Oil News and Gas News
June 15, 2018
OIL AND GAS
Oil prices lifted by Libyan oil production outage



Washington (UPI) Jun 14, 2018
Crude oil prices edged slightly higher early Thursday after reports of the loss of Libyan oil production, though the downturn was balanced by OPEC pledges. The National Oil Corp. of Libya said Thursday it evacuated staff from two of its export terminals because of armed clashes in the port area. It estimated production was down about 240,000 barrels per day, more than a quarter of total Libyan output, and tanker traffic was delayed at sea. The loss of Libyan oil production comes at a tim ... read more

OIL AND GAS
Azerbaijan boasts of oil market navigational success
Washington (UPI) Jun 14, 2018
The state oil company in Azerbaijan has proven its mettle when it comes to navigating through weak market conditions, the head of the company said Thursday. ... more
OIL AND GAS
Pipelay vessel arrives for oil basins offshore Brazil
Washington (UPI) Jun 14, 2018
A marine vessel designed to lay pipelines in the submarine environment arrived in the oil-rich waters off the coast of Brazil, joint venture partners said. ... more
OIL AND GAS
30 percent of the UK's natural gas could be replaced by hydrogen
Swansea UK (SPX) Jun 15, 2018
Almost a third of the natural gas fuelling UK homes and businesses could be replaced by hydrogen, a carbon free fuel, without requiring any changes to the nation's boilers and ovens, a pioneering st ... more
OIL AND GAS
OPEC divisions on whether to increase production run deep
Washington (UPI) Jun 14, 2018
Divisions among key OPEC producers run deep, with competing perspectives emerging in statements Thursday on whether or not to increase oil production. ... more


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OIL AND GAS
Armed clashes costing Libya 240k barrels of oil per day
Washington (UPI) Jun 14, 2018
Libyan oil production is down by about a quarter million barrels per day because of clashes at two export terminals, the national oil company said Thursday. ... more
OIL AND GAS
Determinations expected soon on Egyptian oil
Washington (UPI) Jun 14, 2018
Results from a drilling operation announced Thursday in the Gulf of Suez could dictate the next steps for oil exploitation, regionally-focused SDX Energy said. ... more
OIL AND GAS
US air strike in Libya kills Qaeda operative: military
Washington (AFP) June 14, 2018
The US military has conducted an air strike in Libya targeting an Al-Qaeda affiliate, killing one "terrorist," the US military said Thursday. ... more
OIL AND GAS
Surveys set for Australian offshore gas field
Washington (UPI) Jun 13, 2018
A geophysical survey company said Wednesday it was supporting data collection to help Woodside Petroleum develop its Scarborough field offshore Australia. ... more
OIL AND GAS
Gazprom Neft reports record dividend yield
Washington (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
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OIL AND GAS
High gas prices will shorten, not cancel, U.S. summer road trips
Washington (UPI) Jun 13, 2018
Even though gas prices are eating up close to 10 percent of U.S. incomes, motor club AAA said Wednesday travel plans may be scaled back, but not cancelled. ... more
OIL AND GAS
Data confirms Cuban oil prospects
Washington (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
OIL AND GAS
Yergin: Permian oil production growth beats the whole world
Washington (UPI) Jun 13, 2018
Output from the Permian shale oil basin in the southern United States will account for 60 percent of world total production growth by 2023, analysis finds. ... more
OIL AND GAS
Economic recovery for OPEC-member Angola shaky
Washington (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
OIL AND GAS
Nobody speaks for OPEC alone, Iran's oil minister says
Washington (UPI) Jun 13, 2018
No single country speaks as the unified voice of OPEC as decisions must be made collectively, the Iranian oil minister said, according to state media. ... more


APICORP: Venezuela is the biggest risk for OPEC

OIL AND GAS
Oil prices inch lower, though supply-side fears linger
Washington (UPI) Jun 13, 2018
Crude oil prices moved slightly lower in early Wednesday trading amid expectations of higher U.S. oil inventories, though supply-side issues were apparent. ... more
OILGASDAILY



OIL AND GAS
High gas prices influencing consumer habits
Washington (UPI) Jun 12, 2018
Consumer demand for gasoline might be on the decline as retail gasoline prices in the United States remain stubbornly high, sector analysis finds. ... more
OIL AND GAS
IEA: Nobody wins in a market with oil supply deficits
Washington (UPI) Jun 13, 2018
Oil supply disruptions, from extraordinary events or otherwise, are not in the best interest of consumers or producers, the International Energy Agency said. ... more
OIL AND GAS
Economic data overshadows Trump-Kim meeting for oil
Washington (UPI) Jun 12, 2018
Uncertainty about global oil demand and an increase in U.S. fuel prices overshadowed U.S-North Korean talks to push oil prices slightly lower early Tuesday. ... more
OIL AND GAS
EU applauds Azeri gas tie to Turkey
Washington (UPI) Jun 13, 2018
With Azeri natural gas reaching the Turkish market, the European energy sector is closer to its strategic goals for diversification, a commissioner said. ... more
OIL AND GAS
Equinor sees break-evens slashed for Johan Castberg
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. ... more
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'Tricking' bacteria into hydroxylating benzene
Nagoya, Japan (SPX) Jun 14, 2018
Breaking carbon-hydrogen bonds is notoriously difficult in lab chemistry, yet nature does it effortlessly. Now, scientists have used E.coli bacteria to oxidize the C-H bonds in benzene to generate phenol, with a genetically inserted enzyme (cytochrome P450BM3), that originally evolved to target other molecules, long-chain fatty acids. Getting enzymes to do novel reactions - effectively hij ... more
+ How to suck carbon dioxide from the sky for fuels and more
+ Scientists sustainably 3D print large objects out of cellulose
+ Polymer researchers discover path to sustainable and biodegradable polyesters
+ '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
Optimized mounting enables shorter solar power purchase deals for the mining sector
Munich, Germany (SPX) Jun 11, 2018
The new NUANCE ENERGY-THEnergy Report "Modular, semi-portable mounting systems for solar in the mining sector" focuses on a product innovation that has several advantages for remote off-grid mines. This is mainly due to the fact that the solar systems are built next to the mining off-takers. For mines in production and even more so in mining exploration, the lifetime of the solar system of ... more
+ Freedom Solar steers Austin Subaru dealership into fast lane of sustainability
+ Solenergy designs and constructs largest self-consumption energy system in SEA
+ Confined, insensitive light could improve lasers, solar cells
+ Scientists go deep to quantify perovskite properties
+ Lead-free, efficient perovskite for photovoltaic cells
+ New Chinese solar policies deliver short-term blow
+ How greener grids can stay lit


New wind turbines are even efficient in low winds
Helsinki, Finland (SPX) Jun 15, 2018
VTT Research Centre of Technology (VTT) has explored the potential and economic benefits of new wind power technology. The technology would greatly increase the benefits of wind energy and enable the competitive utilisation of wind power in Finland. Heavy investments are being made in wind power, which highlights the importance of this new and competitive technology. Wind power accounts fo ... more
+ Cryptocurrency blowing in the wind as mine opens in Estonia
+ 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
Bulgarian parliament moves to revive nuclear project
Sofia (AFP) June 7, 2018
Bulgaria's parliament opened the way Thursday to revive a long-delayed project to build a new nuclear power plant by tasking the energy minister to hold talks with potential strategic investors. The decision was backed by 172 MPs from all parties in the 240-seat chamber, with only 14 voting against. It will allow Energy Minister Temenuzhka Petkova to enter into negotiations with possible ... more
+ Seawater yields first grams of yellowcake
+ Framatome and the EPR reactor: a robust history and the passion it takes to succeed
+ Widespread uranium contamination found in India's groundwater
+ Ukrainian villages still suffering legacy of Chernobyl
+ Fire in Chernobyl zone, Kiev says radiation levels safe
+ World first EPR nuclear reactor begins work in China
+ Ukraine puts out forest fire around Chernobyl
Daily Newsletters - Space - Military - Environment - Energy

S.Africa lifts state of disaster over drought
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
+ Can any civilization make it through climate change?
+ Germany admits will fall far short of 2020 climate target
+ Global warming can be limited by changing how we travel, heat homes, use devices
+ UNH researchers shine a light on more accurate way to estimate climate change
+ Rising CO2 poses bigger climate threat than warming, study says
+ 'Water is life': Ivory Coast city struggles with crippling drought
+ European Commission wants more climate funding
New Tesla software to offer 'full' autonomy, Musk says
Washington (AFP) June 11, 2018
An update to Tesla's Autopilot software coming in August will enable "full self-driving features" for the automaker's electric cars, chief executive Elon Musk says. Musk's comments come amid a race by automakers and tech firms to roll out fully autonomous vehicles, but also rising concerns about the safety of robotic systems. The Tesla founder made the disclosure in a Twitter conversatio ... more
+ Flying car startup backed by Google founder offers test flights
+ MIT study helps driverless cars change lanes more like humans do
+ VW says will pay 1 bn euro German fine over emissions cheating
+ Chinese electric carmaker Byton raises $500 mn to take on Tesla
+ Self-driving cars must reduce traffic fatalities by at least 75 percent to stay on the roads
+ Fleet of autonomous boats could service cities to reduce road traffic
+ Germany hits Mercedes with mass diesel recall


Iran pushes Sadr alliance in Iraq to maintain clout
Baghdad (AFP) June 14, 2018
A surprise alliance between the winners of Iraq's election appears to reflect manoeuvering by neighbouring Iran to form a broad Shiite coalition as it scrambles to protect its influence. When nationalist cleric Moqtada Sadr's bloc scooped the most seats at May's poll it was seen as a blow for Tehran, long the dominant foreign player in conflict-hit Iraq. Shiite firebrand Sadr had raile ... more
+ Ex-miss Iraq calls for peace on Israel visit after selfie scandal
+ In Iraq's Mosul, women desperate for news of 'disappeared'
+ Police among four arrested after Iraq ballot fire
+ Iraq's Sadr announces alliance with pro-Iranian Ameri
+ Fire hits Iraq's biggest ballot warehouse before recount
+ Corruption and negligence blamed for death trap sewers in Iraq
+ Sadr strengthens legislative bloc ahead of Iraq poll recount
Pompeo warns N.Korea peace goal still faces 'risks'
Beijing (AFP) June 14, 2018
US Secretary of State Mike Pompeo said Thursday that North Korean leader Kim Jong Un understands that denuclearisation must happen "quickly", but he warned there are still risks that peace will not be achieved and sanctions must be maintained for now. Washington remained committed to the "complete, verifiable and irreversible" denuclearisation of North Korea, Pompeo said, after the historic ... more
+ 'Pyongyang-bound' Trump says world avoided 'nuclear catastrophe'
+ Major US military exercises with S.Korea 'suspended indefinitely'
+ Putin invites Kim to Russia, praises Trump summit
+ More harm than good: Assessing the nuclear arsenal tipping point
+ World can 'sleep well' after N.Korea summit, Trump says
+ Trump downplays abuses by Kim Jong Un's regime
+ Trump says summit ended N. Korea nuclear threat
Daily Newsletters - Space - Military - Environment - Energy

Hong Kong golf course row exposes city's social divide
Hong Kong (AFP) June 11, 2018
Its sprawling greens and woodland have made Hong Kong's historic Fanling golf course a favourite with homegrown and international stars, but it is now under threat after being listed for potential housing development. As the government seeks solutions for the space-starved city's lack of decent homes, the club argues that sacrificing a world-class sports venue is a short-sighted move. Bu ... more
+ Tight squeeze for Hong Kong's young professionals
+ Chinese vase found in attic sells for 16.2 million euros
+ Hong Kong jails top independence leader for six years
+ China enlists public to track fugitives in US, Canada
+ Rewriting history? Hong Kong education turns political battleground
+ Costly date: 64.89 yuan forbidden on Tiananmen June 4 anniversary
+ With Cambodia's free press under fire, 'China model' makes inroads
France, Britain, US put UN hold on Chinese arms deliveries to C. Africa
United Nations, United States (AFP) June 15, 2018
France, Britain and the United States on Thursday put a hold on a request from the Central African Republic for UN Security Council approval of Chinese weapons deliveries for its national forces. CAR's defense minister asked a UN sanctions committee on June 5 to grant an exemption to an arms embargo and allow the shipments of Chinese-made armored vehicles, machine guns, tear gas grenades an ... more
+ Britain begins W.Africa deployment in support of France
+ New EU 'peace fund' could buy weapons for Africa
+ For Ethiopia's Abiy, big reforms carry big risks
+ US commando killed, four wounded in Somalia attack
+ US says strike kills 27 Shabaab militants in Horn of Africa
+ New perspectives on African migration
+ Violence shuts Africa's Virunga gorilla park till 2019


Two killed, one injured in Bulgaria military helicopter crash
Sofia (AFP) June 11, 2018
A Bulgarian military helicopter crashed during a training exercise on Monday evening near the southern city of Plovdiv, killing two of the three men onboard, the defence ministry said. The Soviet-made Mi-17 helicopter burst into flames after coming down from a height of 50 metres at around 8:30 pm (1730 GMT) not far from the Krumovo military airbase and Plovdiv's civilian airport. "Two o ... more
+ Raytheon to build video sensors for F-35
+ Sale of Apache helicopters, equipment to India gains approval
+ Navy modifies Boeing contract for Super Hornet aircraft
+ Evaluating the noise of future aircraft
+ Kongsberg contracted for parts on 150 F-35s
+ Pentagon and Lockheed Martin deliver 300th F-35 aircraft
+ US approves sale of Apache attack choppers to India
Samurai wasps could help orchard growers battle stink bug invasion
Washington DC (UPI) Jun 06, 2018
For homeowners, the brown marmorated stink bug can be a smelly nuisance. For orchard growers, the invasive insects are a very expensive problem. Researchers are hopeful they're close to a natural remedy: the samurai wasp, Trissolcus halyomorphae. Thanks to the work of Hillary Peterson, a Penn State doctoral student, researchers in Pennsylvania are beginning to test the wasp's pot ... more
+ Trump prepares China tariff target list as confrontation escalates
+ Chinese growth shows signs of flagging as leaders tackle problems
+ US launches another trade case against China
+ London hopes for bright tech future despite Brexit
+ Hong Kong tracks Fed rate hike, impact on economy seen limited
+ China's Ant Financial raises $14bn to become biggest fintech firm
+ Malaysia PM urges TPP 'renegotiation'
Daily Newsletters - Space - Military - Environment - Energy

Netanyahu quizzed as submarine graft probe witness
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
+ Summits fuel questions about Trump's embrace of autocrats
+ Norway wants to double US troops and deploy them closer to Russia
+ Moscow slams Norway plans to double US troop presence
+ China, US trade barbs on trade, territorial claim
+ Trump's vow to end US-SKorea drills catches Pentagon off guard
+ Trump's G7 bust-up shows risks for North Korea summit
+ Summits fuel questions about Trump's embrace of autocrats


Delhi reels as summer haze catches Indian capital off guard
New Delhi (AFP) June 14, 2018
Air pollution soared in New Delhi on Thursday to hazardous levels rarely seen outside winter as sand blown from deserts enveloped the Indian capital in a once-in-a-decade phenomenon. Doctors warned the grit carried by hot summer winds posed serious health risks to the city of 20 million and there was little to do "but pray for rain". Smog spikes during winter in Delhi, already one of the ... more
+ EU Parliament to phase out plastic water bottles
+ Recycling plastic -- Japan style
+ Macron's environmental record under fire as critics tally 'retreats'
+ Mediterranean could become a 'sea of plastic': WWF
+ Plastic wasteland: Asia's ocean pollution crisis
+ Cleaning up the 'sacred lake': locals tackle Titicaca pollution
+ Bad air day: Indian city chokes on world's worst pollution
Landslides kill 12 as monsoon batters Rohingya refugees
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
+ Science of squeezed oranges may help detection of failing bridges
+ Merkel open to EU migration reform, Spain takes in stranded migrant ship
+ Puerto Rico morgue overflowing with unclaimed bodies
+ First public forecasts from ViEWS, a political violence early-warning system
+ $3bn pledged for girls education at G7, delighting Malala
+ Peace needs at least 15 years: Colombian president
+ Sentinel-1 warns of refugee island flood risk
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