Oil News and Gas News
August 21, 2018
OIL AND GAS
Minister: French supermajor Total formally leaves Iran



Washington (UPI) Aug 20, 2018
Iran's oil minister said Monday the process for finding a new company to invest in its South Pars gas field was under way now that French supermajor Total left. Iranian Oil Minister Bijan Zangeneh was quoted by the official Islamic Republic News Agency as saying Total has officially quit the South Pars consortium, leaving China National Petroleum Corp. on with a 30 percent stake and Iran's Petropars with 19.9 percent. Zanganeh said the process of finding a substitute to take on Total's m ... read more

OIL AND GAS
Oil prices stuck between supply fears, slow demand
Washington (UPI) Aug 20, 2018
The price of crude oil was stable ahead of the start of U.S. trading on Monday as supply-side fears balanced concerns about growth in the global economy. ... more
OIL AND GAS
British gas basin sanctioned
Washington (UPI) Aug 20, 2018
A new source of natural gas from the British waters of the North Sea should start producing within two years, operator Premier Oil announced Monday. ... more
OIL AND GAS
Nigerian oil pipeline shut because of spill
Washington (UPI) Aug 20, 2018
An export pipeline in the Niger Delta remained closed after a subsidiary of Royal Dutch Shell said it was responding to a release of crude oil. ... more
OIL AND GAS
There are cheaters in OPEC, Iran says
Washington DC (UPI) Aug 20, 2018
The Iranian government said in a letter to OPEC that it was against protocol for other member states to take over export or production quotas of another. ... more


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OIL AND GAS
Writedowns see mining giant BHP's annual net profit sink
Sydney (AFP) Aug 21, 2018
BHP posted a 37 percent slump in annual net profit Tuesday, hurt by heavy impairment charges related to the sale of its US shale assets and costs associated with the Samarco disaster in Brazil. ... more
OIL AND GAS
U.S. oil gains offsetting OPEC losses
Washington (UPI) Aug 17, 2018
U.S. oil production is offsetting OPEC losses and keeping oil prices in check, though trends in fuel supplies are indicative of negativity, a trade group said. ... more
OIL AND GAS
Crude oil prices rebound as market tensions ease
Washington (UPI) Aug 17, 2018
Fading global trade and geopolitical concerns brought the price of crude oil back into positive territory on Friday, but look to finish the week lower. ... more
OIL AND GAS
World's biggest shipper to spin off Maersk Drilling
Washington (UPI) Aug 17, 2018
The world's biggest shipping company, A.P. Moller-Maersk, said Friday it turned in a profit, but is now spinning off its drilling unit as a standalone company. ... more
OIL AND GAS
Australian minister pushes for offshore development
Washington (UPI) Aug 17, 2018
The Australian government is committed to exploiting its offshore natural gas deposits as soon as possible, a regional minister said Friday. ... more
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OIL AND GAS
New cash will fund Canadian shale operations
Washington (UPI) Aug 17, 2018
Australian energy company Calima said Friday that investment interest was strong enough to support a robust drilling campaign in a Canadian shale basin. ... more
OIL AND GAS
US condemns Venezuela 'arbitrary' arrests over alleged attack
Washington (AFP) Aug 17, 2018
The United States on Friday condemned alleged arbitrary detentions and forced confessions by the Venezuelan government in its investigation into the failed August 4 drone "attack" on President Nicolas Maduro. ... more
OIL AND GAS
Trans Mountain pipeline construction progressing
Washington (UPI) Aug 17, 2018
The group building the Trans Mountain oil pipeline can proceed with construction of an expansion project through parts of British Columbia, a regulator said. ... more
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. ... 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


Court orders new review of Keystone XL pipeline

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
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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
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
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Ethiopia opens plant to turn waste into energy
Addis Ababa (AFP) Aug 19, 2018
Ethiopia on Sunday inaugurated a power plant which converts waste into energy, next to a filthy open-air dump in Addis Ababa where a landslide last year killed more than 110 people. Named Reppie, the facility is the first of its kind in Africa, according to the government and the British company Cambridge Industries behind the project, and will turn 1,400 tons of waste per day into energy. ... more
+ Thermal switch discovered in engineered squid-based biomaterials
+ Trees and climate change: Faster growth, lighter wood
+ 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
+ Scientists discover how to protect yeast from damage in biofuel production
Constellation begins construction on 10MW solar array in Maryland
Ocean City, MD (SPX) Aug 21, 2018
Constellation, an Exelon company, is breaking ground on a 10 megawatt (DC) solar energy project that will account for around 20 percent of the Town of Ocean City's annual energy use. Sited near the intersection of Routes 50 and 90 (about 10 miles west of downtown Ocean City), the solar array will provide energy for several of the town's key buildings, including its city hall, convention ce ... more
+ Sanjeev Gupta to build 280MW solar farm in South Australia
+ 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


Denmark gets nod for renewable energy support scheme
Washington (UPI) Aug 17, 2018
Denmark, a holdout on Russia's Nord Stream 2 gas project, has consent to move forward with renewable energy strategies, the European Commission said. The European Commission said Friday it approved of renewable energy schemes proposed by a Danish government looking to meet half of its energy needs from renewable resources by 2030 and make a complete break from fossil fuels by 2050. ... more
+ Searching for wind for the future
+ 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
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

Abrupt thaw of permafrost beneath lakes could significantly affect climate change models
Fairbanks AK (SPX) Aug 21, 2018
Methane released by thawing permafrost from some Arctic lakes could significantly accelerate climate change, according to a new University of Alaska Fairbanks-led study. The study, which was published Aug. 15 in the journal Nature Communications, focuses on the carbon released by thawing permafrost beneath thermokarst lakes. Such lakes develop when warming soil melts ground ice, causing th ... more
+ Next half-decade will be hotter than expected, climate scientists predict
+ Australia ramps up aid to farmers as drought bites
+ Leadership fears see Australia PM back away from climate targets
+ Britain's dry summer reveals ancient sites
+ 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
Tesla sues Ontario over scrapped electric car rebate
Montreal (AFP) Aug 17, 2018
US electric automaker Tesla has sued the government of Ontario, Canada, after the province scrapped a rebate initiative for purchases of electric cars, Canadian media reported Thursday. Upon assuming power last July, Premier Doug Ford's conservative government announced the end of several green energy programs, including several thousands of dollars in rebates for electric car buyers. Cu ... more
+ Musk admits exhaustion as tweet storm deepens
+ Tesla shares tumble after Musk interview sparks fresh fears
+ EV progress influenced by cobalt and lithium prices
+ Tesla board forms committee to consider going private
+ Tesla: Musk's tweet a bridge too far?
+ Elon Musk says in talks with Saudis on taking Tesla private
+ Tesla says on track for profit despite bigger 2Q loss


Iraqi girls take up swimming in IS-free Mosul
Mosul, Iraq (AFP) Aug 18, 2018
Her father and grandfather gained fame in the pool. Now, 12-year-old Rama Omar hopes to do the same - a bold move in Mosul, a former jihadist stronghold in Iraq where swimming was never for women. Even before the Islamic State group made Mosul the heart of its self-proclaimed caliphate in Iraq in 2014, conservatism and tradition in the ancient mercantile city meant its pools were only for m ... more
+ US service member killed in Iraq chopper crash
+ Iraq says six 'criminals' executed
+ 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
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
+ Koreas to shut down some border guard posts: Seoul
+ Chinese bombers likely training for US strikes: Pentagon
+ N. Korea urges Trump to be 'bold' on denuclearisation
+ Tehran museum lionises war in which Iran took on 'world'
+ Iran nuclear deal: developments since US walkout
Daily Newsletters - Space - Military - Environment - Energy

No children? Pay a tax, Chinese academics suggest
Beijing (AFP) Aug 17, 2018
Two Chinese academics have proposed a controversial idea to encourage childbirth as their country faces an ageing population: Make people with no or fewer than two children pay into a "maternity fund". The suggestion sparked a furious social media debate in a country whose population has faced drastic family planning policies under the Communist Party, which enforced a one-child policy for d ... more
+ Philippines' Duterte slams China over island-building
+ 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
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


Leonardo to deliver NH90 transport helicopters to Qatar
Washington (UPI) Aug 20, 2018
Leonardo on Monday announced a contract for the delivery of 28 NH90 medium multi-role military helicopters to the Ministry of Defense of Qatar. The order is part of a backlog production contract. Leonardo is the primary contractor for the Qatar NH90 program, which is valued at more than $3.4 billion. Leonardo is taking the lead as part of the NHI consortium. "We are proud to have ... more
+ L3 awarded contract modification for F-16A/B Block 20 Training Center
+ Boeing receives $217 million for F/A-18 spare parts
+ Sikorsky Aircraft receives contract for MH-60 naval helicopters
+ BAE wins contract for airborne countermeasure systems
+ Chinese plane slides off Manila airport runway in heavy rain
+ Metal with memory: F-18 wing fold
+ Chinese MH370 relatives ask to meet Malaysia PM
Malaysian PM to scrap China-backed $22 bn projects
Beijing (AFP) Aug 21, 2018
Malaysian Prime Minister Mahathir Mohamad confirmed during a visit to Beijing on Tuesday that three China-backed projects totalling $22 billion will be cancelled until his country can find a way to pay its debts. The projects include a railway connecting Malaysia's east coast to southern Thailand and Kuala Lumpur, and two gas pipelines. "I explained to (the Chinese leaders) why we can't ... more
+ China, US to resume trade talks in late August
+ China, US to resume trade talks in late August
+ Malaysia PM calls for China's help with fiscal problems
+ Tariffs, tariff threats, talks: Trump faces key week on trade
+ China data shows economic momentum flagging
+ Hong Kong spends $2bn to defend currency peg
+ Kazakh leader touts port on China's 'Silk Road'
Daily Newsletters - Space - Military - Environment - Energy

China rejects 'irresponsible' Pentagon report on bombers
Beijing (AFP) Aug 18, 2018
China on Saturday rejected what it called an "irresponsible" Pentagon report claiming Beijing's bombers are likely training for strikes against US and allied targets in the Pacific. The Thursday report said China was leveraging its growing military, economic and diplomatic clout to rapidly establish regional dominance, while its bombers were developing capabilities to hit targets as far from ... more
+ Trump says DC rained on military parade, will go to Paris instead
+ US will be 'good ally' to Philippines in disputed sea: official
+ 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 points at China, not Russia, on election meddling
+ Britain's RAF intercepts six Russian bombers over Black Sea


Flushed contact lenses are big source of microplastic pollution
Washington (AFP) Aug 20, 2018
Contact lenses that are flushed down the toilet or dropped in sink drains contribute vastly to microplastic pollution in the oceans, researchers warned Monday. The amount of plastic waste created by lenses and their packaging in the United States alone is equal to 400 million toothbrushes each year, said researchers at Arizona State University who described their findings at the National Mee ... more
+ Tunisia anti-litter activist takes up 300-km, 30-beach challenge
+ 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
Aid agencies rush to help survivors of deadly Lombok quakes
Sugian, Indonesia (AFP) Aug 21, 2018
Indonesian aid agencies and government officials rushed Tuesday to help survivors after another series of powerful quakes rattled Lombok island, killing at least 10 people and leaving hundreds of thousands homeless. The picturesque island next to holiday hotspot Bali was hit by two deadly quakes on July 29 and August 5. On Sunday it was shaken again by a string of fresh tremors and aftershoc ... more
+ US sanctions Myanmar military commanders over Rohingya abuses
+ Yazidi 'ex-sex slave' trapped both in Iraq and in German exile
+ Scientists Deploy Damage Assessment Tool in Laos Relief Efforts
+ Fukushima nuclear statue ignites online furore
+ Malaysia hunts for missing radioactive material
+ First reliable estimates of highly radioactive cesium-rich microparticles released by Fukushima disaster
+ For wetter or worse: Philippine bride defies storm
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