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  Washington (UPI) Jul 10, 2018 Proceeds from the placing of senior secured notes will be used to help finance the construction of a deepwater rig delayed in 2015, Transocean said Tuesday. The rig company said it plans to offer $600 million in secured notes due 2025, secured by a lien on the Deepwater Pontus rig and other assets related to it. "The net proceeds from the notes will be used to partially finance the construction or acquisition of the Deepwater Pontus," the company's statement read. Transocean annou ... read more |
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No problem for oil yet in the Strait of HormuzWashington (UPI) Jul 10, 2018 Iranian threats to block the flow of oil through the Strait of Hormuz, a global chokepoint, haven't been manifested yet, an international affairs expert said. ... more 
Ahead of earnings, Weatherford sells off Middle East rigsWashington (UPI) Jul 12, 2018 Ahead of its second quarter earnings report, drilling services company Weatherford said it sold off Middle East assets for $287.5 million. ... more 
Trump's attacks on Nord Stream 2 are 'unfair competition': KremlinMoscow (AFP) July 12, 2018 Moscow on Thursday said US President Donald Trump's attacks on the Nord Stream II pipeline that is set to bring gas from Russia to Germany amounted to "unfair competition". ... more
Trump slams 'captive' Germany at NATO summitBrussels (AFP) July 11, 2018 US President Donald Trump launched a blistering attack on Germany at the start of a tense NATO summit Wednesday, accusing Berlin of being "captive" to Russia and demanding it and other allies immediately step up defence spending. ... more |
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| Previous Issues | Jul 11 | Jul 10 | Jul 09 | Jul 07 | Jul 06 |
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Germany 'controlled' by Russia on gas, Trump saysWashington (UPI) Jul 11, 2018 Germany is within the Russian sphere of influence because of its support for a Gazprom pipeline and dependency on Russian gas, the U.S. president said. ... more 
Higher oil prices means higher gas pricesWashington (UPI) Jul 10, 2018 Consumer demand strains and the lack of extra oil on the global market mean retail gas prices in the United States continue to climb, analysts said. ... more 
OPEC sees few long-term pressures from trade warWashington (UPI) Jul 11, 2018 Global trade tensions won't have a significant impact on the economy, though overall demand for oil cools off next year, OPEC economists said Wednesday. ... more 
Oil prices slump on trade concerns and supply expectationsWashington (UPI) Jul 11, 2018 Escalating economic growth concerns over trade and the return of Libya to the oil market on Wednesday sent oil prices lower before markets opened. ... more 
Norwegian oil production declines on technical problemsWashington (UPI) Jul 11, 2018 The Norwegian government said Wednesday that technical problems at offshore fields means oil production was about 4 percent below expectations. ... more |
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 British government opens new acreage to drillers 
Iraqi oil export value surged in the first half of the yearWashington (UPI) Jul 10, 2018 The surge in oil prices over the last year resulted in a net gain of $13 billion for oil exported from Iraq in the first half of the year, the government said. ... more  |
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Saudi Arabia to offset loss of Iranian oil, U.S. saysWashington (UPI) Jul 11, 2018 Isolating Iran from the oil market should have minimum market disruptions because of close cooperation with Saudi Arabia, a U.S. official said. ... more 
Suncor offers timeline for Syncrude restartWashington (UPI) Jul 9, 2018 Canadian energy company Suncor said its Syncrude oil sands facility, crippled by a June power outage, will be back at full capacity by September. ... more 
Oil prices rise Monday on supply deficit concernsWashington (UPI) Jul 9, 2018 Crude oil prices moved into positive territory Monday ahead of the start of trading in New York amid growing concerns about a supply-side deficit. ... more 
New discovery highlights Egypt's potential as emerging oil producerWashington (UPI) Jul 9, 2018 A new oil discovery in the Western Desert of Egypt could unlock a new area for production gains in the country, Italian energy company Eni said Monday. ... more 
Oil and gas industry work to protect night skiesAustin TX (SPX) Jul 10, 2018 The University of Texas at Austin's McDonald Observatory has collaborated with the Permian Basin Petroleum Association (PBPA) and the Texas Oil and Gas Association (TXOGA) to reduce light shining in ... more |
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 Tsukuba, Japan (SPX) Jul 11, 2018 
Hydrogen produced from water by the hydrogen evolution reaction is an attractive clean fuel source. Production of hydrogen on a large scale at low cost is necessary to realize its viability as an alternative energy source to fossil fuels. To achieve this goal, durable, inexpensive catalysts are required. Most present catalysts based on non-precious metals suffer from instability in the acidic so ... more |
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 Berlin, Germany (SPX) Jul 11, 2018 
Teams from the California Institute of Technology, the University of Cambridge, Technische Universitaet Ilmenau, and the Fraunhofer Institute for Solar Energy Systems ISE participated in the development work. One part of the experiments took place at the Institute for Solar Fuels in the Helmholtz-Zentrum Berlin.
Photovoltaics are a mainstay of renewable-energy supply systems, and sunlight ... more |
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 Washington (UPI) Jul 5, 2018 
German energy company E.ON said Thursday the start of turbine installation at the Arkona wind farm in the Baltic Sea sets the clock ticking for a 2019 launch.
The company said it started installing the first of the 60 turbines planned for the 385 megawatt facility in the German waters of the Baltic Sea. Once completed, Arkona will have enough power to meet the annual power demand of aro ... more |
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 Raleigh NC (SPX) Jul 11, 2018 
A new microscopy technique allows researchers to track microstructural changes in real time, even when a material is exposed to extreme heat and stress. Recently, researchers show that a stainless steel alloy called alloy 709 has potential for elevated temperature applications such as nuclear reactor structures.
"Alloy 709 is exceptionally strong and resistant to damage when exposed to hig ... more |
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 Washington (UPI) Jul 11, 2018 
A record number of Americans believe there is solid evidence that proves climate change exists and it is at least partly human-caused, a new survey Wednesday shows.
The 7-page report by the National Surveys on Energy and the Environment says 60 percent of Americans "now think that global warming is happening and that humans are at least partially responsible for the rising temperatures. ... more |
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 Shanghai (AFP) July 10, 2018 
Tesla unveiled plans on Tuesday to build a factory in Shanghai to dramatically increase its production capacity, with boss Elon Musk making his electric-car company's biggest overseas move yet just as a US-China trade battle heats up.
Musk said the plant, which has been in the works for a year, would eventually have an annual production capacity of 500,000 cars, and he hoped it would be "com ... more |
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 Ottawa (AFP) July 11, 2018 
Canada announced Wednesday it will assume command of a new NATO training and capacity building mission in Iraq, sending up to 250 troops, armored vehicles and four tactical helicopters to the country later this year.
The Canadian troops will be deployed in the Baghdad region starting in the fall of 2018 to help "Iraq build a more effective national security structure and improve training for ... more |
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 Washington (AFP) July 9, 2018 
When President Donald Trump announced the US would halt joint military drills with South Korea, he backed his controversial move by citing the "tremendous" costs of such exercises.
On Monday, the Pentagon put a dollar amount - about $14 million - on the costs of Freedom Guardian, a large-scale joint drill that was to kick off in August but which was shelved after Trump met with North Korea ... more |
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 Beijing (AFP) July 11, 2018 
A prominent Chinese political campaigner was sentenced to 13 years in jail on Wednesday, a court in central China said.
Qin Yongmin was found "guilty of subversion of state power," the Wuhan City Intermediate People's Court said on its official website.
According to court records, it appears to be the heftiest sentence handed down in China for "subversion" in the past 15 years.
The ... more |
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 Harare (AFP) July 10, 2018 
Zimbabwean President Emmerson Mnangagwa Tuesday launched a space agency, hailing it as a "milestone" as he campaigns ahead of elections at the end of the month.
The Zimbabwe National Geospatial and Space Agency will deploy earth observation satellites, global navigation satellite systems, unmanned aerial vehicles, geospatial and space technologies for better farming, mineral exploration, wil ... more |
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 Washington (UPI) Jul 10, 2018 
Lockheed Martin has been awarded a contract for overhaul of the B-2 stealth bomber's defense management system.
The deal, announced Monday by the Department of Defense, comes under a $28.6 million firm-fixed price delivery order for work on the aircraft's defense system.
The defense management system is designed to allow pilots of the aircraft to recognize and avoid threats. The ... more |
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 Brussels (AFP) July 9, 2018 
Tokyo will now host an EU-Japan summit on July 17 to sign a free trade accord after the Japanese premier cancelled the talks in Brussels because of deadly floods at home, the European Commission said Monday.
Japanese Prime Minister Shinzo Abe called off the trip this week to Belgium and three other countries as the death toll from flooding and landslides caused by record rains hit 100.
T ... more |
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 Brussels (AFP) July 11, 2018 
US President Donald Trump shocked allies at a fraught NATO summit on Wednesday by suddenly demanding that members double their defence spending commitments.
Trump's surprise demand came after he clashed with Chancellor Angela Merkel, calling Germany a "captive" of Russia because of its gas links and singling out Berlin for failing to pay its way.
The summit in Brussels is shaping up as t ... more |
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 Singapore (AFP) July 10, 2018 
Lighting up will soon get tougher in Singapore, with the government planning to roll out 300 high definition thermal cameras to catch and fine illegal smokers.
The city-state already has some of the world's strictest anti-tobacco laws and smoking is banned in most public places, with errant puffers handed a fine of up to Sg$1,000 ($740) if caught. E-cigarettes are also banned outright.
A ... more |
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 Chiang Rai, Thailand (AFP) July 11, 2018 
The 12 boys rescued from a Thai cave were sedated and passed on stretchers along the twisting, narrow passageways of the Tham Luang complex, a rescuer said Wednesday as the first footage emerged of an astonishing mission that has captivated the world.
The video of the rescue, which ended on Tuesday when the final four boys and their 25-year-old coach emerged from the cave, was released by au ... more |
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