Oil News and Gas News
February 03, 2018
OIL AND GAS
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

OIL AND GAS
Method of petroleum extraction based on injections of nanosized metal oxide colloids
Kazan, 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
OIL AND GAS
Offshore Asia-Pacific not prepared for decommissioning
Washington (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 AND GAS
Oil prices shrug off U.S. record
Washington (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
OIL AND GAS
Lundin Petroleum posts income and production gains
Washington (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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OIL AND GAS
Dutch farmers protest fracking as govt set to cut gas output
The 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
OIL AND GAS
Mexico draws nearly $100 billion from offshore auction
Washington (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
OIL AND GAS
Weakened Japan takes on more Kuwaiti oil
Washington (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
OIL AND GAS
Cuban oil drilling one step closer to reality
Washington (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
OIL AND GAS
BP makes two North Sea oil discoveries
Washington (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
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OIL AND GAS
Alberta cries foul over proposed limit on oil transit
Washington (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
OIL AND GAS
U.S. shale gains pushing oil prices lower
Washington (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
OIL AND GAS
Hess Corp. keeps spending plans static
Washington (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
OIL AND GAS
Total, Chevron declare major oil find in the Gulf of Mexico
Washington (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 AND GAS
Oil slips on signs of build-up in supplies
Washington (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

OIL AND GAS
Moody's sees "default event" for Noble Group
Washington (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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OIL AND GAS
High demand, high oil prices mean pain at the pump
Washington (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
OIL AND GAS
US praises Qatar ties but calls for Gulf unity
Washington (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
OIL AND GAS
BP makes $5 million bet on electric vehicles
Washington (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
OIL AND GAS
Florida senator concerned with offshore drilling safety
Washington (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
OIL AND GAS
Canadian oil exports by rail increasing
Washington (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
24/7 Nuclear News Coverage
24/7 War News Coverage
24/7 War News Coverage



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
+ To maximize sugarcane harvesting, use the right blade
+ The making of biorelevant nanomaterials
+ Malaysia protest against EU push to ban palm oil in biofuels
+ New catalyst for hydrogen production is a step toward clean fuel
+ New study shows producers where and how to grow cellulosic biofuel crops
+ Solid-state physics offers insights into dielectric properties of biomaterials
+ Rice U.'s one-step catalyst turns nitrates into water and air
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
+ Solar heat could make power and water for Namibia
+ New discovery could improve organic solar cell performance
+ Less than half of EU members meet 2020 renewable targets
+ Solar PV cost reductions will offset impact of new tariffs on panel prices
+ Wynn resorts in Las Vegas makes solar power commitment
+ U.S. solar power backers look at cost-cutting steps
+ Off Grid Energy to launch new Hybrid Power Unit at 2018 Executive Hire Show


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
+ China wind turbine-maker guilty of stealing US trade secrets
+ Scotland sets up $83 million low-carbon fund
+ German offshore wind farm closer to powering mainland
+ The wave power farm off Mutriku could improve its efficiency
+ Turkey gets European loan for renewable energy
+ Oil-rich Alberta sees momentum for wind energy
+ Construction to start on $160 million Kennedy Energy Park in North Queensland
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
+ Framatome continues ramping up production at its Le Creusot site
+ USA: Framatome to acquire Instrumentation and Control nuclear business of Schneider Electric
+ Framatome nuclear fuel contract with CNNC
+ Framatome pursues the industrial and technological adventure of the nuclear energy business
+ Struggling Westinghouse Electric sold to Brookfield for $4.6 bn
+ Russia to build nuclear power plant in Sudan
+ Dominion Energy to buy troubled SCANA and shuttered nuclear projects
Daily Newsletters - Space - Military - Environment - Energy

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
+ NETs will not compensate for inadequate climate change mitigation efforts: EASAC report
+ France says it fell short on greenhouse gas emissions
+ How to reduce heat extremes by 3C
+ Latin Americans more concerned about climate change than US, Canada
+ Dimming the Sun to cool Earth could ravage wildlife: study
+ Temp targets will be missed within decades unless emissions reversed
+ Cape Town now faces dry taps by April 12
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
+ Waymo ramps up self-driving fleet with 'thousands' of cars
+ VW hid 'devastating' result from diesel exhaust tests on monkeys
+ Tesla cars to have own motor racing competition
+ VW suspends chief lobbyist over emission tests on monkeys
+ German carmakers under fire for diesel tests on humans, monkeys
+ Hyundai Motor 2017 net profit sinks 20.5%
+ Plug-in vehicles not yet straining U.S. grid


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
+ Iraqis maimed in battle struggle to survive as amputees
+ Interpol returns ex-minister wanted for corruption to Iraq
+ Eight dead as US-led strike hits Iraq forces
+ Facing death in Iraq, European jihadists won't get help from home
+ Three French female jihadists risk death sentence in Iraq
+ Tribal feuds spread fear in Iraq's Basra
+ IS poses threat to Iraq one month after 'liberation'
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
+ US ally Jordan cuts ties with NKorea
+ Russia casts doubt over evidence of Iran missiles to Yemen
+ Trump zeroes in on North Korea, Iran threats
+ UN Security Council to inspect 'Iranian-made' missile debris
+ S. Korea urges North to talk before military drills restart
+ Trump warns UN envoys on Iran's 'destabilizing' efforts
+ Netanyahu lashes out at Iran in talks with Putin
Daily Newsletters - Space - Military - Environment - Energy

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
+ China rights lawyer charged with 'inciting subversion'
+ Ex-governor urges British PM to speak out on Hong Kong in China visit
+ EU envoy urges China to release Swedish book publisher
+ Leading Hong Kong democracy activist banned from vote
+ China's #MeToo movement emerges, testing censors' limits
+ Chinese officials staging 'takeover' of Tibetan Buddhist academy: HRW
+ Anger over second 'snatching' of bookseller in China
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
+ Benin's threatened Pendjari National Park gets $23.5m boost
+ Suicide bomber kills four Malian soldiers
+ Two customs officers killed in Mali 'jihadist' attack
+ Somali forces kill boys in anti-Shabaab operation: US
+ US calls for South Sudan arms embargo after failed truce
+ S.Africa in 'new era', likely next president tells Davos
+ Seven Niger troops killed in Boko Haram attack


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
+ Australia welcomes fighter jets home after completing mission in Middle East
+ Jordan gets more US Black Hawks to bolster defences
+ Australia warplane catches fire during US training: military
+ Expert behind new MH370 search hopeful of find within a month
+ Eielson Air Base to receive F-35 weather shelter
+ New hunt for flight MH370 gets under way
+ Russia warplane flies within whisker of US jet: US Navy
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
+ China factory expansion slows again in January
+ American companies see a booming China that may not want them
+ Microsoft reports loss due to tax charge
+ Brexit dogs May as she eyes 'golden era' with China
+ Foreign reporters say China work conditions worsen
+ Xi wants 'new level' of China-Britain ties as May visits
+ Wanda stock skyrockets after $5.4bn Tencent tie-up
Daily Newsletters - Space - Military - Environment - Energy

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
+ Tillerson lands in Latin America with swipes at China and Venezuela
+ Japan, China talks end with friendship vows but no breakthrough
+ Russia doing 'absolutely nothing' to end Ukraine conflict: US envoy
+ Moscow says UK defence minister worthy 'of Monty Python'
+ NATO takes Russian meddling in polls 'very seriously'
+ Trump touts 'America First' to sceptical Davos elite
+ South Korea demands Japan close museum on disputed islands


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
+ EU summons France, Germany, UK to 'final chance' pollution talks
+ High-pressure air injections could aid contaminated soil cleanups
+ 'Toxic bloc' warned of EU legal action over air pollution
+ China's waste import ban upends global recycling industry
+ Global models offer new insights into Great Lakes mercury pollution
+ Temporary 'bathtub drains' in the ocean concentrate flotsam
+ Hong Kong engulfed in smog as fears grow over air
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
+ Dutch 'ill-prepared' for cross-border nuclear accident: probe
+ Dutch to help tourism firms on storm-hit Caribbean isles
+ Stressed-out Dhaka to get 'Anger Management Park'
+ Mammals and birds could have best shot at surviving climate change
+ As Paris mops up, warning of more floods in Europe's future
+ US 'cautiously optimistic' on Philippine drug war rights record
+ Displaced Iraqi women turn to handicrafts for survival
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