bogota (AFP) April 4, 2017
Why is South America being hit by deadly landslides?


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