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Upbeat producer sentiment offset GDP to push oil prices lower![]() Washington (UPI) Oct 27, 2017 Production expectations from energy companies during earnings season offset growth in the U.S. economy to pull the price of oil lower on Friday. Reporting that revenue for Chevron Corp. improved by more than 50 percent from last year to $2 billion, Chairman and CEO John Watson said in a statement his company was doing more with less in the current market climate. "We continue to see improvement in the underlying pattern of earnings and cash flow," he said. "Cash flow is at a positive inf ... read more |
Tullow Oil strikes dust near one of South America's biggest prizesWashington (UPI) Oct 27, 2017 Explorer Tullow Oil said it was confident about the broader region, but had no luck in a frontier effort near one of the largest finds in South America. ... more
Iraq finds 'contraband' oil pipeline in southBasra, Iraq (AFP) Oct 27, 2017 Iraqi police have uncovered an underground pipeline used to smuggle crude oil from the giant Rumaila oilfield in the south of the country, a security source said on Friday. ... more
Oil States International reports third quarter hit from HarveyWashington (UPI) Oct 27, 2017 As warned earlier this month, the impact of Hurricane Harvey on the southern U.S. energy sector took a toll on third quarter results, Oil States International said. ... more
Exxon earning and spending moreWashington (UPI) Oct 27, 2017 Even though Hurricane Harvey had a $160 million impact on earnings, U.S. supermajor Exxon Mobil said third quarter performance was indicative of recovery. ... more |
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Italy's Eni sees easy growth at $60 per barrelWashington (UPI) Oct 27, 2017 Current market conditions, with Brent crude oil prices moving toward $60 per barrel, support production growth and investments, Italy's Eni said Friday. ... more
Trans Mountain pipeline planners seek federal interventionWashington (UPI) Oct 27, 2017 The planners of the Trans Mountain oil pipeline in Canada called for federal intervention in order to proceed with expansions in the face of city-level appeals. ... more
Raton Basin earthquakes linked to oil and gas fluid injectionsBoulder CO (SPX) Oct 26, 2017 A rash of earthquakes in southern Colorado and northern New Mexico recorded between 2008 and 2010 was likely due to fluids pumped deep underground during oil and gas wastewater disposal, says a new ... more
French contractor TechnipFMC bruised, but confidentWashington (UPI) Oct 26, 2017 The energy market is set up for oilfield service contracts to outperform levels from the depths of the downturn, French company TechnipFMC said. ... more
Oil prices stand still in market push-pullWashington (UPI) Oct 26, 2017 Mixed support from supply and demand metrics left crude oil prices in relatively static territory in the early rounds of Thursday trading. ... more
Energy-rich Norway leaves policy rate unchangedWashington (UPI) Oct 26, 2017 The general outlook for the oil- and gas-rich economy of Norway hasn't changed so lending rates will stay the same, the head of the central bank said. ... more |
![]() Iran says it's signed its first agreement tied to LNG
Hearings cancelled over Minnesota oil pipelineWashington (UPI) Oct 26, 2017 More than $20 million in state property taxes are on the line amid shows of civil disobedience over an Enbridge oil pipeline, a Minnesota trade group said. ... more
Amid energy spats, Ukraine's economy showing resilienceWashington (UPI) Oct 25, 2017 Amid spats with Russia over natural gas, Ukraine's prime minister said Wednesday the economy for the former Soviet republic is on pace to grow at a decent clip. ... more
After big bet on Guyana, Hess posts big lossWashington (UPI) Oct 25, 2017 After dumping billions of dollars in assets to focus on one particular oil field in Guyana, Hess Corp. said Wednesday its net loss almost doubled year-over-year. ... more
The biggest U.S. offshore oil and gas grab to attract the biggest firmsWashington (UPI) Oct 25, 2017 With the opening of what's described as the biggest grab of U.S. offshore assets ever, an analyst said the region is best suited for the biggest of firms. ... more |
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Champaign IL (SPX) Oct 25, 2017
Vastly expanding sugarcane production in Brazil for conversion to ethanol could reduce current global carbon dioxide emissions by as much as 5.6 percent, researchers report in the journal Nature Climate Change.
This would be a massive undertaking, involving the conversion of hundreds of thousands of square miles - at its most ambitious, more than the combined land area of Texas and Califor ... more Munich, Germany (SPX) Oct 19, 2017Stiff fibers spun from slime Chicago IL (SPX) Oct 16, 2017Converting carbon dioxide to carbon monoxide using water, electricity Leuven, Belgium (SPX) Oct 20, 2017Separating methane and CO2 will become more efficient |
Princeton NJ (SPX) Oct 26, 2017
China is rapidly expanding its solar power supply, hoping to meet 10 percent of the nation's electricity needs with solar energy by 2030. But there's a problem: severe air pollution is blocking light from the sun, significantly reducing China's output of solar energy, particularly in the northern and eastern parts of the country.
This issue is worst in the winter, when - according to resea ... more Albuquerque NM (SPX) Oct 26, 2017New fractal-like concentrating solar power receivers are better at absorbing sunlight Guelph, Canada (SPX) Oct 26, 2017Recurrent Energy Announces Commercial Operation of 71 MW North Carolina Solar Project Washington (UPI) Oct 27, 2017Fitch: U.S. decision on Paris doesn't matter for renewable growth |
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Washington (UPI) Oct 26, 2017
The state of New York aims to become a new hub for the wind energy industry with its unique geographical position and ambitions goals, a state leader said.
New York ranks 11th in the nation in terms of installed wind energy capacity and is the 15th windiest. As of 2014, the state had 20 wind energy projects in service, with a total capacity of 1.8 gigawatts of capacity. The state set of ... more Canberra, Australia (SPX) Oct 20, 2017Construction to begin on $160 million Industry Leading Hybrid Renewable Energy Project Thuwal, Saudi Arabia (SPX) Oct 18, 2017A kite that might fly Washington (UPI) Oct 17, 2017Scotland outreach to Canada yields wind energy investment |
Seoul (AFP) Oct 20, 2017
South Korea on Friday decided to push ahead with the construction of two new nuclear reactors after months of heated debate over whether the country should start weaning itself off atomic energy.
A state commission, based on a survey of 471 jurors selected across the country, recommended finishing construction of the Shin Kori-5 and Shin Kori-6 reactors near the southeastern city of Ulsan. ... more Seoul, South Korea (SPX) Oct 20, 2017AREVA NP awarded contract for safety upgrades in seven reactors Daniken, Switzerland (SPX) Oct 20, 2017AREVA NP installs a system allowing flexible electricity generation at Goesgen nuclear power plant Dessel, Belgium (SPX) Oct 20, 2017Dessel: a new step forward with the dismantling of the site |
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New Haven CT (SPX) Oct 26, 2017
A new study linking paleoclimatology - the reconstruction of past global climates - with historical analysis by researchers at Yale and other institutions shows a link between environmental stress and its impact on the economy, political stability, and war-fighting capacity of ancient Egypt.
The team of researchers examined the hydroclimatic and societal impacts in Egypt of a sequence of t ... more Logan UT (SPX) Oct 26, 2017A drier south: Europe's drought trends match climate change projections Hanover, NH (SPX) Oct 26, 2017Carbon dioxide levels lower than thought during super greenhouse period Riyadh (AFP) Oct 24, 2017IMF chief warns of 'dark future' over climate change |
Paris (AFP) Oct 25, 2017
French carmaker PSA Peugeot Citroen said that revenues grew strongly in the third quarter, powered by the recent acquisition of Opel-Vauxhall, but car sales stalled in the key market of China.
PSA said in a statement that group-wide revenues jumped by 31.4 percent to 15 billion euros ($17.6 billion) in the period from July to September.
In its core brands of Peugeot, Citroen and DS, rev ... more London (AFP) Oct 27, 2017Energy firms back investment into diesel engine Bad Birnbach, Germany (AFP) Oct 25, 2017Self-driving bus to shuttle Bavarian townsfolk Paris (AFP) Oct 25, 2017Paris city bikes go electric |
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Beirut (AFP) Oct 26, 2017
The Islamic State group's empire has shrunk fast this year but the rump of its "caliphate" on the Iraq-Syria border is a hostile jihadist heartland where competing regional interests converge.
After losing their main hubs of Mosul and Raqa this year, the noose continued to tighten around holdout IS fighters regrouping in the badlands where the organisation was born.
On Thursday, Iraqi Pr ... more Baghdad (AFP) Oct 28, 2017Suicide bomber kills 3 at Iraq funeral: army Tehran (AFP) Oct 26, 2017Iraq PM wins Iran support as forces battle IS, Kurds Ottawa (AFP) Oct 28, 2017Canada pauses military assistance to Iraqi troops |
The Hague (AFP) Oct 26, 2017
The Dutch government has admitted that technology from the Netherlands may have been used to develop weapons of mass destruction in Iran, Pakistan or Syria.
Dutch intelligence services have received "indications in a number of cases" that "Dutch technology was used in programmes of weapons of mass destruction or for the means of transmission in Iran, Pakistan or Syria", the outgoing minister ... more Seoul (AFP) Oct 27, 2017The devastating tolls of a new Korean war Seoul (AFP) Oct 28, 2017Mattis warns 'massive' response to North Korea nuclear weapon use Bangkok (AFP) Oct 26, 2017Mattis says US 'not rushing to war' with N. Korea |
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Beijing (AFP) Oct 27, 2017
China's ruling Communist Party says three of its top former officials rigged votes during earlier party congresses, in a move that sheds light on the fall of members of Xi Jinping's rival factions.
The senior figures were removed from office over the last few years as part of Xi's sweeping corruption crackdown, which some analysts have called a political purge.
An article published by Xi ... more Shanghai (AFP) Oct 26, 2017Xi takes short cut to China's Communist pantheon Beijing (AFP) Oct 27, 2017Activists fear more crackdowns in Xi's 'new era' Beijing (AFP) Oct 25, 2017China's Xi welcomes 'objective' media at restricted event |
Abidjan (AFP) Oct 27, 2017
The killing of four US soldiers in Niger has highlighted the geo-strategic role the mainly desert west African nation plays in the American fight against Islamist groups in Africa.
In the aftermath of the soldiers' deaths, the US Chairman of the Joint Chiefs of Staff, General Joseph Dunford, revealed that about 800 US troops are now based in Niger - more than in any other African country. ... more Washington (AFP) Oct 24, 2017Pentagon looks at stepped-up Africa role to counter IS Washington (AFP) Oct 23, 2017US military to pursue Niger operations after deadly attack Washington (AFP) Oct 20, 2017Niger raid highlights US forces' growing Africa role |
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Chicago IL (SPX) Oct 26, 2017
A team led by Prof. Angela Olinto was awarded NASA funding to fly an ultra-long duration balloon mission with an innovative ultra-sensitive telescope to pick up cosmic rays and neutrinos coming from deep space.
Planned for launch in 2022, the Extreme Universe Space Observatory on a Super Pressure Balloon is a major step toward a planned mission to send a probe to space. "This program will ... more Washington (UPI) Oct 26, 2017Embraer, Sierra Nevada supplying more A-29 aircraft for Afghan air force Washington (UPI) Oct 25, 2017Airbus expected to lead light military helicopter market, report says Washington (UPI) Oct 27, 2017Eurofighter companies add on to Belgian contract bid |
Washington (AFP) Oct 27, 2017
The United States on Friday imposed fresh import duties on Chinese aluminum, accusing exporters of dumping their product on the US market at prices below cost.
The move follows a Commerce Department decision in August that also imposed import duties to counteract alleged unfair Chinese subsidies in the aluminum foil industry.
President Donald Trump is due to visit China as part of an 11- ... more Gwadar, Pakistan (AFP) Oct 25, 2017At a forgotten Pakistan port, China paves a new Silk Road Tokyo (AFP) Oct 25, 2017Japan bank CEO quits over claims of $2.2 bn in bad loans Paris (AFP) Oct 25, 2017France seeks 'green veto' in EU-Canada trade deal |
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Beijing (AFP) Oct 25, 2017
The six dark-suited Communist Party officials joining President Xi Jinping on China's highest decision-making body are all men in their 60s, suggesting he has no plans to groom a successor any time soon.
There is no obvious challenger to Xi in the group appointed Wednesday to the Politburo Standing Committee, which includes two known allies and an ideologist.
When the next party congress ... more Washington (AFP) Oct 27, 2017US releases Russian defense firms sanctions list Washington (AFP) Oct 25, 2017Trump congratulates Xi after Chinese leader tightens grip on power Brussels (AFP) Oct 26, 2017NATO challenges Russia on military drill numbers |
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Santiago (AFP) Oct 25, 2017
Chile's President Michelle Bachelet signed a bill Wednesday that seeks to ban plastic bags in more than 100 coastal areas in a bid to halt the accumulation of ocean plastic.
Bachelet said the move was aimed at "taking care of our marine ecosystems."
"Our fish are dying from plastics ingestion or strangulation, it's a task in which everyone must collaborate," she said in a speech in the s ... more Rome (AFP) Oct 25, 2017Schools closed over fears of toxic wind from Italy steel plant Washington (UPI) Oct 24, 2017Levels of microplastics in the Baltic have remained constant for 30 years New Delhi (AFP) Oct 24, 2017India top court bans dirty fuel to fight Delhi's bad air |
La Monta�ita, Colombia (AFP) Oct 28, 2017
Felix Salcedo lost an arm fighting during Colombia's half-century civil war which ended in August. Today, he uses his remaining arm to grow pineapples.
Like dozens of other former FARC guerrillas in his village, Salcedo is trying to earn a living legally after his rebel movement disarmed under a December peace deal with the government.
Salcedo, 38, thinks back on the half of his life he ... more New York (AFP) Oct 27, 2017Puerto Rico 'heartbreaking' five weeks post-storm Frankfurt Am Main (AFP) Oct 26, 2017Munich Re expecting Q3 losses after costly hurricane season Ulaanbaatar (AFP) Oct 25, 201717 climbers dead after avalanche in Mongolia |
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