Oil News and Gas News
June 20, 2018
OIL AND GAS
Iran may have to wait for OPEC considerations



Washington (UPI) Jun 19, 2018
Considerations at OPEC for the loss of Iranian barrels to unilateral U.S. sanctions might have to wait until the fourth quarter, an Oxford analysis read. The Oxford Institute for Energy Studies published its case study on the Friday meeting for members of the Organization of Petroleum Exporting Countries. OPEC is halfway through the second year of an effort to drain the surplus in crude oil inventories held by the world's leading industrialized economies through coordinated production cu ... read more

OIL AND GAS
Trade jitters send the price of oil lower
Washington (UPI) Jun 19, 2018
Mounting trade pressures between the United States and China eroded confidence in the commodities markets, dragging the price of oil lower on Tuesday. ... more
OIL AND GAS
Venezuelan oil output charting new lows
Washington (UPI) Jun 19, 2018
Ahead of what could be pivotal talks among OPEC members, production from founding member Venezuela could hit new lows soon, an industry report found. ... more
OIL AND GAS
Maintenance drags Norwegian oil production lower
Washington (UPI) Jun 19, 2018
Maintenance work at 10 different oil fields on the Norwegian continental shelf meant output was more than 10 percent lower than expected, the government said. ... more
OIL AND GAS
Alaska's governor to issue plea to avert trade war
Washington (UPI) Jun 19, 2018
With energy resources on the line, Alaska Gov. Bill Walker said he was heading to Washington next week to discuss trade tensions with U.S. and Chinese officials. ... more


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OIL AND GAS
Gas prices move lower ahead of OPEC meeting
Washington (UPI) Jun 19, 2018
U.S. consumer fuel prices are moving lower alongside declines in the price for oil, but will likely stay high by relative terms for the summer, analysts said. ... more
OIL AND GAS
South Sudan's warring leaders to meet for talks in Ethiopia
Addis Ababa (AFP) June 19, 2018
Nearly two years after fleeing South Sudan's capital amid deadly fighting, rebel leader Riek Machar will meet face-to-face on Wednesday with the country's president, Salva Kiir. ... more
OIL AND GAS
China puts U.S. energy in the cross hairs of trade war
(UPI) Jun 18, 2018
The U.S. energy market was dealt a significant blow by Chinese tariffs because it has few other outlets as big as China for oil exports, analysts said Monday. ... more
OIL AND GAS
OPEC questions, Libyan tensions push oil prices higher
Washington (UPI) Jun 18, 2018
Middle East tensions, heightened by militant activity in OPEC-member Libya, and guesses over what's next for the producer group sent oil prices higher Monday. ... more
OIL AND GAS
Barents Sea opened to drillers
(UPI) Jun 18, 2018
Opening up more areas in the Barents Sea for drillers is expected to deliver in terms of future production, the Norwegian government said Monday. ... more
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OIL AND GAS
Nord Stream is a commercial pipeline, Russia says
Washington (UPI) Jun 18, 2018
Expanding the capacity of the Nord Stream natural gas pipeline through the Baltic Sea is a purely commercial ambition, a Kremlin spokesman said Monday. ... more
OIL AND GAS
Libyan oil depots suffer catastrophic blow
Washington (UPI) Jun 18, 2018
Damage from militant attacks on a crude oil terminal on the Libyan coast was described by a national oil company Monday as catastrophic. ... more
OIL AND GAS
Young Iraqis use innovation to make a living in oil-rich south
Basra, Iraq (AFP) June 18, 2018
From a roving cafe to scrap metal sculptures, young Iraqis unable to tap into the country's oil wealth are having to find creative ways to make a living. ... more
OIL AND GAS
More gas production expected from Egypt
Washington (UPI) Jun 18, 2018
New natural gas production should come from Egypt by the end of the year, SDX Energy said after announcing a new gas discovery on Monday. ... more
OIL AND GAS
Shell solicits Gulf of Mexico help from Subsea 7
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. ... more


Russian Central Bank leaves rates in place

OIL AND GAS
Trade tensions push the price of oil lower
Washington (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
OILGASDAILY



OIL AND GAS
Libya strongman's jets strike rivals - targeting oil terminals
Benghazi, 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
OIL AND GAS
Equinor seals the deal offshore Brazil
Washington (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
OIL AND GAS
Gazprom mulls gas pipeline through North Korea
Washington (UPI) Jun 15, 2018
Russia could be collaborating with Seoul on the construction of a natural gas pipeline through North Korean territory, a Gazprom official said Friday. ... more
OIL AND GAS
Uncertainty surrounds ANWR oil prospects
Washington (UPI) Jun 15, 2018
Oil production from an Alaskan wildlife refuge won't take place for another decade at least and domestic needs by then are uncertain, a federal report found. ... 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
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Orange, tea tree and eucalyptus oils sweeten diesel fumes
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
+ Critical plant gene takes unexpected detour that could boost biofuel yields
+ 'Tricking' bacteria into hydroxylating benzene
+ 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
Solar FlexRack completes shipments to 71 MW solar project in North Carolina
Youngstown OH (SPX) Jun 19, 2018
Steve Daniel, Executive Vice President of Solar FlexRack said, "We are extremely pleased to have been selected to supply this project. Cypress Creek Renewables has been instrumental in supporting the growth of the solar industry in North Carolina, generating jobs for communities, and providing passive income opportunities for landowners. "As long-term solar project owners and operators, th ... more
+ Wartsila leading along the path towards a 100% renewable energy future
+ German utility makes solar debut in Texas
+ Solar cells combining silicon with perovskite push achieve record efficiency over 25 percent
+ EU sets higher target for renewable energy by 2030
+ SoftBank plans $60-100 bn investment in solar in India: report
+ Optimized mounting enables shorter solar power purchase deals for the mining sector
+ Freedom Solar steers Austin Subaru dealership into fast lane of sustainability


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
Creating a new composite fuel for new-generation fast reactors
Nizhny Novgorod, Russia (SPX) Jun 20, 2018
Joint research efforts of a team of scientists at Lobachevsky University of Nizhny Novgorod (UNN) comprising chemists, physicists and engineers are currently focused on solving the problems of handling plutonium and minor actinides (MA) accumulated over many years. To this end, they are studying composite ceramics-ceramics (Cer-Cer) and ceramics-metal (CerMet) materials on the basis of min ... more
+ Nuclear power shutdowns won't spike power prices
+ 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
+ Bulgarian parliament moves to revive nuclear project
+ Ukrainian villages still suffering legacy of Chernobyl
+ Fire in Chernobyl zone, Kiev says radiation levels safe
Daily Newsletters - Space - Military - Environment - Energy

Drought-hit Iraq suspends farming of key crops
Baghdad (AFP) June 18, 2018
An unusually bad drought has forced Iraq to suspend the cultivation of rice, corn and other cereals that demand large amounts of water, the agriculture ministry said Monday. "The agricultural plan for the summer" was modified "because the quantities of water needed for these cereals are not available", spokesman Hamid al-Nayef said. "The ministry does not take this decision light hearted ... more
+ Ocean's heat cycle shows that atmospheric carbon may be headed elsewhere
+ European leaders take climate agenda on a road trip
+ Scientists to study urban heat island effect using water tunnel
+ S.Africa lifts state of disaster over drought
+ 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
Audi boss arrested in diesel probe
Frankfurt Am Main (AFP) June 18, 2018
Audi chief executive Rupert Stadler was arrested Monday in connection with parent company Volkswagen's "dieselgate" emissions cheating scandal, with prosecutors saying they feared he might try to suppress evidence. The dramatic development comes a week after Munich prosecutors raided Stadler's home after charging him with fraud and falsifying documents that allowed diesel vehicles equipped w ... more
+ Fleet of autonomous boats could service cities to reduce road traffic
+ MIT study helps driverless cars change lanes more like humans do
+ Germany hits Mercedes with mass diesel recall
+ Self-driving cars must reduce traffic fatalities by at least 75 percent to stay on the roads
+ VW says will pay 1 bn euro German fine over emissions cheating
+ New Tesla software to offer 'full' autonomy, Musk says
+ Chinese electric carmaker Byton raises $500 mn to take on Tesla


Three truck drivers killed by IS in Iraq
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
+ In Iraq, Angelina Jolie calls for focus on conflict prevention
+ Uproar over alleged barring of Iraq orphans from shopping centre
+ 7 shepherds killed as IS 'danger' grips Iraqi desert
+ Toy guns banished as Iraqis celebrate peaceful Eid in Mosul
+ Iran pushes Sadr alliance in Iraq to maintain clout
+ Ex-miss Iraq calls for peace on Israel visit after selfie scandal
+ In Iraq's Mosul, women desperate for news of 'disappeared'
'Worrying' new focus on nuclear deterrence: report
Stockholm (AFP) June 18, 2018
The world's nuclear powers are reducing their arsenals but they are also modernising, putting a fresh and "worrying" focus on strategic deterrence, a Stockholm-based think tank said Monday. "The renewed focus on the strategic importance of nuclear deterrence and capacity is a very worrying trend," the Stockholm International Peace Research Institute (SIPRI) said. "The world needs a clear ... more
+ North Korea's Kim meets China's Xi following Trump summit
+ North Korea: Pompeo says he will likely visit Kim soon
+ Iran's Rouhani in Europe in July to seek backing for nuclear deal
+ North Korea's Kim briefs China's Xi on Trump summit
+ US must remain vigilant to nukes: Mattis
+ Pyongyang may soon return US soldier remains
+ US, S. Korea confirm suspending military drills
Daily Newsletters - Space - Military - Environment - Energy

Malaysia power shift hits China infrastructure drive
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
+ China pledges $100 million in military aid to Cambodia
+ Chinese parents-to-be seek more fertile ground abroad
+ Nepal PM to seek investment on first official China trip
+ Ex-head of China insurance regulator pleads guilty to bribes
+ China's transgenders 'step forward' from the shadows
+ Sweden jails Chinese man for spying on Tibetan refugees
+ Hong Kong golf course row exposes city's social divide
Gambian police kill two anti-pollution protestors
Banjul, Gambia (AFP) June 18, 2018
Gambian police Monday killed two young men during a village protest against sand excavation they claim is damaging their rice fields, official sources said. The office of the police inspector general said a clash between villagers and police led to the "regrettable death" of two men and left several others injured. "The office of the Inspector General of Police wishes to make it clear th ... more
+ Boko Haram kills nine soldiers in Nigeria
+ Gambia president vows justice after police kill two protesters
+ France, Britain, US put UN hold on Chinese arms deliveries to C. Africa
+ Uganda commissions new Chinese highway to ease congestion
+ For Ethiopia's Abiy, big reforms carry big risks
+ New EU 'peace fund' could buy weapons for Africa
+ Britain begins W.Africa deployment in support of France


French fighter jets go quiet for school exams
Bordeaux (AFP) June 19, 2018
French students may be suffering one of the most stressful weeks of their young lives as they take their high school exams, but at least they won't be distracted by fighter jets. France's cutting-edge Rafale military planes will be flying on adjusted schedules this week in a bid to minimise disruption for the students, the commander of a military base told AFP on Tuesday. Commander Cedri ... more
+ Pentagon awards Lockheed contract for F-35 spares, support
+ UK jet expert held over 'Chinese plot for military secrets'
+ Boeing awarded $1.5B for Hornet, Growler upgrades
+ Manager of China aircraft carrier builder under graft probe
+ Boeing, others assessing impact of US-China tariffs
+ Evaluating the noise of future aircraft
+ Raytheon to build video sensors for F-35
Trump escalates China trade war with extra tariffs
Washington (AFP) June 19, 2018
US President Donald Trump escalated a growing trade war with China by unveiling plans Monday to impose 10 percent tariffs on an additional $200 billion worth of Chinese goods. With the world's two largest economies already engaged in a confrontation long feared by markets and industry, Trump said he was pushing forward with fresh punitive measures over Beijing's "unacceptable" move to raise ... more
+ China accuses Trump of 'blackmail' after new tariffs threat
+ Trump ignites trade war with China, triggering swift retaliation
+ Trump keeps his promises on trade
+ US, China firms brace for escalating trade war
+ China hits back as US trade tensions threaten economy
+ Trump prepares China tariff target list as confrontation escalates
+ US launches another trade case against China
Daily Newsletters - Space - Military - Environment - Energy

Mattis blasts Putin for trying to 'shatter' NATO
Washington (AFP) June 15, 2018
US Defense Secretary Jim Mattis assailed Russian President Vladimir Putin on Friday, accusing him of attacking western democracy and trying to break up NATO. Mattis's remarks came just hours after President Donald Trump repeated his assertion that Russia should be invited back into the G7 group of industrialized nations, from which it was kicked out for annexing Crimea in 2014, an event he b ... more
+ NATO will show unity despite differences: Stoltenberg
+ Germany, France and eurozone reform ideas
+ Erdogan takes 'crazy projects' to new level with Canal Istanbul dream
+ Moscow slams Norway plans to double US troop presence
+ China, US trade barbs on trade, territorial claim
+ Netanyahu quizzed as submarine graft probe witness
+ Summits fuel questions about Trump's embrace of autocrats


Wastewater treatment plants are key route into UK rivers for microplastics
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
+ Japan passes anti-plastic law but with no sanctions for polluters
+ Delhi reels as summer haze catches Indian capital off guard
+ 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
Economic optimization risks tipping of Earth system elements
Potsdam, Germany (SPX) Jun 19, 2018
Optimizing economic welfare without constraints might put human well-being at risk, a new climate study argues. While being successful in bringing down costs of greenhouse gas reductions for instance, the concept of profit maximization alone does not suffice to avoid the tipping of critical elements in the Earth system which could lead to dramatic changes of our lifelihood. The scientists ... more
+ Four US states refuse to deploy National Guard to border amid outcry
+ Embry-Riddle researchers seek to improve hurricane evacuations and fuel supply
+ Macron backs Merkel in German row over migrants
+ Landslides kill 12 as monsoon batters Rohingya refugees
+ 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
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