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TransCanada boasts of gains in earnings per share![]() Washington (UPI) Aug 1, 2018 After unloading wind energy assets, Canadian energy company TransCanada said second quarter growth was supported by U.S. tax reforms and legacy assets. TransCanada reported net income for the second quarter of $602 million, compared with $676 million during the same period last year. Earnings per share, president and CEO Russ Girling said, was net positive, however. "Comparable earnings of 86 cents per share increased 13 percent compared to the same period last year reflecting the strong ... read more |
Rig company Nabors pegs success to U.S. shaleWashington (UPI) Aug 1, 2018 The largest land driller in the world, Nabors Industries reported a loss for the second quarter on the back of a decline in rig counts in North America. ... more
Russia cites trade wars as a negative factor for oil pricesWashington (UPI) Aug 1, 2018 A report from the Russian Ministry of Energy attributed a recent slump in the price of crude oil to growing concerns about the impact of global trade disputes. ... more
AAA: Consumer demand could drive gas prices higherWashington (UPI) Aug 1, 2018 Motor club AAA warned that consumer gasoline prices in the United States could be on the rise given signs in government data of robust demand. ... more
Iran conducts naval exercise in Gulf: US officialWashington (AFP) Aug 2, 2018 Iran launched a naval exercise in the Gulf on Thursday, just days before the US reimposes sanctions on Tehran, a defense official told AFP. ... more |
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| Previous Issues | Aug 02 | Aug 01 | Jul 31 | Jul 30 | Jul 29 |
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Whiting Petroleum proves Bakken mettleWashington (UPI) Aug 1, 2018 With the majority of its production coming from the Bakken shale, Whiting Petroleum said output for the second quarter was at the upper end of guidance. ... more
Engineers use Tiki torches in study of soot, diesel filtersNotre Dame IN (SPX) Jul 30, 2018 Chemical engineers testing methods to improve efficiency of diesel engines while maintaining performance are getting help from a summer staple: Tiki torches. A team of engineers at the Univers ... more
Drilling contract for offshore Canada starts in the fourth quarterWashington (UPI) Aug 1, 2018 A contract for a drilling rig designated for the waters off the eastern coast of Canada is scheduled to begin in the fourth quarter, Transocean said Wednesday. ... more
Oil prices drop on reports of U.S. inventory buildWashington (UPI) Aug 1, 2018 Crude oil prices turned sharply lower ahead of the start of trading Wednesday in New York after a surprise build in crude oil inventories in the United States. ... more
Seoul deploys warship to Libya after S. Korean, Filipinos kidnappedSeoul (AFP) Aug 2, 2018 Seoul said Thursday it had deployed a warship to Libya in an apparent show of force to secure the release of a South Korean national kidnapped along with three Filipinos in the North African country. ... more |
![]() Eni gets nod for major oil development offshore Mexico
Enterprise Product Partners lauds new pipeline growthWashington (UPI) Aug 1, 2018 Gross operating margins for crude oil products declined, though U.S. pipeline company Enterprise Products Partners said new projects were under construction. ... more |
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Low supply, high demand pushing up gas pricesWashington (UPI) Jul 31, 2018 Basic supply and demand dynamics, coupled with short-term market disruptions, mean U.S. retail gas prices are climbing once again, retail analysts said. ... more
Iran again vows action in the Strait of HormuzWashington (UPI) Jul 31, 2018 Economic sanctions imposed on Iran will impact maritime traffic in the Strait of Hormuz, a main oil artery, an Iranian naval commander said Tuesday. ... more
Rig company Transocean upbeat about the futureWashington (UPI) Jul 31, 2018 After trading closed Monday, rig company Transocean posted second quarter revenues that beat analyst expectations, noting it was optimistic about the future. ... more
BP's Dudley sees short-term support for the price of oilWashington (UPI) Jul 31, 2018 BP CEO Bob Dudley said Tuesday there were factors ranging from Iranian sanctions to a shortage of U.S. pipelines that supported higher crude oil prices. ... more
Aker BP acquires Norwegian assets from TotalWashington (UPI) Jul 31, 2018 Aker BP spent more than $200 million to acquire Norwegian assets from a division of Total, which it said would open access to millions of barrels of oil. ... more |
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Soil bugs munch on plastics Zurich, Switzerland (SPX) Aug 02, 2018
Our world is drowning in a flood of plastic. Eight million tons of plastic end up in the oceans every year. Agricultural soils are also threatened by plastic pollution. Farmers around the world apply enormous amounts of polyethylene (PE) mulch films onto soils to combat weeds, increase soil temperature and keep the soil moist, thereby increasing overall crop yields.
After harvest, it often ... more |
Europe may thrive on renewable energy despite unpredictable weather Washington DC (SPX) Aug 01, 2018
Researchers in Ireland, Switzerland, and the United Kingdom have shown how long-term weather patterns affect wind and solar renewable energy technologies across Europe. Using 30 years of meteorological data, the scientists have examined and further modelled the impact of renewable energy on the electricity sector out to the year 2030.
The work suggests that despite the unpredictable nature ... more |
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Searching for wind for the future Thuwal, Saudi Arabia (SPX) Jul 19, 2018
Using outputs from a high-resolution regional climate model, KAUST researchers have confirmed the potential for wind as a significant energy resource across the Arabian Peninsula. This is an important first step in developing a strategy for Saudi Arabia's wind energy sector.
As part of an ongoing collaboration with the University of Notre Dame in the United States, Marc Genton's research g ... more |
Extreme makeover: Fukushima nuclear plant tries image overhaul Fukushima Daiichi Nuclear Power Plant, Japan (AFP) Aug 3, 2018
Call it an extreme makeover: In Japan's Fukushima, officials are attempting what might seem impossible, an image overhaul at the site of the worst nuclear meltdown in decades.
At the Fukushima Daiichi nuclear plant, there's a flashy new administrative building, debris has been moved and covered, and officials tout the "light" radioactive security measures now possible.
"You see people mo ... more |
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An increase in Southern Ocean upwelling may explain the Holocene CO2 rise Mainz, Germany (SPX) Aug 03, 2018
Human populations and civilization expanded rapidly over the last 10 000 years, known as the Holocene epoch. The Holocene was an "interglacial period," one of the rare intervals of warm climate that have occurred over the ice age cycles of the last million years. One important characteristic of the Holocene was that its climate was unusually stable, without a major cooling trend that typifies th ... more |
Trump administration seeks rollback of Obama-era fuel efficiency rules New York (AFP) Aug 2, 2018
US President Donald Trump's administration announced a proposal on Thursday to roll back Obama-era fuel efficiency standards, likely sparking a legal fight with California and other states that favor more aggressive environmental policies.
The tough standards favored by former President Barack Obama "are no longer appropriate and reasonable" beyond 2020, according to the proposal released by ... more |
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Art of cinema comes alive in basement of Iraq aficionado Kirkuk, Iraq (AFP) Aug 3, 2018
From black-and-white musicals to action movies, Abdel Qader al-Ayoubi screens films and exhibits paraphernalia of the art form in his basement in the Iraqi city of Kirkuk, a cinema-free zone.
Ayoubi has scoured the country to collect 8 mm, 16 mm and 35-mm reels of old films, projectors, screens and archive materials from second-hand dealers, sometimes at exorbitant prices.
Back in the 19 ... more |
North Korea's Frozen Missiles Sydney, Australia (SPX) Aug 02, 2018
Media reports of ongoing weapons production in North Korea have circulated extensively in recent weeks. Despite peace overtures, North Korea continues to manufacture fissile material that seems destined for nuclear warheads, and also seems to be stepping up production of its missiles in a new building at a missile manufacturing site.
The immediate conclusions are obvious. North Korea is bo ... more |
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UK foreign secretary met human rights figures on China visit Beijing (AFP) July 31, 2018
Britain's new foreign minister Jeremy Hunt met Chinese human rights figures while in Beijing on his first major international trip, the wife of a detained lawyer said Tuesday.
Visiting leaders often shun meetings with activists or their relatives during trips to China - a decision which critics say is motivated by fear that scolding Beijing could harm trade prospects.
Li Wenzu wrote on ... more |
What we know about Russia's 'Wagner Group' Moscow (AFP) Aug 1, 2018 The Russian "Wagner Group" has once again been forced into the spotlight after the deaths in central Africa of three Russian journalists who were apparently investigating the activities of the private army there.
Wagner has been active in conflicts in Syria and Ukraine, and has sent mercenaries to the Central African Republic and Sudan, according to Western and independent Russian media repo ... more |
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Boeing receives $186.2 million order for F/A-18 spare parts Washington (UPI) Aug 1, 2018
Boeing has received a $186.2 million order against a five-year contract with one five-year option for F/A-18 aircraft spare parts.
Work on the contract, announced Wednesday by the Department of Defense, will be performed in Missouri and is expected be completed by June 28, 2024. The order will be provided for by fiscal 2018 through 2024 Navy working capital funds.
The F/A-18 seri ... more |
China calls on US to be 'cool-headed' in trade war Beijing (AFP) Aug 2, 2018
China's top envoy called on the United States to remain "cool-headed" Thursday as Washington threatened to raise the tariff rate on the next $200 billion of Chinese imports.
Slapping additional tariffs on Chinese imports - 60 percent of which are made by foreign firms, including American companies - will only raise costs for domestic US consumers, said Chinese Foreign Minister Wang Yi. ... more |
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Georgia hosts major joint drills with NATO forces Vaziani, Georgia (AFP) Aug 1, 2018
Georgia on Wednesday launched large-scale joint military exercises with NATO forces on the tenth anniversary of its war with Russia, which strongly opposes Tbilisi's NATO membership bid.
Georgia's Defence Minister Levan Izoria said the two-week drills are "yet another proof of the growing support which Georgia has from its strategic partners, NATO's member states."
More than 3,000 troo ... more |
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Australia supermarket bagged after plastic backflip Sydney (AFP) Aug 2, 2018
A leading Australian supermarket was Thursday forced into a backflip after facing a barrage of criticism for reneging on plans to phase out free plastic bags.
The nation's two major grocery chains, Coles and Woolworths, banned lightweight single-use plastic bags from their stores nationally last month in response to mounting community calls for change.
Instead, they began offering more e ... more |
That's cold: Japan tech blasts snoozing workers with AC Tokyo (AFP) July 26, 2018
Japanese office workers hoping to nod off on the job may need to sleep with one eye open thanks to a new system that can detect snoozers and blast them with cold air.
Air conditioning manufacturer Daikin and electronics giant NEC said Thursday they have begun trialling the system, which monitors the movement of the employee's eyelids with a camera attached to a computer.
The computer can ... more |
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