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Royal Dutch Shell sees big profits, but lower cash flow![]() 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 |
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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| Previous Issues | Feb 01 | Jan 31 | Jan 30 | Jan 29 |
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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
Hess Corp. keeps spending plans staticWashington (UPI) Jan 31, 2018 Spending of around $2 billion for exploration and production is unchanged from last year, but focuses more on Guyana and North Dakota, Hess Corp. said. ... more
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 lap
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 |
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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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Bio-renewable process could help 'green' plastic Madison WI (SPX) Jan 29, 2018
When John Wesley Hyatt patented the first industrial plastic in 1869, his intention was to create an alternative to the elephant tusk ivory used to make piano keys. But this early plastic also sparked a revolution in the way people thought about manufacturing: What if we weren't limited to the materials nature had to offer?
Over a century later, plastics are an abundant part of daily life. ... more |
Kyocera TCL Solar completes 21MW solar plant on repurposed land Tokyo, Japan (SPX) Feb 02, 2018
Kyocera Corporation and Tokyo Century Corporation report that Kyocera TCL Solar LLC has completed construction of a 21.1 megawatt (MW) utility-scale solar power plant in Hagi City, Yamaguchi Prefecture, Japan. 78,144 Kyocera solar modules were installed on approximately 1km2 of land originally planned for the construction of an industrial waste disposal facility which was abandoned, then repurpo ... more |
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Ireland pushing for greener economy Washington (UPI) Jan 31, 2018
The Irish government, despite what happens for Great Britain, is committed to the European Union's energy and renewable policies, the environment minister said.
"Ireland is now a world leader in integrating renewables onto the electricity grid," Irish Environment Minister Denis Naughten said in comments emailed Wednesday from a renewable energy conference in Dublin. "Whatever the final ... more |
Thorium reactors may dispose of enormous amounts of weapons-grade plutonium Tomsk, Russia (SPX) Jan 30, 2018
Scientists from the School of Nuclear Science and Engineering of Tomsk Polytechnic University are developing a technology enabling the creation of high-temperature gas-cool low-power reactors with thorium fuel.
TPU scientists propose to burn weapons-grade plutonium in these units, converting it into power and thermal energy. Thermal energy generated at thorium reactors may be used in hydro ... more |
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Most of last 11,000 years cooler than past decade in North America, Europe Laramie WY (SPX) Feb 01, 2018
University of Wyoming researchers led a climate study that determined recent temperatures across Europe and North America appear to have few, if any, precedent in the past 11,000 years.
The study revealed important natural fluctuations in climate have occurred over past millennia, which would have naturally led to climatic cooling today in the absence of human activity.
Bryan Shuman, ... more |
California wants 5 million 'green' cars on roads by 2030 Los Angeles (AFP) Jan 27, 2018
California Governor Jerry Brown Friday signed an executive order detailing aims to have five million electric cars on the state's roads by 2030 - by accelerating the production of such vehicles using financial incentives and rebates.
The $2.5 billion, eight-year plan also involves the installation of 250,000 electric vehicle charging stations and 200 hydrogen fueling stations by 2025.
" ... more |
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Iraq 'police club' banned after football brawl 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 |
U.S., U.K. to upgrade ballistic missile guidance system 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 democracy candidate cleared to run in fraught vote 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 |
Mali mayor kidnapped by armed men: family 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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EFW tapped to provide Apache aviator helmets 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 |
British PM to visit China as Brexit looms 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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China urges Trump to drop 'Cold War mentality' 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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These bacteria produce gold by digesting toxic metals Halle, Germany (SPX) Feb 01, 2018
High concentrations of heavy metals, like copper and gold, are toxic for most living creatures. This is not the case for the bacterium C. metallidurans, which has found a way to extract valuable trace elements from a compound of heavy metals without poisoning itself. One interesting side-effect: the formation of tiny gold nuggets.
A team of researchers from Martin Luther University Halle-W ... more |
Researchers identify 'anxiety cells' inside the brains of mice Washington (UPI) Jan 31, 2018
Scientists have identified a new group of cells associated with the fight-or-flight response of mice. Researchers detailed their discovery of the so-called anxiety cells this week in the journal Neuron.
"We call these anxiety cells because they only fire when the animals are in places that are innately frightening to them," Rene Hen, a professor of psychiatry at Columbia University Irvi ... more |
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