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  Washington (UPI) Aug 21, 2018 Even though it turned in a loss for the first half of the year, Aberdeen-based energy services company Wood said it was riding a wave of market recovery The company, formally Wood Group, reported a $52 million loss for the first six months of the year. Net debt, not counting the load carried by its joint venture partners, more than tripled to $1.6 billion. Total revenue, however, improved 13 percent and the company said other performance indicators were at the upper end of its guidance r ... read more |
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Relief at the gas pump finally comingWashington (UPI) Aug 21, 2018 U.S. consumer demand for gasoline is slowing down and that should start bringing relief to travelers ahead of the next major holiday, analysts said. ... more 
Crude oil prices jump on signs of declining inventoriesWashington (UPI) Aug 21, 2018 Expiring futures contracts and forecasts of a drain on commercial crude oil inventories in the world's leading economy sent oil prices higher early Tuesday. ... more 
Alaska still has a long oil life aheadWashington (UPI) Aug 21, 2018 A market research report from consultant group IHS Markit found crude oil production from the late-stage Alaska North Slope could increase by 40 percent. ... more 
Ghana takes big step by tapping its own natural gasWashington (UPI) Aug 21, 2018 The power sector in Ghana for the first time is getting gas from its own offshore reserves, marking the start of 15 years of stability, a commodity group said. ... more |
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| Previous Issues | Aug 21 | Aug 20 | Aug 17 | Aug 16 | Aug 15 |
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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 
Australian minister pushes for offshore developmentWashington (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 
New cash will fund Canadian shale operationsWashington (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 
US condemns Venezuela 'arbitrary' arrests over alleged attackWashington (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 
Trans Mountain pipeline construction progressingWashington (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 |
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 Crude oil prices barely recover after Wednesday's loss 
North Sea oil and gas find bigger than expectedWashington (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  |
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Court orders new review of Keystone XL pipelineWashington (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 
DNO pays out first dividend in 13 yearsWashington (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 
Cash flow soars for Russia's Gazprom NeftWashington (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 
Australian oil discovery a likely game changerWashington (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 
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 |
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 Nottingham UK (SPX) Aug 22, 2018 
Researchers have found that seawater can replace freshwater to produce the sustainable fuel Bioethanol, reducing the need to drain precious resources.
The study - 'The establishment of a marine focused biorefinery for bioethanol production using seawater and a novel marine yeast strain' - has been published in Scientific Reports and was carried out by researchers at the University of Notti ... more |
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 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 |
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 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.
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 Paris (SPX) Aug 22, 2018 
Over the last weeks, a heat wave has broken temperature records notably in Scandinavia and the British Isles. As a consequence, conventional and nuclear power plants (NPPs) in Europe have been forced to reduce electricity generation because of an increase in cooling water temperatures.
Nuclear power plants in France, Finland, Sweden and Germany have also been affected by this situation, wh ... more |
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 Fairbanks AK (SPX) Aug 22, 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 |
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 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 |
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 Baghdad (AFP) Aug 20, 2018  A US service member was killed and several other troops injured when their helicopter crashed during anti-jihadi operations in Iraq, officials said Monday.
The crash appeared to have been accidental, as there were no indications it was caused by hostile fire, Pentagon spokesman Colonel Rob Manning said.
A statement from the US-led coalition that is helping Iraqi partners fight the Islam ... more |
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 Seoul (AFP) Aug 21, 2018 
North and South Korea have agreed to close some guard posts along their border on a trial basis, Seoul's defence minister told parliament Tuesday amid a rapid diplomatic thaw.
The Demilitarized Zone that has divided the peninsula since the end of the Korean War in 1953 is, despite its name, one of the most fortified places on earth, with the areas on either side of it bristling with minefiel ... more |
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 Los Angeles (AFP) Aug 20, 2018  A Chinese national has been missing for five weeks after being abducted in California by three men demanding a $2 million ransom, the FBI revealed on Monday.
Ruochen "Tony" Liao, 28, who worked at a luxury car dealership in Costa Mesa, was kidnapped on July 16 in the city of San Gabriel by three men riding in two black vehicles, Laura Eimiller, spokeswoman for the FBI office in Los Angeles, ... more |
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 Moscow (AFP) Aug 21, 2018 
Moscow and the Central African Republic signed a military cooperation agreement on Tuesday, less than a month after three Russian journalists were killed in the strife-torn CAR while probing alleged Russian mercenaries.
Russian Defense Minister Sergei Shoigu and his CAR counterpart Marie-Noelle Koyara signed the document on the sidelines of defense expo Army-2018 outside Moscow, Russian agen ... more |
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 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 |
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 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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 Colombo (AFP) Aug 21, 2018 
Japan has pledged to help strengthen Sri Lanka's maritime security, authorities said Tuesday, in a new sign of efforts to counter China's strategic grip on the Indian Ocean island.
President Maithripala Sirisena thanked Japan's Defence Minister Itsunori Onodera for donating two coast guard patrol craft costing over $11 million in total, his office said in a statement after talks in Colombo. ... more |
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 Sydney (AFP) Aug 22, 2018 
In a small shop along one of Sydney's busiest streets, Sarah Freeman is encouraging Australians to slow down and break their addiction to fast fashion.
Shocked by the speed at which Australians buy and throw away cheap garments, she is trying to harness an ancient concept - libraries - to persuade shoppers to rent instead of purchase clothes.
"Today's society just seem to wear clothes ... more |
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 Greenbelt MD (SPX) Aug 22, 2018 
The July 23 failure of the Xepian-Xe Nam Noy hydropower dam unleashed more than 130 billion gallons of water on rural villages in southern Laos, in Southeast Asia, devastating thousands of houses and businesses and displacing more than 6,000 people. As authorities scrambled to gather information in the wake of the disaster, scientists at NASA's Goddard Space Flight Center in Greenbelt, Maryland, ... more |
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