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  Washington (UPI) Jun 12, 2018 Norwegian energy company Equinor said Tuesday its Johan Castberg field could be profitable so long as the price of oil is about $35 per barrel. The Norwegian Parliament approved the company's plans for development of the Barents Sea field on Monday and it awaits formal approval from the Norwegian Ministry of Petroleum and Energy. Oil was first discovered at Johan Castberg in 2011. Its future was in doubt when the price of crude oil collapsed and Equinor was envisioning a break-even cost ... read more |
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Gazprom Neft reports record dividend yieldWashington (UPI) Jun 12, 2018 Coming off a record-setting year in terms of income, Russian oil company Gazprom Neft's chairman said shareholders are now reaping the rewards. ... more 
Data confirms Cuban oil prospectsWashington (UPI) Jun 12, 2018 New data taken from an oil reservoir on the northern coast of Cuba confirm the assessment of a highly prospective site, Australia's Melbana Energy announced. ... more 
Economic recovery for OPEC-member Angola shakyWashington (UPI) Jun 12, 2018 Economic recovery for Angola, an OPEC member coping with declining production, is progressing but it's still uncertain over the long term, the International Monetary Fund found. ... more 
APICORP: Venezuela is the biggest risk for OPECWashington (UPI) Jun 12, 2018 The biggest risks to the OPEC-led effort to stabilize the oil market are outside the Middle East and North African region, an Arab investment bank found. ... more |
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| Previous Issues | Jun 12 | Jun 11 | Jun 10 | Jun 08 | Jun 07 |
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Higher-for-longer oil prices could hurt the global economyWashington (UPI) Jun 11, 2018 The relatively high price for crude oil is having only a relatively minor impact on demand, though global economic growth could slow, a Platts analyst said. ... more 
Ireland leads call for economic break from oilWashington (UPI) Jun 11, 2018 A European economy that's self-sufficient in energy and low-carbon could be shielded against the shock of higher crude oil prices, an Irish minister said. ... more 
Iran envisions currency arrangements with ChinaWashington (UPI) Jun 11, 2018 Facing U.S. pressures on its banking channels, Iran's economic minister said agreements were made with China to use their national currencies for trade. ... more 
U.S. sees LNG as a security option for SeoulWashington (UPI) Jun 11, 2018 Through its emerging role in the global energy space, U.S. liquefied natural gas supports security for South Korea, a State Department spokesman said. ... more 
More oil found in Norwegian waters of the North SeaWashington DC (UPI) Jun 08, 2018 A Norwegian government regulator said Friday it confirmed an oil discovery was made in untested waters in the central part of the North Sea. ... more |
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 Iranian oil production not impacted by sanctions yet 
Brazilian oil good for deep-pocketed companiesWashington DC (UPI) Jun 08, 2018 An auction for rights to tap into the oil basins off the coast of Brazil highlights the country's prospects for those with deep enough pockets, analysis found. ... more  |
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Oil prices slip on G7 trade concernsWashington DC (UPI) Jun 08, 2018 Concerns about broad-based trade issues overshadowed potential supply-side deficits to push the price for crude oil lower early in the Friday session. ... more 
Pope urges oil majors to combat global warming and aid poorVatican City (AFP) June 9, 2018 Pope Francis asked Saturday that major oil and gas companies respect the 2015 Paris climate agreement to help protect the poor from global warming. ... more 
Gazprom gets more permits for Nord Stream 2Washington DC (UPI) Jun 08, 2018 Russian energy company Gazprom said it received the necessary permit to advance construction of the Nord Stream gas pipeline through Swedish waters. ... more 
Banned weapons stoke deadly violence in NigeriaKano, Nigeria (AFP) June 9, 2018 A flood of illegal small arms has swamped Nigeria, bringing with it a surge of violence that has left hundreds dead. ... more 
Canadian producer Suncor offers climate assurancesWashington DC (UPI) Jun 08, 2018 Canadian oil production from a facility in Alberta has the same greenhouse gas intensity as U.S. oil, the head of producer Suncor said. ... more |
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 Washington DC (SPX) Jun 11, 2018 
Someday, the gasoline you buy might trace its heritage to carbon dioxide pulled straight out of the sky rather than from oil pumped out of the ground. By removing emitted carbon dioxide from the atmosphere and turning it into fresh fuels, engineers at a Canadian firm have demonstrated a scalable and cost-effective way to make deep cuts in the carbon footprint of transportation with minimal disru ... more |
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 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 |
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 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 |
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 Exeter UK (SPX) Jun 11, 2018 
Milk in parts of Ukraine has radioactivity levels up to five times over the country's official safe limit, new research shows.
Scientists from the Greenpeace Research Laboratories at the University of Exeter and the Ukrainian Institute of Agricultural Radiology sampled cow's milk from private farms and homes in the Rivne region, about 200km from the site of the Chernobyl Nuclear Power Plan ... more |
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 Johannesburg (AFP) June 13, 2018 
The South African government said Wednesday that the national state of disaster it declared in March over a drought that ravaged parts of the country had lapsed after significant rainfall.
The three-year drought hit Cape Town particularly hard, threatening to leave residents of the country's second largest city without drinking water.
The government said it had conducted assessments whic ... more |
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 Boston MA (SPX) Jun 12, 2018 
In the field of self-driving cars, algorithms for controlling lane changes are an important topic of study. But most existing lane-change algorithms have one of two drawbacks: Either they rely on detailed statistical models of the driving environment, which are difficult to assemble and too complex to analyze on the fly; or they're so simple that they can lead to impractically conservative decis ... more |
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 Mosul, Iraq (AFP) June 13, 2018  Every Friday since Mosul was prised from the Islamic State group's clutches last July, women gather in the Iraqi city's Al-Minassa Square, desperate to learn the fate of husbands and sons.
Dressed in black, with children in tow and brandishing photos, some fear their men have fallen victim to a cruel double jeopardy.
They had been imprisoned by or forced to work for IS, only for Iraqi fo ... more |
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 Tehran (AFP) June 11, 2018 
Iran said Monday that it remains dubious about the prospects for talks between the United States and North Korea, and warned Pyongyang to be highly vigilant about Washington's promises.
"As regards US behaviour, approach and its intentions, we are highly sceptical and look at its actions with utter pessimism," foreign ministry spokesman Bahram Ghasemi told reporters in Tehran.
"For the ... more |
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 Hong Kong (AFP) June 13, 2018 
As housing prices spiral in Hong Kong, young professionals are living in ever-shrinking spaces, with box-like "nano-flats" and co-shares touted as fashionable solutions.
Blocks of sleek miniature apartments packed with mod cons are springing up around the densely packed city, pitched as an attractive and more affordable lifestyle choice, but still at an eye-watering cost.
Finance worker ... more |
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 Addis Ababa (AFP) June 13, 2018 
Ethiopia's new prime minister Abiy Ahmed has announced a flurry of reforms to reshape the nation but implementing them will be harder, analysts say.
Last week alone, Abiy shook up the security services, ended a nationwide state of emergency and announced plans to liberalise the economy and resolve a two-decade-old conflict with Eritrea.
Yet those moves represent dramatic shifts in the po ... more |
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 Washington (AFP) June 12, 2018 
The United States government has approved a deal to sell the Indian military six AH-64E Apache attack helicopters for $930 million, the State Department said Tuesday.
The agreement has been passed to the US Congress for approval, but if no US lawmaker raises an objection the contract is expected to go ahead.
Boeing and Indian partner Tata have begun to produce Apache fuselages at a plant ... more |
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 Washington (AFP) June 12, 2018 
US President Donald Trump's Commerce Department on Tuesday announced another trade action involving Chinese imports, with producers of steel propane tanks accused of dumping and unfair subsidies.
It is the latest in a series of disputes the Trump administration has taken up against Beijing, the largest of which are the looming 25 percent tariffs on $50 billion in Chinese goods amid complaint ... more |
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 Jerusalem (AFP) June 12, 2018  Israeli Prime Minister Benjamin Netanyahu was on Tuesday questioned as a police witness in a probe of alleged corruption over the state purchase of three German submarines, his office said.
Netanyahu is the subject of several corruption investigations, but he is not under suspicion in the submarine affair, known as Case 3000.
"The prime minister gave his testimony in Case 3000. He has gi ... more |
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 Strasbourg, France (AFP) June 12, 2018  The European Parliament has told its lawmakers and staff to set an example for EU citizens by no longer drinking water from plastic bottles by next year.
The European Parliament bureau headed by Antonio Tajani and 14 vice presidents adopted a measure late Monday to phase out the plastic bottles and build a network of drinking fountains.
"Happy to announce that the EP bureau has decided t ... more |
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 Dhaka (AFP) June 12, 2018  Landslides triggered by monsoon rains killed at least 12 people Tuesday in Bangladesh near camps housing one million Rohingya refugees, officials said.
Aid agencies have been warning of the potential for a humanitarian catastrophe over the coming months as heavy rains lash an area home to the world's largest refugee camp.
Most of Tuesday's victims were buried under mud when surrounding h ... more |
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