Oil News and Gas News
June 06, 2018
OIL AND GAS
Qatar taps into giant Argentinean shale reserve



Washington (UPI) Jun 4, 2018
Buying an equity stake in the Vaca Muerta shale natural gas basin in Argentina marks a debut in unconventional resources, Qatar Petroleum announced. The state-owned petroleum company in Qatar said it reached an agreement with U.S. supermajor Exxon Mobil to take a 30 percent stake in its operations in Argentina. The arrangement gives Qatar Petroleum access to the Vaca Muerta shale basin, located onshore in the Neuquén basin in Argentina. "This is an important milestone, as it marks Qatar ... read more

OIL AND GAS
Repsol to crunch more refinery data with Google's help
Washington (UPI) Jun 4, 2018
By utilizing the cloud data service from Google, Spanish energy company Repsol's efficiency improvements could yield $20 million in capital growth. ... more
OIL AND GAS
OPEC ministers mindful of potential supply-side deficits
Washington (UPI) Jun 4, 2018
Parties to an OPEC-led effort to collaborate on the methods necessary for a healthy market said they were committed to help offset oil production declines. ... more
OIL AND GAS
Oil prices flat as the dust settles over global trade disputes
Washington (UPI) Jun 4, 2018
Near-global concerns about U.S. trade policies and growth in crude oil production from leading suppliers helped push crude oil prices lower on Monday. ... more
OIL AND GAS
Trucks fill Chinese gaps in LNG market
Washington (UPI) Jun 4, 2018
The lack of available pipeline capacity leaves the Chinese market looking at trucking to bridge the gap for liquefied natural gas deliveries, analysis finds. ... more


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OIL AND GAS
Johan Sverdrup platform component installed
Washington (UPI) Jun 4, 2018
With the installation of a 22,000 ton component of a platform in place, the Johan Sverdrup oil field is ready for production next year, Equinor said Monday. ... more
OIL AND GAS
Iran sees Spain interested in its petrochemicals sector
Washington (UPI) Jun 4, 2018
Italian energy company Saipem may be interested in working in the Iranian energy market despite U.S. sanctions concerns, Iran's energy ministry reported. ... more
OIL AND GAS
Russia, Austria vow to improve strategic energy ties
Washington (UPI) Jun 1, 2018
Marking 50 years of collaboration, Russian energy company Gazprom and Austria's OMV vowed to work toward a new level of strategic cooperation. ... more
OIL AND GAS
U.S. tariff response swift and critical
Washington (UPI) Jun 1, 2018
Tariffs on imported aluminum and steel run counter to the U.S. president's strategy of achieving global energy dominance, an oil and gas trade group said. ... more
OIL AND GAS
Oil prices shrug off positive U.S. jobs data
Washington (UPI) Jun 1, 2018
Multilateral trade concerns overshadowed a good U.S. jobs report for the commodities market, with crude oil prices tracking toward a loss on Friday. ... more
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OIL AND GAS
'Mission impossible' for US cities that want to respect Paris climate deal
Philadelphia (AFP) June 1, 2018
When President Donald Trump announced the US exit from the Paris climate deal one year ago, the mayor of Philadelphia was among those who vowed to keep carrying the torch. ... more
OIL AND GAS
CNOOC awards contract for oil field in South China Sea
Washington (UPI) Jun 1, 2018
A contract for subsea work at an oil field in the South China Sea could help unlock hundreds of millions of barrels of oil reserves, TechnipFMC announced. ... more
OIL AND GAS
There may be credit implications with Trans Mountain
Washington (UPI) Jun 1, 2018
With the federal government in Canada taking over the Trans Mountain oil pipeline effort, critics and investment analyst warned of credit implications. ... more
OIL AND GAS
Iran wants sanctions considerations at OPEC
Washington (UPI) May 31, 2018
OPEC members at their next regular meeting in June should prioritize measures aimed at protecting members targeted by sanctions, Iran's oil minister said. ... more
OIL AND GAS
Shell brings new partner behind Canadian LNG plans
Washington (UPI) May 31, 2018
Shell's subsidiary in Canada said a transaction that gives Malaysian energy company PETRONAS a stake in a planned LNG facility isn't a statement on timing. ... more


Johan Sverdrup topside heads to North Sea

OIL AND GAS
Oil prices spreading apart, mirroring global rifts
Washington (UPI) May 31, 2018
Benchmark indices for oil were in a wide spread Thursday as U.S. oil inventories swell and global economic pressures intensify on the back of tariff concerns. ... more
OILGASDAILY



OIL AND GAS
U.S. spending driven by higher gas prices
Washington (UPI) May 31, 2018
The U.S. federal government reported Thursday that spending on gasoline and other energy products contributed most to a rise in consumer spending. ... more
OIL AND GAS
HRW: Lawsuits muzzling free speech in the environmental community
Washington (UPI) May 31, 2018
Human Rights Watch said Thursday it was worried that lawsuits meant to muzzle environmental advocacy groups were inhibiting free speech. ... more
OIL AND GAS
Texas oil production higher, but data are mixed
Washington (UPI) May 30, 2018
Preliminary data on crude oil production from the shale basins in Texas show a moderate increase from last year, a state regulator reported. ... more
OIL AND GAS
Senegal's oil has good break-evens
Washington (UPI) May 30, 2018
There is a strategic interest emerging in oil from offshore Senegal, where a project can break even at $35 per barrel, the chairman of developer FAR Ltd. said. ... more
OIL AND GAS
U.S. gasoline prices follow the drop in oil price
Washington (UPI) May 30, 2018
The average price for a gallon of gas nationally came close to $3 per gallon during the long U.S. holiday weekend, but could be stabilizing, analyses find. ... more
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Polymer researchers discover path to sustainable and biodegradable polyesters
Blacksburg VA (SPX) Jun 04, 2018
There's a good chance you've touched something made out of the polyolefin polymer today. It's often used in polyethylene products like plastic bags or polypropylene products like diapers. As useful as polyolefins are in society, they continue to multiply as trash in the environment. Scientists estimate plastic bags, for example, will take centuries to degrade. But now, researchers at ... more
+ 'Deforestation-free' palm oil not as simple as it sounds
+ Advanced biofuels can be produced extremely efficiently, confirms industrial demonstration
+ Technique doubles conversion of CO2 to plastic component
+ Scientists have deciphered the chemical reaction mechanism critical for cleaner combustion
+ New catalyst upgrades greenhouse gas into renewable hydrocarbons
+ Key enzyme for production of second-generation ethanol discovered in Brazilian Amazon
+ World's strongest bio-material outperforms steel and spider silk
UK set to smash renewable energy targets for 2020
London, UK (SPX) Jun 01, 2018
A steady surge in the UK's solar panels market means the country is on course to achieve almost double its 2020 renewable energy target. Reflecting the large-scale uptake of clean energy worldwide-with China and India spearheading the expansion in terms of consumption and production -the number of new solar panel installations throughout the UK has continued to rise. Between January ... more
+ Solar energy: Mixed anion compounds with 'fluorine' works as new photocatalytic material
+ How greener grids can stay lit
+ The blockchain project Solar DAO is to implement its first PV solar plants in Kazakhstan
+ SOVENTIX completes solar plant in KNYSNA elephant park in South Africa
+ Tom Steyer group claims win in Michigan energy sector
+ Has California put the proper mechanisms in place to succeed with solar mandate?
+ A photosynthetic engine for artificial cells


Cryptocurrency blowing in the wind as mine opens in Estonia
Tallinn (AFP) June 1, 2018
A state-owned Estonian wind farm launched a cryptocurrency mine on Friday, hoping to cash-in on Mother Nature's unlimited supplies of power on a windswept Baltic Sea island, a company official said. Mining virtual currencies, like bitcoin, ethereum or ripple, requires powerful computers that are voracious users of electricity, making it uneconomical to mine without a cheap source of energy l ... more
+ U.S. Atlantic states eye offshore wind leadership
+ European wind energy generation potential in a warmer world
+ New York to world's largest offshore wildlife aerial survey
+ German utility E.ON sees renewable sector growth
+ Germany's E.ON wants even bigger wind footprint
+ US renewables firm takes Poland to court over U-turn on windmills
+ New control strategy helps reap maximum power from wind farms
Prototype nuclear battery packs 10 times more power
Moscow, Russia (SPX) Jun 01, 2018
Russian researchers from the Moscow Institute of Physics and Technology (MIPT), the Technological Institute for Superhard and Novel Carbon Materials (TISNCM), and the National University of Science and Technology MISIS have optimized the design of a nuclear battery generating power from the beta decay of nickel-63, a radioactive isotope. Their new battery prototype packs about 3,300 milliw ... more
+ France: Framatome to supply EDF with Enriched Reprocessed Uranium fuel assemblies
+ Framatome partners with McAfee to support energy industry cybersecurity
+ UK mulls direct stake in Hitachi nuclear plant: minister
+ World's first floating nuclear barge to power Russia's Arctic oil drive
+ France: Framatome to supply EDF with Enriched Reprocessed Uranium fuel assemblies
+ Berlin agrees to compensate power firms for nuclear exit
+ Construction delays make new nuclear power plants costlier than ever
Daily Newsletters - Space - Military - Environment - Energy

NASA's new chief changes mind, now believes in climate change
Washington (AFP) May 23, 2018
NASA's new administrator, a former lawmaker nominated by President Donald Trump to lead the US space agency, admitted Wednesday he has changed his mind about climate change and now believes that humans are the main driver of greenhouse gas emissions. "The National Climate Assessment that includes NASA and it includes the Department of Energy, and it includes NOAA (the National Oceanic and At ... more
+ European Commission wants more climate funding
+ Invisible barrier on ocean surface can reduce carbon uptake
+ 1.5C cap on warming saves global economy trillions: study
+ Dutch govt appeals landmark greenhouse gases ruling
+ Dusty rainfall records reveal new understanding of Earth's long-term climate
+ Families from 8 countries sue EU over climate change
+ Climate change in Quebec equals a much greater diversity of species?
Electric vehicle market exposed to risk from violence
Washington (UPI) May 31, 2018
The global electric vehicle market is expanding, but the supporting metals and refining markets are exposed to risk, an IEA report found. A report from the International Energy Agency on the global outlook for electric vehicles found sales passed 1 million last year, a record level and a 54 percent increase over 2016. Norway has the largest concentration, with EV sales accounting for 39 ... more
+ New material could replace expensive platinum catalysts used in hydrogen cars
+ Hamburg leads charge with Germany's first diesel ban
+ Waymo adds 62,000 vehicles for autonomous taxi service
+ French carmaker PSA to exit Iran over US sanction risk
+ Britain's supply of electric cars at risk from Brexit: think-tank
+ Berlin wants answers from Daimler over 'pollution cheating'
+ Hamburg is first German city to order diesel bans


Iraq court sentences French woman to life for IS membership
Baghdad (AFP) June 3, 2018
An Iraqi court on Sunday jailed a French woman for 20 years for belonging to the Islamic State group, as her lawyers accused authorities in Paris of "interference" to prevent her returning to France. Melina Boughedir, a mother of four, was sentenced last February to seven months in prison for "illegal" entry into the country, and was set to be deported back to France. But another court o ... more
+ Confusion reigns in Iraq amid election fraud charges
+ Spirit of Ramadan returns to Iraq's IS-free Mosul
+ Iraq orders probe after voting machines fail hacking test
+ Five dead in Baghdad cafe suicide bombing claimed by IS
+ Saudi urged not to turn Iraq into 'cold war' front with Iran
+ Nearly a year since fall of Iraq's Mosul, hunt for bodies goes on
+ Iraq cleric Sadr wants 'inclusive' coalition formed soon
Kim says committed to denuclearisation of Korean peninsula: KCNA
Seoul (AFP) May 31, 2018
North Korean leader Kim Jong Un told Russian Foreign Minister Sergei Lavrov he was committed to denuclearisation of the Korean peninsula, the official KCNA news agency reported Friday. "Kim Jong Un said that the DPRK's will for denuclearisation of the Korean peninsula still remains unchanged and consistent and fixed," KCNA reported after their meeting in Pyongyang on Thursday. Kim hoped ... more
+ Qatar says will not 'fuel a war' against Iran
+ Netanyahu warns Merkel of new refugee crisis sparked by Iran
+ Pompeo, top N. Korean official plan summit as Lavrov meets Kim
+ Netanyahu heads to Europe seeking about-face on Iran
+ Hard choices for US, N. Korea at high-stakes summit
+ UN nuclear watchdog ready for N Korea work 'within weeks'
+ US troop presence in S. Korea not 'on table' at Trump-Kim summit: Mattis
Daily Newsletters - Space - Military - Environment - Energy

Costly date: 64.89 yuan forbidden on Tiananmen June 4 anniversary
Beijing (AFP) June 4, 2018
China's information blackout about the crackdown on the 1989 Tiananmen protests took a new turn on Monday: users of a popular social media app could not send each other money transfers alluding to the anniversary date. Open discussion of the brutal crackdown is forbidden in China, where hundreds - by some estimates more than a thousand - died when the Communist Party sent tanks on June 4, ... more
+ Hong Kong independence duo given jail term for parliament chaos
+ With Cambodia's free press under fire, 'China model' makes inroads
+ Families of Tiananmen victims urge China's Xi to 're-evaluate' crackdown
+ Hong Kong independence duo given jail term for parliament chaos
+ China's LGBT community finds trouble, hope at end of rainbow
+ China Nobel dissident's widow says serving 'life sentence' for love
+ Nine jailed in Hong Kong for 'Fishball Revolution' riots
New perspectives on African migration
Brussels, Belgium (SPX) Jun 05, 2018
The number of people in Africa moving from their home country is set to increase in line with population growth over the coming decades, according to the findings of a joint study from the JRC and the European Political Strategy Centre (EPSC). Demographic expansion will by itself lead to an increase in the absolute number of people on the move. Currently the majority remain on the African ... more
+ Faith leaders, Pygmies join forces in fight for Congo forest
+ US says air strike kills 12 militants in Somalia
+ Defence minister warns of intervention in Madagascar crisis
+ Help wanted: UN mission struggles in troubled C. Africa
+ Prehistoric teeth dating back 2 million years reveal details on ancient Africa's climate
+ China, Russia rise in C. Africa as Western influence shrinks
+ China, Burkina Faso establish ties following Taiwan snub


Rolls-Royce to deliver V-22 Osprey engines for U.S. military
Washington (UPI) Jun 1, 2018
The U.S. Navy is exercising an option in its contract with Rolls-Royce, awarding the company $28.3 million for engines for the V-22 Osprey tiltrotor aircraft. Rolls-Royce will deliver 15 production AE1107C engines, including seven for the Marine Corps, six for the Navy and two for the Air Force, the Defense Department said Thursday. The AE1107C engines weigh 971 pounds each and d ... more
+ Zero 2 Infinity completed another successful launch from Europe's Stratoport, this time for Airbus
+ Taiwan F-16 fighter jet crashes, killing pilot
+ US search firm says to end MH370 hunt in 'coming days'
+ China plane makes emergency landing after window cracks
+ Lockheed tapped for support of developmental test F-35 aircraft
+ Boeing tapped for three P-8A Poseidon aircraft
+ Boeing tapped for Chinook helicopters for Saudi Arabia
Eurozone inflation leaps higher delivering 'headache' to ECB
Brussels (AFP) May 31, 2018
Inflation in the eurozone leaped to the ECB's target in May, data showed on Thursday, fuelled by a huge increase in oil prices as the US decided to pull out of a nuclear deal with Iran. The EU's statistics authority, Eurostat, said inflation in the eurozone jumped to 1.9 percent in May, a sharp pick-up from the 1.2 percent recorded in April. That puts inflation right at the European Cent ... more
+ China warns US against tariffs as trade talks end
+ China lowers tariffs, rejects US trade war escalation
+ EU joins global battle against Trump tariff onslaught
+ Walmart goes upscale with personal shopper service
+ China slams US for 'sudden flip-flops' in trade policy
+ China 'regrets' EU challenge at WTO
+ Escalating trade battle embroils G7 finance meet
Daily Newsletters - Space - Military - Environment - Energy

US Army launches war games on NATO's eastern flank
Vilnius (AFP) June 3, 2018
Some 18,000 troops from 19 mostly NATO countries began annual US-led military exercises in Poland and the Baltic states on Sunday to boost combat readiness on the alliance's eastern flank as it faces an increasingly assertive Russia. The eighth Saber Strike manoeuvres, which run until June 15, come after it was revealed Poland is considering a proposal to welcome a permanent deployment of US ... more
+ China rejects US accusations it seeks hegemony in Asia
+ Mattis accuses China of S. China Sea 'intimidation and coercion'
+ Modi calls for 'equal access' to shared maritime area
+ NATO tells Russia to stop meddling, in first talks since Skripal case
+ Mattis, Modi in Singapore for security summit
+ Philippines could go to war over South China Sea: Duterte aide
+ In nod to India, US military renames its Pacific Command


Delhi slum drowning in plastic as Environment Day focuses on India
New Delhi (AFP) June 4, 2018
A sea of plastic spreads through the New Delhi slum of Taimur Nagar, a symbol of the grime and waste that makes the Indian capital one of the world's most polluted cities. The plastic bottles, bags, food wrappers and other detritus have gushed out of a drain that ends in the shanty, leaving stinking sewer water clogging the roads. Stray dogs, goats and cows munch the plastic waste as tod ... more
+ Earliest European evidence of lead pollution uncovered in the Balkans
+ EU proposes ban on straws, other single-use plastics
+ Kicking the car(bon) habit better for air pollution than technology revolution
+ Quake helps clear the blackened air over Nepal's brick kilns
+ Recycled electrical products lead to hazardous chemicals appearing in everyday items
+ Quake helps clear the blackened air over Nepal's brick kilns
+ Poland to probe string of blazes at landfills
Peace needs at least 15 years: Colombian president
Geneva (AFP) June 1, 2018
Colombian President Juan Manuel Santos hailed Friday the peace accord reached in his country, but warned it would take at least 15 years to build a truly peaceful society. Speaking before the UN Labour Organization's annual assembly, Santos stressed that "peace is much more than just silencing the weapons." "Building peace is like building a cathedral; it is a long and complex process th ... more
+ Sentinel-1 warns of refugee island flood risk
+ Seismometer readings could offer debris flow early warning
+ China floods to hit US economy: Climate effects through trade chains
+ Air Forces's 'Guardian Angels' to receive new facilities
+ Navy captain accused in deadly Tunisia migrant boat sinking
+ 'Our families would be killed': Rohingya brace for monsoon
+ Arkema's Texas plant unprepared for Harvey floods, inquiry finds
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