Oil News and Gas News
February 23, 2018
OIL AND GAS
U.S. says planned sales of strategic oil reserves can't hurt



Washington (UPI) Feb 22, 2018
Even with planned sales from its strategic reserves, the United States can still meet its obligations to cover an import shortage, the government said. A section of the spending bill signed by U.S. President Donald Trump this month called for the sale of barrels from the Strategic Petroleum Reserve, an asset set up in the 1970s as part of a response to the oil embargo imposed on the United States by Arab members of the Organization of Petroleum Exporting Countries. Last year, the sale of ... read more

OIL AND GAS
OPEC balancing act depends on over-performance
Washington (UPI) Feb 22, 2018
Compliance with the OPEC-led effort to balance the market with production cuts was supported by "several over-performing countries," a committee said. ... more
OIL AND GAS
Oil and gas services company TechnipFMC wounded, but optimistic
Washington (UPI) Feb 22, 2018
Oil and gas services company TechnipFMC faced lingering markets pressures in the fourth quarter as revenues fell, but expressed optimism about the year ahead. ... more
OIL AND GAS
Oil prices move higher after Libyan oil field evacuated
Washington (UPI) Feb 22, 2018
A mixed report on total U.S. petroleum inventories and word of labor-related issues in OPEC-member Libya helped lift oil prices early Thursday. ... more
OIL AND GAS
Japan confirms oil from wrecked tanker hitting its beaches
Tokyo (AFP) Feb 23, 2018
Oil that has washed ashore on several southern Japanese islands is likely from an Iranian tanker that sank in the East China Sea last month, Japan's coastguard said Friday. ... more


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OIL AND GAS
Iran warns on nuke deal if banks cannot do business
London (AFP) Feb 22, 2018
Iran's top nuclear negotiator for its 2015 deal with international powers warned on Thursday that the agreement was under threat unless foreign businesses and banks were able to trade freely in the country. ... more
OIL AND GAS
Earthquakes in southern Kansas linked with wastewater disposal patterns
Washington (UPI) Feb 21, 2018
Seismographs have documented a significant increase in earthquakes in southern Kansas over the last five years, and the latest research suggests the oil and gas industry's hydraulic fracturing activity is to blame. ... more
OIL AND GAS
Austria's OMV sees Brent at $60 for the year
Washington (UPI) Feb 21, 2018
Austrian energy company OMV said Wednesday it returned to profit in the fourth quarter and expected the price of crude oil to average $60 per barrel this year. ... more
OIL AND GAS
Rig company Transocean sees hope in crude oil price recovery
Washington (UPI) Feb 21, 2018
Rig company Transocean said it was upbeat about the recovery in crude oil prices so far this year, but acknowledged operating in challenging market conditions. ... more
OIL AND GAS
Oil prices falter out of the Wednesday gate on demand sentiment
Washington (UPI) Feb 21, 2018
Anticipation of gains in U.S. crude oil production and long-term forecasts for an energy market shift sent crude oil prices lower in early Wednesday trading. ... more
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OIL AND GAS
Norway's oil and gas production steady
Washington (UPI) Feb 21, 2018
Total natural gas production from Norwegian basins in January improved, though not as much as oil when compared with the previous month, data show. ... more
OIL AND GAS
Kuwait's first film on Iraq invasion to make local debut
Kuwait City (AFP) Feb 21, 2018
Kuwaiti cinemas on Thursday will launch public screenings of "Swarm of Doves", the Gulf state's first feature-length film about the 1990 invasion of the Gulf state by Saddam Hussein's Iraq. ... more
OIL AND GAS
A bad year for oil and gas transparency, watchdog says
Washington (UPI) Feb 21, 2018
From the mixing of U.S. policies and special interests, to backing away from transparency in oil and gas, it's been a "very bad year," a watchdog group said. ... more
OIL AND GAS
Oil seen flowing onshore in Jamaica
Washington (UPI) Feb 21, 2018
Oil was found flowing naturally for the first time ever onshore in Jamaica at two locations in what could be a door opener in the Caribbean, companies said. ... more
OIL AND GAS
Iran, India shake hands on energy
Washington (UPI) Feb 19, 2018
After signing a handful of agreements in India, Iranian President Hassan Rouhani said his country was ready to meet the country's energy needs. ... more


Chevron resumes drilling in Iraqi Kurdistan

OIL AND GAS
Iraq wants oil exported through Turkey
Washington (UPI) Feb 20, 2018
The Iraqi government said it wants to discuss with Turkey the potential for moving oil again from federal territory to a port on the Mediterranean Sea. ... more
OILGASDAILY



OIL AND GAS
U.S. consumer gas prices still inching lower
Washington (UPI) Feb 20, 2018
U.S. consumers are finally catching a break when they head to the gas station as retail prices follow the price of oil lower, market analysis finds. ... more
OIL AND GAS
Oil prices mixed despite OPEC chatter on long-term coordination
Washington (UPI) Feb 20, 2018
Chatter from OPEC wasn't enough to offset a slowdown in the OECD economies in the fourth quarter, leaving crude oil prices mixed in early Tuesday trading. ... more
OIL AND GAS
Platts: Norwegian oil field too big to ignore for possible Brent update
Washington (UPI) Feb 20, 2018
Once production starts from the Johan Sverdrup oil field in the North Sea, it could be a component of the basket of oils that make up Brent, Platts reported. ... more
OIL AND GAS
Russia mulls LNG option for Pakistan
Washington (UPI) Feb 20, 2018
Russia could help improve energy security for Pakistan through the delivery of liquefied natural gas, the Russian foreign minister said Tuesday. ... more
OIL AND GAS
BHP expecting bids for its U.S. shale holdings by June
Washington (UPI) Feb 20, 2018
In reporting its results for the second half of 2017, Australian mining giant BHP Billiton said it's expecting initial bids for its U.S. shale assets by June. ... more
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Fungal enzymes could hold secret to making renewable energy from wood
York UK (SPX) Feb 20, 2018
An international team of researchers, including scientists from the University of York, has discovered a set of enzymes found in fungi that are capable of breaking down one of the main components of wood. The enzymes could now potentially be used to sustainably convert wood biomass into valuable chemical commodities such as biofuels. As an alternative to coal and oil, wood is increasingly ... more
+ The new bioenergy research center: building on ten years of success
+ Indonesia eyes lax palm oil rules in EU trade deal: leak
+ Argonne and Energy Vision demonstrate Renewable Natural Gas as transport fuel
+ Biochar could replace unsustainable peat moss in greenhouse industry
+ Lithuanian researchers: Wastewater treatment plants could generate electricity
+ Calculating the CO2 emissions of biofuels is not enough
+ Bio-renewable process could help 'green' plastic
EU nations should seize chance to boost renewable energy: study
Brussels (AFP) Feb 20, 2018
EU member states should take advantage of falling costs for renewable energy to invest more in the sector and make it account for a third of total energy output by 2030, an new report said Tuesday. The International Renewable Energy Agency (IRENA) study said the European Union could make renewables account for 34 percent of total production by 2030, up from the current target of 27 percent a ... more
+ United Sun Systems and DoE launch new super cheap solar battery system
+ Leclanche selects NEXTracker's NX Drive Energy storage system for various applications
+ Governor Cuomo Announces More Than 1,000 Percent Growth Of Solar Power In New York
+ Greensmith Energy storage technology selected to deliver reliable solar power in Massachusetts
+ GE partners with Scatec Solar for the 162-Megawatt solar project in Brazil
+ U.S. solar segment depended on Asia in 2016
+ China's Solar-Powered Drone Test-Fires Missiles in Near Space


World's first floating wind farm put to the test
Washington (UPI) Feb 15, 2018
Put to the test with high winds and strong seas, Norway's Statoil said a floating wind farm in Scottish waters shows promise for deepwater installations. During its first three months in service, the company's Hywind Scotland floating wind farm, the first of its kind, was put to the test and performed better than expected. Hurricane Ophelia in October pummeled the wind farm with 80 mile ... more
+ New wind farm construction starts in Italy
+ Ireland pushing for greener economy
+ 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
Researchers run first tests of unique system for welding highly irradiated metal alloys
Oak Ridge TN (SPX) Feb 20, 2018
Scientists of the Department of Energy's Light Water Reactor Sustainability Program (LWRS) and partners from the Electric Power Research Institute (EPRI) have conducted the first weld tests to repair highly irradiated materials at DOE's Oak Ridge National Laboratory. The welding system, designed and installed in a hot cell at ORNL's Radiochemical Engineering Development Center, safely encl ... more
+ Austria sues over EU approval of Hungary nuclear plant
+ Toshiba tips return to black as it sells chip, nuclear units
+ Turkey's first nuclear power plant set for investor shake-up: reports
+ 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
Daily Newsletters - Space - Military - Environment - Energy

Even without the clean power plan, US can achieve Paris Agreement emissions reductions
Pittsburgh PA (SPX) Feb 19, 2018
Carnegie Mellon University researchers have calculated that the U.S. can meet - or even beat - the near-term carbon dioxide emission reductions required by the United Nations Paris Agreement, despite the Trump Administration's withdrawal of the Clean Power Plan (CPP). Published in an Environmental Science and Technology viewpoint, the CMU team used data from U.S. Energy Information Adminis ... more
+ Key to predicting climate change could be blowing in the wind, researchers find
+ Research identifies 'evolutionary rescue' areas for animals threatened by climate change
+ Extreme weather to rise even if Paris goals are met: study
+ US intel chief issues warning about climate change
+ Worsening Ethiopian drought threatens to end nomadic lifestyle
+ S.Africa declares drought a 'national disaster'
+ Reducing the footprint of a greenhouse gas more potent than carbon dioxide
Though EV demand is growing, range anxiety remains a concern
Washington (UPI) Feb 21, 2018
After a forecast for gains in deployment, feedback from a forum by a state public service commission found range anxiety for electric vehicles was a concern. British energy company BP reported in an annual forecast that it expected 180 million electric vehicles on the world's roads by 2035. That's expected to crimp global oil demand in the coming years as about 30 percent of total miles ... more
+ Judges delay ruling on diesel bans for German cities
+ Optimizing recycling of scrap car parts yields big savings
+ Daimler juices electric trucks with road tests, investments
+ Prosecutors raid former Audi board members in diesel probe
+ German court could open way to bans on diesel cars
+ VW, Daimler face more recalls over emissions cheating: report
+ Maximizing the environmental benefits of autonomous vehicles


Yazidi survivor won't return to Iraq for fear of new 'genocide'
Geneva (AFP) Feb 23, 2018
Farida Abbas Khalaf, one of thousands of Yazidi women abducted, raped and brutalised by Islamic State group fighters, says the jihadists' departure has not made it safe to return to Iraq. "Everything is still the same. The same people who joined (IS) are still in those neighbourhoods. How can we return and trust them again?" Khalaf said in an interview with AFP this week. "Who will guara ... more
+ Lebanese president makes landmark visit to Iraq
+ IS ambush kills 27 pro-government fighters in Iraq
+ Iraqi state holds key to Yazidi return to Sinjar: ICG
+ Iraq hands 6-year jail term to German jihadist teen: judiciary
+ Battle to free Mosul of IS 'intellectual terrorism'
+ Romance returns to Iraq's war-torn Mosul
+ Iraq's girl weightlifters also boost family finances
China investigates suspected N. Korea sanctions breach
Beijing (AFP) Feb 22, 2018
China said Thursday it was investigating allegations that a ship marked with Chinese characters transferred cargo to a North Korean vessel in a potential violation of UN sanctions on the high seas. Japan has said a military patrol plane and an escort vessel observed the alleged transfer in the East China Sea last week. It is the third time this year that Tokyo has reported a cargo transf ... more
+ Iran sticking to nuclear deal: UN watchdog
+ US Secret Service denies China nuclear football 'skirmish'
+ UN draft calls for 'measures' over Iran missiles to Yemen
+ Japan reports suspected North Korea sanctions breach
+ S. Korea's Moon says 'too early' for Pyongyang summit
+ Tillerson to N.Korea on talks: 'I'm listening'
+ Son of dead environmentalist in Iran says family threatened
Daily Newsletters - Space - Military - Environment - Energy

China rules out arson in Tibetan temple fire
Beijing (AFP) Feb 22, 2018
Chinese authorities have ruled out arson as the cause of a recent fire at Tibetan Buddhism's holiest temple, state media reported Thursday, adding an important Buddha statue had emerged "intact" from the blaze. The report is the first official account of Saturday's fire at the more than 1,300-year-old Jokhang Temple, after authorities suppressed social media accounts of the incident, leadin ... more
+ In China's eSport schools students learn it pays to play
+ China takes over Anbang, prosecutes ex-boss for 'economic crimes'
+ Hong Kong activist on trial over riots
+ China angered by theft of Terracotta Warrior's thumb
+ MGM China to open mega resort in Macau as high rollers return
+ China's former internet czar expelled from Communist Party
+ Mercedes apologises to China after quoting Dalai Lama
Mali blast kills two French soldiers
Paris (AFP) Feb 21, 2018
Two soldiers from France's counter-terrorism force in West Africa were killed and another was hurt Wednesday when their vehicle struck a mine in northeast Mali. The French army said the attack took place near Mali's borders with Niger and Burkina Faso, a bastion of jihadist activity where three French soldiers were injured in an attack last month. Their deaths brought to 12 the number o ... more
+ Weah's promised land: Liberia confronts age-old disputes
+ EU pledges cash to protect nature reserve in Chad
+ S. Africa widens hunt for Zuma allies to India, China
+ Cameroon's army denies alleged atrocities in restive anglophone regions
+ Rapid land changes forecast for East African savannahs
+ African Union head calls China spying report 'lies'
+ Nigeria to send troops to restive central states: army


Canada to accept bid from Boeing for new fighter jets
Ottawa (AFP) Feb 23, 2018
Canada said Thursday it was allowing Boeing to submit a bid to replace the country's aging F-18 fleet, after an earlier trade dispute between the American manufacturer and Ottawa. The announcement came a month after the US International Trade Commission rejected a complaint filed by Boeing against its Canadian rival Bombardier, demanding nearly 300 percent anti-dumping duties on the C Series ... more
+ Bell to support Marine Corps' Viper helicopters
+ Air Force replaces T-38C with T-X for pilot training
+ Extreme conditions await MH370 recovery if wreckage found
+ US fighter jet drops fuel tanks in Japan accident
+ Air Force makes way for the B-21 Raider to replace B-1B, B-2 bombers
+ Chinese woman follows handbag into X-ray scanner
+ Israel to receive F-35 air vehicle deliveries
HSBC profits surge as CEO departs
London (AFP) Feb 20, 2018
Profits at HSBC surged during 2017, in part thanks to a strong Asian performance, the global banking giant said Tuesday as it looks to the future without long-serving chief executive Stuart Gulliver. Net profit ballooned to $9.7 billion (7.9 billion euros) last year, from $1.3 billion in 2016 when the Asia-focused bank was hit by huge restructuring charges and writedowns. London-headquar ... more
+ WTO chief urges US to avoid paralysing trade system
+ Macau sees future in Portuguese past
+ Funding evaporates for Nicaragua's $50 billion ocean-to-ocean canal
+ US eyes heavy tariffs on China, Russia to counter steel, aluminum glut
+ After stunning growth streak, Amazon ambitions seem boundless
+ Trump threatens China sanctions, vows to rework S.Korea trade deal
+ Beijing ups trade tensions with new measures on key US chemical
Daily Newsletters - Space - Military - Environment - Energy

Defying US, Paris and Berlin stand firm on EU defence pact
Munich, Germany (AFP) Feb 16, 2018
Europe must be able to stand on its own feet militarily, France and Germany said Friday as they made the case for a new EU defence pact that has rattled Washington. In opening remarks at the Munich Security Conference, French Defence Minister Florence Parly and her German counterpart Ursula von der Leyen said the EU plan posed no threat to NATO. But they stressed that the European Union ... more
+ Baltic presidents to visit Trump on April 3
+ Merkel warns against China's influence in Balkans
+ West's attitude stoking tensions in Balkans: Lavrov
+ Slovenian army fails NATO combat readiness test
+ German army facing 'big gaps' as spending cuts bite
+ Polish PM slams NATO 'free riders' before Berlin visit
+ US says NATO closing gaps in alliance unity


The plastics industry is leaking huge amounts of microplastics
Gothenburg, Sweden (SPX) Feb 21, 2018
The problem of plastic pellets in marine environments has been reported since the 1970s and the first recommendations for legislation were introduced in the USA back in the 1990s. However, in Sweden, these spills have only received attention in recent years. Small plastic pellets are used as raw materials. The pellets are shipped from the manufacturing site to different plants where they a ... more
+ Thai junta under pressure to tackle pollution 'crisis'
+ Judges to rule on diesel bans in choking German cities
+ Gaza to pump sewage straight into sea as crisis worsens
+ EU court says Poland broke air quality laws
+ Enhanced education could help turn the tide on marine litter
+ Taiwan to ban disposable plastic items by 2030
+ 3M settle Minnesota water pollution lawsuit for $850 mln
Brazil's senate approves military intervention in Rio
Bras�lia (AFP) Feb 21, 2018
Brazil's Senate overwhelmingly approved the army's takeover of security in Rio de Janeiro following a breakdown of law and order in drug-ravaged neighborhoods. Despite criticism that the military intervention could lead to violations of constitutional rights, while also failing to address the causes of the urban violence, the Senate voted late Tuesday by 55 to 13, with one abstention, in fav ... more
+ The AR-15 and America's love of military-style weapons
+ Five dead, 15 missing in Indonesia landslide
+ Japan welcomes WTO ruling on South Korea Fukushima food row
+ Puerto Rico, US Virgin Islands face painful hurricane recovery: NY Fed
+ Hundreds dead in Syria enclave as UN warns situation 'out of control'
+ Eleven missing, 14 injured in Indonesia landslide
+ Reducing bird-related tragedy through understanding bird behavior
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