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Trump tariffs out of alignment with energy dominance quest![]() Washington (UPI) Mar 2, 2018 Tariffs on steel and aluminum announced by U.S. President Donald Trump brought concerns from the very energy sector he's trying to support. Jack Gerard, the president and CEO of the American Petroleum Institute, said the president's announcement of a 25 percent tariff on steel imports and a 10 percent tariff for aluminum was inconsistent with Trump's goal of U.S. energy dominance. "The U.S. oil and natural gas industry, in particular, relies on specialty steel for many of its projects th ... read more |
Oil prices follow stock indices lower after U.S. tariff moveWashington (UPI) Mar 2, 2018 Crude oil prices lost ground in early Friday trading, following equities markets lower in response to a U.S. call for aluminum and steel tariffs. ... more
Economic transition period for oil revenue is over, Norway saysWashington (UPI) Mar 2, 2018 The target rate of inflation in the Norwegian economy was lowered because a transition period of phasing in oil revenues is over, the government announced. ... more
Total snaps up Marathon's assets in LibyaWashington (UPI) Mar 2, 2018 French energy company Total said Friday it spent $450 million to take on Marathon's holdings in Libya after the latter company announced its divestment. ... more
Sanctions still under consideration for Venezuela, U.S. saysWashington (UPI) Mar 2, 2018 All options are on the table, including sanctions, when considering tools to coerce Venezuela into following constitutional lines, the U.S. government said. ... more |
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| Previous Issues | Mar 03 | Mar 02 | Mar 01 | Feb 28 | Feb 27 |
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Winter Storm Emma strains British gas suppliesWashington (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
Spring gas prices could be the highest in two yearsWashington (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
OMV sells off its Pakistan upstream unitWashington (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
U.S. supply builds send oil prices lower for second straight dayWashington (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
Sanctions force Exxon out of joint venture with a Russian oil companyWashington (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 |
![]() Chinese oil baron hit by investigation: report
Economy for oil-rich Alberta beats United StatesWashington (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 |
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Shale-rich Oklahoma still facing seismic testWashington (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
Texas oil production topped 1 billion barrels last yearWashington (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
Philippines says in talks with China state firm on joint sea explorationManila (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
Schlumberger and Subsea 7 propose joint ventureWashington (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
Russian oil company Rosneft in the mix for northern IraqWashington (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 |
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New tool tells bioengineers when to build microbial teams Durham NC (SPX) Feb 28, 2018
Researchers at Duke University have created a framework for helping bioengineers determine when to use multiple lines of cells to manufacture a product. The work could help a variety of industries that use bacteria to produce chemicals ranging from pharmaceuticals to fragrances.
The research was published online the week of February 19, 2018 in the Proceedings of the National Academy of Sc ... more |
Avaada Power commits bllion to Uttar Pradesh solar projects Lucknow, India (SPX) Feb 28, 2018
Avaada Power Pvt. Ltd, India's leading clean energy company, has signed an Memorandum of Understanding (MoU) with the Government of Uttar Pradesh to invest USD 1.55 billion in the state for developing 1,600 MW Solar Projects. The projects will be developed across Mirzapur, Badun, Gorakhpur and Bundelkhand districts.
With this investment, nearly 3,700 employment opportunities will be create ... more |
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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 |
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 |
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Hidden 'rock moisture' could be key to understanding forest response to drought Austin TX (SPX) Mar 01, 2018
Research conducted by The University of Texas at Austin and University of California, Berkeley has found that a little-studied, underground layer of rock can hold significant amounts of water that may serve as a vital reservoir for trees, especially in times of drought. The study, published in the journal PNAS looked at the water stored inside the layer of weathered bedrock that commonly lies un ... more |
Infineon, SAIC set up electric car joint venture in China Frankfurt Am Main (AFP) March 2, 2018
German computer chip maker Infineon said Friday it is teaming up with China's biggest car maker, SAIC Motor Corporation, to produce power modules for the Chinese electric car market, the world's biggest.
Infineon said in a statement it will hold a 49-percent stake in the new Shanghai-based company, SAIC Infineon Automotive Power Modules (SIAPM), which will make inverters - vital parts that ... more |
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In Mosul, hundreds fear arrest for sharing names with jihadists Mosul, Iraq (AFP) March 3, 2018
Since jihadists were pushed out of Mosul, Mohammed has not left his home. Although he never joined the Islamic State (IS) group, he shares a name with one of its fighters and fears arrest.
Like hundreds of others, the 24-year-old Iraqi father of two has not dared to approach security forces for fear of being detained because of his name.
"I can't get out of Mosul or even move freely arou ... more |
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 |
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Tibetans greet new year with giant Buddhas, dancing and lamb carcasses Rebkong County, China (AFP) March 4, 2018
Despite a few elbows to the face, Tsering pushed through the broil of Tibetan worshippers and lifted her bawling two-year-old over the mad crush, briefly pressing the girl's forehead to a passing sacred scroll.
Scores of monks and men heaved the enormous thangka - an image of Buddha painted on silk, rolled up in a tight cylinder while in transit - through the packed streets around Rongwo M ... more |
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 |
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Lockheed awarded $155M on two contracts for F-35 work Washington (UPI) Mar 1, 2018 Lockheed Martin has been awarded two contracts worth more than $155 million for work on the F-35 fighter fleets of the United States and foreign customers.
The Department of Defense announced on Wednesday that it has awarded a $148.7 million contract for logistics services for all branches of the U.S. military and foreign customers, as well as $7.4 million for the sustainment of the U.S ... more |
Merkel sees 'no violations' in Chinese stake in Daimler Berlin (AFP) Feb 27, 2018 Chancellor Angela Merkel on Tuesday said she saw "no violations" in a major investment by a Chinese billionaire in German car giant Daimler which has reignited concern over Chinese influence on European firms.
"We are open to trade partners and at first glance do not see any violations," Merkel told reporters in Berlin, days after Chinese billionaire Li Shufu bought a near 10-percent stake i ... more |
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Putin sets course for new US arms race with 'invincible' weapons Moscow (AFP) March 1, 2018 President Vladimir Putin on Thursday launched what appeared to be the start of a new arms race with Washington, as he boasted of a new generation of "invincible" Russian weapons developed in response to the threat posed by the United States.
Putin praised Russia's new hypersonic missiles and cutting-edge submarines during a state of the nation address that also touched on economic and socia ... more |
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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 |
At the UN, a diplomatic dance decides the fate of nations United Nations, United States (AFP) March 3, 2018
The issues that come before the UN Security Council are the gravest to face any decision-making body - questions of war and peace, life and death.
But when world diplomats are building towards a weighty decision, almost any diplomatic tactic seems fair game, even sleight of hand.
All the envoys in endless daily meetings in the vast glass-walled tower on Turtle Bay, New York, would say ... more |
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