Oil News and Gas News
June 07, 2018
OIL AND GAS
Repsol takes conservative approach given oil price volatility



Washington DC (UPI) Jun 06, 2018
Spanish energy company Repsol said Wednesday it was taking a conservative approach to its short-term plans given the volatility in crude oil prices. The price for Brent crude oil, the global benchmark, has been somewhat erratic so far this year amid evolving concerns about global trade wars and geopolitical risk. Brent hit a low for the year at $61.94 per barrel in February, set a multi-year high at $80.42 in late May and was trading near $75 per barrel early Wednesday. In a two-year str ... read more

OIL AND GAS
U.S. gas prices ebb, but still at a painful level
Washington DC (UPI) Jun 05, 2018
U.S. retail gasoline prices are pulling back in line with declines in crude oil prices, but continue to put a crimp on people's wallets, analysts said. ... more
OIL AND GAS
Trade concerns, OPEC issues push oil prices lower
Washington DC (UPI) Jun 05, 2018
Crude oil prices drifted lower in early Wednesday trading amid signs of slumping U.S. consumer demand and lingering concerns about global trade disputes. ... more
OIL AND GAS
Russia, Austria double down on European energy image
Washington DC (UPI) Jun 05, 2018
The strong bilateral energy relationship between Russia and Austria can only serve to improve energy security in Europe, an Austrian leader said. ... more
OIL AND GAS
Irish offshore reserve estimate nearly doubles
Washington DC (UPI) Jun 05, 2018
More interest in the oil and gas basin off the western coast of Ireland is expected after reserve estimates nearly doubled, Europa Oil & Gas said Tuesday. ... more


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OIL AND GAS
NATO rejects Qatar membership ambition
Brussels (AFP) June 6, 2018
NATO on Wednesday declined an overture by Qatar to join the Western military defence alliance, saying membership was reserved to the United States and Europe. ... more
OIL AND GAS
OPEC-member Venezuela facing more regional pressures
Washington DC (UPI) Jun 05, 2018
Venezuela may be facing further economic obstacles as the U.S. secretary state calls for its suspension from the Organization of American States. ... more
OIL AND GAS
France seeks ways to keep Iranian oil flowing
Washington DC (UPI) Jun 05, 2018
European parties to the Iranian nuclear agreement are working on ways to ensure Iran can keep exporting oil to the market, a French minister said. ... more
OIL AND GAS
Namibia drawing more focus from energy companies
Washington DC (UPI) Jun 05, 2018
OPEC-member Angola's southern neighbor, Namibia, could be a focal point with a quarter-million barrels of potential reserves, an Atlantic-focused company said. ... more
OIL AND GAS
Exxon, Equinor complete partnership offshore Brazil
Washington DC (UPI) Jun 06, 2018
Development of oil basins off the coast of Brazil remains a core focus, Norwegian energy company Equinor said after selling off interests to Exxon Mobil. ... more
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OIL AND GAS
Fitch: Energy-rich Qatar goes from crisis to surplus
Washington DC (UPI) Jun 05, 2018
Recovering from political disputes, a $10 per barrel increase in the price of oil could add about 4 percent to GDP from gas-rich Qatar, Fitch Ratings reported. ... more
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. ... 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


Trucks fill Chinese gaps in LNG market

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
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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
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
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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
Flexible solar cells: Will they someday power your devices?
Montreal, Canada (SPX) Jun 07, 2018
Will you ever be able to charge your mobile device, car and even clothing with flexible solar cells? Researchers at Aalto University in Finland and Universite de Montreal are studying whether the now-experimental technology could someday be mass-produced and commercialized, and some of the issues that have to be resolved, including the environmental impact. For the electronic cells to be v ... more
+ UK set to smash renewable energy targets for 2020
+ 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
+ Indonesia makes strides in solar power


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
+ Fire in Chernobyl zone, Kiev says radiation levels safe
+ World first EPR nuclear reactor begins work in China
+ 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
+ France: Framatome to supply EDF with Enriched Reprocessed Uranium fuel assemblies
+ World's first floating nuclear barge to power Russia's Arctic oil drive
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?
New material could replace expensive platinum catalysts used in hydrogen cars
Buffalo NY (SPX) Jun 01, 2018
What's better than platinum? In hydrogen fuel cells, the answer is cofacial cobalt porphyrins. It's a mouthful to say, and if you're not a chemist, you've probably never heard of these compounds before. But these molecules - which are great at facilitating a chemical reaction that's needed to produce power from hydrogen and oxygen - could be the next big advance in alternative energy. The ... more
+ French carmaker PSA to exit Iran over US sanction risk
+ Electric vehicle market exposed to risk from violence
+ Hamburg leads charge with Germany's first diesel ban
+ Waymo adds 62,000 vehicles for autonomous taxi service
+ 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 parliament orders full election recount
Baghdad (AFP) June 6, 2018
Iraq's parliament Wednesday ordered a manual recount of the May 12 legislative elections and sacked the commission which oversaw the polls that resulted in a surprise victory for a populist Shiite cleric. After several failed attempts because of a lack of quorum, outgoing MPs met to order a recount at all polling stations, covering almost 11 million votes, in response to charges of electoral ... more
+ Iraq court sentences French woman to life for IS membership
+ 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
Iran uranium enrichment plan aims to destroy Israel: Netanyahu
Jerusalem (AFP) June 5, 2018
Prime Minister Benjamin Netanyahu said Tuesday that the Iranian plan to increase its nuclear enrichment capacity was aimed at producing nuclear weapons to be used against Israel. "Two days ago, Ayatollah Khamenei, Iran's supreme leader, stated his intention to destroy the State of Israel," Netanyahu said in a video posted on social media. "Yesterday he explained how he would do it - by ... more
+ Europe under pressure as Iran 'nears nuclear red line'
+ Iran 'preparing activities' in case nuclear deal fails
+ Summit brings former secret envoy Pompeo center stage
+ Sudan defence firms scrap North Korea deals
+ Trump hosts Japan PM, five days before summit with Kim
+ China's gateway to N. Korea pins hopes on Kim-Trump summit
+ Kim says committed to denuclearisation of Korean peninsula: KCNA
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
+ 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
+ With Cambodia's free press under fire, 'China model' makes inroads
+ Families of Tiananmen victims urge China's Xi to 're-evaluate' crackdown
+ 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


F-35A weather shelter to be built on Alaska base
Washington DC (SPX) Jun 06, 2018
Eielson U.S. Air Force Base in Alaska is set to receive a new F-35A Lightning II weather shelter in a new Defense Department deal. The contract, from the U.S. Army Corps of Engineers and announced on Tuesday, is valued at more than $82.1 million under the terms of a firm-fixed-price contract that enables Watterson Construction Company to construct a weather shelter for the advanced airc ... more
+ Rolls-Royce to deliver V-22 Osprey engines for U.S. military
+ Taiwan F-16 fighter jet crashes, killing pilot
+ Zero 2 Infinity completed another successful launch from Europe's Stratoport, this time for Airbus
+ US search firm says to end MH370 hunt in 'coming days'
+ Lockheed tapped for support of developmental test F-35 aircraft
+ China plane makes emergency landing after window cracks
+ Boeing tapped for three P-8A Poseidon aircraft
China warns US against tariffs as trade talks end
Beijing (AFP) June 3, 2018
China warned the US that any deals reached during ongoing trade talks would be void if Washington went ahead with imposing tariffs on Chinese goods, as the latest round of negotiations ended on Sunday in Beijing. The third round of trade talks between the world's two largest economies appeared to fall short of bridging the gap between Beijing and Washington, which are at loggerheads over Chi ... more
+ EU joins global battle against Trump tariff onslaught
+ China 'regrets' EU challenge at WTO
+ Eurozone inflation leaps higher delivering 'headache' to ECB
+ China lowers tariffs, rejects US trade war escalation
+ Escalating trade battle embroils G7 finance meet
+ Walmart goes upscale with personal shopper service
+ China slams US for 'sudden flip-flops' in trade policy
Daily Newsletters - Space - Military - Environment - Energy

US sets up task force on diplomats sick in Cuba, China
Washington (AFP) June 5, 2018
The United States has set up a task force to oversee the response to mystery ailments among its diplomats in Cuba and China, Secretary of State Mike Pompeo said Tuesday. The State Department has previously said brain injuries suffered by 24 US officials and family members posted in Havana could have been the result of a "health attack," perhaps from an unidentified secret weapon. Washing ... more
+ US sanctions won't impact India-Russia defence ties: minister
+ EU-US trade row looms over NATO defence meet
+ US Army launches war games on NATO's eastern flank
+ Mattis accuses China of S. China Sea 'intimidation and coercion'
+ Modi calls for 'equal access' to shared maritime area
+ China rejects US accusations it seeks hegemony in Asia
+ NATO tells Russia to stop meddling, in first talks since Skripal case


Macron's environmental record under fire as critics tally 'retreats'
Paris (AFP) June 7, 2018
Joining the government of President Emmanuel Macron in May last year, celebrity environmental activist Nicolas Hulot made clear he was unsure whether he would have much of an impact. The star, France's best-known environmentalist as the face of the Ushuaia TV programme, had hesitated about joining the ministerial team, having refused similar offers from previous French leaders. "The urge ... more
+ Recycling plastic -- Japan style
+ Bad air day: Indian city chokes on world's worst pollution
+ Delhi slum drowning in plastic as Environment Day focuses on India
+ Earliest European evidence of lead pollution uncovered in the Balkans
+ Plastic wasteland: Asia's ocean pollution crisis
+ Cleaning up the 'sacred lake': locals tackle Titicaca pollution
+ Kicking the car(bon) habit better for air pollution than technology revolution
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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