Oil News and Gas News
August 14, 2018
OIL AND GAS
OPEC economists see bullish trends offset by trade disputes



Washington (UPI) Aug 13, 2018
OPEC economists said there were bullish trends supporting the price of oil, but there were underlying concerns about political and economic disputes. Economists at the Organization of Petroleum Exporting Countries left estimates for global growth in gross domestic product unchanged at 3.8 percent for 2018 in their market report for August. Modest growth in the United States was balanced by a slowdown in the European economy. In Asia, Japan's economy is sluggish with 1.8 percent GDP this year. C ... read more

OIL AND GAS
Morningstar: China is a critical market for U.S. oil
Washington (UPI) Aug 13, 2018
After soaring last year, U.S. crude oil exports to China have started to slow down because of trade concerns and price differentials, Morningstar found. ... more
OIL AND GAS
Oil prices inch lower on Turkish correction
Washington (UPI) Aug 13, 2018
Global tensions that would be supportive of crude oil prices were offset by signs of economic slowdown to push the price of oil slightly lower early Monday. ... more
OIL AND GAS
Effort to find new hydrocarbons in the Barents Sea fails
Washington (UPI) Aug 13, 2018
There's been no luck in an effort to find new reserves near a multimillion-barrel prospect in the Barents Sea, the Norwegian government stated Monday. ... more
OIL AND GAS
North Sea player Neptune expanding its position
Washington (UPI) Aug 13, 2018
Claiming its second major win of the year, North Sea energy company Neptune announced Monday it built up its portfolio further through a deal with Apache Corp. ... more


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OIL AND GAS
Caspian states make little energy headway
Washington (UPI) Aug 13, 2018
Parties to a summit of energy-rich countries bordering the Caspian Sea did little to settle simmering disputes over oil and gas fields, analysts said. ... more
OIL AND GAS
China committed to Iranian oil and gas
Washington (UPI) Aug 13, 2018
According to state-run media in Iran, Chinese companies are keen on buying oil from Iran despite unilateral sanctions put in place by the United States. ... more
OIL AND GAS
Caspian states look to settle maritime issues
Washington (UPI) Aug 10, 2018
With offshore reserves on the line, the Kremlin said Friday that the five littoral states to the Caspian Sea will sign off on legal issues next week. ... more
OIL AND GAS
Denmark considers Nord Stream 2 permits
Washington (UPI) Aug 10, 2018
Denmark, one of the last countries yet to sanction Russia's Nord Stream pipeline, is reviewing new route plans, the country's energy agency stated Friday. ... more
OIL AND GAS
Venezuela facing compounding oil woes
Washington (UPI) Aug 10, 2018
Venezuelan plans to stabilize crude oil production do little to address bottlenecks and the shortage of investments, an analyst said Friday. ... more
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OIL AND GAS
IEA: Supply-side concerns fade, effects of U.S. sanctions unknown
Washington (UPI) Aug 10, 2018
Concerns about the lack of available oil on the market have faded, but it may be the calm before a storm triggered by U.S. sanctions, a market report found. ... more
OIL AND GAS
S. Sudan peace deal 'not realistic', international backers warn
Washington (AFP) Aug 10, 2018
A power-sharing deal signed Sunday by South Sudan's leaders faces "considerable challenges" and agreements made may be "not realistic," key international backers of the young country's peace process cautioned Friday. ... more
OIL AND GAS
Old fashioned supply and demand pushes oil prices higher
Washington (UPI) Aug 10, 2018
Revision to global demand for oil overshadowed trade tensions, this time between the United States and Turkey, to push the price of oil higher early Friday. ... more
OIL AND GAS
Iraq PM cancels visit to sanctions-hit Iran
Baghdad (AFP) Aug 12, 2018
Iraqi Prime Minister Haider al-Abadi has cancelled a visit to Iran, his press office said Sunday, as the premier came under strong Iranian criticism over his stand on renewed US sanctions against Tehran. ... more
OIL AND GAS
Fracking scheduled for British Columbia
Washington (UPI) Aug 10, 2018
A review of operational plans for shale exploitation in British Columbia confirms the prospects for a pioneering fracking campaign, Calima Energy stated. ... more


Apache Corp. to form new energy transit, storage and marketing company

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
OILGASDAILY



OIL AND GAS
Saudi oil policies not swayed by politics
Washington (UPI) Aug 9, 2018
Considerations regarding the supply of oil to customers and countries around the world won't be swayed by political issues, Saudi Arabia's oil minister said. ... more
OIL AND GAS
Oil prices stable as tensions balance trade concerns
Washington (UPI) Aug 9, 2018
Cooling tensions between the United States and Russia, and corrections from Wednesday's purge, help push the price of oil slightly higher early Thursday. ... more
OIL AND GAS
Faroe Petroleum next up for exploration offshore Norway
Washington (UPI) Aug 9, 2018
A Norwegian regulator announced it signed off on a permit for a 44-day effort to search for new reserves in its territorial waters of the North Sea. ... more
OIL AND GAS
ICG: Libyan oil not yet spared from political crises
Washington (UPI) Aug 9, 2018
Crises curbing exports and production in Libya's oil belt have abated, but the underlying issues remain unresolved, the International Crisis Group reported. ... more
OIL AND GAS
Europe wants U.S. LNG if the price is right
Washington (UPI) Aug 9, 2018
If the price is right, Europe sees U.S. liquefied natural gas as a strategic component of a diverse energy mix, the European president said Thursday. ... 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
+ Scientists discover how to protect yeast from damage in biofuel production
+ Taming defects in nanoporous materials to put them to a good use
+ Renewables could drastically cut tailpipe emissions
+ Solar fuels working well under pressure
+ USTC develops a family of bioinspired artificial woods by traditional resins
+ Converting carbon dioxide into methane or ethane selectively
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

NASA finds Amazon drought leaves long legacy of damage
Pasadena CA (JPL) Aug 10, 2018
A single season of drought in the Amazon rainforest can reduce the forest's carbon dioxide absorption for years after the rains return, according to a new study published in the journal Nature. This is the first study to quantify the long-term legacy of an Amazon drought. A research team from NASA's Jet Propulsion Laboratory in Pasadena, California, and other institutions used satellite li ... more
+ Farmers in war-torn Afghanistan hit by worst drought in decades
+ Earth at risk of heading towards 'hothouse Earth' state
+ Despair as crippling drought hammers Australian farmers
+ Ever-increasing CO2 levels could take us back to the tropical climate of Paleogene period
+ Ten ways the planet could tip into 'Hothouse Earth'
+ An increase in Southern Ocean upwelling may explain the Holocene CO2 rise
+ Iraqi farmers fight to save cattle from drought
Volatile visionary: Tesla's Musk divides Wall Street
New York (AFP) Aug 8, 2018
"Boring bonehead questions are not cool. Next?" Tesla chief Elon Musk complained in May, shortly before shutting down questions from Wall Street. The now-infamous conference call in a nutshell represents the unorthodox approach of Musk, whose brazen aspirations to remake the transportation universe and confrontational approach to opponents has aroused both passionate support and furious crit ... more
+ Elon Musk says in talks with Saudis on taking Tesla private
+ Tesla: Musk's tweet a bridge too far?
+ Tesla says on track for profit despite bigger 2Q loss
+ By turning its back on Wall Street, Tesla could avoid market pressures
+ EV charging in cold temperatures could pose challenges for drivers
+ California fights back against EPA proposals on vehicles
+ ULEMCo hydrogen dual-fuel vehicle makes cleaner deliveries for Ocado


Iraqi cleric Sadr wins vote recount: electoral commission
Baghdad (AFP) Aug 10, 2018
Nationalist Shiite cleric Moqtada Sadr's alliance won Iraq's legislative election in May according to a manual recount, the electoral commission said Friday, paving the way for a government to be formed nearly three months after the polls. Allegations of fraud prompted the supreme court to order a partial manual recount, but Sadr's joint list with communists will retain all 54 seats it won t ... more
+ Iraqi PM overhauls electricity ministry after protests
+ British Museum identifies looted Iraqi antiquities, sends them home
+ Nationalist cleric Sadr wins Iraq vote recount
+ Removal of roadblocks in Iraq's capital oils traffic and trade
+ UN hails 'credible' Iraq vote recount
+ Iraq sentences two Europeans to life for IS membership
+ New protests hit southern Iraq, a month into unrest
N. Korea restricts Chinese tour groups ahead of anniversary: report
Seoul (AFP) Aug 11, 2018
Pyongyang will suspend Chinese tour group visits to North Korea ahead of a high profile anniversary next month, according to news reports Saturday. The North's Korea International Youth Travel Agency told a Chinese tourist agency that hotels in Pyongyang would be closed for renovations for 20 days starting Saturday, according to South Korean media reports. Another North Korean travel age ... more
+ N. Korea says US 'throwing cold water' on denuclearisation progress
+ North Korea will preserve know-how despite denuclearisation: FM
+ UN chief sounds nuclear warning to mark Nagasaki bombing
+ S. Korea firms caught importing coal, iron from North: Seoul
+ North Korea slams UN chief over call for nuclear disarming
+ Iraq PM defends stance on US sanctions against Iran
+ Dog tag of US soldier killed in Korean War given to sons
Daily Newsletters - Space - Military - Environment - Energy

China allows Swedish doctor to see detained publisher: Sweden
Stockholm (AFP) Aug 13, 2018
China has allowed a Swedish doctor to examine publisher Gui Minhai, a Chinese-born Swede who vanished into Chinese custody in January in murky circumstances for the second time, Sweden said Monday. "Swedish medical personnel have on Monday, August 13, been able to carry out a visit with detained Swedish citizen Gui Minhai. This is welcome," Swedish Foreign Minister Margot Wallstrom said in a ... more
+ Airbnb pulls Great Wall overnight stay after uproar
+ China delays mosque demolition after protest
+ Drive to curb salt intake should focus on China: study
+ China's new online cosmetics stars: men
+ The odd-job volunteers 'fixing' Hong Kong politics
+ China deploys huge police force to prevent fraud protest
+ Patten hits back at Beijing over Hong Kong press club row
South Sudan president pardons rival, rebels: state radio
Juba (AFP) Aug 9, 2018
South Sudan's President Salva Kiir has issued a decree offering a blanket amnesty to rebels, including his bitter rival Riek Machar, state radio reported Thursday. The announcement comes days after the two men signed a power-sharing deal in the Sudanese capital Khartoum aimed at ending a nearly five-year civil war that has killed tens of thousands and uprooted millions. "President Salva ... more
+ Three Congo soldiers walk free after 'mass murder' convictions
+ 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'


State Department approves Black Hawk helicopter sale for Latvia
Washington (UPI) Aug 6, 2018
The State Department has approved a possible foreign military sale of four Black Hawk helicopters and related equipment to the government of Latvia. The helicopters will be in standard U.S. configuration, and will be accompanied by ten T700-GE-701D engines - including eight installed and two spare - and ten Embedded Global Positioning Systems/Inertial Navigation Systems, also with eig ... more
+ Triumph receives contract for C-130J parts fabrication
+ Air Force completes initial proposal for light attack aircraft: Wilson
+ Lockheed awarded $302M for F-35 equipment
+ Boeing contracted for KC-46 Pegasus risk reduction study
+ Hong Kong's Cathay Pacific narrows losses in first half
+ Lockheed contracted for C-130J long-term sustainment
+ Boeing contracted for T-45 backup oxygen systems
China exports top forecasts but warning over US tariffs impact
Beijing (AFP) Aug 8, 2018
China on Wednesday posted a forecast-busting surge in exports for July, but while its surplus with the US dipped slightly analysts warned that the full impact of US sanctions was yet to be felt. The figures come as the world's two largest economies exchange threats of stiff duties on billions of dollars worth of goods, fuelling fears of a full-blown trade conflict that could hit global growt ... more
+ Kazakh leader touts port on China's 'Silk Road'
+ Yuan decline helps China in US trade war, at a price
+ State-owned China Tower trades flat on Hong Kong debut
+ China's factory-gate inflation tops forecasts in July
+ 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

Sri Lanka gets US military funding as China vies for influence
Colombo (AFP) Aug 13, 2018
The United States announced Monday it would grant Sri Lanka $39 million to boost maritime security as China develops its strategic hold on the Indian Ocean island. The State Department will provide the funds as "foreign military financing", pending congressional approval, the US embassy in Colombo said. "We look forward to discussing with the government of Sri Lanka how this contribution ... more
+ Post-Brexit Britain's military will remain 'tier one,' minister says
+ 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


U.S. environmental regulations curbed air pollution, study shows
Washington (UPI) Aug 9, 2018
New research suggests federal environmental regulations enacted under the Clean Air Act are responsible for significant reductions in air pollution emissions over the last several decades. Between 1990 and 2008, the United States' manufacturing output grew, but industrial air pollution decreased by 60 percent. The new study, forthcoming in the American Economic Review, showed man ... more
+ Environmental regulations drove steep declines in US factory pollution
+ Clothing, furniture also to blame for ocean and freshwater pollution
+ 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
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
+ Nine dead including children as migrant boat sinks off Turkey: report
+ For wetter or worse: Philippine bride defies storm
+ Lombok quake sends shudders through tourist industry
+ Japan's crippled Fukushima plant stops selling souvenirs
+ 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
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