Oil and Gas
Japan’s recession big drag on oil prices
New York (UPI) Nov 17, 2014 - Government data showing the Japanese economy slipped unexpectedly into recession battered crude oil prices in Monday trading.
Oil and Gas
Kabul, Islamabad pursue gas pipeline connections
Islamabad (UPI) Nov 17, 2014 - Islamabad thanks the leadership in Kabul for putting renewed emphasis behind a multilateral gas pipeline from Turkmenistan, the Pakistani prime minister said.
Oil and Gas
Norway’s Statoil pegs future to East African gas
Stavanger, Norway (UPI) Nov 17, 2014 - Norwegian energy company Statoil said Monday it was putting an emphasis on natural gas developments in sub-Saharan Africa.
Oil and Gas
Repsol could start exploring for oil in Canary Island on Tuesday
Madrid (AFP) Nov 17, 2014 - Spanish energy firm Repsol will on Tuesday start prospecting for oil in the waters off the Canary Islands if the weather permits, a company spokesman said, despite objections from environmentalists and the local government.
Oil and Gas
UN targets oil trucks to cut off Islamist revenues
United Nations, United States (AFP) Nov 17, 2014 - A UN report is recommending the seizure of all oil tanker trucks leaving Islamist-controlled territory in Iraq and Syria to cut off millions of dollars from crude sales now bankrolling the jihadists.
Oil and Gas
China to double Iran energy investment: official
Tehran (AFP) Nov 16, 2014 - China will double its investment in Iran's energy projects, an Iranian official said Sunday, ahead of a deadline for a deal with world powers over Tehran's nuclear programme.
Oil and Gas
Greenpeace activist hurt in clash over Canaries oil exploration
Madrid (AFP) Nov 15, 2014 - A Greenpeace activist was hurt Saturday in a confrontation with the Spanish navy that intervened during fresh protests against a controversial oil exploration project in waters off the Canary Islands.
Oil and Gas
Iraq forces break jihadist siege of main oil refinery
Kirkuk, Iraq (AFP) Nov 15, 2014 - Iraqi forces broke the Islamic State group's months-long siege of the country's largest oil refinery Saturday as America's top officer flew in to discuss the expanding war against the jihadists.
Oil and Gas
Cutting Islamic State oil wealth difficult, RAND scholar says
Washington (UPI) Nov 14, 2014 - It's unclear how well non-military means in Iraq and Syria will diminish the revenue base for the Islamic State, a scholar from RAND Corp. testified.
Oil and Gas
Early Signs Of A Pullback In Drilling Activity
Washington DC (SPX) Nov 14, 2014 - By Nick Cunningham of Oilprice.com With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent sin
Oil and Gas
Halliburton has no comment on Baker Hughes acquisition
Houston (UPI) Nov 14, 2014 - Oil services company Halliburton refused to comment Friday on the potential acquisition of rival Baker Hughes, though Baker did confirm preliminary discussions.
Energy Tech
New battery could propel the renewable energy market
Boston (UPI) Nov 14, 2014 - One of the largest obstacles to the viability of renewable energy, like wind and solar power, is the process of storing and transporting the power once the energy's been converted to electricity. That obstacle has shrunk in recent years, as technology has improved.
Oil and Gas
Putin: No problems for oil company Rosneft
Moscow (UPI) Nov 14, 2014 - Russian energy company Rosneft is in good shape as the nation's economy starts shifting its focus to Asia, Russian President Vladimir Putin said Friday.
Oil and Gas
Shell challenges Amnesty International oil spill report
Abuja, Nigeria (UPI) Nov 14, 2014 - Responding to an Amnesty International report, a Shell spokesman said Friday the company aims to compensate all Nigerians genuinely affected by oil spills.
Stellar Chemistry
The Answer is Blowing in the Intergalactic Wind
Toronto, Canada (SPX) Nov 14, 2014 - Astronomers from the University of Toronto and the University of Arizona have provided the first direct evidence that an intergalactic wind is stripping galaxies of star-forming gas as they fall i
Oil and Gas
U.N.: Iraqi, Kurdish oil deal good first step
Erbil, Iraq (UPI) Nov 14, 2014 - An interim agreement to settle internal oil issues in Iraq was met with widespread praise, though the Kurdish government said it wasn't ceding control.