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  Washington (UPI) Jan 17, 2018 The United States is losing the renewable energy race to China, but will be the undisputed leader for oil and gas in the coming years, the head of the IEA said. The U.S. Energy Information Administration expects total U.S. oil production to set an all-time record this year at 10 million barrels per day. About half of the new utility-scale power on the U.S. grid last year came from renewables and most of that was in the fourth quarter. Fatih Birol, the head of the International Energy Age ... read more |
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Oil prices drift lower on production response to 2018 rallyWashington (UPI) Jan 17, 2018 Oil prices were pulling back to even Wednesday after recent declines amid renewed threats for OPEC member Nigeria, but production trends are balancing the run. ... more 
With a risk premium for oil, the World Economic Forum worried by warWashington (UPI) Jan 17, 2018 With this year opening with a geopolitical risk premium for oil prices, a survey from the World Economic Forum said those frictions were a growing concern. ... more 
We're targeting an FPSO offshore Nigeria, militant group warnsWashington (UPI) Jan 17, 2018 The Niger Delta Avengers, a sporadic militant group in Nigeria, said Wednesday its next round of attacks targeting deep water operations will be bloody. ... more 
Norway speaks of record interest in offshore oil and gas(UPI) Jan 17, 2018 With new licenses mostly in the North Sea, the Norwegian government said it secured its reputation as a predictable oil and gas producer in its latest auction. ... more |
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| Previous Issues | Jan 17 | Jan 16 | Jan 15 | Jan 12 | Jan 11 |
 
 
 
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China says Iranian oil tanker wreck locatedBeijing (AFP) Jan 17, 2018 The wreck of an Iranian oil tanker that collided with a cargo ship off China this month has been located, Beijing said Wednesday, but gave no new details about the environmental impact of the disaster. ... more 
Cheap gasoline in the winter isn't likely in 2018Washington (UPI) Jan 17, 2018 Demand strains and a steady surge higher for oil prices means a typical winter of lower U.S. retail gasoline prices isn't in store this year, analyses show. ... more 
Is shale gas the least sustainable method to produce electricityManchester UK (SPX) Jan 17, 2018 Shale gas is one of least sustainable options for producing electricity, according to new research from The University of Manchester. Taking into account a range of sustainability aspects and ... more 
Russian effort to comply with OPEC based on market, not priceWashington (UPI) Jan 16, 2018 The situation on the market, not the price of oil, determines Russia's appetite for complying with the OPEC balancing act, the country's energy minister said. ... more 
More resources found in gas-rich Papua New GuineaWashington (UPI) Jan 16, 2018 Working in a partnership with Australian and Japanese partners, Exxon Mobil said new hydrocarbons were found while drilling in gas-rich Papua New Guinea. ... more
Survey reveals expectations of $75 ceiling for oil(UPI) Jan 16, 2018 Though crude oil prices are up more than 4 percent since the start of January, a survey of North American sentiments forecasts a narrow range. ... more 
Oil prices pull back hard after breaking through $70 per barrelWashington (UPI) Jan 16, 2018 Oil prices pulled back from a fresh psychological threshold on Tuesday, but compliance with an OPEC-credited deal with setting the price floor remained supported. ... more |
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 Venezuela says rebel pilot killed in police operation 
Moody's: Oil is Iraq's blessing and its curseWashington (UPI) Jan 16, 2018 Iraq is one of the few countries assessed where political risk is a real concern for an economy pegged heavily to the price for crude oil, Moody's said Tuesday ... more 
Sheen spreading from Chinese site of Iranian oil tanker sinkingWashington (UPI) Jan 16, 2018 The oil slick spreading from the site of the sunken Iranian oil tanker Sanchi is getting bigger and moving north, Chinese maritime authorities said. ... more 
BP to post $1.7B charge on Deepwater HorizonWashington (UPI) Jan 16, 2018 British energy company BP said it expects a charge of around $1.7 billion in its fourth quarter earnings as a result of the Deepwater Horizon settlement. ... more |
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Moody's sees headwinds for Middle East economiesWashington (UPI) Jan 15, 2018 Geopolitical tensions in the Middle East could balance against some of the economic gains from the increase in crude oil prices, Moody's said Monday. ... more
Oil prices flutter around even in light tradingWashington (UPI) Jan 15, 2018 Light trading on the U.S. federal holiday left crude oil prices around neutral, but still marching closer to $70 per barrel, potentially on geopolitical risk. ... more 
Aker BP sees dividend and production gainsWashington (UPI) Jan 15, 2018 Norwegian energy company Aker BP said its production levels could at least double within the next five years and dividends could grow by $100 million per year. ... more 
North Sea industries could adapt and thrive during oil field maturationWashington (UPI) Jan 15, 2018 Tearing down the infrastructure from aging North Sea oil and gas fields could generate a stream of revenue for the industry as a whole, a consultant group said. ... more 
Shell makes first North Sea oil and gas commitment in decadesWashington (UPI) Jan 15, 2018 As the industry focuses on decommissioning, Shell said Monday it made a final investment decision on the first manned installation for the North Sea in decades. ... more 
Total plants flag offshore BrazilWashington (UPI) Jan 15, 2018 French energy company Total said it's now a premier player in the oil basins off the coast of Brazil after finalizing a partnership with a state energy company. ... more 
Iran's leading cleric extends sympathies on Sanchi tragedyWashington (UPI) Jan 15, 2018 Iran's ruling cleric, Ayatollah Ali Khamenei, extended condolences to the members and family of the crew of the Sanchi oil tanker, which sank offshore China. ... more |
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 China may invest in Russian oil pipeline company Transneft 
At least four dead in Indian chopper crash: navyNew Delhi (AFP) Jan 13, 2018 India's navy said four bodies had been recovered on Saturday after search teams located the wreckage of a helicopter that went missing earlier in the day. ... more 
Production for Austrian major OMV up 20 percentWashington (UPI) Jan 12, 2018 In a trading update ahead of the company's fourth quarter report, Austrian energy company OMV said output was up nearly 20 percent from last year. ... more 
Come see how bad drilling will be for New Jersey, state tells ZinkeWashington (UPI) Jan 12, 2018 Visit New Jersey to hear from those that will lose out if Florida is the only state pulled from offshore drilling plans, a senator told the interior secretary. ... more |
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 Baghdad (AFP) Jan 15, 2018 
Iraq's Prime Minister Haider al-Abadi called Monday for the elimination of jihadist "sleeper cells" after a twin suicide bombing killed 31 people in Baghdad in the second such attack in three days.
There was no immediate claim of responsibility, but most such attacks in Iraq are the work of the Islamic State jihadist group.
The bombing comes after Abadi's government declared victory over ... more |
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 Beijing (AFP) Jan 16, 2018  China on Tuesday dismissed an international meeting on the North Korean nuclear crisis hosted by Canada and the United States as illegitimate, as major players like Beijing were not present.
The absence of Russia and China from the two days of talks in Vancouver, which began on Monday, shows the holes in Washington's bid to form a unified global front against North Korea's nuclear threat. ... more |
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 Beijing (AFP) Jan 13, 2018  Authorities in northern China have demolished a Christian megachurch in a move denounced by a religious rights group as "Taliban-style persecution".
China's officially atheist Communist authorities are wary of any organised movements outside their control, including religious ones.
The huge evangelical Jindengtai ("Golden Lampstand") Church, painted grey and surmounted by turrets and a l ... more |
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 Libreville (AFP) Jan 16, 2018  Democratic Republic of Congo's former military chief, who has been accused by Kinshasa of an attempted coup against President Joseph Kabila in 2011, has been arrested in Gabon, sources told AFP.
"General Faustin Munene has been arrested since Wednesday, January 10... in Gabon," said a statement from a party created by Munene, the Convention of the People for Progress and Democracy party (CPP ... more |
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 Strasbourg, France (AFP) Jan 16, 2018 
European Union leaders love-bombed Britain on Tuesday, holding the door open for it to change its mind about ending its four-decade membership of the bloc next year.
The comments by EU President Donald Tusk, European Commission Jean-Claude Juncker and others weighed into a debate in Britain about holding a second Brexit referendum.
Leading Brexit campaigner Nigel Farage surprisingly push ... more |
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