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Offshore could be beating U.S. shale![]() Washington (UPI) Jan 23, 2018 Some offshore developments outside of North America may be gaining a competitive edge over U.S. shale, sector analysis found. U.S. shale oil developments are expected to push total U.S. production above 10 million barrels per day this year for an all-time record that, if forecasts are accurate, would put the United States in the same league as Saudi Arabia. Deep in the exploration and production side of the energy sector, the Westwood Global Energy Group said its team in Houston found th ... read more |
Kenya says Total is committed to a single export pipelineWashington (UPI) Jan 23, 2018 French energy company Total may buy off Kenyan oil blocks and commit to a single pipeline for exports, the office of the Kenyan president said. ... more
A tightening oil market drives oil back toward $70 per barrelWashington (UPI) Jan 23, 2018 Signs of a global market for crude oil moving closer to erasing the surplus on the five-year average for stockpiles put oil prices back near $70 on Tuesday. ... more
Alaska's LNG project inching toward realityWashington (UPI) Jan 23, 2018 A liquefied natural gas project in Alaska could be operating by 2024 because of the quick pace of meeting regulatory requirements, the developer said. ... more
Dutch turning off quake-zone gas for 200 firmsThe Hague (AFP) Jan 23, 2018 The Dutch government has ordered more than 200 of the country's biggest businesses to stop using gas from the quake-prone northern Groningen region, Europe's largest gasfield, officials confirmed Tuesday. ... more |
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Norwegian oil and gas production better than 2016Washington (UPI) Jan 23, 2018 Oil and gas production from Norway, one of Europe's top producers, was faltered by maintenance in December, but finished higher than 2016, national data show. ... more
High gas prices could be the new normalWashington (UPI) Jan 23, 2018 Abnormal trends for U.S. retail gasoline prices so far could point to higher prices for the year, but there may be short-term relief in store, analysts said. ... more
UAE air force told 'not to escalate' Qatar air disputeAbu Dhabi (AFP) Jan 23, 2018 The air force of the United Arab Emirates has been ordered "not to escalate" a civil aviation dispute with regional rival Qatar, a military official said Tuesday. ... more
Radioactivity from oil and gas wastewater persists in Pennsylvania stream sedimentsDurham NC (SPX) Jan 23, 2018 More than seven years after Pennsylvania officials requested that the disposal of radium-laden fracking wastewater into surface waters be restricted, a new Duke University study finds that high leve ... more
Wintershall confirms Libyan oil production restartWashington (UPI) Jan 22, 2018 German energy company Wintershall said it was able to restart production from a license area in Libya, which the government said was closed illegally. ... more
Oil prices flat at market open, even after talk of extended OPEC actionWashington (UPI) Jan 22, 2018 Word over the weekend of yet another possible extension to OPEC's balancing act was offset somewhat by gains in Libya, leaving oil prices even on Monday. ... more
Lundin Petroleum revises reserve outlook higherWashington (UPI) Jan 22, 2018 An estimate of the reserves in the Edvard Grieg oil field off the coast of Norway boosted the recovery outlook by almost 50 percent, Lundin Petroleum said. ... more |
![]() Kurdish oil production expectations high
Iraq to sign gas deal with US firm for southern fieldBaghdad (AFP) Jan 21, 2018 Iraq will on Monday sign a memorandum of understanding with American energy company Orion to tap gas at an oil field in the south of the country, the petroleum ministry said. ... more
Oil slick off China coast trebles in sizeBeijing (AFP) Jan 22, 2018 The spill from a sunken Iranian tanker off China's east coast has more than trebled in size, just over a week after the ship sank in a ball of flames. ... more
Drilling services company Halliburton upbeat about North AmericaWashington (UPI) Jan 22, 2018 After a year of volatility, the recovery in crude oil prices so far this year could support growth in North America, drilling services company Halliburton said. ... more |
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Oil spill disasters in the past 50 yearsParis (AFP) Jan 22, 2018 Concerns are growing over an oil slick off China's east coast after an Iranian tanker, the Sanchi, exploded and sank a week ago following a collision at sea. ... more
Transocean shareholders back acquisition of Songa OffshoreWashington (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. ... more
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
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 commitments
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 |
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Tribal feuds spread fear in Iraq's Basra 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 |
US nuclear review calls for development of low-yield weapons Washington (AFP) Jan 17, 2018
The US military wants to overhaul its atomic arsenal and develop a new type of low-yield weapon that experts worry could lead to greater proliferation and heighten the risk of nuclear war.
The proposed changes to the nuclear weapons program, outlined in a draft version of the Pentagon's Nuclear Posture Review, mark a significant break from the vision for America's nuclear future under Barack ... more |
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Clamour of calls for more UK military funds amid Russia, cyber threat London (AFP) Jan 23, 2018 Former defence secretary Michael Fallon joined calls Monday for more British military spending, as the head of the army said the country may struggle to match Russian battlefield capabilities and another security chief warned a major cyber-attack on the UK is likely by 2020.
Fallon, speaking at the Defence and Security Forum in his first speech since resigning from the Cabinet over a sexual ... more |
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