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  Washington (UPI) Oct 10, 2018 Crude oil prices plummeted again Wednesday morning despite Hurricane Michael lashing the Florida coast as a Category 4 storm. WTI crude fell $1.65 to $73 a barrel in mid-day trading, while Brent prices fell $1.59 to $83 a barrel. Where prices go next could hinges on the latest crude oil inventory report, expected to be released Wednesday by the American Petroleum Institute. Analysts surveyed by S&P Global Platts projected crude inventories would increase by 1.61 million for the w ... read more |
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Bullish on natural gas, Shell announces new North Sea investmentWashington (UPI) Oct 10, 2018 Shell United Kingdom Ltd. announced on Wednesday an investment decision in the North Sea to develop a gas field, just a day after Royal Dutch Shell CEO said the group was bullish regarding expectations of natural gas demand growth. ... more 
Pemex: Shallow water discovery may add 180 million barrels in reservesWashington (UPI) Oct 10, 2018 Mexican state oil company Pemex has confirmed discoveries of light crude oil in the country's southeast basin that could add up to 180 million barrels to its proven, probable and possible reserves of barrels of oil equivalent. ... more 
BP expects 25 percent lower oil prices after period of volatilityWashington (UPI) Oct 10, 2018 BP plans on oil prices 25 percent below current levels after short volatility period, their CEO said on Wednesday. ... more 
Sierra Leone scraps project for Chinese-built airportFreetown (AFP) Oct 11, 2018 Sierra Leone has scrapped a $400-million (347-million-euro) scheme for a Chinese-built airport, saying the project was too costly, but Beijing sought to dismiss the concerns on Thursday. ... more |
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| Previous Issues | Oct 10 | Oct 09 | Oct 08 | Oct 05 | Oct 04 |
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BP, Exxon, Equinor prep production platforms in Gulf ahead of MichaelWashington (UPI) Oct 9, 2018 BP has shut production at four platforms located near the potential path of Hurricane Michael, and Equinor and ExxonMobil cut staff to a minimum and evacuated rigs, as it moves into the northern Gulf of Mexico with an expected Wednesday landfall. ... more 
Exxon Mobil gives $1 mn to lobby for US carbon taxNew York (AFP) Oct 9, 2018 Exxon Mobil said Tuesday it would spend $1 million to support a US lobbying campaign behind a carbon tax, boosting an initiative that faces long odds in Washington in the near-term ... more 
Italy's ENI signs accord with BP, Libya to take over EPSA operationWashington DC (SPX) Oct 09, 2018 Italian oil major Eni on Monday signed an accord with BP and Libyan officials under which Eni will get a 42.5% interest in an exploration and operation sharing agreement in the North African country, as well as become operator of an area where exploratory activities were suspended four years ago. ... more 
French prosecutor demands hefty fine for cruise ship pollutionMarseille (AFP) Oct 8, 2018 French prosecutors called for a 100,000-euro fine against a US cruise ship captain and the vessel's owners for having deliberately flouted European air pollution limits. ... more 
Iran moves against banking isolation as it faces crude oil sanctionsWashington (UPI) Oct 8, 2018 Iran took a step to combat banking isolation that could hamper any future dealings with nations that currently buy its oil, the country's state agency reported. ... more |
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 U.S. could issue waivers for Iran crude; oil prices dip Monday 
Race to clean up oil spill after cargo ships collide off CorsicaMarseille (AFP) Oct 8, 2018 French and Italian civil and military teams were working to contain a spreading oil spill in the Mediterranean Monday after a container ship collision off the island of Corsica that prompted France to launch an investigation into "maritime pollution". ... more  |
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Iraqi Kurdistan struggles to rebuild tattered economySulaimaniyah, Iraq (AFP) Sept 29, 2018 The oil-rich Iraqi region of Kurdistan is struggling to rebuild its economy, a year after an ill-fated independence referendum that Baghdad deemed illegal. ... more 
After huge gains, WTI crude oil slips more than $1.50Washington (UPI) Oct 4, 2018 Oil prices lost ground Thursday morning after a rambunctious rally the day before. ... more 
Quantum mechanics work lets oil industry know promise of recovery experimentsNashville TN (SPX) Oct 04, 2018 With their current approach, energy companies can extract about 35 percent of the oil in each well. Every 1 percent above that, compounded across thousands of wells, can mean billions of dollars in ... more 
S. Arabia backs down from blocking UN climate report: sourcesIncheon, South Korea (AFP) Oct 6, 2018 Oil giant Saudi Arabia backed down at the last minute Saturday from obstructing the adoption of a major report by the UN's climate science panel, sources told AFP. ... more
Crude oil stays steady with Iranian sanctions just a month awayWashington (UPI) Oct 5, 2018 Crude oil prices stayed steady Friday after a volatile week that saw the highest prices in four years. ... more |
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 Washington (AFP) Oct 10, 2018 
The United States will raise the ethanol content level in gasoline that can be sold year round, President Donald Trump confirmed on Tuesday, delivering a win for farmers ahead of hotly contested midterm elections.
"We're going with E15 year-round," Trump told supporters at a rally in Iowa.
"Promises made, promises kept."
The decision came down squarely on the side of agriculture in a ... more |
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 Tempe AZ (SPX) Oct 08, 2018 
Experts predict that by 2050 we're going to have global broadband internet satellite networks, in-orbit manufacturing, space tourism, asteroid mining and lunar and Mars bases.
More than a gigawatt of solar energy will be needed to power these activities, or the equivalent of 3.125 million photovoltaic panels. However, because it is currently the most expensive component on a satellite, sci ... more |
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 Jiangsu, China (SPX) Oct 11, 2018 
Ouyang Offshore Co., Ltd. has launched its new-build wind turbine installation vessel, OuYang 1, at Dayang Offshore Equipment Co., Ltd.'s yard in Jiangsu, China. Further, the Chinese shipowner has awarded Aqualis Offshore a contract to supervise the construction of a second wind turbine installation vessel, OuYang 2.
The wind turbine installation vessel is a self-elevating vessel with a la ... more |
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 Paris, France (SPX) Oct 08, 2018 
The test piece machining workshop on the Le Creusot site, or CFE, has been using a latest-generation dimensional inspection tool since the spring.
A test piece is a sample of steel taken from the solid part of a forging or casting and machined to be used for the purposes of a given mechanical test. Before being sent to an in-house laboratory on the Le Creusot site - the Vulcain laboratory ... more |
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 Geneva (AFP) Oct 10, 2018  The economic cost of climate-related disasters hit $2.25 trillion over the last two decades, an increase of more than 150 percent compared to the previous 20 years, the UN said Wednesday.
The United Nations Office for Disaster Risk Reduction (UNISDR) noted that "climate change is increasing the frequency and severity of extreme weather events" such as floods and storms.
Between 1978-1 ... more |
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 Herndon VA (SPX) Oct 10, 2018 
A crash by one of Uber Technologies, Inc.'s self-driving cars earlier this year resulted in the first pedestrian death associated with self-driving technology. The incident highlighted the challenges technology companies are facing in developing software that can adequately detect and respond to hazards in the road and immediate surroundings.
The vehicle could have come to a complete stop ... more |
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 Najaf, Iraq (AFP) Oct 10, 2018 
In the covered alleyways of old Najaf in Iraq, poetry and philosophy books compete on laden shelves with economic treatises, the Koran and other theological tomes for students' attention.
Since leaving his native Bangladesh for the Shiite holy city three years ago, religious student Mohammed Ali Reda has regularly frequented secondhand bookstores.
There are many like him in Najaf.
S ... more |
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 Seoul (AFP) Oct 11, 2018 
China and Russia have backed easing sanctions on Pyongyang "at an appropriate time", as South Korea's foreign minister said Seoul was mulling lifting its own measures, threatening cracks in global restrictions on the nuclear-armed North.
Pyongyang is sanctioned under multiple UN Security Council resolutions over its weapons programmes and has repeatedly called for the measures to be loosened ... more |
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 Beijing (AFP) Oct 10, 2018 
China's ultra wealthy saw their ranks thinned this year as the trade war with the US pummelled stocks and shredded billions of dollars of paper wealth, a survey showed Wednesday.
The number of Chinese, or China-based magnates, with a net worth over 2 billion yuan ($290 million) fell by 237 to 1,893 individuals this year, according to the annual ranking compiled by Shanghai-based luxury magaz ... more |
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 Beni, Dr Congo (AFP) Oct 10, 2018  "I am always anticipating an attack," says South African soldier Maijeke of how it feels to be in DR Congo's "triangle of death", where he is part of a UN peacekeeping force helping the Congolese army hunt down a militia group that is slaughtering civilians.
There has been a recent spike in violence in this volatile eastern region of the Democratic Republic of Congo blamed on the Allied Demo ... more |
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 Fort Worth TX (SPX) Oct 10, 2018 
The U.S. Department of Defense and Lockheed Martin have finalized an $11.5 billion contract for the production and delivery of 141 F-35 aircraft at the lowest per aircraft price in program history.
For the eleventh consecutive year, the cost of an F-35A was lowered. The F-35A unit price including aircraft, engine and fee, is $89.2 million. This represents a 5.4 percent reduction from the $ ... more |
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 Nusa Dua, Indonesia (AFP) Oct 11, 2018 
The world's financial elite are gathering in the Indonesian holiday island Bali for talks with trade spats and emerging markets crises topping the agenda.
Here are some facts and figures about the high-level gathering:
- Quakes, tsunamis, volcanoes -
Disaster-prone Indonesia is no stranger to earthquakes and volcanic eruptions as the sprawling archipelago sits along the Pacific "Ri ... more |
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 Hook Of Holland, Netherlands (AFP) Oct 10, 2018  A convoy of British troops landed in The Netherlands on Wednesday en route to NATO's largest exercise since the Cold War, pledging London's commitment to defend the continent despite Brexit.
The contingent of some 150 soldiers on board 71 military vehicles rolled off a civilian passenger ferry in the Hook of Holland port after travelling overnight from Harwich.
They are embarking on the ... more |
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 London, UK (SPX) Oct 11, 2018 
The amount of plastic washing up onto the shores of remote South Atlantic islands is 10 times greater than it was a decade ago, according to new research published (8 October) in the journal Current Biology.
Scientists investigating plastics in seas surrounding the remote British Overseas Territories discovered they are invading these unique biologically-rich regions. This includes areas t ... more |
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 Rabat (AFP) Oct 10, 2018 
The Moroccan navy opened fire on a boat transporting migrants from the North African country, wounding one of them, a military source said on Wednesday.
Despite warning shots, "the motorboat that was carrying 58 migrants hidden under tarpaulin made a hostile move which forced the coastguard to fire at the captain," said the source in Rabat, who spoke on condition of anonymity.
One of the ... more |
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