Oil News and Gas News
August 17, 2018
OIL AND GAS
Crude oil prices barely recover after Wednesday's loss



Washington (UPI) Aug 16, 2018
Crude oil prices were moving in positive territory ahead of the start of U.S. trading after major losses in the previous session, though concerns remain on the horizon. The price for Brent crude oil finished lower by 2.35 percent on Wednesday after the U.S. Energy Information Administration reported U.S. crude oil inventories swelled by 6.8 million barrels last week. Analysts surveyed by commodity pricing group S&P Global Platts had expected a draw of 1.7 million barrels. Broader markets ... read more

OIL AND GAS
North Sea oil and gas find bigger than expected
Washington (UPI) Aug 16, 2018
The Norwegian government reported results Thursday from an appraisal well in the North Sea that were better than operator Equinor expected. ... more
OIL AND GAS
Court orders new review of Keystone XL pipeline
Washington (UPI) Aug 16, 2018
A timeline for new environmental review is necessary for a revised leg of the Keystone XL oil pipeline before construction begins next year, a court ordered. ... more
OIL AND GAS
DNO pays out first dividend in 13 years
Washington (UPI) Aug 16, 2018
Pointing to a high level of success for its assets in the Kurdish north of Iraq, Norwegian company DNO said it was paying its first dividend in 13 years. ... more
OIL AND GAS
Cash flow soars for Russia's Gazprom Neft
Washington (UPI) Aug 16, 2018
Russian oil producer Gazprom Neft said Thursday its free cash flow improved more than 70 percent from last year, though production increased by 2 percent. ... more


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OIL AND GAS
Australian oil discovery a likely game changer
Washington (UPI) Aug 16, 2018
A high-risk exploration target offshore Western Australia has paid off and could lead to a major rush in commercial interests, a consultant group said Thursday. ... more
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. ... 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
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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
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
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


Oil prices rise on Turkish relief, Saudi oil slowdown

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
OILGASDAILY



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
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
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
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
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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
+ 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
+ Taming defects in nanoporous materials to put them to a good use
Sanjeev Gupta to build 280MW solar farm in South Australia
Adelaide, Australia (SPX) Aug 17, 2018
Details of a 280MW solar farm have been unveiled in South Australia as the first part of Sanjeev Gupta's global GFG Alliance US$1 billion, one-gigawatt dispatchable renewable energy program. The Cultana Solar Project in South Australia's Upper Spencer Gulf will include 780,000 solar panels capable of generating 600GWh of energy generation per year, enough to power 96,000 homes while offset ... more
+ Brown selects Freedom Solar Power to design and install rooftop solar array
+ China blasts US solar tariffs, takes WTO action
+ 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


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
+ Tesla sues Ontario over scrapped electric car rebate
+ 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


Iraq says six 'criminals' executed
Baghdad (AFP) Aug 16, 2018
Six "criminals" were executed by hanging in Iraq this week, the justice ministry said on Thursday, without specifying if they were jihadists. The ministry, in a statement, said they were put to death for having "shed the blood of Iraqis" after their appeals were rejected and the sentences ratified by the presidency. It did not elaborate or identify any of the six who were hanged or say w ... more
+ Iraq religious tourism squeezed by Iran sanctions
+ Nationalist cleric Sadr wins Iraq vote recount
+ Iraq's top musicians play on despite unpaid wages
+ 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
N. Korea leader lambasts 'brigandish' sanctions: KCNA
Seoul (AFP) Aug 17, 2018
North Korean leader Kim Jong Un attacked "hostile forces" over "brigandish" sanctions, state media reported Friday, as Washington seeks to maintain pressure on Pyongyang over its nuclear programme. Kim and US President Donald Trump held a groundbreaking summit in Singapore in June, which the US leader touted as a historic breakthrough. But there has been little movement since and the Nor ... more
+ US creates 'Iran Action Group' to up pressure on Tehran
+ Nukes and nationalism: Former Indian PM Vajpayee
+ Chinese bombers likely training for US strikes: Pentagon
+ Moon says Pyongyang summit to be 'bold step' towards ending war
+ US blacklists Russian, Chinese companies for breaking North Korea embargo
+ N. Korea restricts Chinese tour groups ahead of anniversary: report
+ S. Korea firms caught importing coal, iron from North: Seoul
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 a landslide in a runoff ballot, according to official figures Thursday. The elections have been closely watched abroad, as Mali is a linchpin state in the jihadist insurgency raging in the Sahel. Keita, 73, picked up 67.17 percent of the vote on Sunday against 32.83 for opposition challenger an ... more
+ Keita re-elected Mali president with landslide
+ Tanzania to arrest entire village over broken water pipe
+ South Sudan's child soldiers hope for life after war
+ 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


L3 awarded contract modification for F-16A/B Block 20 Training Center
Washington (UPI) Aug 16, 2018
L3 Technologies has received a $25.8 million modification to an existing U.S. Defense Department contract for an F-16 A/B Block 20 Mission Training Center. Work will be performed in Arlington, Texas, and is expected to be completed by October 2024. The modification includes foreign military sales to Taiwan. Foreign military sales funds in the amount of $25.8 million are being obl ... more
+ Boeing tapped to upgrade F/A-18s for Blue Angels
+ Boeing receives contract for C-32A refurbishment
+ Boeing lands $40M contract modification for Navy F/A-18 parts
+ CFM International receives contract for P-8 Poseidon engines and parts
+ Chinese plane slides off Manila airport runway in heavy rain
+ Chinese MH370 relatives ask to meet Malaysia PM
+ Two US Ospreys make emergency landings in Japan
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
+ China, US to resume trade talks in late August
+ Kazakh leader touts port on China's 'Silk Road'
+ China data shows economic momentum flagging
+ Hong Kong spends $2bn to defend currency peg
+ 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
Daily Newsletters - Space - Military - Environment - Energy

US will be 'good ally' to Philippines in disputed sea: official
Manila (AFP) Aug 16, 2018
The United States will be "a good ally" to the Philippines in responding to territorial conflicts in the South China Sea, a US defence official said Thursday. Randall Schriver, assistant secretary of defense for Asian and Pacific security affairs, gave the assurance as tensions rise over China's aggressive stance towards its claims to most of the strategic waterway. Speaking to reporters ... more
+ Malaysian PM heading to China with mega-projects in focus
+ Costs march upwards for Trump's military parade
+ Military parade ordered by Trump postponed after costs spiral
+ US defense chief woos Brazil as Chinese influence grows
+ Britain's RAF intercepts six Russian bombers over Black Sea
+ Sri Lanka gets US military funding as China vies for influence
+ Post-Brexit Britain's military will remain 'tier one,' minister says


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
+ For wetter or worse: Philippine bride defies storm
+ Lombok quake sends shudders through tourist industry
+ Japan's crippled Fukushima plant stops selling souvenirs
+ 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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