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  Washington (UPI) Feb 1, 2018 Looking ahead to first quarter 2018 performance, Royal Dutch Shell said exploration and production earnings may be impacted by divestments. Shell on Thursday reported earnings attributable to shareholders in the fourth quarter was $3.1 billion, about triple the level from the same period in 2016. That metric for the third quarter, however, was closer to $3.7 billion. Shell is still trying to trim down and retool its operations after its 2015 mega merger with British energy company BG Gro ... read more |
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Method of petroleum extraction based on injections of nanosized metal oxide colloidsKazan, Russia (SPX) Feb 02, 2018 Sergey Sitnov, Senior Research Associate of the Laboratory, is one of the seven 2017 Russian Presidential Grant winners from KFU. His work at the laboratory focuses on finding ways to increase effic ... more 
Offshore Asia-Pacific not prepared for decommissioningWashington (UPI) Feb 1, 2018 Hundreds of Asia-Pacific fields could stop production in the next decade and the industry is unprepared to handle the decommissioning task, analysis finds. ... more 
Oil prices shrug off U.S. recordWashington (UPI) Feb 1, 2018 Crude oil prices shot back toward the $70 mark early Thursday after reports of a drain in gasoline inventories as traders shrugged off big U.S. oil gains. ... more 
Lundin Petroleum posts income and production gainsWashington (UPI) Feb 1, 2018 Already expecting gains from one of Norway's biggest offshore fields, Lundin Petroleum said its full-year production last year improved by nearly 50 percent. ... more |
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Dutch farmers protest fracking as govt set to cut gas outputThe Hague (AFP) Feb 1, 2018 The Dutch government Thursday appeared poised to meet demands to halve production at Europe's biggest gas field, as dozens of farmers mounted tractors to protest damaging earthquakes in the region. ... more 
Mexico draws nearly $100 billion from offshore auctionWashington (UPI) Feb 1, 2018 The Mexican government said it estimated the reserve potential for the 19 contracts awarded in its latest auction approach 3 billion barrels. ... more 
Weakened Japan takes on more Kuwaiti oilWashington (UPI) Feb 1, 2018 Kuwait, the fourth-largest crude oil exporter to Japan, said Thursday that December levels were more than 30 percent higher than at the same time in 2016. ... more 
Cuban oil drilling one step closer to realityWashington (UPI) Jan 31, 2018 Cuban authorities have issued the local consent necessary to move forward with plans for oil drilling onshore, Australia's Melbana Energy said Wednesday. ... more 
BP makes two North Sea oil discoveriesWashington (UPI) Jan 31, 2018 With the announcement of two new discoveries in the North Sea, British energy company BP said Wednesday it could double its production there by 2020. ... more 
Alberta cries foul over proposed limit on oil transitWashington (UPI) Jan 31, 2018 A proposal to limit the movement of heavy oil through British Columbia is a political ploy that borders on a constitutional violation, oil-rich Alberta said. ... more 
U.S. shale gains pushing oil prices lowerWashington (UPI) Jan 31, 2018 Emerging supply-side strains from the United States, and the announcement Wednesday of new discoveries, sent oil prices lower in early Wednesday trading. ... more |
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 Hess Corp. keeps spending plans static 
Total, Chevron declare major oil find in the Gulf of MexicoWashington (UPI) Jan 31, 2018 French energy company Total said Wednesday it made what it considers the largest discovery it's ever made in the U.S. waters of the Gulf of Mexico. ... more
Oil slips on signs of build-up in suppliesWashington (UPI) Jan 30, 2018 Crude oil prices continued to pull back from recent highs Tuesday on signs that supply-side pressures were catching up with much-watched inventory metrics. ... more 
Exxon gives Trump an early warm up for victory lapWashington (UPI) Jan 30, 2018 A major build up in operations in the Gulf of Mexico, and billions of dollars in shale oil spending, is a response to the U.S. tax overhaul, Exxon Mobil said. ... more  |
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Moody's sees "default event" for Noble GroupWashington (UPI) Jan 30, 2018 Noble Group, once in the oil and gas business, has cut its debt and improved liquidity through restructuring, but might not return to profitability, Moody's said. ... more 
High demand, high oil prices mean pain at the pumpWashington (UPI) Jan 30, 2018 Higher crude oil prices and an increase in consumer demand, even during the winter, means higher prices for gasoline, retail sector analysis finds. ... more 
US praises Qatar ties but calls for Gulf unityWashington (AFP) Jan 30, 2018 The United States praised Qatar for its improved counterterrorism cooperation Tuesday and warned that its rift with Saudi Arabia and other Gulf neighbors has hurt the fight against extremism. ... more 
BP makes $5 million bet on electric vehiclesWashington (UPI) Jan 30, 2018 As a U.S. counterpart pledges billions for spending on shale, British energy company BP said Tuesday it spent $5 million on Europe's electric vehicle network. ... more
Florida senator concerned with offshore drilling safetyWashington (UPI) Jan 30, 2018 A senator from Florida, a state at the heart of debate over President Trump's offshore drilling plans, said the roll-back of safety standards lacked guidance. ... more 
Canadian oil exports by rail increasingWashington (UPI) Jan 30, 2018 With Canadian crude oil production up slightly, and given infrastructure limitations, federal data show oil exports by rail at a historic high. ... more |
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 Dutch have done human, animal diesel tests 'for years' 
Tillerson: U.S. has what it takes to ensure Polish energy securityWashington (UPI) Jan 29, 2018 It's U.S. companies, not those in Russia, that have the right products to ensure energy security for Poland, a visiting U.S. secretary of state said. ... more
Supply-side pressures bruise oil pricesWashington (UPI) Jan 29, 2018 A post-Davos rebound in the value of the U.S. dollar, coupled with emerging supply-side strains, pushed the price of crude oil lower on Monday. ... more 
Iran reviewing data recorder from sunken Sanchi oil tankerWashington (UPI) Jan 29, 2018 A committee set up to examine what happened to the Sanchi oil tanker, an Iranian vessel that sank in mid-January, said Monday it's looking at black box data. ... more 
Iran says oil production could increase with foreign helpWashington (UPI) Jan 29, 2018 Iran could increase total oil production capacity by more than 1 million barrels per day if talks with foreign partners pan out, the oil minister said. ... more |
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 Baghdad (AFP) Jan 31, 2018 
Iraq's Police football club, owned by the country's interior ministry, was banned Wednesday from playing in Baghdad's main stadium following a brawl between police and stadium guards.
The confrontation broke out as guards tried to keep out an Al-Shorta - which means "police" in Arabic - club official who had opened fire on a rival team's bus on January 21, without causing casualties.
O ... more |
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 Washington (UPI) Jan 31, 2018 
Charles Stark Draper Laboratory was awarded a contract for submarine-launched Trident nuclear missile guidance systems.
The deal, announced Tuesday by the Department of Defense, is valued at more than $65.5 million under the terms of a fixed-price-incentive, cost-plus-incentive-fee contract, which is a modification on a previous contract award.
The agreement between Charles Stark ... more |
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 Hong Kong (AFP) Jan 29, 2018 
A Hong Kong pro-democracy candidate has been given last-minute clearance to stand for election after public anger at government meddling in vote nominations, as Beijing increases pressure on the city's activists.
The decision to approve the nomination of Edward Yiu on Monday, hours before the deadline, came two days after fellow pro-democracy candidate Agnes Chow, 21, was barred from standi ... more |
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 Bamako (AFP) Jan 31, 2018 
A missing mayor in northern Mali was "kidnapped by armed men", his family and a security source said Wednesday, as the nation's most powerful jihadist group claimed a string of attacks last week.
Baba Ould Cheikh, the mayor of Tarkint in the Gao region, was snatched by six armed men between January 21 and 23, a member of his family told AFP, underlining increasing insecurity months ahead of ... more |
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 Washington (UPI) Jan 24, 2018 
EFW Inc. has been awarded a contract for Apache Aviator Integrated Helmets and associated spare parts for the U.S. Army.
The deal, announced Tuesday by the Department of Defense, is valued at more than $12.6 million under the terms of a firm-fixed-price contract agreement.
The Apache Aviator Integrated Helmet is a critical piece of hardware for pilots of the AH-64 Apache helicopt ... more |
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 Beijing (AFP) Jan 25, 2018 
British Prime Minister Theresa May will visit Beijing next week, China said Thursday, as her country looks to bolster trade links ahead of its departure from the European Union.
The relationship between the two countries has grown in importance as London contemplates its economic future after it officially leaves the EU in March 2019.
May will be in China from January 31 to February 2 in ... more |
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 Beijing (AFP) Jan 31, 2018 
Beijing criticised the "outdated Cold War mentality" of the United States Wednesday after President Donald Trump named China among threats to American values in his State of the Union address.
In recent weeks, US officials have laid the groundwork for a strategic pivot that envisions a world of renewed great power competition with the likes of Russia and China.
In his State of the Union ... more |
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