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Multi-billion dollar acquisition creates Permian major![]() (UPI) Aug 15, 2018 A $9.2 billion all-stock acquisition creates one of the larger entities working in the Permian shale basin in the United States, Diamondback Energy announced. Diamondback announced the all-stock acquisition of Energen Corp. on Wednesday. Through the deal, Diamondback increases its acreage in the Permian shale basin by 57 percent to more than 266,000 net acres. All told, the assets acquired from Energen produced more than 222,000 barrels of oil equivalent, with about two thirds of that ex ... read more |
Good results from U.S. offshore auction, but expectations low(UPI) Aug 16, 2018 Results from a U.S. auction for drilling rights in the Gulf of Mexico showed companies are willing to spend again, but expectations were low, experts said. ... more
Turkish concerns add to a shaky market to pull oil prices lower(UPI) Aug 15, 2018 Oil prices were moving in negative territory ahead of the start of U.S. trading on signs of slowing demand and lingering concerns about U.S.-Turkish relations. ... more
Russian permits for Nord Stream 2 secured(UPI) Aug 15, 2018 The consortium managing the second leg of the Nord Stream gas pipeline from Russia to Europe said it has all the permits needed for Russian installation. ... more
Four in a row for oil discoveries in Niger(UPI) Aug 15, 2018 The latest confirmed oil discovery in a basin in southeast Niger makes it four in a row for Savannah Petroleum's exploration campaign, the company stated. ... more |
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| Previous Issues | Aug 15 | Aug 14 | Aug 13 | Aug 11 | Aug 10 |
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Oil prices rise on Turkish relief, Saudi oil slowdownWashington (UPI) Aug 14, 2018 Crude oil prices jumped ahead of the start of U.S. trading on Tuesday on signs of easing Turkish economic strain and supply-side drainage. ... more
Venezuelan general arrested over 'attack' on MaduroCaracas (AFP) Aug 14, 2018 Venezuela has arrested a general as part of a continuing probe into the alleged attempt to assassinate President Nicolas Maduro, the attorney general said Tuesday. ... more
LNG next test for capital efficiencyWashington (UPI) Aug 14, 2018 The energy majors are getting more efficient with megaprojects offshore, but it will be planned LNG projects that test their mettle, Wood Mackenzie found. ... more
Eni building up its position in EgyptWashington (UPI) Aug 14, 2018 From an exploration license offshore to a contract extension near the Western Desert, Italian energy company Eni said it's strengthening is position in Egypt. ... more
OPEC economists see bullish trends offset by trade disputesWashington (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. ... more |
![]() Caspian states make little energy headway
Effort to find new hydrocarbons in the Barents Sea failsWashington (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 |
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China committed to Iranian oil and gasWashington (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 prices inch lower on Turkish correctionWashington (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
Morningstar: China is a critical market for U.S. oilWashington (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
North Sea player Neptune expanding its positionWashington (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
Caspian states look to settle maritime issuesWashington (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 |
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Key gene to accelerate sugarcane growth is identified Sao Paulo, Brazil (SPX) Aug 08, 2018
Despite international breeding efforts, advanced agronomy and effective management of pests and diseases, sugarcane yields have been static for decades owing to constraints on culm development.
The culm's sugar storage capacity is physically limited, restricting the volume of sucrose and biomass that can be obtained from the crop for sugar and second-generation (2G) ethanol production, acc ... more |
China blasts US solar tariffs, takes WTO action Beijing (AFP) Aug 15, 2018 China has blasted US tariffs on solar panel imports, filing a complaint at the World Trade Organization in the latest salvo of the trade battle between the world's two economic giants.
US President Donald Trump approved steep tariffs on solar panel imports in January to protect US producers, triggering an outcry from China, South Korea and even protests from the US solar industry.
China' ... 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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Britain's dry summer reveals ancient sites London (AFP) Aug 15, 2018
Previously hidden archaeological sites have emerged in fields across Britain after the hot, dry summer exposed new cropmarks, the Historic England agency said Wednesday.
Aerial photographs have exposed patterns which reveal the sites of prehistoric settlements, burial mounds and Iron Age, Bronze Age and Roman farms.
Among the new discoveries are two Neolithic monuments near Milton Keynes ... more |
Tesla: Musk's tweet a bridge too far? New York (AFP) Aug 12, 2018
Tesla chief executive Elon Musk got into legal hot water this week after announcing on Twitter he had sufficient financing already in hand to take the electric automaker private.
Many in US financial circles are wondering where he will he get all this money, and have turned skeptical despite the reverence in which they normally hold Musk, who founded the company in 2003 to transform cars int ... more |
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Iraq religious tourism squeezed by Iran sanctions Najaf, Iraq (AFP) Aug 16, 2018
With hotels facing mass cancellations, Iraqis in the holy city of Najaf are being hit hard by US sanctions on neighbouring Iran, which have forced cash-strapped pilgrims to stay home.
At the city's edge, surrounded by mosaic-covered walls and topped by a golden dome, sits the shrine of Imam Ali, son-in-law of the Prophet Mohammed and a revered figure among Shiite Muslims.
The shrine draw ... more |
Moon says Pyongyang summit to be 'bold step' towards ending war Seoul (AFP) Aug 15, 2018 South Korean President Moon Jae-in said Wednesday his visit to Pyongyang next month will be a "bold step" towards formally ending the decades-old war with the nuclear-armed North.
The two Koreas agreed earlier this week to hold a third meeting between Moon and North Korean leader Kim Jong Un in September as a rapid diplomatic thaw builds on the peninsula following their first summit in April ... more |
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Philippines' Duterte slams China over island-building Manila (AFP) Aug 15, 2018
Philippine President Rodrigo Duterte has urged China to "temper" its behaviour in the South China Sea in a rare criticism of the Asian superpower over its programme of island-building in disputed waters.
China has alarmed and angered its neighbours by claiming dominion over most of the South China Sea and building a string of artificial islands and military airbases.
But the outspoken D ... more |
Keita re-elected Mali president with landslide Bamako (AFP) Aug 16, 2018
Malian President Ibrahim Boubacar Keita has been re-elected for a five-year term after winning 67.17 percent of the vote in a runoff, the government announced on Thursday.
Opposition challenger and former finance minister Soumaila Cisse, who also ran against Keita in 2013, won 32.83 percent on Sunday, Local Government Minister Mohamed Ag Erlaf said on national television, giving provisional ... more |
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Boeing tapped to upgrade F/A-18s for Blue Angels Washington (UPI) Aug 14, 2018
Boeing has received a $17 million order against a previously issued ordering agreement for Blue Angel F/A-18 conversions.
This order, announced Monday by the Department of Defense, is for retrofitting, kits and documentation to convert nine F/A-18E and two F/A-18F fighters into a Blue Angel aerial demonstration team configuration.
Work will be performed in St. Louis, Mo., and is ... more |
China, US to resume trade talks in late August Beijing (AFP) Aug 16, 2018
China will send a senior negotiator to the United States in late August to resume trade talks, its commerce ministry said Thursday, the first public meeting on the dispute in weeks as the trade conflict intensifies.
Beijing and Washington have slapped tariffs on tens of billions of dollars worth of each other's goods since they held their last high-level meeting in June, raising fears that t ... more |
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Malaysian PM heading to China with mega-projects in focus Kuala Lumpur (AFP) Aug 16, 2018
Malaysian Prime Minister Mahathir Mohamad begins a visit to China Friday, seeking to renegotiate or even cancel major Beijing-backed projects signed under the country's scandal-plagued, former regime.
The 93-year-old leader, who returned for a second stint as premier following a shock election win in May, has railed against a series of deals struck with Chinese state-owned companies by the a ... more |
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Tunisia anti-litter activist takes up 300-km, 30-beach challenge Nabeul, Tunisia (AFP) Aug 14, 2018 Bin bags at the ready, "long-distance activist" Mohamed Oussama Houij moves methodically along a beach in Tunisia's Mediterranean town of Nabeul, scooping up all kinds of trash as he goes along.
The 27-year-old sanitary engineer set out in July to walk a 300-kilometre (185-mile) stretch of coastline in northern Tunisia and clean up 30 beaches along the way.
He hopes the two-month trek wi ... more |
First reliable estimates of highly radioactive cesium-rich microparticles released by Fukushima disaster Paris, France (SPX) Aug 16, 2018
Scientists have for the first time been able to estimate the amount of radioactive cesium-rich microparticles released by the disaster at the Fukushima power plant in 2011. This work, which will have significant health and environmental implications, is presented at the Goldschmidt geochemistry conference in Boston*.
The flooding of the Fukushima Daiichi Nuclear Power Plant (FDNPP) after t ... more |
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