Oil News and Gas News
April 24, 2018
OIL AND GAS
Halliburton remains committed to Venezuela



Washington (UPI) Apr 23, 2018
Oilfield services company Halliburton said it was still committed to the market in Venezuela, even as its Latin American segment saw quarterly revenue decline. Halliburton recorded revenue of $457 million for the first quarter from its Latin American operations, down 1 percent from the same time last year. The company attributed part of the decline to a drop in activity in Venezuela, which is the target of Western sanctions. "As a result of recent changes in the foreign currency exchange ... read more

OIL AND GAS
Subsea 7 ups ante for McDermott International takeover
Washington (UPI) Apr 23, 2018
Norwegian offshore services company Subsea 7 announced Monday it made a $2 billion unsolicited bid to take over McDermott International, a U.S. rival. ... more
OIL AND GAS
Transocean rig continues North Sea tour
Washington (UPI) Apr 23, 2018
A Transocean rig will be moving from an exploration well in the North Sea to frontier territory near existing oil and gas discoveries, Norway's government said. ... more
OIL AND GAS
U.S. sanctions relief to Russia drags oil prices lower
Washington (UPI) Apr 23, 2018
Relief measures from U.S. sanctions on Russia rippled across the commodities sector Monday, sending crude oil prices down more than 1 percent in early trading. ... more
OIL AND GAS
'Back-slider' Iraq keeps oil export levels steady
Washington (UPI) Apr 23, 2018
Iraq brought in nearly $6.5 million last month by exporting an average of nearly 3.5 million barrels of oil per day, the government said Monday. ... more


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OIL AND GAS
Iran considers currency swaps with Turkey
Washington (UPI) Apr 23, 2018
With sanctions pressure looming from the United States, the Central Bank for OPEC-member Iran said it was looking to swap currencies with neighboring Turkey. ... more
OIL AND GAS
GasBuddy: With gas prices this high, it's no wonder Trump is concerned
Washington (UPI) Apr 20, 2018
The surge in gas prices coming from higher crude oil prices means OPEC is cancelling out the gains of U.S. consumers from a tax break, GasBuddy said Friday. ... more
OIL AND GAS
Arctic wilderness area in Alaska to be opened to drilling
Washington (UPI) Apr 20, 2018
An initial step toward opening up an Arctic wilderness area in Alaska to oil and gas development unveils a revenue stream for the state, the governor said. ... more
OIL AND GAS
Iraq pays first war reparations to Kuwait since 2014
Geneva (AFP) April 20, 2018
Iraqi dictator Saddam Hussein has been dead for more than a decade but Kuwait is still receiving reparations for his 1990 invasion, with the latest tranche of $90 million approved on Friday. ... more
OIL AND GAS
Maritime shippers need more LNG
Washington (UPI) Apr 20, 2018
The maritime fleet industry needs to use more liquefied natural gas as a fuel in order to lower its emissions, a Finnish company said Friday. ... more
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OIL AND GAS
Tremor reported in shale-rich Oklahoma
Washington (UPI) Apr 20, 2018
A small tremor was recorded early Friday in the shale heartland of Oklahoma, one day after state regulators limited work because of seismic activity. ... more
OIL AND GAS
Schlumberger sees growing supply challenges
Washington (UPI) Apr 20, 2018
The oil and gas industry may need a significant amount of new investments to offset a looming supply shortage, the head of oil services firm Schlumberger said. ... more
OIL AND GAS
Bottlenecks curb output for shale player Sanchez
Washington (UPI) Apr 20, 2018
Despite gains in its drilling program, U.S. shale player Sanchez Energy said first quarter production was impacted by incidents outside of its control. ... more
OIL AND GAS
Crude oil prices break from rally mode
Washington (UPI) Apr 20, 2018
With the U.S. president trying his hand at influencing commodity markets, the price of oil turned lower on Friday after a steady streak of gains. ... more
OIL AND GAS
Brazil prosecutor recommends denying Total oil license near Amazon
Rio De Janeiro (AFP) April 19, 2018
A Brazilian prosecutor warned of "ecocide" in recommending against a drilling license for French oil major Total close to a huge coral reef near the mouth of the Amazon River. ... more


Oil prices rally in spite of darker economic clouds

OIL AND GAS
Norway's oil and gas production declines
Washington DC (UPI) Apr 19, 2018
Technical problems were to blame for a drop in average daily oil production from Norway, one of Europe's main suppliers, the government said. ... more
OILGASDAILY



OIL AND GAS
Amid trade tensions, Alaska's governor plans Chinese trade mission
Washington DC (UPI) Apr 19, 2018
A trade mission to China will showcase the prospects for investment opportunities in Alaska, the governor of the northern U.S. state said. ... more
OIL AND GAS
Funding emerges for company with a Cuban energy footprint
Washington DC (UPI) Apr 19, 2018
Melbana Energy, an Australian company with operations in Cuba and New Zealand, said it secured a $2.5 million loan to help finance its operations. ... more
OIL AND GAS
BP sees $6 billion in gas investments in India
Washington DC (UPI) Apr 19, 2018
British energy company BP said Thursday it signed off on the development of deepwater gas projects in India for a total investment of $6 billion. ... more
OIL AND GAS
In Iraq's oil-rich Basra, shanty towns flourish
Basra, Iraq (AFP) April 19, 2018
From his small home nestled alongside train tracks in the southern Iraqi province of Basra, Sultan Nayef looks out at plumes of smoke billowing across an expanse of oil fields. ... more
OIL AND GAS
Alberta stands up to British Columbia over Trans Mountain
Washington (UPI) Apr 17, 2018
In a shot across the bow of its western neighbor, Alberta's provincial government said it proposed legislation that could block cross-border oil and gas flows. ... more
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Wood formation model to fuel progress in bioenergy, paper, new applications
Raleigh NC (SPX) Apr 24, 2018
A new systems biology model that mimics the process of wood formation allows scientists to predict the effects of switching on and off 21 pathway genes involved in producing lignin, a primary component of wood. The model, built on more than three decades of research led by Vincent Chiang of the Forest Biotechnology Group at North Carolina State University, will speed the process of enginee ... more
+ Research shows how genetics can contribute for advances in 2G ethanol production
+ Algae-forestry, bioenergy mix could help make CO2 vanish from thin air
+ Removing the brakes on plant oil production
+ NUS engineers pioneer greener and cheaper technique for biofuel production
+ Notre Dame researchers developing renewable energy approach for producing ammonia
+ New insights into how cellulose is built could indicate how to break it
+ Sewage sludge leads to biofuels breakthrough
As Illinois Turns To Clean Energy, Sunrun Offers Rooftop Solar and Jobs
San Francisco CA (SPX) Apr 20, 2018
Sunrun Inc., the nation's largest residential solar, storage and energy services company, is expanding its home solar service to Illinois. Illinois residents will be able to generate their own electricity year-round with rooftop solar, benefitting from cleaner air, monthly savings, and freedom from rising utility bills. Long considered to be one of the most industrious and productive state ... more
+ Lockheed Martin and Rovsing collaborate to bring solar array simulators to market
+ Energy conversion: Optical 'overtones' for solar cells
+ Sea of solar panels turns Mexican desert green
+ New research could literally squeeze more power out of solar cells
+ New production concept for building-integrated solar modules drastically reduces costs
+ MicroLink Devices Achieves Certified 37.75% Solar Cell Power Conversion Efficiency
+ DoE offers $20 Million in New Projects to Lower Cost of Power Electronics in Solar


New control strategy helps reap maximum power from wind farms
Austin TX (SPX) Apr 24, 2018
Every two and a half hours, a new wind turbine rises in the U.S. In 2016, wind provided 5.6 percent of all electricity produced, more than double the amount generated by wind in 2010, but still a far cry from its potential. A team of researchers from The University of Texas at Dallas (UT Dallas) has developed a new way to extract more power from the wind. This approach has the potential to ... more
+ Alberta proposes more renewable energy incentives
+ Transformer station for giant German wind farm positioned
+ Scotland's largest offshore wind farm close to operational
+ Construction complete ahead of schedule at Sommette wind farm, France
+ California considered for offshore wind
+ China considering energy storage mandate for wind
+ The Evolution of Wind Power in 2017
Framatome receives two patent awards for nuclear innovations
Washington DC (SPX) Apr 20, 2018
Framatome Inc. received two patent awards over the last year for innovations that solve unique challenges in the nuclear energy industry. The patents address inventions to improve the inspection and operation of components in nuclear energy facilities. "Our employees consistently seek to advance nuclear technology in ways that will benefit our customers' operations and the field as a whole ... more
+ Quake hits near Iran nuclear power plant
+ Namibia president denies graft in nuclear deal
+ NRC approval brings Framatome's fuel technology closer to market
+ Framatome displays year of powerful performance, supports 44 nuclear power outages in 2017
+ Nuclear safety: AREVA develops an innovative technology for reactor inspection
+ NRC approval brings Framatome's fuel technology closer to market
+ Putin launches Turkey nuclear project, vows faster arms delivery
Daily Newsletters - Space - Military - Environment - Energy

Surviving climate change, then and now
Montreal, Canada (SPX) Apr 22, 2018
Trade and social networking helped our Homo sapiens ancestors survive a climate-changing volcanic eruption 40,000 years ago, giving hope that we will be able to ride out global warming by staying interconnected, a new study suggests. Analyzing ancient tools, ornaments and human remains from a prehistoric rock shelter called Riparo Bombrini, in Liguria on the Italian Riviera, archeologists ... more
+ California to 'whiplash' between drought, floods: study
+ China may avoid 94,000 deaths with climate policies: study
+ Michael Bloomberg pledges $4.5m to Paris climate deal
+ Trudeau urges nations to make Paris climate deal 'reality'
+ Unusual climate during Roman times plunged Eurasia into hunger and disease
+ More frequent droughts mean fewer flowers for bees
+ October trial set for US kids' climate change lawsuit
Faster EV chargers to allay range anxiety
Washington (UPI) Apr 23, 2018
Japanese energy company Marubeni Corp. said it would work in the U.S. market to deliver ultra-fast charging stations for electric vehicles. The company said it was working through its U.S. subsidiary, a division of Volkswagen and Electrify America LLC on a $2 billion investment in electric vehicle infrastructure. Under the terms of the arrangement, Marubeni said it would collaborate wit ... more
+ Global carmakers gear up for China's auto show as sector opens
+ German police arrest Porsche manager over diesel scandal
+ Jack Ma says Alibaba 'doing a lot of research' on driverless cars
+ ULEMCo to Demonstrate First Zero Emission Combustion Engine Truck
+ China to relax foreign ownership limits on cars, other industries
+ With bikes, transit, Uber unveils urban transport vision
+ EU unveils new consumer protections after 'dieselgate' scandal


IS threatens Iraq polling stations ahead of vote
Baghdad (AFP) April 23, 2018
The Islamic State group has threatened to attack Iraqi polling stations and voters during parliamentary elections next month. In a message posted to the Telegram messaging app on Sunday, IS spokesman Abu Hassan al-Muhajir called on Sunni Iraqis to boycott the May 12 polls, the first since Iraqi Prime Minister Haider al-Abadi declared victory over the jihadists in December. "Oh Sunnis.. ... more
+ Iraq says it killed 36 'IS terrorists' in Syria raid
+ 14 Saddam-era officials still jailed in Iraq
+ Three Shiites lead field for Iraq election
+ Iraq says it carried out air raid against IS in Syria
+ UN Security Council postpones visit to Iraq
+ More than 300 sentenced to death in Iraq for IS links
+ Iraq sentences French woman to life in jail for joining IS
US, Russian nuclear shift as dangerous as NKorean threat
Geneva (AFP) April 19, 2018
A recent shift in nuclear weapons policies in the United States and Russia, involving upgrades, modernisation and growing arsenals is as dangerous as North Korea's nuclear threat, campaigners warned Thursday. Beatrice Fihn, who heads the International Campaign to Abolish Nuclear Weapons (ICAN), hailed an upcoming summit between the United States and North Korean in what Washington hopes will ... more
+ Trump: US has conceded 'nothing' to N.Korea
+ 'A lot of reasons for optimism' on N. Korea talks: Mattis
+ Netanyahu turns up volume as Iran deadline nears
+ France's Macron at White House, Mount Vernon as state visit begins
+ Empty promises? N.Korea watchers greet Kim move with skepticism
+ Threat of nuclear weapons use growing, UN warns
+ Macron on Iran nuclear deal: There is no 'Plan B'
Daily Newsletters - Space - Military - Environment - Energy

Kim's 'bitter sorrow' as N. Korea bus crash kills 32 Chinese tourists
Beijing (AFP) April 23, 2018
North Korean leader Kim Jong Un expressed his "bitter sorrow" after dozens of Chinese tourists were killed when a bus they were travelling in plunged off a bridge. Thirty-two Chinese tourists and four North Koreans perished in the accident south of the capital Pyongyang Sunday night, Chinese officials and state media said. Two other Chinese nationals were injured. In a rare admission of ... more
+ China doctor detained over 'poison' tonic comments released
+ China arrests alleged associates of runaway tycoon
+ China's 'men only' job culture slammed in new report
+ Spain accuses CaixaBank of laundering Chinese money
+ #IamGay backlash a rare win for China's LGBT community
+ China's Weibo backtracks on gay content ban
+ Former China Politburo member pleads guilty to bribery
Nuggets of contention: Chinese mine gold in Cameroon
Longa Mali, Cameroun (AFP) April 22, 2018
Killings, land grabs, corruption... tensions and violence are rising in eastern Cameroon as Chinese firms take advantage of a regulatory twilight zone to mine gold. "There are constant conflicts between Cameroonians and the Chinese" over gold mining, said Narma Ndoyama, a farmer in Longa Mali, a small village in the middle of the mining area. At the beginning of April, four companies wer ... more
+ Climate change mitigation project threatens local ecosystem resilience in
+ US urges Nigeria to change tactics against Boko Haram
+ Boko Haram kills three Chadian soldiers
+ US, Nigeria hold military summit in Abuja
+ Ghana is the best country to host AU Space Agency
+ Five park rangers, driver killed in DR Congo's Virunga wildlife sanctuary
+ UN troops attacked in C.African capital after security sweep


Northrop Grumman to support Japan's E-2C Hawkeye
Washington (UPI) Apr 20, 2018
Northrop Grumman was awarded a contract from the U.S. Navy for identifying friend or foe technology compatible with the E-2C Hawkeye. The deal, announced Thursday by the Department of Defense, is valued at more than $51.8 million under the terms of a firm-fixed-price delivery order, which is a modification to a previous basic order agreement. The contract from Naval Air Systems C ... more
+ State Dept. approves $1.2B sale of helicopters, missiles to Mexico
+ Northrop to repair technology on Hawkeyes, Lockheed to upgrade C-130 aircraft
+ Russian aircraft provider stops doing business with NATO
+ F-35 Completes Most Comprehensive Flight Test Program in Aviation History
+ Airbus aiming to step up A320neo production
+ Algeria in mourning after its deadliest plane
+ Boeing tapped to support P-8A Poseidon training
World Bank shareholders approve $13 bln capital increase
Washington (AFP) April 21, 2018
World Bank shareholders approved a "historic" increase in the bank's lending capacity Saturday after the United States backed a reform package that curbs loans and charges more for higher income countries like China. World Bank President Jim Yong Kim said neither China nor any middle income countries was happy about the prospect of paying more for loans, but they agreed because of the overal ... more
+ Beijing says welcomes Mnuchin visit for crunch trade talks
+ Escalating trade dispute could derail recovery, put 'many jobs at risk': WTO chief
+ China targets US, EU with rubber trade case
+ IMF's Lagarde warns against harming trade, investment
+ France rejects 'vain and pointless' trade fight with China
+ Door to US-China trade talks seems to open after IMF meeting
+ Bitcoin's true believers vow to ride out currency rollercoaster
Daily Newsletters - Space - Military - Environment - Energy

NATO moves from Cold War bunker to glass and steel palace
Brussels (AFP) April 19, 2018
With its futuristic curved roof, gleaming walls of glass and steel and host of eco-friendly features, NATO's new billion-euro Brussels headquarters is a world away from the drab, low-slung warren of offices reeking of Cold War intrigue that it replaces. The alliance is almost halfway through its move into the new building, with Secretary General Jens Stoltenberg expected to shift to his new ... more
+ US brands China and Russia 'forces of instability'
+ Turkey to consider Greek soldiers' case if coup suspects returned
+ US-China trade tension dominates IMF gathering
+ Chinese, Indian leaders to meet this week
+ Chinese ship conducting research near disputed islets: Japan
+ NATO not planning to boost military presence in Baltics
+ Russian general and NATO commander meet in Baku


California has worst US air pollution: report
Los Angeles (AFP) April 18, 2018
California has the most polluted cities in the United States, a report issued on Wednesday said, as President Donald Trump's administration seeks to force the state to weaken its vehicle emissions standards. The study published by the American Lung Association - which covers the period from 2014 to 2016, the year before Trump took office - said Los Angeles remained the city with the worst ... more
+ BHP, Vale given extension to settle Brazil mine disaster claim
+ Nigerians demand air quality data over pollution fears
+ Engineering a plastic-eating enzyme
+ UK to ban sale of plastic straws to tackle marine waste
+ Kitchen cabinets could leach harmful chemical compounds into the air
+ UK designer Christopher Raeburn transforms the unexpected
+ Fresh clashes as anti-capitalists attempt to rebuild French camp
Iraq to rebuild iconic Mosul mosque destroyed in IS fight
Baghdad (AFP) April 23, 2018
The United Arab Emirates and Iraq on Monday launched a joint effort to reconstruct Mosul's Great Mosque of al-Nuri and its iconic leaning minaret, ravaged last year during battles to retake the city from jihadists. During the ceremony at Baghdad's National Museum, UAE Culture Minister Noura al-Kaabi said her country would put forward $50.4 million (41.2 million euros) for the task. "The ... more
+ Dragon boat accident kills 17 in southern China
+ Billions to rebuild post-quake Nepal being misdirected
+ Fears for Rohingya as first rains flood Bangladesh camps
+ 11 migrants dead, 263 rescued off Libya coast: navy
+ Italy, Greece to launch plan to identify missing migrants
+ Portable device to sniff out trapped humans
+ How does one prepare for adverse weather events? Depends on your past experiences
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