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Norway's oil fund wants to divest from oil![]() Oslo (AFP) Nov 16, 2017 Norway's sovereign wealth fund, which is fuelled by the state's oil revenues, wants to divest its oil and gas holdings, the Norwegian central bank which manages the fund said Thursday. In a letter to the government, the bank said that if the world's largest sovereign wealth fund - commonly referred to as the "oil fund" - were to divest its oil and gas shares, Norway would be less vulnerable to a lasting decline in oil prices. The Scandinavian country is western Europe's biggest oil and gas pro ... read more |
Alaska tries again with ANWR drillingWashington (UPI) Nov 16, 2017 Opening up an Arctic wildlife refuge to drillers is either a sellout to the oil industry, or a symbolic win for the economy, depending on one's position. ... more
Production enthusiasm drags oil prices lowerWashington (UPI) Nov 16, 2017 The potential for more oil production from several basins, and a call from Norway's central bank to divest from energy stocks, pulled oil prices lower Thursday. ... more
High U.S. oil exports the new normal under right conditionsWashington (UPI) Nov 16, 2017 The sale of oil from the Bakken shale basin in North Dakota is in fact a "new reality," so long as market conditions are right, an analyst said. ... more
Shale-rich Oklahoma facing uphill budget battleWashington (UPI) Nov 16, 2017 Oklahoma Gov. Mary Fallin said she'd rather vote again on a previous plan to close a budget gap over what passed out of the state House for the shale-rich state. ... more |
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New oil production from Norway cleared ahead of scheduleWashington (UPI) Nov 16, 2017 Oil production from the Maria field in the Norwegian Sea will start nearly a year ahead of schedule and at a reduced cost, a national regulator said Thursday. ... more
New oil expected from North Sea by DecemberWashington (UPI) Nov 16, 2017 New oil production is on pace to start in December from a floating production facility off the east coast of Scotland, Premiere Oil said Thursday. ... more
Fossil fuel investment spells 'unsustainable future': UN chiefBonn (AFP) Nov 15, 2017 Continued investment in fossil fuel would deliver "an unsustainable future", UN chief Antonio Guterres warned Wednesday, saying time was running out to prevent calamitous climate change caused by atmosphere-fouling emissions. ... more
Don't buy the tight-market hype, IEA saysWashington (UPI) Nov 14, 2017 Unless OPEC agrees to cut more production, output from non-member states will leave the market in surplus and limit the rally in oil prices, the IEA said. ... more
Venezuela in 'selective default', signs debt deal with RussiaMoscow (AFP) Nov 15, 2017 Venezuela signed a debt restructuring deal with major creditor Russia on Wednesday, a diplomatic source told AFP, as ratings agencies declared Caracas in partial default. ... more
Asia stocks down as plunging oil prices hammer energy firmsHong Kong (AFP) Nov 15, 2017 Asian energy firms extended a global sell-off Wednesday, dragging regional equity markets, as oil prices continued to tumble on the back of warnings of slowing demand and rising stockpiles. ... more |
![]() Oil prices move lower in Russian fence-sitting
Iran reports strong gains in tax revenue from oil salesWashington (UPI) Nov 15, 2017 Tax revenue generated from the sale of crude oil and oil products increased more than 80 percent from last year, the Central Bank of Iran reported Wednesday. ... more
Production for Russian oil producer up 5 percentWashington (UPI) Nov 15, 2017 Russian oil producer Gazprom Neft said its net profit over the first nine months was up more than 25 percent, while output increased about 5 percent. ... more
U.S. sees LNG as a way to contain RussiaWashington (UPI) Nov 15, 2017 A national defense measure passed in the U.S. House of Representatives aims to promote energy trade in Europe as a means to contain Russia. ... more
Spain awarded 1.6 bln euros over Prestige oil spillMadrid (AFP) Nov 15, 2017 A court awarded the Spanish state 1.6 billion euros ($1.9 billion) in damages on Wednesday over the 2002 Prestige oil spill, one of Europe's worst environmental disasters. ... more |
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Berkeley CA (SPX) Nov 15, 2017
A new study led by researchers at the Department of Energy's Joint BioEnergy Institute (JBEI), based at Lawrence Berkeley National Laboratory (Berkeley Lab), demonstrates the importance of microbial communities as a source of stable enzymes that could be used to convert plants to biofuels.
The study, recently published in the journal Nature Microbiology, reports on the discovery of new typ ... more Washington DC (SPX) Nov 17, 2017Desert solar to fuel centuries of air travel Livermore CA (SPX) Nov 13, 2017Sandia speeds transformation of biofuel waste into wealth Indianapolis IN (SPX) Nov 06, 2017Study identifies additional hurdle to widespread planting of bioenergy crops |
Tempe AZ (SPX) Nov 15, 2017
The green sulfur bacterium makes its home in the chilly waters of the Black Sea. To eek out its lonely existence, this life form scavenges energy from the feeble sunlight available to it at a depth of over 250 feet.
Plants perform the same remarkable trick, gathering radiant energy from the sun and converting it to biological energy essential for growth. This process - perfected over billi ... more Guelph, Canada (SPX) Nov 17, 2017Recurrent Energy secures debt financing for 20 MW California solar project Paris (AFP) Nov 14, 2017Sunny future for renewables thanks to China: IEA Karlsruher, Germany (SPX) Nov 15, 2017Butterfly wing inspires photovoltaics that could triple light absorption |
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Washington (UPI) Nov 15, 2017
It's wasteful to keep offering production tax credits to a "mature technology" like wind energy in the United States, a Tennessee Republican said.
U.S. Sen. Lamar Alexander, R-Tenn., spoke on the floor in support of ending a wind production tax credit by the end of the year as part of a broader tax overhaul under consideration in the nation's capital.
"We have turned our attentio ... more Washington (UPI) Oct 26, 2017New York sets high bar for wind energy 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 |
Tokyo, Japan (SPX) Nov 15, 2017
A team of scientists at Tokyo Institute of Technology (Tokyo Tech) working in collaboration with Tohoku University, Tokyo City University and the Japan Atomic Energy Agency has proposed a novel approach to tackle the problem of radioactive waste disposal.
The new method, published in Scientific Reports, could dramatically reduce the effective half-life (an indicator of the amount of time i ... more Paris (AFP) Nov 7, 2017France backtracks on nuclear power reduction target Charlotte NC (SPX) Nov 13, 2017AREVA NP introduces FORERUNNER robot to optimize steam generator inspections Hanover NH (SPX) Nov 08, 2017Nuclear energy programs may not increase likelihood of proliferation |
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Exeter UK (SPX) Nov 15, 2017
Proposals to reduce the effects of global warming by imitating volcanic eruptions could have a devastating effect on global regions prone to either tumultuous storms or prolonged drought, new research has shown.
Geoengineering - the intentional manipulation of the climate to counter the effect of global warming by injecting aerosols artificially into the atmosphere - has been mooted as a p ... more Bonn (AFP) Nov 15, 2017World leaders plead for climate action at UN forum Bonn (AFP) Nov 16, 2017Climate envoy slams rejection of Paris deal; WH says US will cut on own terms Bonn (AFP) Nov 15, 2017Merkel, Macron to front diplomatic push at UN climate talks |
Beijing (AFP) Nov 16, 2017
Volkswagen will invest more than 10 billion euros ($12 billion) along with its partners in China to build new energy vehicles in the country, the company said on Thursday.
Volkswagen is also establishing a new joint venture with state-owned JAC Motors to make electric vehicles, with an aim to get the first electric car to market by next year, the company said in a press release on the eve of ... more San Francisco (AFP) Nov 13, 2017Lyft takes Uber challenge north to Canada Hawthorne, United States (AFP) Nov 17, 2017Tesla unveils its all-electric semi truck Shanghai (AFP) Nov 15, 2017Horrific highway pile-up kills 18 in China |
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Al-Obeidi, Irak (AFP) Nov 13, 2017
In the unforgiving deserts of Iraq, there is just one way to deal with defeated members of the Islamic State group who try to come home - tribal justice.
No pardons are possible among tribes which have agreed among themselves to treat with the utmost severity those members who became jihadists.
As for the families of IS members, many have already fled, fearing reprisals.
The former ... more Baghdad (AFP) Nov 11, 2017Iraq forces launch assault on last IS-held pocket Beirut (AFP) Nov 11, 2017IS recaptures last Syrian urban bastion in fierce fightback Karbala, Iraq (AFP) Nov 10, 2017Millions mark key Shiite commemoration in Iraq holy city |
Tokyo (AFP) Nov 16, 2017
Japan and the United States launched a joint naval drill Thursday in a show of force aimed at North Korea, whose nuclear ambitions dominated US President Donald Trump's recent Asia trip.
The 10-day exercise, joined by some 14,000 US servicemen, aircraft carrier USS Ronald Reagan and the guided-missile destroyers USS Stethem, USS Chafee and USS Mustin, among others, "will take place in waters ... more Washington (AFP) Nov 14, 2017Senate panel debates US president's nuclear authority Seoul (AFP) Nov 16, 2017North Korean soldier stable, but riddled with parasites Singapore (AFP) Nov 16, 2017Singapore suspends trade ties with North Korea |
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Beijing (AFP) Nov 15, 2017
China's most ubiquitous public performers - lively groups of primarily elderly women who show off their moves in outdoor squares - have been ordered to avoid dancing on graves and spreading superstitious beliefs.
The dancers are known to blare old-school music from portable speakers, often taking over entire blocks in vibrant matching outfits.
In a set of guidelines released Monday, th ... more Hong Kong (AFP) Nov 14, 2017Activists renew push for Hong Kong independence Beijing (AFP) Nov 10, 2017Trump praises China's 'highly respected' Xi Phuket, Thailand (AFP) Nov 10, 2017Gay Chinese tourists flock to Thailand for fun, acceptance |
Blacksburg VA (SPX) Nov 16, 2017
A new study by Virginia Tech researchers tracks land cover changes in the Chobe district of Northern Botswana and provides information that will allow governments and nonprofit organizations to improve dryland management strategies in the region.
The study was published in Arid Land Systems: Science and Societies, a special issue of the journal Land.
"There is an incredibly dynamic a ... more Saint Louis, Senegal (AFP) Nov 16, 2017Climate change and neglect threaten Senegal's Saint Louis Harare (AFP) Nov 15, 2017Army takes over Zimbabwe: What we know Kinshasa (AFP) Nov 15, 2017Amnesty warns companies on child labour in DRCongo cobalt mining |
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Washington (UPI) Nov 16, 2017
Bell-Boeing JPO has been contracted for "field representative and logistic support services" to support the V-22 aircraft for the government of Japan.
The deal, announced Monday by the Department of Defense, is worth just over $10 million and is classified as a cost-plus-fixed-fee contract, meaning Bell-Boeing will receive additional cost reimbursement based on a previously negotiated f ... more Washington (UPI) Nov 16, 2017Navy contracts with Bell Helicopter for two AH-1Z Vipers Washington (UPI) Nov 15, 2017British-built Hawk training jets to be maintained by BAE Moffett Field CA (SPX) Nov 14, 2017NASA Embraces Urban Air Mobility, Calls for Market Study |
Beijing (AFP) Nov 16, 2017
China has set new rules to curb risks at its policy banks, stepping up oversight of the country's financial system as Beijing looks to avert a feared debt crisis in the world's number two economy.
For the first time, the China Banking Regulatory Commission (CBRC) will impose specific rules designed in part to reduce financial risk at three banks tasked with funding Beijing's pet projects and ... more Strasbourg, France (AFP) Nov 15, 2017EU parliament toughens law to limit cheap Chinese imports Paris (AFP) Nov 13, 2017Watchdog warns of 'high risk' digital currency offers Washington (AFP) Nov 16, 2017US industrial output rises as hurricane hit reverses |
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Manila (AFP) Nov 14, 2017
Donald Trump said Tuesday strong US ties with the Philippines were vital for military reasons, as he ended a trip to Manila in which he ignored allegations of mass murder under Rodrigo Duterte.
The US president said he had repaired relations with the Philippines, which soured last year when the administration of former president Barack Obama criticised Duterte's drug war.
"The (Philippin ... more Manila (AFP) Nov 15, 2017Duterte says Philippines owes China 'debt of gratitude' Manila (AFP) Nov 14, 2017Trump hails 'fantasic job' on Asia tour, but ends it abruptly Washington (AFP) Nov 14, 2017US attorney general slams 'epidemic' of leaks to media |
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Moradabad, India (AFP) Nov 15, 2017
In the northern Indian city of Moradabad fumes from burning electronic waste blend with seasonal smog to create an even deadlier mix of pollutants than in Delhi, where filthy air has caused public outcry and made global headlines.
India's smog crisis has centred on the capital but pollution is as bad or worse beyond its borders, with millions in smaller cities like Moradabad barely aware of ... more New Delhi (AFP) Nov 17, 2017Delhi half-marathon to go ahead despite smog, court rules Paris (AFP) Nov 16, 2017Interactive map shows air quality in real time across Europe College Park MD (SPX) Nov 17, 2017Sulfur dioxide emissions plunge across China as India's soars |
McLean, VA (SPX) Nov 17, 2017
The recent hurricanes that hit Florida, Texas and Puerto Rico once again spotlighted the frailty of terrestrial communications services. Hurricane-force winds in the Florida Keys and Houston brought trees down on utility lines carrying telephone and Internet service and knocked out cell phone towers, while Hurricane Maria completely destroyed the terrestrial communications infrastructure of Puer ... more Bonn (AFP) Nov 14, 2017Dimming Sun's rays to cool planet will affect storms too: study United Nations, United States (AFP) Nov 16, 2017UN urges end to Myanmar attacks against Rohingya Miami (AFP) Nov 13, 201715,000 scientists say threats to planet now 'far worse' |
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