Oil News and Gas News
August 09, 2018
OIL AND GAS
Iran proposes extraordinary OPEC meeting



Washington (UPI) Aug 08, 2018
Iran's oil minister on Wednesday sent a letter to the OPEC secretary-general to raise concern about member states violating the terms of a production agreement. Without referencing a specific country, Oil Minister Bijan Zangeneh said he was frustrated that some parties to a multilateral agreement to keep supplies in check with expected demand through production controls were skirting their obligations. The latest survey from S&P Global Platts found five members of the Organization of Pet ... read more

OIL AND GAS
Iraq caught in crossfire of US sanctions on Iran
Baghdad (AFP) Aug 8, 2018
Caught in the crossfire between its key allies Tehran and Washington, Iraq's economy could suffer the heaviest collateral damage from the US reimposing sanctions against Iran. ... more
OIL AND GAS
Niger looks to capitalize on oil wealth
Washington (UPI) Aug 08, 2018
The government of Niger said Wednesday it's eager to capitalize on the potential launch of new crude oil production as soon as possible. ... more
OIL AND GAS
Trade tensions catch up to oil prices
Washington (UPI) Aug 08, 2018
New trade measures imposed by the U.S. government and a build in U.S. gasoline supplies helped pull the price of oil lower before markets opened Wednesday. ... more
OIL AND GAS
No luck for Shell in pioneer effort offshore Norway
Washington (UPI) Aug 08, 2018
A division of Shell came up empty-handed when drilling into a frontier prospect in the Norwegian Sea, a national petroleum regulator announced Wednesday. ... more


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OIL AND GAS
E.ON supported by integration with Innogy
Washington (UPI) Aug 08, 2018
With results from the first half of the year in, German energy company E.ON is supported by the divvying up of renewable energy entity Innogy, analysis finds. ... more
OIL AND GAS
Shale company Continental Resources raises production expectations
Washington (UPI) Aug 08, 2018
U.S. shale company Continental Resources said in its second quarter report it was raising its production and spending expectations for the year. ... more
OIL AND GAS
New oil from British North Sea expected by 2021
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. ... more
OIL AND GAS
U.S. sanctions on Iran drive oil prices higher
Washington (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
OIL AND GAS
Iraq to reluctantly comply with US sanctions on Iran: PM
Baghdad (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
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OIL AND GAS
Iran expects non-U.S. support for nuclear deal
Washington (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
OIL AND GAS
Cuban oil estimate revised higher
Washington (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
OIL AND GAS
There's a lack of clarity on direction for U.S. gas prices
Washington (UPI) Aug 7, 2018
With competing factors tugging on the price of oil, and subsequently retail gas prices, analysts were mixed on direction for U.S. consumers. ... more
OIL AND GAS
Iran, US trade barbs ahead of renewed sanctions on Tehran
Tehran (AFP) Aug 7, 2018
The first salvo of sweeping US sanctions against Iran will be reimposed later Tuesday as the two countries traded fresh accusations and Tehran dismissed Donald Trump's offer of talks on a new nuclear deal. ... more
OIL AND GAS
Sanchez Energy seeking outside advice
Washington (UPI) Aug 7, 2018
While its production increased from last year, U.S. shale player Sanchez Energy said Tuesday it was looking for outside advice to improve its performance. ... more


Fears of deja vu as South Sudan gives peace another chance

OIL AND GAS
Saudi oil shipments moving near Yemen again
Washington (UPI) Aug 6, 2018
After a halt due to militant attacks, oil shipments through a Red Sea strait near the coast of Yemen resumed during the weekend, Saudi Aramco announced. ... more
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OIL AND GAS
Safety issues uncovered at North Sea field
Washington (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
OIL AND GAS
Lower market availability pushes oil prices into positive territory
Washington (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
OIL AND GAS
Strikes halt North Sea oil production
Washington (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
OIL AND GAS
Venezuela's Maduro, still standing after 'assassination' attempt
Caracas (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
OIL AND GAS
CORRECTED: Venezuela 'attack' brings denials from US, Colombia; support from allies
Paris (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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Forests crucial for limiting climate change
Exeter UK (SPX) Aug 08, 2018
Trying to tackle climate change by replacing forests with crops for bioenergy power stations that capture carbon dioxide (CO2) could instead increase the amount of CO2 in the atmosphere, scientists say. Biomass Energy with Carbon Capture and Storage (BECCS) power stations are designed to produce energy and store the resulting carbon dioxide (CO2) in bedrock deep underground. But a st ... more
+ Industrial breakthrough in CO2 usage
+ Taming defects in nanoporous materials to put them to a good use
+ Soil bugs munch on plastics
+ Team shatters theoretical limit on bio-hydrogen production
+ Hydrogen and plastic production offer new catalyst with a dual function
+ Feeding plants to this algae could fuel your car
+ Splitting water: Nanoscale imaging yields key insights
Insight into loss processes in perovskite solar cells enables efficiency improvements
Berlin, Germany (SPX) Aug 07, 2018
Even solar cells made of a perfect miracle material would never be able to convert 100 % of sunlight to electrical energy. This is because the theoretical maximum achievable power is limited by the position of the energy bands of the electrons, and by unavoidable radiation of photons (the thermodynamic or Shockley-Queisser limit). Maximum power conversion efficiency for silicon is about 33 %, fo ... more
+ Scientists create a UV detector based on nanocrystals synthesized by using ion implantation
+ China cooling has mixed solar power impact
+ French energy company ENGIE boasts of solar success
+ Researchers boost performance quality of perovskites
+ Silicon-based, tandem photovoltaic modules can compete in solar market
+ Europe may thrive on renewable energy despite unpredictable weather
+ PI Berlin examines risks facing PV projects in India


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
+ Clock starts for Germany's next wind farm
+ ENGIE: Wind energy footprint firmed up in Norway
+ Batteries make offshore wind energy debut
+ India embarks on offshore wind energy effort
+ 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
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
+ Framatome becomes main distributor of Chesterton valve packing and seals for the nuclear energy industry
+ SUSI submarine robot enables successful visual Inspection at Asco Nuclear Power Plant
+ EDF sees new delay, cost overruns for nuclear reactor
+ First Ukraine nuclear reactor loaded 'solely' with non-Russian fuel
+ Manufacturing operations are ramping up at Framatome Le Creusot site
+ GE Hitachi Selected by U.S. Department of Energy to Lead Advanced Nuclear Technology Development Project
+ Fukushima nuclear plant operator resumes TV ads
Daily Newsletters - Space - Military - Environment - Energy

Earth at risk of heading towards 'hothouse Earth' state
Stockholm, Sweden (SPX) Aug 09, 2018
Keeping global warming to within 1.5-2C may be more difficult than previously assessed, according to researchers. An international team of scientists has published a study in Proceedings of the National Academy of Sciences (PNAS) showing that even if the carbon emission reductions called for in the Paris Agreement are met, there is a risk of Earth entering what the scientists call "Hothous ... more
+ Ten ways the planet could tip into 'Hothouse Earth'
+ Despair as crippling drought hammers Australian farmers
+ Ever-increasing CO2 levels could take us back to the tropical climate of Paleogene period
+ An increase in Southern Ocean upwelling may explain the Holocene CO2 rise
+ Iraqi farmers fight to save cattle from drought
+ Sri Lanka waives debt for 200,000 women in drought areas
+ Cold wave reveals potential benefits of urban heat islands
Tesla says on track for profit despite bigger 2Q loss
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
+ Trump administration seeks rollback of Obama-era fuel efficiency rules
+ California fights back against EPA proposals on vehicles
+ Economists say dynamic tolls could ease traffic problems
+ EV charging in cold temperatures could pose challenges for drivers
+ By turning its back on Wall Street, Tesla could avoid market pressures
+ Volatile visionary: Tesla's Musk divides Wall Street
+ ULEMCo hydrogen dual-fuel vehicle makes cleaner deliveries for Ocado


Removal of roadblocks in Iraq's capital oils traffic and trade
Baghdad (AFP) Aug 8, 2018
Suha Abdelhamid's life has dramatically improved over the past two months - thanks to the removal of fortified roadblocks that had made her daily commute in Iraq's capital a misery. Like people across Baghdad, the young dentist finds a certain joy in rediscovering streets that were previously behind a tortuously slow slalom of concrete barriers and checkpoints. "Before, I never thought ... more
+ UN hails 'credible' Iraq vote recount
+ Iraq sentences two Europeans to life for IS membership
+ New protests hit southern Iraq, a month into unrest
+ Art of cinema comes alive in basement of Iraq aficionado
+ Iraq says jihadists repeatedly hit power line
+ US probes claims pharma giants' actions helped Iraq insurgency
+ Iraqis from same family risk death penalty over IS killings
Iran slams 'psychological warfare' as US to reimpose sanctions
Tehran (AFP) Aug 6, 2018
Iran's President Hassan Rouhani said Monday that Washington's call for new nuclear negotiations at the same time as it reimposes crippling sanctions "doesn't make sense" and is an attempt at "psychological warfare". "If you're an enemy and you stab the other person with a knife and then you say you want negotiations, then the first thing you have to do is remove the knife," he said in an int ... more
+ UN backs plan to unblock humanitarian aid to North Korea
+ Trump firm as US set to reimpose sanctions on Iran
+ Iran dismisses US talks offer as Trump reimposes sanctions
+ Trump says open to new Iran deal, confirms sanctions return
+ US reimposes tough, unilateral sanctions against Iran
+ UN chief sounds nuclear warning to mark Nagasaki bombing
+ North Korea foreign minister meets with Iranian counterpart Zarif
Daily Newsletters - Space - Military - Environment - Energy

China deploys huge police force to prevent fraud protest
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
+ The odd-job volunteers 'fixing' Hong Kong politics
+ Patten hits back at Beijing over Hong Kong press club row
+ Broken art: Ai Weiwei's Beijing studio faces wrecking ball
+ A decade on, Olympics changed China, but not how many hoped
+ China critic silenced during live TV interview
+ UK foreign secretary met human rights figures on China visit
+ Historic Chinese town resists eviction for theme park
Three Congo soldiers walk free after 'mass murder' convictions
Libreville (AFP) Aug 7, 2018
A court in the Republic of Congo jailed three soldiers for three years for "mass murder" during a peacekeeping mission to the Central African Republic, but the convicts have been freed, Human Rights Watch said Tuesday. "The sentences deny justice to the victims, who included women and children," the New York-based NGO said in a statement, protesting that the jail terms "do not reflect the gr ... more
+ Canadian UN peacekeepers return to Africa after 24 years
+ Suspicion of electoral fraud revives ethnic tension in Mali
+ China urges Zimbabweans to 'respect' vote result
+ Russia says its military in C.Africa only to train local troops
+ C.Africa rebels rearm after military gets Russia weapons:UN panel
+ What we know about Russia's 'Wagner Group'
+ Canada launches peacekeeping mission in Mali


Lockheed contracted for C-130J long-term sustainment
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
+ Air Force completes initial proposal for light attack aircraft: Wilson
+ Boeing contracted for T-45 backup oxygen systems
+ Boeing contracted for KC-46 Pegasus risk reduction study
+ Hong Kong's Cathay Pacific narrows losses in first half
+ NATO to revamp Albanian air base: PM
+ Chinese relatives frustrated by MH370 report
+ Boeing receives $186.2 million order for F/A-18 spare parts
Are tech titans teetering atop the market?
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
+ HSBC to pay $765m US fine over crisis-era conduct
+ State-owned China Tower trades flat on Hong Kong debut
+ China's factory-gate inflation tops forecasts in July
+ China exports top forecasts but warning over US tariffs impact
+ China trade surplus with US eases in July
+ First round of US tariffs on Chinese goods to hit $50 bn Aug 23: USTR
+ Berlin plans further curbs against non-EU investors
Daily Newsletters - Space - Military - Environment - Energy

Post-Brexit Britain's military will remain 'tier one,' minister says
Washington (AFP) Aug 7, 2018
British Defense Secretary Gavin Williamson insisted Tuesday that Britain's military will not be diminished after it leaves the European Union next year. "Britain leaving the European Union has no impact in terms of the security and defense of Europe," Williamson said in a speech at the Atlantic Council in Washington. "Britain is a major global actor. We have always been a tier one milit ... more
+ Kremlin warns of conflict if Georgia joins NATO
+ US denies role as Venezuela's Maduro blames 'assassination' attempt on Colombia
+ The lightning Russia-Georgia war
+ Russia used lessons from Georgia war in Ukraine conflict
+ Sweden, Finland say Russia has 'false' defence information
+ Georgia hosts major joint drills with NATO forces
+ Pentagon chief: talks with Russian counterpart possible


Clothing, furniture also to blame for ocean and freshwater pollution
Olso, Norway (SPX) Aug 07, 2018
Think summer holidays and you'll likely call up images of a beautiful beach or a glittering blue lake. But more and more lakes, rivers and coastal areas are plagued by an oversupply of nutrients that causes algae to grow at an explosive rate, which can eventually lead to water bodies that can't support aquatic life. Scientists call this type of water pollution eutrophication, and it is an ... more
+ Chile enacts historic ban on plastic bags
+ Australia supermarket bagged after plastic backflip
+ Degrading plastics emit greenhouse gases: study
+ Sunscreen chemicals harm fish embryos, study shows
+ High-precision on-site analysis of precious metals in metallurgical waste spills
+ Hamburg Ironman swimmers sunk by algae
+ No day at the beach as toxic algae hit Baltic coast
Disaster relief: How can AI improve humanitarian assistance?
Arlington VA (SPX) Aug 09, 2018
The unique topic of artificial intelligence (AI) for humanitarian assistance and disaster relief (HA/DR) was in the spotlight last week, as leading minds from academia, industry and the federal government met to discuss how modern technology can help victims of disasters around the globe. The Artificial Intelligence and Autonomy for Humanitarian Assistance and Disaster Relief Workshop - co ... more
+ Saudi hackathon seeks high-tech fixes to hajj calamities
+ Made in Fukushima: Japan farmers struggle to win trust
+ That's cold: Japan tech blasts snoozing workers with AC
+ Two jailed for rigging Hong Kong-China bridge tests
+ Empathetic, calm dogs try to rescue owners in distress, study finds
+ Developing Microrobotics for Disaster Recovery and High-Risk Environments
+ Spanish rescue ship heads home after dramatic rescue
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