Oil News and Gas News
March 07, 2018
OIL AND GAS
Gas prices rise nationwide after three weeks of decreases



Washington (UPI) Mar 6, 2018
Gasoline prices climbed last week in the United States after three weeks of decreases at the pump, according to an analysis. The national average of $2.53 for one gallon of regular gas is one cent more than last Monday with 25 states seeing increases, the motor club AAA reported Monday. About 63 percent of the drivers in the United States are paying $2.50 per gallon or less. "2018 has seen fluctuating crude oil prices, strong gasoline demand and new U.S. oil production records cre ... read more

OIL AND GAS
Oil prices stable as U.S. production stands at all-time high
Washington (UPI) Mar 6, 2018
U.S. crude oil prices were stable Tuesday as production in the nation is at an all-time high. ... more
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. ... 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


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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
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
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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
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


Statoil shows its commitment to British offshore exploration

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
OILGASDAILY



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
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
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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
+ Solar-to-hydrogen conversion: Nanostructuring increases efficiency of metal-free photocatalysts by factor 11
+ 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


First UK wind farm transfers from commercial to community ownership
Bristol UK (SPX) Mar 06, 2018
Over 400 individuals raise an impressive 2.8m pounds in just two weeks to refinance the Mean Moor community wind farm in Cumbria. It's thought to be the first wind farm in the country to be transferred to community ownership from a commercial developer. Thanks to support from Energy4All, and financing from ethical investment company, Thrive Renewables, three renewable Energy Co-operatives ... more
+ A huge component of German wind farm has left shore
+ Windlab exceeds prospectus forecast; scales up operations
+ 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
Police tear gas anti-nuclear protesters in France
Mandres-En-Barrois, France (AFP) March 3, 2018
Police used tear gas during clashes with anti-nuclear protesters at a waste site in northeastern France on Saturday. Demonstrators threw missiles at officers who have been blocking access to woodland at the Bure plant, halfway between Paris and Strasbourg, since a protest camp was dismantled 10 days ago. Lejuc wood was selected by France's radioactive waste agency (ANDRA) for explorator ... more
+ Framatome creates alliance to provide nuclear Equipment Qualification services in the UK
+ Framatome completes purchase of Schneider Electric's instrumentation and control nuclear business
+ Greenpeace protesters jailed for French nuclear stunt
+ US lawmaker concerned over nuclear overtures to Saudi
+ 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
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
+ 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
+ Rome to ban diesel cars from 2024: mayor
+ 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
+ Iraq force that helped beat IS turns to reconstruction
+ NATO chief says alliance troops staying in Iraq
+ In Mosul, hundreds fear arrest for sharing names with jihadists
+ Iraq MPs call for timetable for foreign troop pullout
+ 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
Iran accord failure would be 'great loss': IAEA chief
Vienna (AFP) March 5, 2018
The failure of the 2015 accord between Iran and world powers to restrict Tehran's nuclear programme would be a "great loss", the head of the UN's atomic watchdog said Monday. International Atomic Energy Agency director general Yukiya Amano said Iran was, as of today, "implementing its nuclear-related commitments" under the deal. US President Donald Trump has been a harsh critic of what h ... more
+ S. Korea's Moon: 'too early to be optimistic' on North
+ 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
+ North Korea talks offer a defining challenge for Trump
+ Two Koreas to hold summit, North ready for denuclearization talks
+ Iran says no missile talks unless West gives up its nuclear weapons
+ US intelligence chief 'skeptical' on NKorea talks offer
Daily Newsletters - Space - Military - Environment - Energy

China signals hardened stance on Hong Kong, Taiwan
Beijing (AFP) March 5, 2018
China signalled Monday it was hardening its stance on dissent in Taiwan and Hong Kong, where it faces growing frustration with the increasingly authoritarian government of President Xi Jinping. In a report to the opening session of the annual National People's Congress in Beijing, Premier Li Keqiang warned China "will never tolerate any separatist schemes" in Taiwan, amid increasing tensions ... more
+ US journalists fear China detained their families
+ Historic meeting lauds lifetime power for Xi
+ Tibetans greet new year with giant Buddhas, dancing and lamb carcasses
+ China's rubber-stamp legislature to give Xi free rein
+ 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
+ Food abundance driving conflict in Africa, not food scarcity
+ Ethiopia: Ancient land beset by long-running divisions
+ Tillerson heads to Africa, with China in his sights
+ 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


MH370 hunt likely to end mid-June: official
Kuala Lumpur (AFP) March 3, 2018
A new hunt for flight MH370 is expected to end by mid-June, Malaysian authorities said Saturday, as families marked four years since the disappearance of the plane amid renewed hope. The Malaysia Airlines jet disappeared on March 8, 2014 with 239 people - mostly from China - on board, en route from Kuala Lumpur to Beijing. No sign of the plane was found in a 120,000 square kilometre (4 ... more
+ Air Force awards contract for jet fighter training programs
+ Lockheed awarded $155M on two contracts for F-35 work
+ Boeing receives $73.2M to service F/A-18 jets
+ Trump, Boeing finalize cheaper deal for new Air Force One
+ Lockheed awarded $158M for support of U.S., foreign F-35 programs
+ 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
+ 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'
+ US, China clash on tariffs on Chinese aluminum foil
Daily Newsletters - Space - Military - Environment - Energy

Putin's speech was to send a clear message to the US
Moscow (Sputnik) Mar 07, 2018
Last week President Putin said, during his annual address to the Federal Assembly, that Russia has developed an invincible new cruise missile and warned that any use of nuclear weapons against Russia or its allies will be viewed as a nuclear attack and would trigger an immediate response from Moscow. Sputnik discussed this with Dr. Rajeswari Pillai Rajagopalan, Senior Fellow and Head of th ... more
+ US carrier on historic Vietnam visit amid sea rift with China
+ 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


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
+ New evidence of nuclear fuel releases found at Fukushima
+ 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
+ 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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