Oil News and Gas News
June 22, 2018
OIL AND GAS
Signs of OPEC consensus on output pushing oil prices lower



Washington (UPI) Jun 21, 2018
Crude oil prices moved deep into negative territory in early Thursday trading amid expectations of a consensus agreement from OPEC on future production. The International Energy Agency has said the oil market is close to even in terms of the balance between supply and demand. Oversupply during the middle of the decade helped push crude oil prices below $30 per barrel, handicapping the economies of oil-rich countries and dragging on investments in the energy sector. That balance, however, ... read more

OIL AND GAS
US leaks 60 percent more methane than government says: study
Tampa (AFP) June 21, 2018
The US oil and gas industry leaks 60 percent more methane than official government estimates, a report said Thursday, warning of this potent greenhouse gas's effect on the environment. ... more
OIL AND GAS
Oil depots in Libya recaptured
Washington (UPI) Jun 21, 2018
As the U.S. government weighs in on conflict in the OPEC member, military forces in Libya regained control over key oil installations, reports read Thursday. ... more
OIL AND GAS
Norway's oil and gas production could be declining
Washington (UPI) Jun 21, 2018
Beyond 2025, oil and gas production from offshore Norway will need to come from undiscovered resources if the trend line is to remain steady, a report said. ... more
OIL AND GAS
Iran: Less politics will help stabilize oil markets
Washington (UPI) Jun 21, 2018
The political element of the oil market needs to be diminished in favor of market fundamentals, the Iranian oil minister said at OPEC's conference in Vienna. ... more


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OIL AND GAS
Shell continues divestment streak with Thai gas sale
Washington (UPI) Jun 21, 2018
Royal Dutch Shell said Thursday it made further advancements on its divestment effort by selling off its stake in a natural gas field in Thailand. ... more
OIL AND GAS
Colorado sees bottlenecks crimping oil production
Washington (UPI) Jun 21, 2018
Pipeline limitations near the U.S. inland storage hub in Cushing, Okla., create headwinds for growth in Colorado oil production, a state report found. ... more
OIL AND GAS
Brazil opens door to oil production advances
Washington (UPI) Jun 21, 2018
New policies enacted by Brazilian energy regulators facilitate construction of the production infrastructure needed to crack into offshore oil, a report found. ... more
OIL AND GAS
U.S. economy less exposed to oil price shocks
Washington (UPI) Jun 21, 2018
The price of oil is vulnerable to spikes from geopolitical events, though the U.S. economy seems only modestly at risk, an economist at the Dallas Fed said. ... more
OIL AND GAS
South Sudan foes set to meet after two years
Addis Ababa (AFP) June 20, 2018
The two figures at the centre of the civil war that has ravaged South Sudan are scheduled to meet on Wednesday for the first time in nearly two years. ... more
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OIL AND GAS
Moon suggests Russian gas be piped to Koreas, Japan
Seoul (AFP) June 20, 2018
New pipelines could be laid to bring Russian gas through North Korea to the South and even on to Japan following the diplomatic thaw with Pyongyang, Seoul's leader suggested Wednesday. ... more
OIL AND GAS
Wood Mac: Expect moderate action from OPEC
Washington (UPI) Jun 21, 2018
Expect some sort of Goldilocks scenario from OPEC on future supplies, though talks under way in Vienna are increasingly contentious, a consultant group said. ... more
OIL AND GAS
Trump erases Obama-era offshore rules
Washington (UPI) Jun 21, 2018
Executive action from the U.S. president eases offshore energy planning burdens, an industry group said, though critics said it was a war on oceans. ... more
OIL AND GAS
Oil prices volatile amid OPEC guessing
Washington (UPI) Jun 20, 2018
Questions over what happens next with OPEC, and threats of violence in member-state Nigeria, left crude oil prices swinging wildly in early Wednesday trading. ... more
OIL AND GAS
Shell dumps interest in two Norwegian fields
Washington (UPI) Jun 21, 2018
Supermajor Royal Dutch Shell said Wednesday it sold off its entire stake in two fields in production off the Norwegian coast for $556 million. ... more


Noble Group shares soar after deal with key investor

OIL AND GAS
Venezuela sends 'coup plotters' to jail
Caracas (AFP) June 20, 2018
Five members of Venezuela's armed forces and three civilians were imprisoned Wednesday, convicted of taking part in a 2015 coup plot against President Nicolas Maduro, a prisoners' rights group said. ... more
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OIL AND GAS
French energy company ENGIE disposes of Asia-Pacific coal
Washington (UPI) Jun 21, 2018
French energy company ENGIE said Wednesday it no longer has any coal-fired power assets in the Asia-Pacific after unloading shares in a Thai power producer. ... more
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. ... 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
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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
KYOCERA to participate in Japan's virtual power plant project to improve energy management
Tokyo, Japan (SPX) Jun 20, 2018
Kyocera has registered with the Sustainable open Innovation Initiative (SII) as a resource aggregator*1 for a new program to help control energy resources among Japanese consumers. This latest test project runs until February 2019, plans to expand the coverage area to Tohoku and Hokkaido and is designed to test the flexible response to changing energy supply and demand. Part of a larger pr ... more
+ New material for splitting water
+ ABB to install multipurpose microgrid in Australia
+ Solar FlexRack completes shipments to 71 MW solar project in North Carolina
+ 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


India embarks on offshore wind energy effort
Washington (UPI) Jun 19, 2018
The completion of studies for the offshore wind energy potential in India expands the sector in a greening economy, the government said Tuesday. Norwegian energy advisory group DNV GL announced Tuesday it completed a study, co-funded by the European Union and an offshore wind energy group in India, examining the offshore wind energy potential for two coastal states. "It is the be ... more
+ New wind turbines are even efficient in low winds
+ 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
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

Ocean's heat cycle shows that atmospheric carbon may be headed elsewhere
Princeton NJ (SPX) Jun 20, 2018
As humans continue to pump the atmosphere with carbon, it's crucial for scientists to understand how and where the planet absorbs and naturally emits carbon. A recent study in the journal Nature Geosciences examined the global carbon cycle and suggests that existing studies may have misgauged how carbon is distributed around the world, particularly between the northern and southern hemisph ... more
+ Drought haunts farmers in Poland, Baltic states
+ Scientists to study urban heat island effect using water tunnel
+ Drought-hit Iraq suspends farming of key crops
+ European leaders take climate agenda on a road trip
+ 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
Could this material enable autonomous vehicles to come to market sooner?
Los Angeles CA (SPX) Jun 20, 2018
One of the leading challenges for autonomous vehicles is to ensure that they can detect and sense objects - even through dense fog. Compared to the current visible light-based cameras, infrared cameras can offer much better visibility through the fog, smoke or tiny particles that can scatter the visible light. Within the air, infrared light - within a specific range called mid-wave infrare ... more
+ Electric scooter-sharing moves into the fast lane
+ Daimler cuts profit forecast, blaming US-China tariffs
+ Audi boss arrested in diesel probe
+ 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


Iraqis fill the Mosul airwaves after IS radio silence
Mosul, Iraq (AFP) June 22, 2018
During the Islamic State group's rule in Mosul, radio stations were banned and replaced with broadcasts of jihadist propaganda. Today, young Iraqis are filling the city's airwaves. One budding presenter is Nour Tai, who at 16 years old faces the microphone with a confident tone and a professional style. She hosts a weekly programme on One FM, a Mosul station launched in February that bro ... more
+ Baghdad mall apologises for barring war orphans
+ Biggest Iraqi tribe calls for arms to defend against IS
+ 7 shepherds killed as IS 'danger' grips Iraqi desert
+ Three truck drivers killed by IS in Iraq
+ Uproar over alleged barring of Iraq orphans from shopping centre
+ Toy guns banished as Iraqis celebrate peaceful Eid in Mosul
+ In Iraq, Angelina Jolie calls for focus on conflict prevention
Japan halts missile drills after Trump-Kim summit: reports
Tokyo (AFP) June 21, 2018
Japan has halted evacuation drills simulating a North Korean missile attack in the wake of historic talks between Washington and Pyongyang, local media reported Thursday. Government officials did not immediately confirm the reports, but authorities in one town told AFP they were suspending a drill planned for next week on orders from Tokyo. The decision comes after US President Donald Tr ... more
+ North Korean airline plans new route to China's Xian
+ N. Korea 'already starting' denuclearization: Trump
+ Iran's Khamenei says 'no need' to join global agreements
+ Iraq police in armed clash with pro-Iran militia in Baghdad
+ Will China hit Hollywood and N.Korea diplomacy in US trade war?
+ North Korea's Kim briefs China's Xi on Trump summit
+ New U.S. Army headquarters to open next week in South Korea
Daily Newsletters - Space - Military - Environment - Energy

China pledges $100 million in military aid to Cambodia
Phnom Penh (AFP) June 19, 2018
China has pledged around $100 million to help modernise Cambodia's military, the government said Tuesday, the latest largesse showered on the country amid a crackdown on dissent before national elections. The pledge came from visiting Defence Minister Wei Fenghe, who arrived on Saturday for talks with his Cambodian counterpart and Prime Minister Hun Sen, said defence ministry spokesman Gener ... more
+ Chinese parents-to-be seek more fertile ground abroad
+ Nepal PM to seek investment on first official China trip
+ Malaysia power shift hits China infrastructure drive
+ 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
Environment the loser in Gabon capital's rush for growth
Libreville (AFP) June 22, 2018
"It's an environmental disaster," said Magloir-Desire Mounganga as he strode across the soggy, spongy soil where mangroves have been ripped up for development near the Gabonese capital Libreville, threatening its fragile ecosystem. "Here the mangrove trees have been completely razed, you can even see the marks left by the bulldozer," said Mounganga, an expert from Gabon's National Agency fo ... more
+ Gambian police kill two anti-pollution protestors
+ 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


V-22 Ospreys to receive ballistic protection panels
Washington (UPI) Jun 19, 2018
The Department of Defense announced it has awarded a contract to MACRO Industries for hardware in support of the V-22 aircraft. The contract award, from Naval Air Warfare Center Aircraft Division and announced on Monday, is valued at more than $20.4 million under the terms of a fixed-price indefinite-delivery, indefinite-quantity contract. The deal enables MACRO Industries to provide 20 ... more
+ Turkey gets first F-35 delivery from US
+ Air Force resumes B-1 bomber flight operations after safety concerns
+ Replacements, improvements on the way for Air Force Huey bases
+ French fighter jets go quiet for school exams
+ 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
US lawmakers hammer commerce secretary Ross over trade
Washington (AFP) June 20, 2018
Indignant US lawmakers on Wednesday grilled Commerce Secretary Wilbur Ross on President Donald Trump's multi-front trade offensive, saying it risked spiraling out of control and damaging the American economy. Pleading for an assortment of interests - from nail manufacturers in Missouri to cherry growers in Washington state - senators told Ross US trade policies are alienating allies and je ... more
+ China's Xiaomi announces pioneering listing plan
+ China's Xi denounces 'protectionism, isolationism and populism'
+ White House: China has 'much more to lose' in trade dispute
+ Malaysia murder case linked to Najib 'may be re-opened'
+ European firms say China business 'more difficult'
+ Trump's many trade wars: a summary
+ French crystal maker Baccarat joins Chinese magnate's collection
Daily Newsletters - Space - Military - Environment - Energy

US 'committed to NATO': senior Army commander
Rotterdam, Netherlands (AFP) June 21, 2018
The United States will continue to show its commitment to NATO, a senior US Army commander said Thursday as a fresh batch of military helicopters arrived in Europe's largest port to bolster ongoing operations. Rotterdam harbour on Wednesday saw the offloading of some 60 US Army Black Hawk and Chinook troop transport helicopters, belonging to the 4th Combat Aviation Brigade based out of Fort ... more
+ Despite rows, EU-US defence ties still strong: NATO chief
+ 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
+ Mattis blasts Putin for trying to 'shatter' NATO
+ China, US trade barbs on trade, territorial claim


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
Pentagon to prepare 20,000 beds for migrant children
Washington (AFP) June 21, 2018
The Pentagon will prepare to house up to 20,000 unaccompanied migrant children on military bases, a US military spokesman said Thursday. The decision follows a request from the US Department of Health and Human Services "to determine its capabilities to provide up to 20,000 temporary beds for unaccompanied alien children at DoD (Department of Defense) installations," Pentagon spokesman Jamie ... more
+ US military to help prosecute migrant cases
+ Four US states refuse to deploy National Guard to border amid outcry
+ Economic optimization risks tipping of Earth system elements
+ 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
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