Oil News and Gas News
June 02, 2017
OIL AND GAS
Stars align against crude oil prices as $50 comes under threat



Washington (UPI) May 31, 2017
A perfect storm of geopolitical and market issues put the $50 per barrel floor for crude oil prices under threat early in the Wednesday session. Crude oil prices moved in volatile territory in Tuesday trading as investors searched for reasons to be optimistic after a decision last week from the Organization of Petroleum Exporting Countries to keep production levels static disappointment major market players. U.S. economic indicators from the United States, meanwhile, offered some surface suppor ... read more

OIL AND GAS
Saudi Arabia rolls out $5.2 billion offshore support facility
Washington (UPI) May 31, 2017
The Saudi Arabian Oil Co. said Wednesday it established a joint venture with international partners to support the offshore oil and gas sector. ... more
OIL AND GAS
Shareholders vote for ExxonMobil transparency on climate impact
New York (AFP) May 31, 2017
ExxonMobil's shareholders voted Wednesday to push the oil giant to test how the fight against global warming could affect its business, handing a victory to environmentalists at a critical juncture for climate policy worldwide. ... more
OIL AND GAS
British oil and gas trade group sees big investment potential
Washington (UPI) May 31, 2017
With the right strategies in place from Downing Street, a British trade group said as much as $370 billion could be drawn to North Sea oil and gas. ... more
OIL AND GAS
Shell keeps exploration and production focus in Australia
Washington (UPI) May 31, 2017
Royal Dutch Shell said Wednesday it was keeping its exploration and production portfolio in place in Australia, but stepping back from its aviation business. ... more


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OIL AND GAS
Holiday demand pushes gas prices slightly higher
Washington (UPI) May 31, 2017
Tepid demand pressures from consumers could be catching up to bring prices at the pump higher for U.S. drivers, motor club AAA reported. ... more
OIL AND GAS
Turkmenistan says to export 38 bcm of gas to China this year
Ashgabat, Turkmenistan (AFP) May 31, 2017
Isolated Turkmenistan on Wednesday said gas exports to the Central Asian country's leading customer China would reach 38 billion cubic metres this year, in a rare disclosure by the reclusive state. ... more
OIL AND GAS
Wood Mac: Iraqi oil sector underperforming
Washington (UPI) May 31, 2017
A high-risk operational environment coupled with a difficult bureaucracy and market conditions means Iraq is underperforming in oil, Wood Mackenzie found. ... more
OIL AND GAS
Russia sees oil and gas cooperation potential with Saudi Arabia
Washington (UPI) May 30, 2017
Russia sees new avenues for cooperation emerging with Saudi Arabia in sectors tied to oil and gas production and transportation, its energy minister said. ... more
OIL AND GAS
Norway lauded for energy and climate balance
Washington (UPI) May 30, 2017
Norway's consistency as an oil and gas producer with ambitious renewable energy goals makes it a model for other nations, an international report found. ... more
OIL AND GAS
Iran could see new oil deals by July
Washington (UPI) May 30, 2017
By July, Iran could sign off on its first post-sanctions contract tied to the development of one of its largest oil fields, the country's oil minister said. ... more


ExxonMobil faces climate showdown at annual meeting

OIL AND GAS
Gazprom, Shell review LNG opportunities
Washington (UPI) May 30, 2017
Russian energy company Gazprom said it signed agreements with Royal Dutch Shell that could expand on bilateral deals related to liquefied natural gas. ... more
OIL AND GAS
Demand may be dragging oil prices lower Tuesday
Washington (UPI) May 30, 2017
Lingering disappointment over last week's OPEC decision to keep production cuts stable and lingering supply-side strains pushed oil prices lower early Tuesday. ... more
OIL AND GAS
Israeli gas player Delek Group has strong first quarter
Washington (UPI) May 30, 2017
Riding on the success of gas reserves off the coast of Israel and from the acquisition of a rival, Israeli company Delek Group said it has global ambitions. ... more
OIL AND GAS
Canada's Husky Energy expects to do more with less
Washington (UPI) May 30, 2017
Canadian oil producer Husky Energy said it expects to increase profitability and production under a five-year plan that shows resiliency to lower oil prices. ... more





Cold conversion of food waste into renewable energy and fertilizer
Montreal, Canada (SPX) Jun 01, 2017
Researchers from Concordia's Department of Building, Civil and Environmental Engineering (BCEE) in collaboration with Bio-Terre Systems Inc. are taking the fight against global warming to colder climes. Their weapon of choice? Cold-loving bacteria. In a study published in Process Safety and Environmental Protection, authors Rajinikanth Rajagopal, David Bellavance and Mohammad Saifur ... more
Nagoya, Japan (SPX) May 30, 2017
Nagoya University researchers break down plastic waste
Pittsburgh PA (SPX) May 31, 2017
A more energy-efficient catalytic process to produce olefins
Daegu, South Korea (SPX) May 30, 2017
New photocatalyst speeds up the conversion of carbon dioxide into chemical resources
New clean energy joint venture on Fiji Islands
Suva, Fiji (SPX) Jun 01, 2017
Located to the north of New Zealand in the midst of the South Pacific the island state Fiji has to face the severe consequences of climate change. Rising sea levels and extreme weather conditions represent a big challenge for the country comprising of 330 small islands. Currently, the country's energy supply is mainly based on polluting fossil fuels. The dependence on oil imports causes hi ... more
Washington (AFP) June 2, 2017
Paris withdrawal sets business world at odds with Trump
Munich, Germany (SPX) Jun 01, 2017
European Residential Solar Gets Smarter With Huawei Fusionhome
Munich, Germany (SPX) May 31, 2017
Imec Presents Highly Accurate Model for Energy Yield Prediction of Photovoltaic Modules


GE Energy Financial Services Surpasses $15 Billion in Renewable Energy Investments
Anaheim, CA (SPX) May 28, 2017
GE Energy Financial Services said this week at the American Wind Energy Association's (AWEA) WINDPOWER 2017 conference, that it has exceeded $15 billion in renewable energy investment commitments in wind, solar, and other renewable energy projects globally. Over the past three years, GE Energy Financial Services has committed to invest approximately $5 billion in renewable energy projects, excee ... more
Washington (UPI) May 25, 2017
U.S. states taking up wind energy mantle
Solomons MD (SPX) May 10, 2017
Scientists track porpoises to assess impact of offshore wind farms
The Hague (AFP) May 8, 2017
Dutch open 'world's largest offshore' wind farm
Three Mile Island nuclear plant to close in 2019
Washington (UPI) May 30, 2017
The Three Mile Island atomic power plant - site of the worst U.S. commercial nuclear accident in 1979 - will cease operations in 2019, owner Exelon Corp. announced Tuesday. The plant, based in Middletown, Pa., and about 90 miles west of Philadelphia, has lost $300 million over the past five years because of the decline in energy prices, Chicago-based Exelon said in a filing with the S ... more
Homestead, United States (AFP) May 28, 2017
Why nuclear could become the next 'fossil' fuel
Brussels (AFP) May 29, 2017
EU clears EDF takeover of Areva reactor business
Geneva (AFP) May 21, 2017
Swiss vote for gradual nuclear phaseout, energy makeover
Daily Newsletters - Space - Military - Environment - Energy

World leaders vow to defend climate pact after Trump pullout
Paris (AFP) June 2, 2017
World leaders reacted with anger and defiance after President Donald Trump on Thursday announced the United States, the world's second biggest carbon emitter, was quitting the 2015 Paris climate agreement. With France's Emmanuel Macron taking the lead, they lashed Trump's decision as misguided and vowed to defend an accord they portrayed as crucial for the planet's future. In an exceptio ... more
Paris (AFP) June 1, 2017
Climate science: Bad news gets worse
Cape Town (AFP) June 1, 2017
Cape Town cuts back to survive worst drought in 100 years
Paris (AFP) June 1, 2017
Climate: What is the Paris Agreement?
Engines fire without smoke
Thuwal, Saudi Arabia (SPX) May 31, 2017
By observing the soot particles formed in a simple flame, researchers at KAUST have developed a computational model capable of simulating soot production inside the latest gasoline automobile engines1. Although today's passenger vehicle engines are cleaner than ever before, their exhaust can still contain significant numbers of nanoscopic soot particles that are small enough to penetrate t ... more
Frankfurt Am Main (AFP) June 1, 2017
Daimler, VW eye China's electric car market
Frankfurt Am Main (AFP) May 31, 2017
Continental partners with Baidu on connected cars
San Diego CA (SPX) May 26, 2017
Researchers find computer code that Volkswagen used to cheat emissions tests


Iraq forces move on IS in Mosul but civilians slow advance
Baghdad (AFP) June 1, 2017
Iraqi forces are advancing on the last areas of Mosul held by the Islamic State group but the presence of large numbers of civilians is slowing their progress, a military spokesman said Thursday. More than seven months into the massive operation to retake Iraq's second city, security forces have recaptured all but a handful of areas of Mosul from IS, but up to 200,000 civilians may be trappe ... more
Mosul, Iraq (AFP) May 30, 2017
Iraq presses Mosul assault, Bomber kills 16 at ice cream shop
Baghdad (AFP) May 31, 2017
Three suicide blasts send Iraq death toll to 42
Arbil, Iraq (AFP) May 27, 2017
Iraq forces launch broad attack on IS holdouts in Mosul
N. Korea prepared for new ICBM test: state media
Seoul (AFP) May 31, 2017
North Korea warned Wednesday it was prepared to launch intercontinental ballistic missiles (ICBMs) at any time, as the US successfully tested a system designed to intercept them. The fresh sabre-rattling from Pyongyang appeared to up the stakes as the Pentagon announced Tuesday it had intercepted a mock-up of an ICMB in a first-of-its-kind test. The success of the test is a watershed mom ... more
Sydney (AFP) May 26, 2017
US fears nuclear arms race in Asia-Pacific: Australia
Seoul (AFP) May 30, 2017
S.Korea's Moon orders probe into undisclosed US missile launchers
Seoul (AFP) May 31, 2017
S. Korea military 'hid missile launchers from president'
Daily Newsletters - Space - Military - Environment - Energy

Beijing's rickshaws teeter between tradition, survival
Beijing (AFP) May 31, 2017
The makeshift red-canopied vehicles are ubiquitous in Beijing: rickshaws traversing narrow alleyways and skyscraper-lined avenues alike. A historic mode of transport, they have survived China's modernisation, and remain an integral part of city living - but for the drivers, life remains a struggle. Near the lofty Forbidden City, where emperors once lived, a man surnamed Guo has worked a ... more
Beijing (AFP) June 1, 2017
US returns criminal suspect to China
Beijing (AFP) May 28, 2017
Young Chinese in the red as easy credit drives up debt
Hong Kong (AFP) May 28, 2017
Better times? Hong Kong's British nostalgia trip
Benin to invest in one of West Africa's last wildlife havens
Cotonou (AFP) May 31, 2017
Benin on Wednesday announced a 10-year plan to rehabilitate Pendjari National Park, one of the last viable wildlife reserves in west Africa. Like other west African countries, Benin is struggling to preserve its natural ecosystems in the face of rapid population growth, poaching and resource extraction, including mining and logging. Pendjari - in Benin's far northwest on the border wi ... more
Bouake, Ivory Coast (AFP) May 31, 2017
Ivory Coast army chief meets mutineers in their barracks
Umuahia, Nigeria (AFP) May 29, 2017
Biafra's military veterans: no regrets, 50 years on
Kigali (AFP) May 29, 2017
Rwanda to control presidential candidates' social media use


Orbital ATK to produce components for B-2 stealth bomber
Washington (UPI) May 30, 2017
Orbital ATK has received a $90 million contract from Northrop Grumman for composite materials meant for maintenance of the B-2 Spirit heavy stealth bomber. The production will include 17 Hot Trailing Edge, or HTE, parts for the bomber. Production will take place at Orbital ATK's Aerospace Structures Division facility in Dayton, Ohio, starting later this year. "We are honored to p ... more
Washington (UPI) May 31, 2017
HH-60W Combat Rescue Helicopter passes design review
Washington (UPI) May 30, 2017
Britain's Royal Navy delivers Sea King helicopters to Pakistan
Washington (UPI) May 31, 2017
Saab contracted for maintenance of Gripen fighters
China manufacturing down for 1st time in 11 months: Caixin
Beijing (AFP) June 1, 2017
China's factory activity contracted in May for the first time in almost a year, independent figures showed Thursday, hinting at deteriorating conditions for goods producers in the world's second largest economy. The figures compare with an official reading Wednesday suggesting China factory activity expanded in May. Recent indicators have pointed to slowing growth in the Asian economic g ... more
Mumbai (AFP) May 31, 2017
Layoffs rile India's flagship IT sector
New York (AFP) June 1, 2017
Goldman Sachs CEO defends Paris deal in first-ever tweet
Beijing (AFP) May 31, 2017
China factory activity expands in May
Daily Newsletters - Space - Military - Environment - Energy

EU, China grab spotlight in climate fight after US quits Paris deal
Brussels (AFP) June 2, 2017
Dismayed EU and Chinese leaders meet Friday at a Brussels summit in a bid to fill a void in the global push to fight climate change left by the US pullout from the Paris pact. In a potentially dramatic shift in diplomatic roles, the European Union now aims to join heavyweight China in trying to galvanise the world into implementing the landmark 2015 agreement - but minus the planet's second ... more
Berlin (AFP) May 30, 2017
Indian PM praises Merkel's 'vision', urges climate action
Berlin (AFP) June 1, 2017
France, Germany 'certain' Trump would honour NATO pledges
Jerusalem (AFP) June 1, 2017
For Ai Weiwei, Trump a 'brand' for global trend toward hate


Mining for answers on abandoned mines
Washington DC (SPX) Jun 01, 2017
Soil scientist Jim Ippolito believes in local solutions to local problems. The problem he's working on is contaminated soils near abandoned mines. In the western United States 160,000 abandoned mines contaminate soils in the region. Ippolito, associate professor of soil science at Colorado State University, hopes to solve this problem with biochar, a charcoal-like substance that can reduce ... more
Washington (UPI) May 31, 2017
Man-made air pollution in Europe dates back 2,000 years
Washington (AFP) June 1, 2017
Scott Pruitt: EPA chief who urged Trump to ditch climate pact
Hanoi (AFP) May 29, 2017
Taiwan steel plant opens in Vietnam after fish deaths
Refugees face 'acute crisis' in cyclone-hit Bangladesh
Cox's Bazar, Bangladesh (AFP) May 31, 2017
Aid workers warned Wednesday of an "acute crisis" in Bangladesh after a cyclone destroyed thousands of homes and devastated camps housing Rohingya refugees, leaving many without food or shelter. Hundreds of thousands of Rohingya live in the overcrowded camps in Cox's Bazar on the southeast coast after fleeing violence in neighbouring Myanmar. Cyclone Mora battered the area on Tuesday, ki ... more
Kinshasa, DR Congo (SPX) May 31, 2017
Study finds Congo's miners often resort to hunting wildlife for food
Princeton NJ (SPX) May 30, 2017
Nuclear spent fuel fire could force millions of people to relocate
Munich, Germany (SPX) May 30, 2017
Disaster risk management: Science helps save lives


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