Oil News and Gas News
March 08, 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
+ Avaada Power inks pact to develop 500MW solar capacities in Andhra Pradesh
+ New dual-atom catalyst shows promise to yield clean energy by artificial photosynthesis
+ 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


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
Framatome creates alliance to provide nuclear Equipment Qualification services in the UK
Paris, France (SPX) Mar 06, 2018
Framatome, Bureau Veritas and Doosan Babcock signed an Agreement creating EQUALLE, an alliance targeted at supporting the challenge of nuclear Equipment Qualification for the benefit of new build projects and in-service reactors in the United Kingdom. The qualification of nuclear safety equipment ensures its operability in normal and accidental conditions in compliance with the safety case. ... more
+ Police tear gas anti-nuclear protesters in France
+ 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
Japan car giants team up to build hydrogen stations
Tokyo (AFP) March 5, 2018
Top Japanese carmakers said on Monday they were teaming up to nearly double the amount of hydrogen stations in Japan, as the car-mad country seeks to head off competition from China and Germany. Toyota, Nissan and Honda formed a joint venture with major gas and energy companies, including French industrial gases company Air Liquide, to build 80 new hydrogen stations in the next four years, t ... more
+ Profits, doubts in equal measure at Geneva Motor Show
+ Big switch: Electric cars put China on automobile map
+ Infineon, SAIC set up electric car joint venture in China
+ 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


Red Cross warns Iraq of resentment over IS detainees
Baghdad (AFP) March 7, 2018
The head of the International Committee of the Red Cross warned Iraq on Wednesday of resentment among relatives of detainees suspected of fighting for the Islamic State group. The ICRC's Peter Maurer called for reconciliation in the country three months after the Iraqi government declared victory over the IS jihadists. "This is a critical moment in Iraq and Iraqi politics," Maurer told a ... more
+ Iraq orders seizure of assets of Saddam-era officials
+ 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
S. Korea to probe plans for military crackdown on protests
Seoul (AFP) March 8, 2018
South Korea will investigate allegations that ousted president Park Geun-hye planned to send military troops to quash the candle-lit protests that culminated in her impeachment last year, the defence ministry said Thursday. Activist group the Centre for Military Human Rights Korea (CMHRK), citing multiple leaks, said top military leaders had studied plans to crack down on demonstrators calli ... more
+ China urges US, N.Korea to hold talks 'sooner than later'
+ Seoul envoys leave for US with Pyongyang talks offer
+ Nobel-winning ICAN condemns surge in nuclear arms investments
+ Iran accord failure would be 'great loss': IAEA chief
+ 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
Daily Newsletters - Space - Military - Environment - Energy

Naps and noodle talk at Chinese parliament term limit 'debate'
Beijing (AFP) March 7, 2018
China is set to pass its first constitutional amendments in 14 years this weekend, but at Wednesday's public discussion on the changes, delegates seemed more interested in talking about beef noodles and taking naps. No one expected dissent as legislators from the northwest provinces of Gansu and Qinghai gathered in Beijing's cavernous Great Hall of the People Wednesday to deliberate changes ... more
+ US journalists fear China detained their families
+ Historic meeting lauds lifetime power for Xi
+ China signals hardened stance on Hong Kong, Taiwan
+ 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
18 workers abducted in DR Congo wildlife park
Kinshasa (AFP) March 7, 2018
Eighteen employees of a gorilla sanctuary in eastern Democratic Republic of Congo have been abducted by a militia group, sources said on Wednesday. An official with an NGO said the abduction took place on Monday in the area of Nzovu, which lies in the huge Kahuzi-Biega National Park, and an armed group called the Mai-Mai Raia Mutomboki was responsible. The victims comprise nine administr ... 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
+ IS video of Niger attack highlights US troops' vulnerability
+ 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


F-35Bs get first operational deployment with Marine Expeditionary Unit
Washington (UPI) Mar 7, 2018
The U.S. military sent F-35B Lightning II aircraft this week to the East China Sea for the fighter's first operational deployment with a Marine Expeditionary Unit. A detachment of the aircraft deployed with the 31st Marine Expeditionary Unit landed Monday on the USS Wasp, an amphibious assault ship, according to the U.S. Marines. The expeditionary unit will patrol the Indo-Pacific regio ... more
+ MH370 hunt likely to end mid-June: official
+ 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
Embattled White House promises quick tariff decision
Washington (AFP) March 8, 2018
President Donald Trump's team played down talk of a trade war Wednesday as it fought to limit a financial market sell-off, promising a quick decision on contentious tariffs that prompted a popular economic advisor to the president to quit. Administration big guns Commerce Secretary Wilbur Ross and Treasury Secretary Steve Mnuchin rushed to the cameras to calm market jitters over proposed ste ... more
+ China says ready for trade war as Trump tariffs loom
+ China sets 2018 GDP target at 'around 6.5%'
+ China's finance minister waves away debt concerns
+ 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'
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
+ China not trying to 'replace America': foreign minister
+ US carrier on historic Vietnam visit amid sea rift with China
+ Chinese grumble about 'emperor' as congress fetes Xi
+ China downplays lifting of presidential term limit
+ US planning military parade around November 11
+ Putin sets course for new US arms race with 'invincible' weapons
+ Trump praises China's Xi for lifetime mandate extension


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
Belgium distributes iodine pills in case of nuclear accident
Brussels (AFP) March 6, 2018
Belgium began Monday to make iodine pills available free to its 11 million people in case of an accident at its ageing nuclear plants but said there was no "specific risk." The government also launched a website in the country's official languages French, Dutch and German to tell people what to do in an emergency as it began implementing plans announced two years ago. Belgian Interior Mi ... more
+ At the UN, a diplomatic dance decides the fate of nations
+ 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
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