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Santos rejects takeover offer from U.S.-based Harbour Energy![]() Washington (UPI) May 22, 2018 Talks with U.S.-based Harbour Energy were terminated after shareholders rejected a full-stock takeover offer, Australian energy company Santos said. The Australian subsidiary of Harbour last week offered $4.98 (USD) per share for an all-stock takeover of Santos. The Australian company said Monday it was reviewing an offer of $5.21 per share and Harbour said it would consider as much as $5.25 per share. "The Santos independent directors and managing director & CEO have unanimously resolve ... read more |
Gas prices could be impacting U.S. travel plansWashington (UPI) May 22, 2018 Gas prices this coming Memorial Day weekend will be the highest in four years and likely start to dent the summer travel season, industry experts said. ... more
Supply-side triple shock sends oil prices higherWashington (UPI) May 22, 2018 Forecasts of lower U.S. crude oil inventories, on top of fears of a lack of supply from Iran and Venezuela, pushed oil prices higher in early Tuesday trading. ... more
Alaska sees LNG potential with Chinese trade missionWashington (UPI) May 22, 2018 With trade tensions easing between the world's leading economies, Alaska's governor said cooperating in the energy sector could reduce them even further. ... more
Iran boasts of higher oil revenueWashington (UPI) May 22, 2018 Iranian revenue from crude oil sales increased substantially during the first month of the Iranian calendar year because of higher oil prices, a spokesman said. ... more |
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| Previous Issues | May 22 | May 21 | May 18 | May 17 | May 16 |
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Oil prices caught between U.S. policies on Iran, ChinaWashington (UPI) May 21, 2018 Oil prices moved slightly higher in early Monday trading on easing U.S.-Chinese trade tensions, but could rally higher on heightened U.S.-Iranian tensions. ... more
Iran expects oil production challengesWashington (UPI) May 21, 2018 It may be difficult for Tehran to continue pursuing oil production benchmarks in the face of possible sanctions pressure, the Iranian oil minister said. ... more
British lawmakers take up fracking policyWashington (UPI) May 21, 2018 British ministers are set to review whether or not guidance on domestic hydraulic fracturing is up to day, the British Parliament said Monday. ... more
Study finds no evidence of natural gas from fracking in Ohio drinking waterCincinnati OH (SPX) May 21, 2018 A study of drinking water in Appalachian Ohio found no evidence of natural gas contamination from recent oil and gas drilling. Geologists with the University of Cincinnati examined drinking wa ... more
China's CEFC threatens to sue Czech firm amid debt debaclePrague (AFP) May 18, 2018 The Prague-based European unit of Chinese private energy group CEFC on Friday threatened to sue a Czech firm that took it over citing CEFC's failure to pay debts. ... more |
![]() Oil prices losing grip on $80 ceiling
API: Economics, not necessarily risk, are driving oil pricesWashington (UPI) May 18, 2018 Its economic fundamentals rather than geopolitical currents that are driving the global energy market, the American Petroleum Institute said. ... more |
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Contract sets clock running for new Norwegian productionWashington (UPI) May 18, 2018 A contract for a part of the platform that will be used at the Gjøa field in the North Sea puts it closer to a 2021 start date, Neptune Energy said Friday. ... more
China stands to gain in Iran after US quits nuclear dealBeijing (AFP) May 18, 2018 The US decision to reimpose sanctions on Iran could scare off European investors but oil-thirsty China may step into the void and ramp up business links with the country. ... more
Riyadh works to allay India's concerns about oil pricesWashington (UPI) May 18, 2018 India should rest assured that Riyadh will do its part to ensure its economy can move forward in the face of higher oil prices, the Saudi energy minister said. ... more
Egyptian gas performing better than expectedWashington (UPI) May 18, 2018 A day after boasting that its North African production could double by year's end, SDX Energy said its performance in Egypt was better than expected. ... more
Evaluating active pressure management of induced earthquakesSan Francisco CA (SPX) May 18, 2018 Can altering the amount or rate of fluid injection and production in an oil and gas field or carbon storage site affect induced earthquakes in that field? A physics-based simulation presented at the ... more |
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New catalyst upgrades greenhouse gas into renewable hydrocarbons Toronto, Canada (SPX) May 22, 2018
A new technology from U of T Engineering is taking a substantial step towards enabling manufacturers to create plastics out of two key ingredients: sunshine and pollution.
Today, non-renewable fossil fuels not only provide the raw material from which plastics are made, they are also the fuel burned to power the manufacturing process, producing climate-warming carbon dioxide (CO2) - the Int ... more |
Recurrent Energy Secures Financing and Tax Equity Investment for North Carolina Project Guelph, Canada (SPX) May 18, 2018
Recurrent Energyhas closed on debt financing and tax equity investment commitment for the 74.8 MWac/102 MWp NC 102 solar photovoltaic project, located in Cabarrus County, North Carolina.
Prudential Capital Group will provide a $106.7 million debt facility for the project, including a tax equity bridge loan, term loan and revolving loan to the project. U.S. Bancorp Community Development Cor ... more |
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European wind energy generation potential in a warmer world London, UK (SPX) May 21, 2018
The UK and large parts of northern Europe could become windier if global temperatures reach 1.5 degrees C above pre-industrial levels, according to a new study.
This has implications for wind energy generation among other things. The results suggest that wind could be a more important source of energy generation than previously thought, with stronger winds across the UK. The research team ... more |
Framatome to provide Dominion Energy with steam generator services Washington DC (SPX) May 22, 2018
Framatome signed a multimillion-dollar contract with Dominion Energy to provide steam generator services to the company's entire nuclear reactor fleet. Scheduled to take place during eight outages from 2018 to 2020, the inspection and maintenance work will support the continued generation of low-carbon electricity from the Dominion fleet.
At nuclear energy facilities, steam generators play ... more |
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Climate change in Quebec equals a much greater diversity of species? Montreal, Canada (SPX) May 21, 2018
A team of researchers believe that, paradoxically, climate change may result in Quebec's national and provincial parks becoming biodiversity refuges of continental importance as the variety of species present there increases.
They used ecological niche modeling to calculate potential changes in the presence of 529 species in about 1/3 of the protected areas in southern Quebec almost all of ... more |
China to cut auto tariffs on July 1 as trade tensions ease Beijing (AFP) May 22, 2018
China announced Tuesday that it would cut tariffs on auto imports from July 1, the latest sign of a thaw in trade frictions with the United States.
Beijing has announced a flurry of liberalisations and reforms since coming under fire from the Trump administration and some European politicians for its protectionist policies.
The planned reduction in import duties from 25 percent to 15 pe ... more |
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Saudi urged not to turn Iraq into 'cold war' front with Iran Dubai (AFP) May 22, 2018
Saudi Arabia should avoid turning Iraq into a "battleground in a cold war" with its regional rival Tehran, the International Crisis Group said on Tuesday.
Iraq, located between Sunni-ruled Saudi Arabia and predominantly Shiite Iran, could undergo political change following an upset election victory by cleric Moqtada Sadr.
The key populist Shiite leader, seen as resisting Iran's influence ... more |
US to impose 'strongest sanctions in history' on Iran Washington (AFP) May 22, 2018 US Secretary of State Mike Pompeo on Monday warned Tehran would be hit with the "strongest sanctions in history" and cautioned European firms against continuing to do business with it, toughening up Washington's policy line after its withdrawal from the Iran nuclear deal.
In his first major foreign policy address since moving to the State Department from the CIA, the longtime Iran hawk and a ... more |
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A shipwreck and an 800-year-old 'made in China' label reveal lost history Chicago IL (SPX) May 23, 2018
Centuries ago, a ship sank in the Java Sea off the coast of Indonesia. The wooden hull disintegrated over time, leaving only a treasure trove of cargo. The ship had been carrying thousands of ceramics and luxury goods for trade, and they remained on the ocean floor until the 1980s when the wreck was discovered by fishermen.
In the years since, archaeologists have been studying artifacts re ... more |
12 civilians killed in Mali market attack Bamako (AFP) May 20, 2018
At least 12 civilians were killed in northern Mali in an attack on a market that also involved the shooting of a Malian soldier, military sources said on Sunday.
The attack took place Saturday in the town of Boulekessi near the border with Burkina Faso.
"Malian troops under the G5 Sahel command are at the centre of this incident," a military source from the joint force of soldiers from f ... more |
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Israel says first to use F-35 stealth fighter jets in combat Jerusalem (AFP) May 22, 2018
The Israeli military has used its newly acquired F-35 stealth fighters in combat, making it the world's first to do so, the air force commander said Tuesday.
"The Adir aircraft are already operational and flying combat missions," Major General Amikam Norkin said at a conference in central Israel, using the plane's Hebrew name.
"In fact, we have performed the first operational F-35 strik ... more |
Trump dampens chances of trade deal with China Washington (AFP) May 18, 2018 US and Chinese officials face a new round of tough trade talks on Friday as President Donald Trump discounted chances of a deal, but Beijing extended a potential olive branch.
Trump met with a Chinese delegation headed by Vice Premier Liu He on Thursday as talks aimed at easing frictions between the economic powers got underway.
"The two sides agreed to continue the discussions on Friday ... more |
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Chinese bank sells Trump dinner tickets for $150,000: report Beijing (AFP) May 18, 2018
A Chinese bank has been offering its clients the chance to buy tickets to a dinner with US President Donald Trump for $150,000, Bloomberg News reported Friday.
A Chinese-language invitation to the event seen by AFP, which did not include the hefty price tag, said the chair and finance chairman of the Republican National Committee (RNC) were "inviting you for dinner with President Trump" on M ... more |
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World's protected areas being rapidly destroyed by humanity Brisbane, Australia (SPX) May 22, 2018
One-third of the world's protected land is under intense human pressure, according to an international study described as 'a stunning reality check' on efforts to avert a biodiversity crisis.
The University of Queensland-led research has found six million square kilometres of protected land - equivalent to two-thirds the size of China - is in a state unlikely to conserve endangered biodive ... more |
An electronic rescue dog Zurich, Switzerland (SPX) May 22, 2018
Trained rescue dogs are still the best disaster workers - their sensitive noses help them to track down people buried by earthquakes or avalanches. Like all living creatures, however, dogs need to take breaks every now and again. They are also often not immediately available in disaster areas, and dog teams have to travel from further afield.
A new measuring device from researchers at ETH ... more |
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