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  Shanghai (AFP) Aug 30, 2018 China's biggest oil producer PetroChina said Thursday its net profit more than doubled in the first half of the year as global crude prices soared. Net profit surged 113.7 percent from the same period last year to 27.1 billion yuan ($4.0 billion), the company said in a statement to the Hong Kong Stock Exchange, where it is listed. PetroChina, 86 percent-owned by its unlisted and government-controlled parent China National Petroleum Corp (CNPC), said the profit surge was due to the rise in crude ... read more |
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Crude oil rises on news of decline in U.S. inventoriesWashington (UPI) Aug 30, 2018 Crude oil futures moved upward on Thursday after news of a decline in U.S. oil inventories, and analysts' wait-and-see approach to Iranian threats to leave the 2015 nuclear deal. ... more 
Water pollution lays waste to Iraq's oil-rich southBasra, Iraq (AFP) Aug 31, 2018 Younes Selim clutches his stomach in pain at a hospital in southern Iraq, one of thousands to fall ill in a region flush with oil but desperately short of drinking water. ... more 
Injection wells can induce earthquakes miles away from the wellSanta Cruz CA (SPX) Aug 31, 2018 A study of earthquakes induced by injecting fluids deep underground has revealed surprising patterns, suggesting that current recommendations for hydraulic fracturing, wastewater disposal, and geoth ... more 
Chinese airlines' profit hit by fuel costs, weak yuanShanghai (AFP) Aug 31, 2018 China's major airlines mostly saw their earnings battered in the first half of the year as a weaker Chinese yuan and higher fuel prices offset steadily rising passenger traffic. ... more |
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| Previous Issues | Aug 30 | Aug 29 | Aug 28 | Aug 27 | Aug 24 |
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Iraq short on spare gas and diesel suppliesWashington (UPI) Aug 29, 2018 The federal Iraqi government can't distribute oil products to the Kurdish north of Iraq because it can barely satisfy its own demand, a ministry official said. ... more 
Equinor identifies Brazil as a core area of focusWashington (UPI) Aug 29, 2018 After expressing concern about the long-term future offshore Norway, energy major Equinor said Wednesday that Brazil's energy sector was now a core area. ... more 
Petronas wades into Gambian watersWashington (UPI) Aug 28, 2018 Malaysian energy company PETRONAS is funding 80 percent of the costs to drill into an emerging oil basin off the coast of Gambia, a project developer stated. ... more 
Experts: Gas prices should rise over Labor Day holidayWashington (UPI) Aug 28, 2018 Expect to see U.S. gas prices increase ahead of the long Labor Day holiday weekend, but higher prices at the pump might not last, analysts said. ... more
Oil market gets slight boost from North American tradeWashington (UPI) Aug 28, 2018 Tepid enthusiasm over a U.S.-Mexican trade proposal made for a modest rally in crude oil prices ahead of the opening bell in New York on Tuesday. ... more |
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 U.S. energy sector eager for Mexican trade specifics 
Exxon drills deep for Australian natural gasWashington (UPI) Aug 28, 2018 A subsidiary of Exxon Mobil said it's started the search for new sources of natural gas by drilling two new wells off the coast of Australia. ... more  |
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Equinor: We need big investments now offshore NorwayWashington (UPI) Aug 28, 2018 Companies invested in the oil and gas sector offshore Norway said Tuesday that the time to invest is now as the region faces a period of field maturation. ... more 
Brazil deploys military to boost security at Venezuela borderBrasilia (AFP) Aug 29, 2018 Brazilian President Michel Temer signed a decree Tuesday to send the army to "guarantee law and order" on the border with crisis-hit Venezuela after recent violent clashes. ... more 
In India, Shell agrees to buy LNG from TotalWashington (UPI) Aug 27, 2018 French supermajor Total stated Monday it could capture value from its assets in India with an LNG divestment and product sales agreement with Shell. ... more 
Oil prices flat on light trading and OPEC waitingWashington (UPI) Aug 27, 2018 Oil prices were flat ahead of the start of U.S. trading on Monday as investors waited for word on output from the Organization of Petroleum Exporting Countries. ... more 
Norwegian energy companies spar over board seatsWashington (UPI) Aug 27, 2018 Norwegian energy company DNO lashed out Monday at regional counterpart Faroe Petroleum for brushing off a request for more board representation. ... more |
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 Washington DC (SPX) Aug 30, 2018 
Imagine throwing your empty plastic water bottle into a household composting bin that breaks down the plastic and produces biogas to help power your home. Now, researchers have taken an early step toward this futuristic scenario by showing that certain blends of bioplastics can decompose under diverse conditions. They report their results in the ACS journal Environmental Science and Technology. ... more |
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 Boston MA (SPX) Aug 30, 2018 
Ian Marius Peters, now an MIT research scientist, was working on solar energy research in Singapore in 2013 when he encountered an extraordinary cloud of pollution. The city was suddenly engulfed in a foul-smelling cloud of haze so thick that from one side of a street you couldn't see the buildings on the other side, and the air had the acrid smell of burning. The event, triggered by forest fire ... more |
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 Washington (UPI) Aug 29, 2018 
After tapping all of its near-shore capacity for wind, Norwegian certification body DNV GL said it would help China develop additional power resources offshore.
Huadong Engineering Corp. has contracted DNV GL, the Norwegian-based housing for independent energy experts and a certification body, to provide technical training and feasibility studies for an offshore wind farm.
"The c ... more |
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 Johannesburg (AFP) Aug 27, 2018 
South Africa confirmed on Monday it had scrapped plans to build a series of nuclear power stations, burying one of former president Jacob Zuma's most controversial policies.
Zuma's nuclear expansion plan was a key battleground for control over South Africa's finances, with his opponents accusing him of seeking a deal that could have bankrupted the country to enrich his allies.
Zuma, whos ... more |
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 Paris (AFP) Aug 24, 2018  Once-a-century rains that have pounded the Indian state of Kerala and displaced 1.3 million people are in line with the predictions of climate scientists, who warn that worse is to come if global warming continues unabated.
The monsoon rains upon which farmers in the southwestern state depend for their food and livelihoods dumped two-and-a-half times the normal amount of water across the sta ... more |
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 Ottawa (AFP) Aug 28, 2018 
US electric automaker Tesla has won a lawsuit against Canada's most populous province of Ontario after its new government scrapped a rebate initiative for electric car purchases.
The Electric and Hydrogen Vehicle Incentive Program, launched by the previous Ontario Liberal administration, offered rebates of up to Can$14,000 (US$11,000) on qualifying vehicles.
But the program was scrapped ... more |
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 Ramadi, Iraq (AFP) Aug 29, 2018 
A suicide bomber killed at least 11 people in Iraq on Wednesday in an attack that underscored the threat still posed by the Islamic State group despite a string of defeats.
The assailant blew up a vehicle at a checkpoint on the outskirts of Al-Qaim, one of the last towns in Iraq to be recaptured from IS, near the Syrian border.
Five members of the security forces were among 11 people kil ... more |
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 The Hague (AFP) Aug 29, 2018 
Iran told the UN's top court Wednesday that "time is running out" for its people as they suffer economic turmoil that Tehran blames on renewed US sanctions.
Iran was making its closing arguments in a challenge to the sanctions at the International Court of Justice in The Hague.
US President Donald Trump reimposed the sanctions after pulling out of a multilateral 2015 accord in May.
I ... more |
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 Edinburgh (AFP) Aug 29, 2018 
Chinese author Yan Lianke, whose works are banned in his heavily censored homeland, has urged world leaders not to shy away from confronting China about its human rights record.
Yan, who offers frank portrayals of Chinese life prompting years of state censorship, said leaders flocking to China have become too focused on economic ties.
The 60-year-old novelist told AFP that Beijing needs ... more |
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 Nairobi (AFP) Aug 29, 2018 
Five Kenyan soldiers were killed and 10 injured Wednesday when their vehicle hit a landmine on a road in a coastal area close to the Somali border.
"Soldiers operating in Lamu County, while on a humanitarian civil assignment to fetch and distribute water to the residents in the area, hit an Improvised Explosive Device (IED)," the military said in a statement.
It said five soldiers "succu ... more |
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 Washington (UPI) Aug 29, 2018 
Airmen and soldiers strengthened their parachute drop skill sets last week in a joint mission known as Exercise Predictable Iron at Pope Field, N.C.
Airmen of the 62nd Airlift Wing participated in a joint exercise with the 82nd Airborne Division, practicing parachute drops of personnel and equipment from two C-17 Globemaster III aircraft manned by crews from the 7th and 8th Airlift Squa ... more |
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 Shanghai (AFP) Aug 30, 2018  Chinese banking giant ICBC, the world's biggest bank by assets, posted solid profit growth for the first half of the year Thursday but warned that the US-China trade war could pose risks.
Net profit for Industrial & Commercial Bank of China climbed almost five percent to 160.4 billion yuan ($23.5 billion) between January and June compared to the same period last year, the bank said in a stat ... more |
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 Paris (AFP) Aug 28, 2018  President Emmanuel Macron suffered a major political blow Tuesday as his popular environment minister resigned live on radio - without informing the French leader beforehand.
Nicolas Hulot, one of the most respected members of the cabinet among the French public, took even his interviewers by surprise on the France Inter radio station when announcing his move.
"I am taking the decision ... more |
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 Washington DC (SPX) Aug 31, 2018 
When it comes to aerosol pollution, as the old real estate adage says, location is everything.
Aerosols are tiny particles that are spewed into the atmosphere by human activities, including burning coal and wood. They have negative effects on air quality - damaging human health and agricultural productivity.
While greenhouse gases cause warming by trapping heat in the atmosphere, som ... more |
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 Vienna (AFP) Aug 30, 2018  EU foreign policy chief Federica Mogherini on Thursday said the bloc and its member states would seek to find "practical solutions" to ensure its migrant rescue operation continues to fight human trafficking in the Mediterranean.
Rome has asked the European Union to modify the rules of the Sophia mission - currently commanded by Italy - and rotate the ports where migrants rescued at sea ca ... more |
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