Oil News and Gas News
February 14, 2018
OIL AND GAS
Iraq seeks $88.2 bln for reconstruction: minister



Kuwait City (AFP) Feb 12, 2018
Iraq needs $88.2 billion to rebuild after years of war against the Islamic State group, Planning Minister Salman al-Jumaili said Monday, as an international conference on the country's reconstruction opened in Kuwait. Iraq hopes to raise billions of dollars in pledges at the three-day meeting, as the country reels from the rise of IS and punishing fightback against the jihadist group. Baghdad declared victory against IS in December, after almost three years of war against the jihadist group that ... read more

OIL AND GAS
OPEC: United States leads in new oil production
Washington (UPI) Feb 12, 2018
Economists at the Organization of Petroleum Exporting Countries said they expected more oil from non-member states, with the United States leading the pack. ... more
OIL AND GAS
Oil prices bounce back after rough week in equities
Washington (UPI) Feb 12, 2018
Crude oil prices recovered lost ground in early Monday trading on expectations of strong global demand and a rebound in global stock markets. ... more
OIL AND GAS
SMU study finds earthquakes continue for years after gas field wastewater injection stops
Dallas TX (SPX) Feb 14, 2018
Efforts to stop human-caused earthquakes by shutting down wastewater injection wells that serve adjacent oil and gas fields may oversimplify the challenge, according to a new study from seismologist ... more
OIL AND GAS
Canada's Suncor moves into Norwegian waters
Washington (UPI) Feb 12, 2018
Independent Norwegian producer Faroe Petroleum said Monday it was bringing a regional subsidiary of Canada's Suncor into operations in the Norwegian Sea. ... more


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OIL AND GAS
IEA coordinates multilateral strategic oil release drill
Washington (UPI) Feb 12, 2018
More than three dozen countries participated in a broad-based global exercise meant to simulate a coordinated response to oil supply disruptions, the IEA said. ... more
OIL AND GAS
Bodies from Sanchi oil tanker returning home
Washington (UPI) Feb 12, 2018
The bodies of the sailors on the Sanchi oil tanker, which sank after colliding with a Chinese freighter, are on their way to Iran, Iran's news agency reported. ... more
OIL AND GAS
Family of Iran environmentalist demand post-mortem
Tehran (AFP) Feb 13, 2018
The family of an environmentalist who died in an Iranian prison have called for a post-mortem, their lawyer said Tuesday, rejecting claims by officials that they had accepted the explanation of suicide. ... more
OIL AND GAS
Fiscal year 2019 budget said to bolster U.S. offshore strategy
(UPI) Feb 13, 2018
The U.S. agency tasked with offshore energy said the 2019 budget plan helps ensure energy dominance, but its funding is only a small fraction of the outline. ... more
OIL AND GAS
Russia's Gazprom Neft makes new oil find
Washington (UPI) Feb 12, 2018
Russian energy company Gazprom Neft said it made a new discovery in a territory north of Kazakhstan said to hold more than 80 million barrels of reserves. ... more
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OIL AND GAS
Stalemate erupting offshore Cyprus
Washington (UPI) Feb 12, 2018
The Turkish government said its counterparts in Cyprus were over-reaching with their efforts to drill for oil and gas reserves in the Mediterranean Sea. ... more
OIL AND GAS
U.S. oil and gas improvements spreading out from Texas
Washington (UPI) Feb 7, 2018
Growth in U.S. exploration and production activity is spreading outside the Permian shale to the rest of the country, monthly figures indicate. ... more
OIL AND GAS
Oklahoma's earthquakes strongly linked to wastewater injection depth
Bristol UK (SPX) Feb 08, 2018
Man-made earthquakes in Oklahoma, USA, are strongly linked to the depth at which wastewater from the oil and gas industry are injected into the ground, according to a new study led by the University ... more
OIL AND GAS
Russia to boost Sudan military: Bashir
Khartoum (AFP) Feb 8, 2018
President Omar al-Bashir on Thursday said that Khartoum and Moscow have agreed on a programme to boost Sudan's military capabilities. ... more
OIL AND GAS
U.S. spending bill calls for sale of strategic oil reserves
Washington (UPI) Feb 9, 2018
A component of the bipartisan U.S. spending bill that called for the sale of strategic oil reserves was a consideration met with criticism on Friday. ... more


Uproar continues over Trump's offshore drilling plans

OIL AND GAS
Russia lowers key rate while striking upbeat tone
Washington (UPI) Feb 9, 2018
Volatility in food and crude oil prices could drive inflation in either direction for Russia, though its Central Bank said Friday it was lowering its key rate. ... more
OILGASDAILY



OIL AND GAS
Oil prices search for momentum on competing trends
Washington (UPI) Feb 8, 2018
Crude oil prices moved moderately lower in early Thursday trading, though strong U.S. oil output was offset somewhat by good economic news. ... more
OIL AND GAS
U.S. mulling over impact of oil-related sanctions on Venezuela
Washington (UPI) Feb 8, 2018
The U.S. government is weighing the potential negative impacts of placing sanctions on Venezuelan oil or oil-related products, the secretary of state said. ... more
OIL AND GAS
Oil prices slump, even after sigh of relief on passage of U.S. budget bill
Washington (UPI) Feb 9, 2018
Crude oil prices continued their losses in early Friday trading amid broad-based volatility and mounting concerns of supply-side pressures. ... more
OIL AND GAS
Iraq banks on private sector for post-IS reconstruction
Baghdad (AFP) Feb 10, 2018
Months after declaring victory over jihadists, war-battered Iraq hopes to attract billions of dollars from private investors as well as donors to fund its reconstruction. ... more
OIL AND GAS
Outlook for one of Norway's biggest oil fields improves
Washington (UPI) Feb 7, 2018
Most of the metrics, from the expected price of oil to break even to the resource range, have improved at one Norway's most promising fields, partners said. ... more
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Lithuanian researchers: Wastewater treatment plants could generate electricity
Kaunas, Lithuania (SPX) Feb 13, 2018
Researchers of Kaunas University of Technology (KTU), Lithuania are working on improving the efficiency of microbial fuel cells (MFC) by using modified graphite felt. Primary results show that the new MFC can generate 20 percent higher voltage than usual cells. Over the past 20 years, nearly three-fourths of human-caused emissions came from the burning of fossil fuels. Increasing pollution ... more
+ Calculating the CO2 emissions of biofuels is not enough
+ Bio-renewable process could help 'green' plastic
+ 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
NREL scientists demonstrate remarkable stability in perovskite solar cells
Golden CO (SPX) Feb 08, 2018
Researchers at the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) created an environmentally stable, high-efficiency perovskite solar cell, bringing the emerging technology a step closer to commercial deployment. Over the past decade, perovskites have rapidly evolved into a promising technology, now with the ability to convert about 23 percent of sunlight into elec ... more
+ Smart new method to manufacture organic solar cells
+ China's Solar-Powered Drone Test-Fires Missiles in Near Space
+ Production of solar fuels inches closer with discovery by Caltech scientists
+ New approach could quickly identify best organic solar cell mixtures
+ Cost-reduction roadmap outlines two pathways to meet DOE residential solar cost target for 2030
+ Monitoring positive charges in solar materials
+ Revealing the hidden path of perovskite formation


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
Turkey's first nuclear power plant set for investor shake-up: reports
Istanbul (AFP) Feb 6, 2018
The Turkish consortium that was to build Turkey's first nuclear power plant in a joint venture with the Russian atomic energy agency has pulled out of the ambitious project, reports said on Tuesday. The Cengiz-Kolin-Kalyon (CKK) consortium - made out of three major privately-owned Turkish industrial conglomerates - has left the project due to a failure to agree commercial terms, the state ... more
+ Thorium reactors may dispose of enormous amounts of weapons-grade plutonium
+ 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
Daily Newsletters - Space - Military - Environment - Energy

S.Africa declares drought a 'national disaster'
Cape Town (AFP) Feb 13, 2018
South Africa on Tuesday declared a "national disaster" over a drought that has ravaged parts of the country and threatened to leave homes in Cape Town without running water. The government said it had elevated the drought to a "national disaster" after reassessing its "magnitude and severity". Cape Town is in the grip of a three-year-long drought as sparse winter rains have failed to bri ... more
+ Worsening Ethiopian drought threatens to end nomadic lifestyle
+ US intel chief issues warning about climate change
+ Reducing the footprint of a greenhouse gas more potent than carbon dioxide
+ Climate variability - past and future
+ NETs will not compensate for inadequate climate change mitigation efforts: EASAC report
+ Most of last 11,000 years cooler than past decade in North America, Europe
+ France says it fell short on greenhouse gas emissions
Waymo, Uber end trade secrets theft trial with settlement
San Francisco (AFP) Feb 9, 2018
Waymo and Uber announced an agreement Friday in the blockbuster federal lawsuit over allegedly stolen trade secrets from the former Google self-driving car project. The surprise agreement ends a trial between the two Silicon Valley rivals competing in a race to develop autonomous cars, after four days of testimony before a federal judge in San Francisco. A source familiar with the confid ... more
+ Tesla aims to calm fears over Model 3 production
+ At trial, former Uber CEO seeks to fend off conspiracy talk
+ Nissan to invest $9.5 billion in China to drive sales
+ In court clash, Waymo says Uber decided 'to cheat' to get ahead
+ German prosecutors raid Audi again in 'dieselgate' probe
+ NREL research determines integration of plug-in electric vehicles
+ Tesla cars to have own motor racing competition


Iraqi air force to receive air training academy
Washington (UPI) Feb 12, 2018
Spartan Air Academy Iraq has been awarded a contract by the U.S. Army to establish an air training academy for the Iraqi air force. The deal, announced Friday by the Department of Defense, is valued at $45 million under a firm-fixed-price, indefinite-delivery, indefinite-quantity contract. The agreement calls for Spartan Air Academy Iraq, of Addison, Texas, to establish a flight ... more
+ France FM calls for Iraq reconciliation ahead of poll
+ Devastated Iraq seeks $90 billion for reconstruction
+ Iraq's girl weightlifters also boost family finances
+ Iraqi-US anti-corruption activist jailed for defamation
+ Suicide attack kills one in Iraq's Ramadi
+ Baghdad mayor has ambitious plans for her city
+ US-led coalition says 'adjusting' down forces in Iraq
Russians held for 'mining bitcoin' at top nuclear lab
Moscow (AFP) Feb 9, 2018
Engineers at Russia's top nuclear research facility have been detained after they attempted to mine bitcoin on its computers, Russian news agencies reported Friday. Several employees at the Russian Federal Nuclear Centre in the city of Sarov have been detained after making "an attempt to use the work computing facilities for personal ends, including for so-called mining," a spokeswoman for t ... more
+ North Korean nukes 'existential threat' to US: intel chief
+ UN chief urges dialogue in talks with N. Korea ceremonial leader
+ Iran military official: West used lizards for nuclear spying
+ Iran says dead environmentalist was part of CIA, Mossad spy network
+ Hard road ahead for Olympics detente: analysts
+ US, S. Korea united as inter-Korea talks occur: Pence
+ Questions surround prison death of Iranian-Canadian environmentalist
Daily Newsletters - Space - Military - Environment - Energy

China's former internet czar expelled from Communist Party
Beijing (AFP) Feb 13, 2018
China's former internet czar, who oversaw a tightening of online censorship during his tenure, has been expelled from the Communist Party for taking bribes, the top graft watchdog said Tuesday. More than 20 allegations against Lu Wei, ranging from serious crimes to criticisms of his character, were listed on the website of the Central Commission for Discipline Inspection, which announced the ... more
+ Mercedes apologises to China after quoting Dalai Lama
+ Publisher detained in China 'confesses', blames Sweden
+ 'Gotta find a way': Chinese rap in crisis after crackdown
+ Hong Kong schools shut over deadly flu outbreak
+ Vatican's delicate China mission runs into trouble
+ China says Swedish publisher held under criminal law
+ Hong Kong democracy activists walk free in appeal victory
Rapid land changes forecast for East African savannahs
York UK (SPX) Feb 13, 2018
A study, presenting a 5000-year environmental history of the popular tourist destination, Amboseli National Park in Kenya, has shown that the impact of climate change on land is more rapid than previously thought. Over the period, environmental changes surrounding the savannah and wetlands occur within decades, revealing a dynamic eco-system that is constantly evolving and responding to cl ... more
+ Cameroon's army denies alleged atrocities in restive anglophone regions
+ African Union head calls China spying report 'lies'
+ Nigeria to send troops to restive central states: army
+ France freezes assets of DR Congo general over civilian 'massacres'
+ Mali mayor kidnapped by armed men: family
+ Benin's threatened Pendjari National Park gets $23.5m boost
+ Suicide bomber kills four Malian soldiers


Boeing to upgrade Japanese AWACS aircraft
Washington (UPI) Feb 13, 2018
Boeing has been awarded a contract for mission computing upgrades in support of four Japanese E-767 aircraft and associated ground systems. The deal, announced Monday by the Department of Defense, is valued at more than $60.9 million under a hybrid fixed-price-incentive-firm, firm-fixed-price, cost-plus-fixed-fee, and cost-plus-incentive-fee contract. The Boeing manufactured E-76 ... more
+ Air Force makes way for the B-21 Raider to replace B-1B, B-2 bombers
+ Rheinmetall, Sikorsky team up on heavy lift helicopter for Germany
+ Senior officials to testify on physiological episodes in aircraft
+ Typhoon development hits milestone for U.K. air force with weapon test
+ Boeing, Embraer near deal on commercial air business: source
+ Malaysia says no mystery over 'missing' MH370 search ship
+ Lockheed Martin picks BAE Systems to modernize UAE's F-16 fleet
Trade on agenda as China's top envoy visits US
Washington (AFP) Feb 9, 2018
US Secretary of State Rex Tillerson welcomed Chinese state councillor Yang Jiechi to Washington on Thursday as the world's two most powerful diplomats talked trade, drugs and North Korea. Yang is in Washington for two days at a time when relations between the top powers are dominated by the North Korean nuclear stand-off and President Donald Trump's concerns about their trade imbalance. ... more
+ Beijing ups trade tensions with new measures on key US chemical
+ China 'worried' over US trade relations as surplus narrows
+ Chinese bank lending surges to record high in January
+ China looks to stamp out cryptocurrency trading
+ Xi wants 'new level' of China-Britain ties as May visits
+ May arrives in China eyeing post-Brexit trade links
+ China factory expansion slows again in January
Daily Newsletters - Space - Military - Environment - Energy

NATO chief warns EU over defence pact
Brussels (AFP) Feb 13, 2018
NATO chief Jens Stoltenberg on Tuesday warned the EU its new defence cooperation pact must not undermine the alliance, as US officials voiced fresh concerns about the flagship initiative. The European Union launched the scheme with great fanfare in December, touting it as a way to get member states to work more closely post-Brexit and spend more effectively on defence projects. But the p ... more
+ British warship to sail through disputed South China Sea
+ US power not in decline across Asia-Pacific: Dunford
+ China activity on reclaimed reef has eroded trust: ASEAN
+ Trump's military parade plan sparks backlashl
+ Blow to Macron plans for pan-EU MEPs after Brexit
+ Tillerson lands in Latin America with swipes at China and Venezuela
+ China urges Trump to drop 'Cold War mentality'


Germany eyes free transport to banish air pollution
Frankfurt Am Main (AFP) Feb 13, 2018
"Car nation" Germany has surprised neighbours with a radical proposal to reduce road traffic by making public transport free, as Berlin scrambles to meet EU air pollution targets and avoid big fines. The move comes just over two years after Volkswagen's devastating "dieselgate" emissions cheating scandal unleashed a wave of anger at the auto industry, a keystone of German prosperity. "We ... more
+ Dutch shipping bosses in court over 'toxic' ship dumping
+ Vietnam activist jailed for 14 years over fish kill protests
+ Duterte slams top Philippine tourist island as 'cesspool'
+ An efficient and sustainable way to filter salt and metal ions from water
+ In Kosovo's capital, 'breathing harms health'
+ Siberian smog monitors battle for clean air
+ An underestimated threat: Land-based pollution with microplastics
Hong Kong police probe deadly bus accident
Hong Kong (AFP) Feb 11, 2018
A deadly Hong Kong bus crash that killed 19 and left scores more injured was under investigation Sunday, with the city's leader calling for a wide-ranging inquiry as questions surfaced over the industry's long hours and low pay. Most victims of the accident on Saturday evening, which saw a double decker flip over and smash into a lamppost, were men aged in their 50s and 60s, according to loc ... more
+ Fukushima operator ordered to pay $10 million in new damages
+ Eight dead, three missing after China road collapse
+ Got a coastal bridge to retrofit? There's an optimal approach for that
+ Taiwan quake highlights hi-tech island's shoddy building past
+ French watchdog points at Russia over radiation cloud
+ Cape Town calls for hygiene blitz amid water crisis
+ Fukushima operator aims to double visitors by Tokyo Olympics
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