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  Washington (UPI) Jan 19, 2018 Rig company Transocean said its shareholders approved of all of the proposals related to an August move to acquire rival Songa Offshore. Transocean said an extraordinary meeting of shareholders concluded in Switzerland with overwhelming support for the takeover. "With this acquisition, we add to our industry leading backlog, providing more visibility to future earnings and cash flows," Transocean's President and CEO Jeremy Thigpen said in a statement. "As importantly, we enhance our indu ... read more |
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Rig counts, but not jobs, up in TexasWashington (UPI) Jan 19, 2018 Exploration and production in the Permian shale basin in Texas is contributing to more output, but not more jobs, data from a federal reserve bank said. ... more 
Schlumberger sees sunny skies ahead for energy sectorWashington (UPI) Jan 19, 2018 Strong demand growth and an extended OPEC-led effort to balance the market suggests 2018 will be good for drilling services, Schlumberger's head said Friday. ... more 
Don't worry about oil price movement yet, Russia saysWashington (UPI) Jan 19, 2018 It's too early in 2018 to discuss stabilization for oil prices, which are down 2 percent from their peak, but up 3.5 percent so far, a Russian official said. ... more 
U.S. shale spoiling the rally in oil pricesWashington (UPI) Jan 19, 2018 Oil prices pulled away from the record territory set in previous sessions on Friday after reports validated concerns about supply-side strains from U.S. shale. ... more |
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Kurdish gas reserve upgrade met with production questionsWashington (UPI) Jan 19, 2018 Genel Energy said Friday there were more natural gas resources in two of its Kurdish fields than expected, but an assessment said extraction might be complex. ... more 
Keystone XL opponents not buying TransCanada's take on commitmentsWashington (UPI) Jan 19, 2018 Opponents of the Keystone XL oil pipeline from Canada through the United States scoffed at planner TransCanada's take on industry commitments. ... more 
TransCanada says Keystone XL interest strong enough to proceedWashington (UPI) Jan 18, 2018 Pipeline company TransCanada said Thursday that commercial commitments for about 60 percent of the capacity for its Keystone XL pipeline is enough to proceed. ... more 
Statoil to start new North Sea exploration effort in FebruaryWashington (UPI) Jan 18, 2018 After a record-setting auction for rights to mostly North Sea operations, the Norwegian government said Statoil now has approval for exploration in the area ... more 
Florida Democrat plays hardball on Trump's offshore drilling planWashington (UPI) Jan 18, 2018 A Florida senator at the heart of the push back on President Trump's offshore drilling plans said he was blocking federal appointments in a move for clarity. ... more 
BP called to overhaul oil fields in Iraq's Kirkuk provinceWashington (UPI) Jan 18, 2018 The oil fields in the northern Iraqi province of Kirkuk could be rehabilitated with the help of British energy company BP, the Iraqi government said Thursday. ... more 
China spots four oil slicks from sunken tankerBeijing (AFP) Jan 18, 2018 The spill from a sunken Iranian tanker off China's east coast has spawned four oil slicks as authorities prepared to send robots to the wreckage to assess the environmental damage. ... more |
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 Demand data offsets Chinese growth to push oil prices lower 
BHP Billiton continues U.S. shale exit plansWashington (UPI) Jan 18, 2018 Australian energy and mining giant BHP Billiton said Thursday it was on pace start selling off its U.S. shale assets during the first quarter of the year. ... more 
Michigan advocates lay out alternatives to controversial Line 5Washington (UPI) Jan 18, 2018 An advocacy group said it was advising Michigan leaders on how to close a pipeline system spanning the two peninsulas, but doing without it won't be easy. ... 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 |
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U.S. losing renewable race to China, but winning in oilWashington (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. ... more 
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 
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 |
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 China races to tackle expanding oil spill after tanker sinks
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 |
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 Basra, Iraq (AFP) Jan 19, 2018 
Daud Salman and his family stayed put in their Iraqi village despite years of regular clashes between tribes, but when a stray bullet wounded his son, it was time to move.
In the north of Basra province, "bullets talk," he said.
Feuds between the region's half-dozen tribes often flare into pitched battles with assault rifles and machineguns, killing bystanders and driving a never-ending ... more |
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 United Nations, United States (AFP) Jan 19, 2018  Russian Foreign Minister Sergei Lavrov on Friday ruled out the possibility of salvaging the Iranian nuclear deal if President Donald Trump decides to pull the United States out of the agreement.
"This agreement cannot be implemented if one of the participants unilaterally steps out of it," Lavrov told a news conference at the United Nations.
"It will fall apart and there will be no deal ... more |
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 Washington (AFP) Jan 19, 2018  Defense Secretary Jim Mattis said Friday that America is facing "growing threats" from China and Russia, and warned that the US military's advantages have eroded in recent years.
Mattis's assessment came as he unveiled the Pentagon's vision for the future detailed in a document called the national defense strategy.
"We face growing threats from revisionist powers as different as China an ... more |
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