Oil News and Gas News
August 16, 2018
OIL AND GAS
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

OIL AND GAS
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
OIL AND GAS
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
OIL AND GAS
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
OIL AND GAS
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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OIL AND GAS
We're hiring, Norwegian oilfield services company says
(UPI) Aug 15, 2018
Norwegian oilfield services company Archer said new contracts from Equinor would help support a 2,000 person increase in payrolls by the end of the year. ... more
OIL AND GAS
Emissions from energy-rich Norway on the decline
(UPI) Aug 15, 2018
The Norwegian government reported Wednesday that total greenhouse gas emissions were lower, with declines in pollution from road traffic leading the way. ... more
OIL AND GAS
Survey completed at giant Australian oil and gas basin
Washington (UPI) Aug 14, 2018
Australian energy company Melbana said Tuesday that a survey of the Beehive prospect, with more than 1 billion barrels of estimated reserves, is complete. ... more
OIL AND GAS
U.S. gas prices stable ahead of Labor Day
Washington (UPI) Aug 14, 2018
Motorists in the United States are enjoying a period of relative calm at the gas pump, but sentiment is mixed over what happens ahead of the next major holiday. ... more
OIL AND GAS
U.S. offshore lease a barometer for market recovery
Washington (UPI) Aug 14, 2018
Ahead of the next U.S. offshore lease for oil and gas drilling rights, a trade group was mixed on the Trump administration's support for the sector. ... more
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OIL AND GAS
Oil prices rise on Turkish relief, Saudi oil slowdown
Washington (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
OIL AND GAS
Venezuelan general arrested over 'attack' on Maduro
Caracas (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
OIL AND GAS
LNG next test for capital efficiency
Washington (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
OIL AND GAS
Eni building up its position in Egypt
Washington (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
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. ... more


Caspian states make little energy headway

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
OILGASDAILY



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
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
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
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
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
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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
+ Scientists discover how to protect yeast from damage in biofuel production
+ Taming defects in nanoporous materials to put them to a good use
+ Thermal switch discovered in engineered squid-based biomaterials
+ Renewables could drastically cut tailpipe emissions
+ Solar fuels working well under pressure
+ Converting carbon dioxide into methane or ethane selectively
+ USTC develops a family of bioinspired artificial woods by traditional resins
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
+ China lodges WTO complaint on U.S. solar tariffs
+ China cooling has mixed solar power impact
+ Scientists create a UV detector based on nanocrystals synthesized by using ion implantation
+ French energy company ENGIE boasts of solar success
+ Insight into loss processes in perovskite solar cells enables efficiency improvements
+ Researchers boost performance quality of perovskites
+ Silicon-based, tandem photovoltaic modules can compete in solar market


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

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
+ Brace for extra-warm weather through 2022: study
+ Farmers in war-torn Afghanistan hit by worst drought in decades
+ NASA finds Amazon drought leaves long legacy of damage
+ 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'
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
+ EV progress influenced by cobalt and lithium prices
+ Tesla board forms committee to consider going private
+ Elon Musk says in talks with Saudis on taking Tesla private
+ Tesla says on track for profit despite bigger 2Q loss
+ By turning its back on Wall Street, Tesla could avoid market pressures
+ Volatile visionary: Tesla's Musk divides Wall Street
+ EV charging in cold temperatures could pose challenges for drivers


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
+ Iraq's top musicians play on despite unpaid wages
+ Nationalist cleric Sadr wins Iraq vote recount
+ Iraqi cleric Sadr wins vote recount: electoral commission
+ Iraqi PM overhauls electricity ministry after protests
+ British Museum identifies looted Iraqi antiquities, sends them home
+ Removal of roadblocks in Iraq's capital oils traffic and trade
+ UN hails 'credible' Iraq vote recount
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
+ US blacklists Russian, Chinese companies for breaking North Korea embargo
+ Iraq PM defends stance on US sanctions against Iran
+ N. Korea restricts Chinese tour groups ahead of anniversary: report
+ S. Korea firms caught importing coal, iron from North: Seoul
+ 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
Daily Newsletters - Space - Military - Environment - Energy

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
+ Hong Kong targets fugitive tycoon accused of laundering billions
+ Hong Kong independence activist attacks Beijing at press club talk
+ China allows Swedish doctor to see detained publisher: Sweden
+ 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
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
+ Arms, investment and 'instructors': Russia boosts Africa role
+ South Sudan president pardons rival, rebels: state radio
+ 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


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
+ Boeing receives contract for C-32A refurbishment
+ Boeing lands $40M contract modification for Navy F/A-18 parts
+ Two US Ospreys make emergency landings in Japan
+ CFM International receives contract for P-8 Poseidon engines and parts
+ Chinese MH370 relatives ask to meet Malaysia PM
+ Lockheed awarded $302M for F-35 equipment
+ Hong Kong's Cathay Pacific narrows losses in first half
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
+ Kazakh leader touts port on China's 'Silk Road'
+ Hong Kong spends $2bn to defend currency peg
+ China data shows economic momentum flagging
+ Yuan decline helps China in US trade war, at a price
+ China exports top forecasts but warning over US tariffs impact
+ State-owned China Tower trades flat on Hong Kong debut
+ China's factory-gate inflation tops forecasts in July
Daily Newsletters - Space - Military - Environment - Energy

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
+ US defense chief woos Brazil as Chinese influence grows
+ Sri Lanka gets US military funding as China vies for influence
+ Britain's RAF intercepts six Russian bombers over Black Sea
+ 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


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
+ Environmental regulations drove steep declines in US factory pollution
+ U.S. environmental regulations curbed air pollution, study shows
+ 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
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
+ Japan's crippled Fukushima plant stops selling souvenirs
+ For wetter or worse: Philippine bride defies storm
+ Lombok quake sends shudders through tourist industry
+ Disaster relief: How can AI improve humanitarian assistance?
+ Nine dead including children as migrant boat sinks off Turkey: report
+ Saudi hackathon seeks high-tech fixes to hajj calamities
+ Made in Fukushima: Japan farmers struggle to win trust
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