Oil News and Gas News
March 06, 2018
OIL AND GAS
Stocks, oil prices lower on tariff hike jitters



Washington (UPI) Mar 5, 2018
Stocks and crude oil prices opened lower Monday on fears of U.S. steel and aluminum tariffs proposed by President Donald Trump. At the opening, the Dow Jones Industrial Average fell more than 100 points. The S&P 500 also declined 0.5 percent, with financials and industrial sectors experiencing the worst loss, and the Nasdaq composite was 0.3 percent lower. Brent crude was trading lower by 0.23 percent to 64.22 at 10 a.m. Last Thursday, Trump announced the United States would imple ... read more

OIL AND GAS
Turkey court rejects appeal to free Greek soldiers: report
Ankara, Turkey (AFP) March 5, 2018
A Turkish court on Monday rejected a request for the release of two Greek soldiers arrested last week for illegally entering the country, local media reported. ... more
OIL AND GAS
PNG quake leaves 67 dead as aftershocks rock homes
Sydney (AFP) March 5, 2018
At least 67 people were killed by an earthquake that devastated Papua New Guinea's remote highlands last week, the Red Cross said Monday, with thousands more homeless and without food and clean water. ... more
OIL AND GAS
Canadian songbirds change calls to adapt to oil and gas drilling noise
Washington (UPI) Mar 5, 2018
Songbirds native to Canada's prairies are still in communication with one another despite the interference of oil and gas drilling sounds, new research shows. ... more
OIL AND GAS
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. ... more


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OIL AND GAS
Oil prices follow stock indices lower after U.S. tariff move
Washington (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
OIL AND GAS
Economic transition period for oil revenue is over, Norway says
Washington (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
OIL AND GAS
Total snaps up Marathon's assets in Libya
Washington (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
OIL AND GAS
Sanctions still under consideration for Venezuela, U.S. says
Washington (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
OIL AND GAS
Turkey arrests two Greek soldiers 'on espionage charges'
Ankara (AFP) March 2, 2018
A Turkish court on Friday placed two Greek soldiers under arrest on espionage charges after they illegally crossed into Turkey, state media reported, in a move that risks a new flaring of tensions between Ankara and Athens. ... more
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OIL AND GAS
British energy demand strains from winter Storm Emma wane
Washington (UPI) Mar 2, 2018
Demand strains from winter Storm Emma, which caused widespread problems across much of Europe, have eased somewhat, a British utility said Friday. ... more
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 r ... 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
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


Spring gas prices could be the highest in two years

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
OILGASDAILY



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
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
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Malaysia to press EU on planned palm oil ban in biofuels
Singapore (AFP) March 1, 2018
Malaysia will press the European Union not to ban palm oil in biofuels during talks this week, the country's trade minister said Thursday, warning the move would hit the rural poor. The European Parliament earlier this year voted in favour of a draft law on renewable energy that calls for the use of palm oil in biofuels to be banned from 2021, amid mounting worries about its impact on the en ... more
+ Digestive ability of ancient insects could boost biofuel development
+ New tool tells bioengineers when to build microbial teams
+ Pausing evolution makes bioproduction of chemicals affordable and efficient
+ 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
Materials 'sandwich' breaks barrier for solar cell efficiency
Brooklyn MY (SPX) Mar 06, 2018
Solar cells have great potential as a source of clean electrical energy, but so far they have not been cheap, light, and flexible enough for widespread use. Now a team of researchers led by Tandon Associate Professor Andre D. Taylor of the Chemical and Biomolecular Engineering Department has found an innovative and promising way to improve solar cells and make their use in many applications more ... more
+ Solar and wind power could meet four-fifths of US electricity demand
+ Aqueous storage device needs only 20 seconds to go
+ Avaada Power commits bllion to Uttar Pradesh solar projects
+ New clean energy targets put South Australia on the world map
+ A new approach towards highly efficient and air-stable perovskite solar cells
+ Wind, solar could meet 80 percent of US demand: study
+ World's first solar fuels reactor for night passes test


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
+ First UK wind farm transfers from commercial to community ownership
+ A huge component of German wind farm has left shore
+ 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
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
+ Police tear gas anti-nuclear protesters in France
+ 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
Daily Newsletters - Space - Military - Environment - Energy

Models show global warming could be limited to 1.5 degrees Celsius
Washington (UPI) Mar 5, 2018
Scientists have developed new models to better understand how governments can work together to ensure global warming is limited to 1.5 degrees Celsius by 2100. The different models consider a variety of political, socioeconomic and technological factors, including the impacts of economic inequality, energy demand and regional cooperation. The models considered five different so-called S ... more
+ Trump hopefully will change his mind about climate: Bloomberg
+ Health savings outweigh costs of limiting global warming: study
+ New understanding of ocean turbulence could improve climate models
+ 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
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
+ Japan car giants team up to build hydrogen stations
+ Rome to ban diesel cars from 2024: mayor
+ Profits, doubts in equal measure at Geneva Motor Show
+ Big switch: Electric cars put China on automobile map
+ German court paves way for diesel driving bans
+ Car-mad Germany anxious as court to rule on diesel bans
+ Germany cleared for greener public transit


Iraq orders seizure of assets of Saddam-era officials
Baghdad (AFP) March 5, 2018
Iraq has ordered the seizure of assets that belonged to executed dictator Saddam Hussein and more than 4,200 officials from his former regime, an official statement said Monday. The list of ex-regime bosses was drawn up by the Iraqi agency charged with tracking down former officials from Saddam's Baath Party, and includes their relatives. Saddam's name appeared at the top of the list an ... more
+ In Mosul, hundreds fear arrest for sharing names with jihadists
+ Iraq MPs call for timetable for foreign troop pullout
+ NATO chief says alliance troops staying in Iraq
+ Iraq adopts 2018 budget, slashing allocations for Kurds
+ Hotel hunting: mission impossible in tribal Iraq
+ Families of IS suspects in Iraq face 'collective punishment': HRW
+ Yazidi survivor won't return to Iraq for fear of new 'genocide'
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
+ Iran accord failure would be 'great loss': IAEA chief
+ Two Six Labs to support SIGMA anti-nuclear terrorism program
+ China puts hold on US bid for UN ban of ships over N.Korea smuggling
+ Iran says no missile talks unless West gives up its nuclear weapons
+ N. Korea lambasts US for attatching preconditions for talks
+ French foreign minister holds tense talks in Tehran
+ White House clarifies Trump-North Korea 'call'; As South meets North
Daily Newsletters - Space - Military - Environment - Energy

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
+ China signals hardened stance on Hong Kong, Taiwan
+ China's rubber-stamp legislature to give Xi free rein
+ US journalists fear China detained their families
+ Historic meeting lauds lifetime power for Xi
+ China's 'super rich' legislators get richer
+ Very rare Qing Dynasty bowl seen topping $25 mn at auction
+ China's Xi takes another stride in Mao's footsteps
IS video of Niger attack highlights US troops' vulnerability
Washington (AFP) March 5, 2018
A propaganda video released by the Islamic State group that apparently shows the deadly ambush of US troops in Niger raised fresh questions Monday as to the nature of the mission and why the soldiers had been left so vulnerable. The distressing video, distributed by a pro-IS news agency, includes graphic footage taken by a solder wearing a helmet camera. It shows the chaos of the attac ... more
+ Soldier killed in Senegal's troubled Casamance region
+ At least 28 killed in attack on Burkina army HQ: French, African security sources
+ Malian families accuse army of killing 7 civilians
+ 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


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
+ Lockheed awarded $158M for support of U.S., foreign F-35 programs
+ Boeing receives $73.2M to service F/A-18 jets
+ MH370 hunt likely to end mid-June: official
+ Air Force awards contract for jet fighter training programs
+ Trump, Boeing finalize cheaper deal for new Air Force One
+ France to block Chinese group taking control of Toulouse airport
+ United Technologies Aerospace Systems awarded $2.5B for spare parts
China sets 2018 GDP target at 'around 6.5%'
Beijing (AFP) March 5, 2018
China set its 2018 economic growth target at "around 6.5 percent" on Monday, in line with expectations but lower than the 6.9 percent increase registered last year. The target, which is the same as last year, was presented by Premier Li Keqiang in a report for Monday's opening session of the annual National People's Congress, the rubber-stamp parliament. The figure, along with an inflati ... more
+ Trump defiant as tariffs spark global anger, stock market plunges
+ $1bn painting 'only matter of time' as art prices surge
+ German economy minister wants tougher foreign investment rules
+ China 'won't sit idly by' if US harms trade
+ Trump threatens 'reciprocal taxes' on trade partners
+ Defiant Trump welcomes 'easy to win' trade war with 'No exclusions'
+ Overruling objections, Trump announces steep aluminum, steel 'tariffs'
Daily Newsletters - Space - Military - Environment - Energy

US carrier on historic Vietnam visit amid sea rift with China
Aboard The Uss Carl Vinson (AFP) March 5, 2018
A US aircraft carrier arrived in Vietnam on Monday for the first time since the end of the war, as the former foes bolster military ties in the face of Beijing's build-up in the disputed South China Sea. The USS Carl Vinson will make a four-day port call to the central city of Danang for a highly symbolic trip that will include a visit to a centre for victims of Agent Orange, the toxic defol ... more
+ Trump praises China's Xi for lifetime mandate extension
+ Chinese grumble about 'emperor' as congress fetes Xi
+ Greece not planning soldier exchange with Turkey
+ Ukraine welcomes sale of US anti-tank missiles
+ US accuses Russia of breaching treaties with 'invincible' weapons
+ NATO condemns 'threatening' Russia after weapons show
+ China downplays lifting of presidential term limit


Indonesia scrubbing the 'world's dirtiest river'
Majalaya, Indonesia (AFP) March 2, 2018
The scabies on Indonesian rice farmer Yusuf Supriyadi's limbs are a daily reminder of the costs of living next to the "world's dirtiest river". Supriyadi depends on the Citarum's murky waters - a floating carpet of household rubbish, toxic chemicals and animal feces - to irrigate a small rice plot in West Java that sustains his family of six. The farmer's rice yield is now down by two- ... more
+ Vietnam suspends steel firms after pollution protests
+ Gabon accuses France's Veolia of pollution
+ 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
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
+ 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
+ New evidence of nuclear fuel releases found at Fukushima
+ For the love of gun: US couples take weapons to church
+ Taiwan developer detained over deadly quake building collapse
+ L'Aquila, a quake-hit city still grateful to Berlusconi
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