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China oil majors' profits up on firm demand![]() Shanghai (AFP) Oct 31, 2017 China's two big oil giants PetroChina and Sinopec have reported strong third-quarter net profits on robust domestic demand. State-owned PetroChina said late Monday that net profit for July-September was 4.69 billion yuan ($706.4 million), jumping nearly fourfold from the same period last year. "International oil prices fluctuated within a wide range and the average price increased significantly compared with the same period last year," PetroChina said in a statement to the Hong Kong stock exchan ... read more |
United Arab Emirates next to support OPEC cut extensionWashington (UPI) Oct 29, 2017 There's support for extending the production cut agreement led by OPEC, but a decision won't be made until November, the Emirati energy minister said Monday. ... more
Oil prices test new territory amid OPEC chatterWashington (UPI) Oct 29, 2017 Crude oil prices continued to test new highs in Monday trading, supported by a growing consensus that OPEC will extend a production cut agreement in November. ... more
Aker BP sees big gains in third quarter productionWashington (UPI) Oct 29, 2017 Production boomed and third quarter income for oil and gas explorer Aker BP came in nearly twice as high as it did last year, the company said Monday. ... more
Oil gives short-term life to African economies, IMF saysWashington (UPI) Oct 29, 2017 The economies of sub-Saharan Africa get some support from oil production in Nigeria and elsewhere, though it flattens out by 2019, the IMF said Monday. ... more |
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Iraq adds capacity to oil export terminalWashington (UPI) Oct 29, 2017 A new export terminal at the southern Iraqi port city of Basra adds another 900,000 barrels per day of capacity, the Iraqi oil ministry said. ... more
Cuban oil work hits a snag for Melbana EnergyWashington (UPI) Oct 29, 2017 Work to find partners to help tap into onshore Cuban oil prospects continues after a farm-in agreement fell apart, Melbana Energy Ltd. said Monday. ... more
Upbeat producer sentiment offset GDP to push oil prices lowerWashington (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. ... 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 |
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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 |
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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 Washington (UPI) Oct 27, 2017Fitch: U.S. decision on Paris doesn't matter for renewable growth Washington (UPI) Oct 26, 2017Oil-rich Alberta adding more solar components Ulsan, South Korea (SPX) Oct 26, 2017UNIST researchers develop highly stable perovskite solar cells |
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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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Washington (AFP) Oct 30, 2017 Facing 195 other countries who have chosen a different path, the task of US negotiators at upcoming climate talks in Bonn is unenviable.
Donald Trump has vowed to exit the Paris Climate accord, just not yet, leaving US policy in limbo for the next three years until Washington can officially leave.
So, it falls to Thomas Shannon - a respected career diplomat - to this week lead a delega ... moreTiny chip-based methane spectrometer could help reduce greenhouse gas emissions 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 |
London (AFP) Oct 27, 2017
As major carmakers shift towards electric vehicles, a group of major oil and gas firms announced Friday an investment into a diesel engine.
The Oil and Gas Climate Initiative (OGCI), which includes BP, Saudi Aramco, Royal Dutch Shell and Total and has a $1-billion investment fund for low-carbon technologies, said it was putting money into Achates Power.
The US company promotes a high-ef ... more San Francisco (AFP) Oct 29, 2017Investors fuel a multibillion-dollar ride-sharing frenzy Frankfurt Am Main (AFP) Oct 27, 2017'Dieselgate' costs choke Volkswagen profits Paris (AFP) Oct 25, 2017Opel drives Peugeot's sales, but China stalls |
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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 Riyadh (AFP) Oct 29, 2017Saudi Airlines to operate first Baghdad flight in 27 years Baghdad (AFP) Oct 28, 2017Suicide bomber kills 3 at Iraq funeral: army Ottawa (AFP) Oct 28, 2017Canada pauses military assistance to Iraqi troops |
Abu Dhabi (AFP) Oct 30, 2017
The head of the UN atomic agency said in Abu Dhabi on Sunday IAEA inspectors are doing their work in Iran "without problem", a day after Tehran was implementing its nuclear commitments.
"Our inspectors (in Iran) are discharging their responsibilities without problem," Yukiya Amano, head of the International Atomic Energy Agency, told reporters in Abu Dhabi.
He was speaking on the sidelin ... more The Hague (AFP) Oct 26, 2017Dutch know-how may have gone into arms of mass destruction Vatican City (AFP) Oct 30, 2017Vatican to host high-level push against nuclear weapons Seoul (AFP) Oct 27, 2017The devastating tolls of a new Korean war |
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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 30, 2017Chinese universities start 'Xi Thought' institutes |
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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Washington (UPI) Oct 26, 2017 The U.S. Air Force's Afghanistan program has tapped Sierra Nevada Corporation and partner Embraer Defense & Security to supply six A-29 Super Tucano aircraft to Afghanistan.
The Afghan air force uses the A-29 trainer and light attack aircraft for flight training, aerial reconnaissance and other missions, Embraer said in a company news release Wednesday.
Afghanistan will have 26 A ... more 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 (UPI) Oct 26, 2017Despite strong Q3 earnings, Boeing hit with $349M loss over Pegasus |
Beijing (AFP) Oct 30, 2017 China's big four state-owned banks on Monday reported profit growth across the board in the third quarter, after President Xi Jinping emphasised the importance of the public sector earlier this month.
Net income at the four banks - Industrial and Commercial Bank of China (ICBC), Bank of China (BOC), China Construction Bank (CCB), and Agricultural Bank of China - all grew in the low single ... more Beijing (AFP) Oct 30, 2017China cracks down on fraudulent provincial growth figures Beijing (AFP) Oct 30, 2017China slams US aluminium foil tariff ahead of Trump visit Beijing (AFP) Oct 29, 2017Business leaders bow to Xi as Communist Party pushes in |
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Washington (AFP) Oct 27, 2017
Under pressure from an impatient Congress, President Donald Trump's administration belatedly published a list of Russian firms and agencies Friday to comply with a new sanctions law.
Trump had opposed the law, which restricted his authority to loosen measures imposed to punish Russia for its meddling in Ukraine and alleged interference in US politics.
But he begrudgingly signed off on ... more Beijing (AFP) Oct 30, 2017China crowns Xi with name once reserved for Mao Zedong Brussels (AFP) Oct 26, 2017NATO challenges Russia on military drill numbers Berlin (AFP) Oct 20, 2017NATO ill-prepared for a Russian attack: report |
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Karlsruher, Germany (SPX) Oct 31, 2017
Reducing pollutant emission of vehicles and meeting stricter exhaust gas standards are major challenges when developing catalytic converters. A new concept might help to efficiently treat exhaust gases after the cold start of engines and in urban traffic and to reduce the consumption of expensive noble metal. It is based on the interaction between platinum and the cerium oxide carrier to control ... more Santiago (AFP) Oct 25, 2017Chile to ban plastic bags in coastal regions 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 |
McLean VA (SPX) Oct 31, 2017
The recent barrage of hurricanes in the southern United States is a reminder of the need for all companies that operate critical services to have a solid disaster recovery (DR) plan. At Intelsat General Corporation (IGC), the unpredictability of hurricane Irma gave us an opportunity to execute our own DR plan and to provide uninterrupted service for our customers.
As a satellite communicat ... more Paris (AFP) Oct 30, 2017$129 bn in extreme weather losses last year: climate report New York (AFP) Oct 31, 2017Displaced Puerto Ricans find refuge in New York La Montabita, Colombia (AFP) Oct 28, 2017Fighting to farming: New life for Colombia's ex-rebels |
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