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The market future is uncertain, Total says![]() Washington (UPI) Apr 26, 2018 Though crude oil prices are hovering near $70 per barrel, French supermajor Total said the market for crude oil may be bogged down by chronic uncertainty. The price for Brent crude oil was marching toward $75 per barrel early Thursday. With U.S. President Donald Trump expected to renege on the Iranian nuclear deal, the market is primed to carry a substantial premium and push Brent even higher. Brent has traded around $70 since the start of the second quarter in April on the back of an ex ... read more |
Shell touts offshore momentum in quarterly reportWashington (UPI) Apr 26, 2018 Adding more opportunities in the offshore sector is part of the effort to retool the evolving portfolio for Royal Dutch Shell, its chief financial officer said. ... more
U.S. extends comment period for Beaufort Sea drillingWashington (UPI) Apr 26, 2018 Concerned parties have another 30 days to weigh in on U.S. plans to open up the Arctic waters off the coast of Alaska to drillers, the government said. ... more
Momentum working in DNO's favor in Kurdish IraqWashington (UPI) Apr 26, 2018 Higher crude oil prices means forward momentum for operations in the Kurdish north of Iraq and an expanding network of assets, Norway's DNO said. ... more
Iraq grants oil exploration permits near Iran and KuwaitBaghdad (AFP) April 26, 2018 Iraq's oil ministry said Thursday it has granted licences to explore oil blocs in zones bordering Iran for the first time in half a century. ... more |
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| Previous Issues | Apr 26 | Apr 25 | Apr 24 | Apr 23 | Apr 22 |
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Norway's Statoil attributes production gains to the United StatesWashington (UPI) Apr 25, 2018 Norwegian energy major Statoil said its average equity production for the first quarter was up 6 percent year-on-year, driven mostly by its U.S. work. ... more
Tullow Oil keeps offshore Africa expectations staticWashington (UPI) Apr 25, 2018 Robust production from an evolving basin off the coast of Ghana in West Africa wasn't enough to change the outlook for the year, Tullow Oil said. ... more
Libyan oil production moves higher for Hess CorpWashington (UPI) Apr 25, 2018 Production from Libyan assets during the first quarter of the year expanded exponentially from last year's levels, U.S. energy company Hess Corp. said. ... more
Iraq launches production at southern gas fieldBaghdad (AFP) April 25, 2018 Iraq said Wednesday it had launched commercial production at its Siba gas field in the southern province of Basra in a joint venture with Kuwaiti, Turkish and Egyptian firms. ... more
Trade talks continue between oil-rich Iran and RussiaWashington (UPI) Apr 25, 2018 After hinting at a possible free-trade agreement between the two oil-rich countries, a Russian delegation said it was in Iran to explore the future for imports. ... more |
![]() Bangladesh receives first LNG cargo
Sunlight works against oil clean-up effortsWashington DC (SPX) Apr 26, 2018 Oil spills, whether minor leaks or major environmental disasters, are bound to happen. Chemical dispersants are one of the tools that can help mitigate the impact of such spills, but they become les ... more |
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Shell holds tight to shale basin in ArgentinaWashington (UPI) Apr 24, 2018 The Vaca Muerta shale formation in Argentina has substantial growth potential remaining, Shell said Tuesday after it unloaded its downstream business. ... more
U.S. exporting more oil, but that could changeWashington (UPI) Apr 24, 2018 Market conditions are right for more U.S. oil exports, but that could change on seasonal factors and uncertainty about consumer demand, a market report found. ... more
Weatherford takes a loss in the first quarterWashington (UPI) Apr 24, 2018 Following its industry peer, Schlumberger, oilfield services company Weatherford said its revenue for the first quarter was lower despite the robust market. ... more
Oil prices stuck on now-what questionsWashington (UPI) Apr 24, 2018 Crude oil prices were searching for direction in early Tuesday trading as geopolitical risk tugged against potential risks on the demand side. ... more
High gas prices not yet crimping demandWashington (UPI) Apr 24, 2018 Higher retail gasoline prices in the United States aren't doing much yet to crimp demand, which is testing multi-year highs, a market reports find. ... more |
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Carbon capture could be a financial opportunity for US biofuels Stanford CA (SPX) Apr 24, 2018
Although considered critical to avoiding catastrophic global warming, the feasibility of removing carbon dioxide from the atmosphere and storing it underground - known as negative emissions - has been in question.
"There's really no scenario that meets the world's climate goals without negative emissions," said Katharine Mach, a senior research scientist at Stanford's School of Earth, Ener ... more |
Nanoparticle breakthrough could capture unseen light for solar energy conversion Berkeley CA (SPX) Apr 24, 2018 An international team of scientists has demonstrated a breakthrough in the design and function of nanoparticles that could make solar panels more efficient by converting light usually missed by solar cells into usable energy.
The team, led by scientists at the U.S. Department of Energy's Lawrence Berkeley National Laboratory (Berkeley Lab), demonstrated how coating tiny particles with orga ... more |
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US renewables firm takes Poland to court over U-turn on windmills Warsaw (AFP) April 24, 2018
A US renewable energy group Invenergy said on Tuesday it had begun international arbitration against Poland, claiming it stands to lose hundreds of millions of dollars (euros) after the EU country reneged on its commitments to build wind farms.
Between 2005 and 2015, Invenergy built 11 wind farms in Poland, investing "hundreds of millions of dollars of equity capital to develop and construc ... more |
Balancing nuclear and renewable energy Argonne IL (SPX) Apr 26, 2018
Nuclear power plants typically run either at full capacity or not at all. Yet the plants have the technical ability to adjust to the changing demand for power and thus better accommodate sources of renewable energy such as wind or solar power.
Researchers from the U.S. Department of Energy's (DOE) Argonne National Laboratory and the Massachusetts Institute of Technology recently explored t ... more |
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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 |
China's electric carmakers bloom at Beijing auto show Beijing (AFP) April 26, 2018
Auto executives from across the globe are plugging their plans for an electric car future in China at the Beijing auto show, but they will find their Chinese counterparts are already motoring ahead.
Local carmakers and upstarts flaunted their latest plug-in models at the industry extravaganza this week, from sedans to SUVs and futuristic supercars fitted with the latest gadgets.
While Am ... more |
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Iraqi PM takes election campaign to Kurdish capital Arbil, Iraq (AFP) April 26, 2018
Prime Minister Haider al-Abadi on Thursday took his campaign for Iraq's May 12 elections to the capital of the autonomous Kurdistan region, seven months after its ill-fated independence referendum.
"Today we are all under the tent of Iraq, and whoever wants separation will be torn apart by hyenas," he said on arrival at the airport in Arbil where he was greeted by his Iraqi Kurdish counterpa ... more |
US Air Force tests missile in California Washington (AFP) April 25, 2018
The US Air Force on Wednesday test launched an unarmed Minuteman III intercontinental ballistic missile from Vandenberg Air Force Base in California, officials said.
According to a statement from Air Force Global Strike Command, the missile took off at 5:26 am (12:26 GMT) and was successful.
"A reliable test launch occurs when a test missile launches, completes its flight path within a d ... more |
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'Eradicate the tumours': Chinese civilians drive Xinjiang crackdown Moyu County, China (AFP) April 26, 2018 The civilian group descended on the village under government instructions to "win the people's hearts", but it also had a darker mission: identifying and punishing threats to the Chinese state.
Four months after the Communist Party sent the "work team" to Akeqie Kanle, a fifth of its adult population - over 100 people - had disappeared into detention and re-education centres.
The team ... more |
Double curse: After drought, Kenya's Dadaab refugee camps hit by floods Dadaab, Kenya (AFP) April 27, 2018 The children can't believe their luck: storms and showers have turned their dirt football pitch into a lake. Youngsters scamper and splash through the murky water, chasing one another, leaping and laughing.
Any entertainment is welcome in Dadaab, one of the biggest refugee bases in the world. An estimated 235,000 people, most of them Somalis, live a bleak life largely defined by drought, dus ... more |
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Lockheed contracted for F-35 support for Navy, Italy Washington (UPI) Apr 26, 2018
Lockheed Martin has been awarded a contract from the U.S. Navy for services in support of the F-35 Lightning II joint strike fighter.
The deal, announced Wednesday by the Department of Defense, is valued at more than $38.4 million, which is a modification to a previous award.
The contract from Naval Air Systems Command provides additional funds and enables Lockheed Martin for "lo ... more |
China warns US against causing 'damage' to trade in Huawei probe Beijing (AFP) April 26, 2018
China warned the United States on Thursday against harming trade after a report that US authorities had opened an investigation into suspected violations of Iran sanctions by China's Huawei Technologies.
A US Justice Department probe would come on the back of subpoenas issued to the company by the US Commerce and Treasury Departments over sanctions-related issues, according to the Wall Stree ... more |
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Macron: Meeting Dalai Lama would spark 'crisis' with China Washington (AFP) April 25, 2018
French President Emmanuel Macron on Wednesday rejected the prospect of meeting with the Dalai Lama, saying doing so without consulting Beijing first would trigger a "crisis" with China's government.
Macron, speaking at a town hall with George Washington University students in the US capital at the tail end of his state visit, said he met in Paris with the "very inspiring" exiled Tibetan spir ... more |
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Trump environment chief grilled by Congress amid ethics scandals Washington (AFP) April 26, 2018
US President Donald Trump's Environmental Protection Agency chief on Thursday received a tongue-lashing by members of Congress alarmed by mounting ethical scandals surrounding his tenure, with Democrats demanding his resignation.
EPA Administrator Scott Pruitt has faced several weeks of criticism over spending taxpayer dollars for first-class travel, construction of a sound-proof booth in hi ... more |
One dead, 16 injured after chemical leak at Czech plant Prague (AFP) April 26, 2018
One man died and 16 were injured in a toxic phenol leak at a chemical plant in the northwestern Czech city of Decin on Thursday, rescuers said.
"One man in serious condition, who was already resuscitated on the spot, died at an intensive care unit this afternoon," Ivo Chrastecky, spokesman for the Krajska zdravotni company running hospitals in the region, told AFP.
The injured, who inhal ... more |
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