Oil News and Gas News
April 06, 2018
OIL AND GAS
Oil and gas spending improved, but questions remain



Washington (UPI) Apr 5, 2018
Lower costs and improved market conditions led to more oil and gas investments, though spending last year was below the historic average, analysis found. Energy consultant group Wood Mackenzie found that average spending last year on major projects, those with commercial reserves of more than 50 million barrels of oil equivalent, was around $2.7 billion, the lowest in a decade. Average spending over the last decade was closer to $5.5 billion. Jessica Brewer, a principal analyst at Wood M ... read more

OIL AND GAS
Statoil plops down another $1.4B on Johan Sverdrup agreements
Washington (UPI) Apr 5, 2018
Norwegian energy major Statoil followed $1.5 billion in service contract commitments with $1.4 billion for its giant Johan Sverdrup project in the North Sea. ... more
OIL AND GAS
CFO at Canada's Husky Energy resigns
Washington (UPI) Apr 5, 2018
While announcing that its chief financial officer has resigned, Canadian energy company Husky said it was committed to low-cost growth in production. ... more
OIL AND GAS
Ford Motor next to question U.S. trade response
Washington (UPI) Apr 5, 2018
The interdependent trade relationship between the United States and China is a positive connection, not a weakness, Ford Motor Co. said. ... more
OIL AND GAS
Britain opens military base in Bahrain
Manama (AFP) April 5, 2018
Britain on Thursday opened a new naval base in Bahrain, its first permanent military outpost in the Middle East in nearly half a century, London's defence ministry said. ... more


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OIL AND GAS
Qatar introduces national service for women
Doha (AFP) April 5, 2018
Qatar is introducing national service for women for the first time while extending the time served in the military by conscripted men, under a law issued by the country's Emir. ... more
OIL AND GAS
DNO takes on more shares in Faroe Petroleum
Washington (UPI) Apr 5, 2018
Norwegian energy company DNO said Thursday it made another investment to take on more shares in its counterpart, Faroe Petroleum, to support North Sea work. ... more
OIL AND GAS
Oil prices lack clear direction in push-pull market
Washington (UPI) Apr 5, 2018
Crude oil prices lacked clear direction in early Thursday trading as markets balanced between declining U.S. inventories and potential trade war fears. ... more
OIL AND GAS
Riyadh: No major damage to oil tanker after Yemeni attack
Washington (UPI) Apr 4, 2018
An oil tanker moving through the Red Sea suffered only minor damage after it was attacked by Houthi rebels in Yemen, the Saudi government said. ... more
OIL AND GAS
NGO threatens Shell with lawsuit over climate 'destruction'
The Hague (AFP) April 4, 2018
An environmental campaign group on Wednesday threatened to take Anglo-Dutch oil giant Royal Dutch Shell to court should it fail to comply with climate targets set out under the Paris agreement. ... more
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OIL AND GAS
Saudi says oil unaffected by Yemen rebel attack on tanker
Riyadh (AFP) April 4, 2018
Saudi Arabia on Wednesday shrugged off a Yemeni rebel missile attack on one of its oil tankers in the Red Sea saying it had zero impact on the kingdom's crude exports. ... more
OIL AND GAS
Fears of trade war send oil prices sharply lower
Washington (UPI) Apr 4, 2018
Fears of a trade war between the largest economies in the world, China and the United States, sent crude oil prices following stock futures lower on Wednesday. ... more
OIL AND GAS
'Significant' gas discovery made offshore Norway
Washington (UPI) Apr 4, 2018
New natural gas discoveries on the Norwegian continental shelf could hold "significant" quantities of reserves, a subsidiary of Austria's OMV said Wednesday. ... more
OIL AND GAS
Norway's DNO builds North Sea position
Washington (UPI) Apr 4, 2018
Norwegian energy company DNO, which has focused on Iraq, said it paid nearly $100 million to take a stake in a petroleum company working in the North Sea. ... more
OIL AND GAS
States line up to oppose EPA actions on fuel and emissions standards
Washington (UPI) Apr 4, 2018
With threats of legal action, if necessary, U.S. state attorneys general said they would oppose an EPA effort to weaken auto fuels and emissions standards. ... more


Deadly Indonesia oil spill caused by burst pipe: company

OIL AND GAS
Bahrain estimates oil discovery has 80 billion barrels
Washington (UPI) Apr 4, 2018
An oil and gas discovery announced during the weekend off the coast of Bahrain could hold at least 80 billion barrels, the government announced Wednesday. ... more
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OIL AND GAS
Cuadrilla completes first shale well in the United Kingdom
Washington (UPI) Apr 3, 2018
The first-ever hydraulic fracturing effort in the United Kingdom is set for the third quarter following well completion in Lancashire, Cuadrilla Resources said. ... more
OIL AND GAS
EPA says Obama-era fuel guidelines were politically charged
Washington (UPI) Apr 3, 2018
While a trade group representing the U.S. auto industry said a review of fuel standards was the right move, critics said it would hurt the average consumer. ... more
OIL AND GAS
U.S. gas prices up, and expected to keep rising
Washington (UPI) Apr 3, 2018
Gas prices may continue to move higher in the United States as refineries start to shift to a summer-blend, which is more expensive to make, AAA reports. ... more
OIL AND GAS
Oil prices bounce back on signs of balance
Washington (UPI) Apr 3, 2018
After posting steep declines in the previous session, crude oil prices moved higher in Tuesday trading on signs the U.S. market surplus has evaporated. ... more
OIL AND GAS
More than $1 billion on contracts awarded offshore Norway
Washington (UPI) Apr 3, 2018
More than $1.5 billion in contracts for drilling services were awarded to companies for work in Norwegian waters, energy major Statoil said. ... more
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Notre Dame researchers developing renewable energy approach for producing ammonia
South Bend IN (SPX) Apr 05, 2018
Researchers at the University of Notre Dame are developing a renewable energy approach for synthesizing ammonia, an essential component of fertilizers that support the world's food production needs. The Haber-Bosch process developed in the early 1900s for producing ammonia relies on non-renewable fossil fuels and has limited applications for only large, centralized chemical plants. The new ... more
+ New insights into how cellulose is built could indicate how to break it
+ Sewage sludge leads to biofuels breakthrough
+ Wood pellets: Renewable, but not carbon neutral
+ Insects could help us find new yeasts for big business
+ Cow and elephant dung can be turned into paper, study shows
+ Modified biomaterials self-assemble on temperature cues
+ Manure could heat your home
Photosynthetic protein structure that harvests and traps infrared light
Sheffield UK (SPX) Apr 05, 2018
Scientists from the University of Sheffield have solved the structure of a photosynthetic protein to reveal how it converts near-infrared light into an electrical charge. The new study gives a pioneering insight into the efficiency and limits of the life-giving process, photosynthesis. Plants and algae use chlorophyll to absorb energy from the Sun to power photosynthesis at wavelengt ... more
+ Freedom Solar project at Northtown Plaza will save owners more than $1.25 million
+ Photosynthesis uses vibrations as 'traffic signals'
+ Kesterite solar cells: Germanium promises better opto-electronic properties than tin
+ What else can molecular perovskite do?
+ US-based Longroad Energy Selects Greenbyte for Data Management
+ Solar seeks its place under Spanish sun
+ World added more solar than fossil fuel generating capacity in 2017


China considering energy storage mandate for wind
Washington DC (UPI) Apr 02, 2018
In response to a potential mandate, a California-based energy company said it installed a battery storage system for wind power in the Chinese capital. Primus Power announced Sunday it installed a battery component at the Beijing campus of Etechwin, a subsidiary of Chinese wind turbine manufacturer Goldwind. When tied into variable energy resources like wind and solar, battery co ... more
+ California considered for offshore wind
+ The Evolution of Wind Power in 2017
+ Detection, deterrent system will help eagles, wind turbines coexist better
+ BP sees onshore wind as the cheapest future source of electricity
+ Wind industry continues commitment to communities with new research report
+ German green energy segment Innogy divvied up
+ First UK wind farm transfers from commercial to community ownership
Nuclear safety: AREVA develops an innovative technology for reactor inspection
Paris, France (SPX) Apr 05, 2018
AREVA has developed a cutting-edge technology for nuclear reactor vessel inspections that optimizes both the safety and reliability of operations. The automated tool, known as Lower Girth Weld Inspection Tool (LGWIT), allows plant personnel to remotely perform inspections through narrow gaps of the reactor vessel internals. The tool's remote operation replaces the need for direct human int ... more
+ NRC approval brings Framatome's fuel technology closer to market
+ Putin launches Turkey nuclear project, vows faster arms delivery
+ UAE says its first nuclear reactor complete
+ Pipe-crawling robot will help decommission DOE nuclear facility
+ Business expansion of the Fuel business unit with technology transfer project in Kazakhstan
+ Swiss reopen world's oldest nuclear plant after repairs
+ Framatome upgraded Borssele nuclear power plant's digital instrumentation and control system
Daily Newsletters - Space - Military - Environment - Energy

First direct observations of methane's increasing greenhouse effect at the Earth's surface
Berkeley UK (SPX) Apr 03, 2018
Scientists have directly measured the increasing greenhouse effect of methane at the Earth's surface for the first time. A research team from the U.S. Department of Energy's Lawrence Berkeley National Laboratory (Berkeley Lab) tracked a rise in the warming effect of methane - one of the most important greenhouse gases for the Earth's atmosphere - over a 10-year period at a DOE field observation ... more
+ Climate change makes mountain tops bloom, for now
+ Some US states press ahead on climate change goals, despite Trump
+ Two degrees no longer seen as global warming guardrail
+ US on track to meet climate targets despite Trump: UN chief
+ New interactive map shows climate change everywhere in world
+ Canada to miss 2020 climate target: audit
+ New climate model developed by Russian and German scientists
US investigating fatal Tesla crash in California
San Francisco (AFP) March 27, 2018
US federal investigators said Tuesday they were examining a fatal crash last week involving a Tesla electric automobile in California. The California Highway Patrol reported that a 38-year-old man died Friday after his 2017 Tesla Model X collided with a highway barrier near the town of Mountain View, according to The San Jose Mercury News. The vehicle caught fire before two other approac ... more
+ Tesla says 'Autopilot' was engaged during fatal crash
+ Research hints at double the driving range for electric vehicles
+ Waymo and Jaguar team up on self-driving luxury ride
+ Tougher US rules needed on autonomous cars: advocate
+ BMW sued in US over diesel emissions
+ In a first, EU to review emissions to heavy-duty vehicles
+ Road gets tougher for electric car innovator Tesla


Five ways Iraq has changed since fall of Saddam
Baghdad (AFP) April 6, 2018
On April 9, 2003, the US-led coalition overthrew Saddam Hussein. Fifteen years after the invasion, life in Iraq has been transformed. Here is an overview of what has changed in Iraq's economy, politics, diplomacy, demographics and the Kurdish question. - Embargo over - The fall of Saddam's regime effectively ended a 12-year embargo imposed by the United Nations on Iraq after its in ... more
+ The three weeks that ousted Saddam Hussein
+ 15 years after Saddam's fall, Iraqi hopes fade
+ Iraq condemns 6 Turkish women to death for IS membership
+ Iraqi monument destroyed by IS recreated in London
+ Mother Courage: Iraqi widow saved recruits from slaughter
+ Iraqi enthusiasts search for relics of royal past
+ Direct foreign air links restored with Iraqi Kurdistan
Chinese, North Korean foreign ministers meet ahead of major summits
Beijing (AFP) April 3, 2018
China's foreign minister told his North Korean counterpart on Tuesday that Beijing appreciates Pyongyang's efforts to ease nuclear tensions ahead of planned summits between the isolated country's leader Kim Jong Un and the South Korean and US presidents. North Korean Foreign Minister Ri Yong Ho met China's chief diplomat Wang Yi in Beijing just a week after Kim made a surprise trip to the Ch ... more
+ Is North Korea Preparing Controversial Satellite Launch
+ Kim says N. Korea to take part in 2020, 2022 Olympics: IOC chief
+ US, S. Korea begin low-key army drills amid diplomatic thaw
+ Trump ties South Korea trade deal to North Korea talks
+ Two Koreas agree to hold summit on April 27
+ Trump says 'good chance' Kim will give up nukes
+ Kim, Xi break the ice with wine and secret pageantry
Daily Newsletters - Space - Military - Environment - Energy

Wife of 'vanished' Chinese lawyer marches for answers
Beijing (AFP) April 5, 2018
The wife of a detained Chinese human rights lawyer who has embarked on a 100-kilometre (60-mile) march to highlight his plight said Thursday she did not even know if he was still alive. Attorney Wang Quanzhang, who defended political activists and victims of land seizures, has had no contact with the outside world since he disappeared in a 2015 police sweep aimed at courtroom critics of Comm ... more
+ Tearful reunion highlights plight of China's missing children
+ China cracks down on spoofs of 'Communist heroes'
+ Vatican-affiliated Chinese bishop arrested: report
+ China court accuses Anbang boss of stealing billions as trial opens
+ Street art makes a splash in Hong Kong
+ China to reorganise propaganda efforts at home and abroad
+ Xi gets second term with powerful ally as VP
Ghana will not offer military base to US: president
Accra (AFP) April 5, 2018
Ghana will not sign an agreement with Washington to set up a military base, President Nana Akufo-Addo said on Thursday. The president confirmed in a television address that the two countries would ink a defence cooperation agreement, but was emphatic that "Ghana has not offered a military base, and will not offer a military base to the United States of America". His comments come after h ... more
+ Xi hails Mugabe's successor as 'old friend of China'
+ Four Ugandans killed in Shabaab attack on AU base in Somalia
+ Five Shabaab killed in US strike in Somalia: US military
+ Sahara has grown 10% in 100 years, research finds
+ Mali's PM tackles terrorism, farmer-herder clashes
+ UN strengthens role of DR Congo mission in elections
+ Ghana protestors rally against US military deal


State Dept. OKs deal for helos, radio equipment for Spain
Washington (UPI) Apr 5, 2018
The State Department has approved a possible foreign military sale to Spain worth roughly $1.3 billion. The pending deal includes the sale of 17 modified CH-47F cargo helicopters, 21 AN/AAR-57 common missile warning systems and 42 GPS inertial navigation systems, according to a news release from the Defense Security Cooperation Agency. Under the terms of the deal, Spain would als ... more
+ Boeing completes fuel certification testing of KC-46 tankers
+ Rockwell Collins to upgrade T-1A Jayhawks
+ US to sell European allies $4.7bn in military aircraft
+ NASA X-Plane construction set to begin
+ US F-16 crashes near Las Vegas, third crash in two days
+ NASA hires Lockheed Martin to build quiet, supersonic plane
+ Navy taps General Electric for F/A-18 engines
China calls on world to stand up over trade; Launches WTO challenge
Moscow (AFP) April 5, 2018
China's foreign minister on Thursday called on the international community to oppose the United States' recent trade moves, saying they threatened global economic growth. Addressing a news conference in Moscow, Wang Yi condemned a move by President Donald Trump's administration to slap tariffs on a list of Chinese goods and said the world should stand up to Washington over what he called its ... more
+ Trump threatens $100 bln more tariffs on China
+ China to inject $9.7bn into troubled Anbang
+ US blasts 'unfair' Chinese tariffs on 128 products
+ US identifies $50 bn in Chinese imports facing tariffs
+ China plans to hit US soybeans, planes as trade war looms
+ Trade war inches closer as US-China tensions mount
+ China factory activity drops to four-month low in March: Caixin
Daily Newsletters - Space - Military - Environment - Energy

Pentagon readies for National Guard deployment to Mexican border
Washington (AFP) April 5, 2018
The Pentagon said Thursday it has established a new body to support President Donald Trump's order to send the military to the southern border, but questions remain about what the deployment will actually look like. The so-called "border security support cell" will channel information between the Pentagon and the Department of Homeland Security, which is responsible for border security. ... more
+ Pentagon hustles to jump in line with Trump's border directive
+ China denies detaining underground bishop
+ Greece urges Turkey 'goodwill gesture' on detained soldiers
+ Washington, Beijing flexing muscles in trade dispute
+ US gives boats to Vietnam amid South China Sea tensions
+ Beijing, Hanoi promise to keep peace in South China Sea
+ US defense chief Mattis says 'no reservations' about Bolton


Philippines to close Boracay island to tourists for six months
Manila (AFP) April 5, 2018
The Philippines has announced its best-known holiday island Boracay will be closed to tourists for six months over concerns that the once idyllic white-sand resort has become a "cesspool" tainted by dumped sewage. Philippine President Rodrigo Duterte ordered the shutdown to start April 26, his spokesman Harry Roque said late Wednesday on Twitter, without providing further detail. The dec ... more
+ Trump's environment chief faces intensifying scrutiny
+ Walden Pond, once pristine, now polluted: study
+ Russia landfill protest town on 'high alert'
+ UK plans plastic bottle charge to tackle pollution
+ Five ways to halt 'critical' land decay
+ New solution to harmful algal blooms raises hope of economic and environmental benefits
+ EU considers financial system alignment with green goals
Trump to send thousands of troops to border as Mexico spat heats up
Washington (AFP) April 5, 2018
US President Donald Trump on Thursday said he would send thousands of National Guard troops to the southern border, amid a widening spat with his Mexican counterpart Enrique Pena Nieto. The anti-immigration president said the National Guard deployment would range from 2,000 to 4,000 troops, and he would "probably" keep many personnel on the border until his wall is built - spelling out a le ... more
+ After 'Trump Effect,' illegal Mexico border crossings rebound
+ Trump vows to deploy military to Mexican border
+ Army to withdraw from street patrols in Guatemala
+ Boat carrying Rohingya stops on Thai island: official
+ Where Chinese space station Tiangong falls to Earth still a mystery
+ In Fukushima ghost town, a factory on the road to rebirth
+ Fearing worst, French 'preppers' gear up for the Day After
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