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  Washington (UPI) Jun 15, 2018 Offshore field services company Subsea 7 said Friday it won a contract from Shell to help advance a redesigned concept for the Vito field in the Gulf of Mexico. Royal Dutch Shell estimates Vito has recoverable resources of 300 million barrels of oil equivalent. Peak production of 100,000 boe per day is expected. In 2015, the Dutch supermajor started a design overhaul that reduced field development costs by about 70 percent through work with vendors like Subsea 7. Subsea 7 said the contra ... read more |
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Russian Central Bank leaves rates in placeWashington (UPI) Jun 15, 2018 The economic risk from the volatility in crude oil prices is only moderate, the Central Bank of Russia said Friday after leaving its key lending rate unchanged. ... more 
Trade tensions push the price of oil lowerWashington (UPI) Jun 15, 2018 Global trade tensions and signs of more oil supply coming in the second half of the year helped push crude oil prices lower in early Friday trading. ... more 
Libya strongman's jets strike rivals - targeting oil terminalsBenghazi, Libya (AFP) June 15, 2018 Libyan strongman Khalifa Haftar's forces on Friday launched air strikes against a rival militia targeting key oil facilities in the east of the country, a spokesman for his group said. ... more 
Equinor seals the deal offshore BrazilWashington (UPI) Jun 15, 2018 Equity production from offshore Brazil more than doubles after the completion of an acquisition in the Campos oil basin, Norwegian company Equinor said. ... more |
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| Previous Issues | Jun 16 | Jun 15 | Jun 14 | Jun 13 | Jun 12 |
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30 percent of the UK's natural gas could be replaced by hydrogenSwansea 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 
OPEC divisions on whether to increase production run deepWashington (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 
Armed clashes costing Libya 240k barrels of oil per dayWashington (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 
Determinations expected soon on Egyptian oilWashington (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
US air strike in Libya kills Qaeda operative: militaryWashington (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 |
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 Surveys set for Australian offshore gas field 
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  |
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High gas prices will shorten, not cancel, U.S. summer road tripsWashington (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 
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 
Yergin: Permian oil production growth beats the whole worldWashington (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 
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
Nobody speaks for OPEC alone, Iran's oil minister saysWashington (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 |
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 Brisbane, Australia (SPX) Jun 18, 2018 
QUT PhD researcher Ashrafur Rahman tested each of the waste oils for performance and emissions as a 10 per cent oil/90per cent diesel blend in a 6-cylinder, 5.9l diesel engine.
"As only therapeutic grade oil can be used, there is a substantial volume of low-value waste oil that currently is stored, awaiting a use," Mr Rahman said.
"Our tests found essential oil blends produced almost ... more |
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 Batangas, Philippine (SPX) Jun 12, 2018 
Japan Tobacco International (JTI) formally unveiled its new manufacturing plant in Batangas, Philippines this 2018. Atop its roof, a solar power system designed and installed by Solenergy Systems Inc. is running at 4.77MW peak energy generation. This self-consumption rooftop solar PV system is the largest in South-East Asia, and one of the largest in the world.
The system is composed of 17 ... more |
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 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 |
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 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 |
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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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 Berlin (AFP) June 13, 2018 
Auto giant Volkswagen said Wednesday it would pay a one billion euro ($1.2 billion) fine imposed by German prosecutors for diesel emissions cheating.
"The Braunschweig public prosecutor issues an administrative order against Volkswagen AG in the context of the diesel crisis and imposes a fine of EUR1 billion on Volkswagen AG", the company said in a statement.
The German car giant said i ... more |
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 Kirkuk, Iraq (AFP) June 18, 2018 
Three truck drivers were killed by the Islamic State group in a nighttime attack on a key Iraqi highway linking Baghdad to oil-rich Kirkuk, an official told AFP on Monday.
The victims were "killed in an ambush by the jihadists" overnight Sunday to Monday, the security source said on condition of anonymity.
Meanwhile, the same night six shepherds in the neighbouring province of Saladin w ... more |
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 Washington (AFP) June 15, 2018 
US President Donald Trump said Friday that he and North Korean leader Kim Jong Un have "great chemistry" and claimed the stand-off with the nuclear-armed Asian nation is "largely solved."
Trump, speaking to reporters outside the White House, said he had given his "very direct" telephone number to Kim, adding: "He can now call me if he has any difficulty."
"That's a very important thing," ... more |
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 Kuala Lumpur (AFP) June 17, 2018 
Malaysia was once a loyal partner in China's globe-spanning infrastructure drive but a new government is now pledging to review Beijing-backed projects, threatening key links in the much-vaunted initiative.
Kuala Lumpur's previous regime, led by scandal-mired Najib Razak, had warm ties with China and signed a string of deals for Beijing-funded projects, including a major rail link and a deep ... more |
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 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 |
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 London (AFP) June 14, 2018 
British police confirmed Thursday they had arrested a man under the Official Secrets Act amid reports of a feared Chinese plot against F-35B stealth fighter jets.
Bryn Jones, 73, a former Rolls-Royce chief combustion technologist, was arrested after the security services received intelligence that classified information may have been passed to Beijing, The Sun newspaper reported.
British ... more |
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 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 |
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 Oslo (AFP) June 14, 2018  Moscow on Thursday criticised Norway's plans to ask Washington to double the number of US troops stationed in the Scandinavian country and deploy them nearer the border with Russia.
The plans "cause us serious concern," Russia's embassy in Norway wrote on its Facebook page.
Before joining NATO in 1949, Norway allayed Russian fears by pledging not to open its territory to foreign combat t ... more |
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 Leeds UK (SPX) Jun 18, 2018 
Water samples from UK rivers contained significantly higher concentrations of microplastics downstream from wastewater treatment plants, according to one of the first studies to determine potential sources of microplastics pollution.
Scientists from the University of Leeds measured microplastics concentrations up and downstream of six wastewater treatment plants and found that all of the p ... more |
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 Daytona Beach FL (SPX) Jun 18, 2018 
As Hurricane season begins this month, a team of Embry-Riddle Aeronautical University professors and graduate students have been charged with studying Hurricane Irma's mass evacuation and provide recommendations for a smoother exodus in the future.
With a state of emergency declared and mandatory evacuations issued throughout the state as Hurricane Irma approached Florida last September, m ... more |
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