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  Washington (UPI) Aug 7, 2018 First oil from the second phase of the Buzzard field in the British waters of the North Sea is expected in three years, a partnership announced. Nexen leads a partnership of British energy companies and services companies like Subsea 7 and Baker Hughes at the second phase of the Buzzard field. Nexen said its partners have backed a field development plan that was approved by the British Oil & Gas Authority. First oil is expected in the first quarter of 2021. Chrysaor, one of the pa ... read more |
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U.S. sanctions on Iran drive oil prices higherWashington (UPI) Aug 7, 2018 Sanctions on Iran and additional support from signs of declining oil inventories in the United States pushed the price of oil higher early Tuesday. ... more 
Iraq to reluctantly comply with US sanctions on Iran: PMBaghdad (AFP) Aug 7, 2018 Iraqi Prime Minister Haider al-Abadi said Tuesday he would reluctantly comply with renewed US sanctions on neighbouring Iran, but recalled his country's 12 years under international embargo. ... more 
Iran expects non-U.S. support for nuclear dealWashington (UPI) Aug 7, 2018 A position taken by parties to the Iranian nuclear deal shows there's interest in keeping oil exports flowing and banking channels open, Iran's president said. ... more 
Cuban oil estimate revised higherWashington (UPI) Aug 7, 2018 Melbana Energy, one of the few Western companies with an established footprint in Cuba, said its best estimate of reserves there improved more than 10 percent. ... more |
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| Previous Issues | Aug 07 | Aug 06 | Aug 03 | Aug 02 | Aug 01 |
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Safety issues uncovered at North Sea fieldWashington (UPI) Aug 6, 2018 Norwegian energy major Equinor has until September to address safety issues on a facility at the Martin Linge field in the North Sea, an auditor stated Monday. ... more 
Lower market availability pushes oil prices into positive territoryWashington (UPI) Aug 6, 2018 Geopolitical and supply-side strains overshadowed trade concerns before the start of trading in the United States to push the price of oil sharply higher. ... more 
Strikes halt North Sea oil productionWashington (UPI) Aug 6, 2018 British trade union Unite on Monday waged a work stoppage on three oil platforms operated by French supermajor Total, part of semi-regular labor action. ... more 
Venezuela's Maduro, still standing after 'assassination' attemptCaracas (AFP) Aug 5, 2018 A year ago, few could see crisis-beset Venezuelan President Nicolas Maduro being re-elected for a second term. But still, he clings to power, and, denouncing an "assassination" attempt Saturday, insisted he is "more determined than ever". ... more 
CORRECTED: Venezuela 'attack' brings denials from US, Colombia; support from alliesParis (AFP) Aug 6, 2018 Venezuelan President Nicolas Maduro has pointed the finger at Colombia following the alleged assassination attempt on him during a military parade in Caracas at the weekend. ... more |
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 Iran facing tough new sanctions reality 
LNG player Sempra takes second quarter lossWashington (UPI) Aug 6, 2018 U.S. natural gas company Sempra Energy, an emerging player in the LNG sector, reported a second quarter loss on charges tied to a major divestment strategy. ... more  |
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Platts: Supply-side issues addressed at OPECWashington (UPI) Aug 3, 2018 Two-year highs for oil production from Saudi Arabia and other OPEC producers more than offset declines from Iran, Libya and Venezuela, Platts reported Friday. ... more
Oil prices mixed after inventory-fueled spikeWashington (UPI) Aug 3, 2018 A mixed U.S. jobs report and data showing total OPEC production was offsetting supply-side strains and left the price of oil searching for direction early Friday. ... more 
Turkey to reopen Mosul consulate, 4 years after IS seizure: ErdoganAnkara (AFP) Aug 3, 2018 Turkey is again to open a consulate in the northern Iraqi city of Mosul, four years after it was seized and its employees held hostage by Islamic State jihadists, President Recep Tayyip Erdogan said Friday. ... more
Maduro says he escaped drone 'assassination' attempt, blames ColombiaCaracas (AFP) Aug 5, 2018 Venezuelan President Nicolas Maduro said Saturday he escaped an "assassination" attempt using an explosive-laden drone, after a live broadcast showed him looking confused when a bang went off during a Caracas military parade and dozens of soldiers scuttling for safety. ... more 
US regulators close investigation into Exxon Mobil climate disclosuresNew York (AFP) Aug 3, 2018 US regulators have ended a two-year investigation into how Exxon Mobil accounted for oil and gas prices and the risks climate change posed to its business, the company said Friday. ... more |
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 Munich, Germany (SPX) Jul 30, 2018 
Professor Arne Skerra of the Technical University of Munich (TUM) has succeeded for the first time in using gaseous CO2 as a basic material for the production of a chemical mass product in a biotechnical reaction.
The product is methionine, which is used as an essential amino acid, particularly in animal feed, on a large scale. This newly developed enzymatic process could replace its curre ... more |
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 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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 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 |
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 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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 Paris (AFP) Aug 6, 2018 
Even if humanity slashes greenhouse gas emissions in line with Paris climate treaty goals, the planet could overwhelm such efforts and irretrievably tip into a hellish 'hothouse' state, top scientists warned Monday.
Under such a scenario, Earth's average temperature would stabilise 4 or 5 degrees Celsius above pre-industrial levels, rather than the 1.5 C to 2 C (2.7 or 3.6 Fahrenheit) cap ca ... more |
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 San Francisco (AFP) Aug 2, 2018  Tesla shares revved on Wednesday on news the electric car maker is on the road to being profitable this year despite losing more money than analysts expected in the recently ended quarter.
Tesla shares raced up more than 9 percent to $328.99 in after-market trades that followed release of earnings figures and a call in which chief executive Elon Musk patiently fielded questions and expressed ... more |
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 Baghdad (AFP) Aug 6, 2018 
The United Nations on Monday hailed Iraq's "credible" vote recount, which paves the way for a government to be formed nearly three months after polls.
Iraq's May 12 parliamentary elections were marred by allegations of fraud, prompting the country's supreme court to order a partial manual recount.
As an official announced the checks had concluded, the UN said it had observed the recount ... more |
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 Washington (UPI) Aug 6, 2018 
Lockheed Martin Space Systems has received a $22.3 million for fiscal 2019 Trident II missile production.
Work on the contract, announced Friday by the Department of Defense, will be performed in Sunnyvale, Calif., with an expected completion date of September 2023. Navy fiscal 2018 weapons procurement funds in the amount of $22.3 million have been obligated at the time of award.
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 Beijing (AFP) Aug 6, 2018  Hundreds of police patrolled the streets of Beijing's financial district Monday as Chinese authorities thwarted a planned protest against money lost in risky peer-to-peer (P2P) lending platforms and a lack of government help.
Protesters told AFP they had come from every corner of China in hopes that by gathering en masse the government would recognise their grievances and take action.
Po ... more |
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 Gao, Mali (AFP) Aug 7, 2018 
The first round of voting in Mali's presidential election gave outgoing President Ibrahim Boubacar Keita a conclusive lead over his rival - but unresolved anger and finger-pointing over the results have highlighted some of the country's divisions.
Eighteen of the 24 candidates in the election joined forces Monday to demand the resignation of the minister of territorial administration and de ... more |
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 Washington (UPI) Aug 6, 2018 
Lockheed Martin Aeronautics has received a $185.6 modification to an existing contract for C-130J Super Hercules sustainment.
The work, announced Wednesday by the Department of Defense, comes under a cost-plus-incentive-fee modification issued by the Air Force Life Cycle Management Center at Robins Air Force Base in Georgia.
Work will be performed in Marietta, Ga., and is expecte ... more |
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 New York (AFP) Aug 5, 2018 
Silicon Valley giants have become a gargantuan force on Wall Street, as demonstrated by Apple recently topping $1 trillion in stock-market valuation.
But should we fear that a new tech bubble is ready to burst?
Here are some questions and answers about the sector:
- What does the tech sector represent on Wall Street? -
Apple ended the formal trading week worth a history-making ... more |
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 Paris (AFP) Aug 5, 2018 
Ten years ago, in August 2008, Russia and Georgia went to war over South Ossetia, a small separatist Georgian region which Moscow would later controversially recognise as independent, in the face of international criticism.
Here is a recap of the five-day war in South Ossetia, a territory of 50,000 people which remains one of several sticking points in Russia's ties with the West.
- Buil ... more |
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 Santiago (AFP) Aug 3, 2018 
Chile made history on Friday when it became the first country in South America to ban the commercial use of plastic bags.
"I want to share with you the joy that as of today we're enacting the law," said President Sebastian Pinera at a public ceremony in the centre of Santiago, after which he handed out cloth bags to passers-by.
Large businesses have six months to phase out the use of pla ... more |
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 Koriyama, Japan (AFP) Aug 1, 2018 
The pumpkin is diced, the chicken carved and the eggs beaten into an omelette, but the people preparing the food are not chefs - they are scientists testing produce from Japan's Fukushima region.
Seven years after the March 2011 nuclear disaster caused by a devastating tsunami, rigorous testing shows no radioactive threat from Fukushima's produce, officials and experts say.
But local pr ... more |
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