Oil News and Gas News
March 02, 2018
OIL AND GAS
Man-made earthquake risk reduced if fracking is 895m from faults



Durham UK (SPX) Mar 02, 2018
The risk of man-made earthquakes due to fracking is greatly reduced if high-pressure fluid injection used to crack underground rocks is 895m away from faults in the Earth's crust, according to new research. The recommendation, from the ReFINE (Researching Fracking) consortium, is based on published microseismic data from 109 fracking operations carried out predominantly in the USA. Jointly led by Durham and Newcastle Universities, UK, the research looked at reducing the risk of reactivating ... read more

OIL AND GAS
Statoil shows its commitment to British offshore exploration
Washington (UPI) Mar 1, 2018
Three new wells are planned as part of a multi-million-dollar drilling campaign that includes testing a new oil discovery made in British waters, Statoil said. ... more
OIL AND GAS
Winter Storm Emma strains British gas supplies
Washington (UPI) Mar 1, 2018
Severe weather striking the United Kingdom and parts of Europe means there's a deficit of natural gas on the market, a British utility said Thursday. ... more
OIL AND GAS
Spring gas prices could be the highest in two years
Washington (UPI) Mar 1, 2018
On average, motorists in the United States may be paying the highest price for gasoline since the summer of 2015, motor club AAA reported Thursday. ... more
OIL AND GAS
OMV sells off its Pakistan upstream unit
Washington (UPI) Mar 1, 2018
Austrian energy company OMV said it was leaving the Pakistani exploration and production sector behind with a $191 million divestment. ... more


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OIL AND GAS
U.S. supply builds send oil prices lower for second straight day
Washington (UPI) Mar 1, 2018
Supply-side strains resurfaced in the United States to help send crude oil prices on pace for a second day of heavy losses in Thursday trading. ... more
OIL AND GAS
Sanctions force Exxon out of joint venture with a Russian oil company
Washington (UPI) Mar 1, 2018
U.S. and European sanctions on Russia meant Exxon Mobil had to leave a joint venture with Russian oil company Rosneft, the U.S. supermajor said in a filing. ... more
OIL AND GAS
Chinese oil baron hit by investigation: report
Beijing (AFP) March 1, 2018
Shares of two firms linked to Chinese conglomerate CEFC China Energy tumbled Thursday after a report that its high-flying chairman was under investigation. ... more
OIL AND GAS
Economy for oil-rich Alberta beats United States
Washington (UPI) Mar 1, 2018
Economic growth in oil-rich province of Alberta beat gains from the United States on the back of higher oil prices, its government announced. ... more
OIL AND GAS
New funding surfaces for offshore Gambia
Washington (UPI) Feb 26, 2018
Up to $45 million in costs to drill a well off the Gambian coast is covered through a deal with Malaysian oil company PETRONAS, Australia's FAR Ltd. said. ... more
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OIL AND GAS
Shale-rich Oklahoma still facing seismic test
Washington (UPI) Feb 28, 2018
Shale-rich Oklahoma recorded a minor tremor early Wednesday, highlighting state struggles to address geological concerns in its energy sector. ... more
OIL AND GAS
Texas oil production topped 1 billion barrels last year
Washington (UPI) Feb 27, 2018
Total crude oil production from Texas last year topped 1 billion barrels and daily production in December was 5 percent higher year-on-year, data show. ... more
OIL AND GAS
Philippines says in talks with China state firm on joint sea exploration
Manila (AFP) March 1, 2018
The Philippines said Thursday it is in talks with a Chinese state firm for joint South China Sea energy resource exploration and extraction, in a proposed deal described by President Rodrigo Duterte as akin to "co-ownership" of contested areas. ... more
OIL AND GAS
Schlumberger and Subsea 7 propose joint venture
Washington (UPI) Feb 23, 2018
Working together through a joint venture will bring the best of both worlds to offshore oil and gas services, Schlumberger and Subsea 7 announced Friday. ... more
OIL AND GAS
Russian oil company Rosneft in the mix for northern Iraq
Washington (UPI) Feb 28, 2018
The rehabilitation of a pipeline from northern Iraq could be in the cards for global oil companies, Iraq's oil minister said at talks with a Russian company. ... more


Repsol says last year was a record setter

OIL AND GAS
Crude oil prices bounce back after supply-side jitters
Washington (UPI) Feb 28, 2018
Crude oil prices were in relatively stable territory in early Wednesday trading in a waiting game over supply and demand data, ignoring U.S. GDP figures. ... more
OILGASDAILY



OIL AND GAS
Seventh oil discovery made offshore Guyana
Washington (UPI) Feb 28, 2018
Production from offshore Guyana to more than a half million barrels per day is supported with the latest oil discovery, the seventh for a partnership. ... more
OIL AND GAS
U.S. shale player EOG Resources outspending its peers
Washington (UPI) Feb 28, 2018
U.S. shale player EOG Resources targeted spending for the year at 45 percent higher than 2017, though its production growth forecast was nearly the same. ... more
OIL AND GAS
Saudi crown prince flexes muscle with military shake-up
Riyadh (AFP) Feb 27, 2018
Saudi Arabia's sudden overhaul of military commanders is the latest power play by Crown Prince Mohammed bin Salman as he looks to revamp forces currently bogged down in Yemen. ... more
OIL AND GAS
For energy experts, new method is a gas
Newark DE (SPX) Feb 28, 2018
More than 30 states have shale formations that harbor natural gas underground, according to the Energy Information Administration. But industry experts can't agree on exactly how much fuel is inside ... more
OIL AND GAS
More production from offshore Norway closer to reality
Washington (UPI) Feb 27, 2018
A quarter of a billion dollars in development contracts puts the Nova field in the Norwegian waters of the North Sea closer to production, Wintershall said. ... more
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Digestive ability of ancient insects could boost biofuel development
York UK (SPX) Feb 27, 2018
A study of the unusual digestive system of an ancient group of insects has provided new insights into future biofuel production. Published in Nature Communications, the research reveals that the ability of some insects to efficiently digest cellulose could be exploited for industrial processes, such as the production of sustainable low carbon fuels to cut greenhouse gas emissions associate ... more
+ New tool tells bioengineers when to build microbial teams
+ Pausing evolution makes bioproduction of chemicals affordable and efficient
+ Malaysia to press EU on planned palm oil ban in biofuels
+ How biofuels from plant fibers could combat global warming
+ Evolution plays many tricks against large-scale bioproduction
+ Fungal enzymes could hold secret to making renewable energy from wood
+ The new bioenergy research center: building on ten years of success
World's first solar fuels reactor for night passes test
Almeria, Spain (SPX) Feb 27, 2018
International solar thermal energy researchers have successfully tested CONTISOL, a solar reactor that runs on air, able to make any solar fuel like hydrogen and to run day or night - because it uses concentrated solar power (CSP) which can include thermal energy storage. The promise of solar fuels is that we could have zero carbon fuels like hydrogen without the climate-damaging carbon em ... more
+ Avaada Power commits bllion to Uttar Pradesh solar projects
+ Wind, solar could meet 80 percent of US demand: study
+ Aqueous storage device needs only 20 seconds to go
+ New clean energy targets put South Australia on the world map
+ A new approach towards highly efficient and air-stable perovskite solar cells
+ Why polymer solar cells deserve their place in the sun
+ EU nations should seize chance to boost renewable energy: study


Windlab exceeds prospectus forecast; scales up operations
Sydney, Australia (SPX) Mar 02, 2018
Windlab Limited has released its annual results for the 2017 year. Windlab delivered a strong financial result for 2017, and in doing so met its prospectus revenue forecast and exceeded its Net Profit Before Tax (NPBT) statutory prospectus forecast. The Company achieved strong revenue and earnings growth. Revenue for the year grew 36% to $23.3M, excluding equity accounted profits from asso ... more
+ World's first floating wind farm put to the test
+ 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
US lawmaker concerned over nuclear overtures to Saudi
Washington (AFP) Feb 28, 2018
An American legislator has expressed concern over the Trump administration's efforts to sign a nuclear cooperation accord with Saudi Arabia, which is preparing to build its first reactors. Riyadh plans to announce at the beginning of March who will construct the first two of up to 16 reactors, and negotiations are under way with the United States for its agreement to export technology needed ... more
+ Framatome completes purchase of Schneider Electric's instrumentation and control nuclear business
+ Greenpeace protesters jailed for French nuclear stunt
+ Austria sues over EU approval of Hungary nuclear plant
+ Researchers run first tests of unique system for welding highly irradiated metal alloys
+ 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
Daily Newsletters - Space - Military - Environment - Energy

New understanding of ocean turbulence could improve climate models
Providence RI (SPX) Feb 28, 2018
Brown University researchers have made a key insight into how high-resolution ocean models simulate the dissipation of turbulence in the global ocean. Their research, published in Physical Review Letters, could be helpful in developing new climate models that better capture ocean dynamics. The study was focused on a form of turbulence known as mesoscale eddies, ocean swirls on the scale of ... more
+ Hidden 'rock moisture' could be key to understanding forest response to drought
+ Life under extreme drought conditions
+ Extinct lakes of the American desert west
+ Even without the clean power plan, US can achieve Paris Agreement emissions reductions
+ 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
German court paves way for diesel driving bans
Leipzig, Germany (AFP) Feb 27, 2018
A top German court on Tuesday ruled that cities can impose diesel driving bans to combat air pollution, a landmark decision that plunges millions of car owners into uncertainty. The Federal Administrative Court in Leipzig found that local authorities can legally ban older, dirty diesels from certain zones as part of their efforts to improve air quality - a drastic move that could reshape in ... more
+ Car-mad Germany anxious as court to rule on diesel bans
+ Rome to ban diesel cars from 2024: mayor
+ Germany cleared for greener public transit
+ Huawei's AI-powered smartphone drives a Porsche
+ BMW recalls 12,000 diesel cars over emissions
+ Chinese billionaire Li Shufu buys biggest single stake in Daimler
+ BMW plans electric Mini production in China


Iraq MPs call for timetable for foreign troop pullout
Baghdad (AFP) March 1, 2018
Iraq's parliament called for the government to draw up a timetable for the withdrawal of foreign troops from the country in a resolution passed on Thursday, the speaker's office said. "The Iraqi parliament expresses its gratitude to all countries which have supported Iraq in its fight against Daesh (the Islamic State group) and calls for the government to draw up a timetable for the withdraw ... more
+ Families of IS suspects in Iraq face 'collective punishment': HRW
+ Yazidi survivor won't return to Iraq for fear of new 'genocide'
+ 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'
US training Europeans to use nukes against Russia: Lavrov
Geneva (AFP) Feb 28, 2018
Russian Foreign Minister Sergei Lavrov on Wednesday accused Washington of training Europeans in the use of nuclear weapons, with the aim of using them against his country. "Nuclear disarmament is hampered by the US non-strategic nuclear weapons in Europe," Lavrov told the UN Conference on Disarmament in Geneva. Russia's top diplomat took particular issue with "nuclear so-called sharing ... more
+ North Korea vows sanctions will 'never work'
+ UN chief calls for renewed disarmament push
+ US seeks UN ban on 33 ships, 27 firms over North Korea smuggling
+ N. Korea slams latest US sanctions as 'act of war'
+ UN faces rival drafts on Iran missiles to Yemen
+ Relatives protest visit by N. Korea general blamed for warship sinking
+ Iran's eastern shift shows patience running out with the West
Daily Newsletters - Space - Military - Environment - Energy

China's 'super rich' legislators get richer
Beijing (AFP) March 2, 2018
The Chinese Communist Party's annual legislative session will count more than 150 "super rich" members whose total net worth has soared to $650 billion, or double Ireland's annual GDP, a report showed Friday. From internet tycoons to real estate barons and auto industry leaders, some of the wealthiest people in the world's second-largest economy will grace the corridors of the Great Hall of ... more
+ Very rare Qing Dynasty bowl seen topping $25 mn at auction
+ China's Xi takes another stride in Mao's footsteps
+ China investigates former top politician
+ In China's eSport schools students learn it pays to play
+ China takes over Anbang, prosecutes ex-boss for 'economic crimes'
+ China rules out arson in Tibetan temple fire
+ Anbang mess tightens state grip on China Inc: analysts
Malian families accuse army of killing 7 civilians
Bamako (AFP) Feb 28, 2018
Families on Wednesday accused Mali's military of killing seven civilians during an operation in the centre of the country a week earlier, as the government opened an enquiry into the deaths. In a separate incident in the same region, six Malian soldiers were killed on Tuesday when their vehicle struck a mine, the army said on Wednesday, and a forest ranger was gunned down in a third incident ... more
+ Anger as rail construction begins in Nairobi National Park
+ Humans changed the ecosystems of Central Africa more than 2,600 years ago
+ 'Save Lake Chad' meeting opens in Nigeria
+ Djibouti ruling party claims landslide parliamentary win
+ Uganda, Somalia trade blame over deadly Mogadishu shoot-out
+ Mali blast kills two French soldiers
+ Weah's promised land: Liberia confronts age-old disputes


Trump, Boeing finalize cheaper deal for new Air Force One
Washington (UPI) Feb 27, 2018
President Donald Trump and Boeing have finalized an informal deal for two new Air Force One aircraft valued at $3.9 billion, the White House and Boeing said Tuesday. The deal is about $1.4 billion less than original estimates, which will cover two planes and all related upgrades specific to Air Force One. Trump held a meeting with Boeing officials last week to finalize the deal, ... more
+ Lockheed awarded $155M on two contracts for F-35 work
+ Lockheed awarded $158M for support of U.S., foreign F-35 programs
+ Boeing receives $73.2M to service F/A-18 jets
+ Air Force awards contract for jet fighter training programs
+ France to block Chinese group taking control of Toulouse airport
+ United Technologies Aerospace Systems awarded $2.5B for spare parts
+ Canada to accept bid from Boeing for new fighter jets
US, China clash on tariffs on Chinese aluminum foil
Washington (AFP) Feb 28, 2018
The United States on Tuesday upheld tariffs imposed last year on imports of Chinese aluminum foil valued at nearly $400 million a year, angering Beijing which vowed to hit back. The decision intensified the mounting trade confrontation between Beijing and Washington, which is considering far-reaching duties on Chinese goods in an effort to reduce the US trade deficit. However, the move w ... more
+ Standard Chartered brings back dividends as profits jump
+ Germany 'watchful' of Chinese investment in Daimler
+ China factory expansion slows to 19-month low in February
+ $1bn painting 'only matter of time' as art prices surge
+ Trump says China ties 'best ever' but trade a problem
+ Macau sees future in Portuguese past
+ Funding evaporates for Nicaragua's $50 billion ocean-to-ocean canal
Daily Newsletters - Space - Military - Environment - Energy

US planning military parade around November 11
Washington (AFP) March 2, 2018
The Pentagon is planning a military parade for around November 11 - the anniversary of the end of World War One - following President Donald Trump's request for a show of force, the Department of Defense said Thursday. "We are looking towards November 11th, around Veterans Day," spokesperson Dana White said. White added the parade could be "in conjunction with the World War I centennia ... more
+ Russia is 'arsonist and firefighter' in Syria: US general
+ Putin sets course for new US arms race with 'invincible' weapons
+ US approves sale of anti-tank missiles to Ukraine
+ New Zealand FM's 'strategic anxiety' about Pacific
+ Trump yet to order spies to retaliate against Russia: NSA chief
+ Economists see stability in Xi supremacy, Chinese eye exit
+ World braces for blowback from Xi lifetime power play in China


Gabon accuses France's Veolia of pollution
Libreville (AFP) Feb 27, 2018
Gabon on Tuesday accused Veolia of pollutingthe country as the government and the French company wage an increasingly bitter dispute in public over the cancellation of a contract for water and electricity distribution. "There is considerable environmental damage at almost all of the sites exploited by SEEG," Communication Minister Alain-Claude Bilie By Nze told journalists, referring to the ... more
+ Vietnam suspends steel firms after pollution protests
+ UK, EU spar over who will be greenest after Brexit
+ German nights get brighter - but not everywhere
+ The plastics industry is leaking huge amounts of microplastics
+ Thai junta under pressure to tackle pollution 'crisis'
+ EU court says Poland broke air quality laws
+ Enhanced education could help turn the tide on marine litter
For the love of gun: US couples take weapons to church
Newfoundland, United States (AFP) Feb 28, 2018
Dozens of US couples donned crowns and cradled guns at a controversial ceremony in a Pennsylvania church on Wednesday, forcing a nearby school to close and angering protesters. The incongruous event in Newfoundland, part of rural Pennsylvania that voted 68 percent for President Donald Trump in 2016, underscored the gulf between those who fiercely defend the US constitutional right to bear ar ... more
+ Venezuela's woes spread to zoos as animals feed on each other
+ Mobile phones help transform disaster relief
+ Baby born on British roadside after snow blocks hospital dash
+ Taiwan developer detained over deadly quake building collapse
+ New evidence of nuclear fuel releases found at Fukushima
+ L'Aquila, a quake-hit city still grateful to Berlusconi
+ Indonesia calls off deadly landslide search, 18 believed dead
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