Oil and Gas
Malaysia could capitalize on oil prices
Washington (UPI) May 11, 2018 - Malaysia's new government will need to act quickly to capitalize on any economic momentum from higher crude oil prices, an analyst said.
Energy Tech
Heat and sound wave interactions in solids could run engines, refrigerators
West Lafayette, IN (SPX) May 11, 2018 - A solid can serve as a medium for heat and sound wave interactions just like a fluid does for thermoacoustic engines and refrigerators - resulting in leak-free machines that can stay operating longe
Oil and Gas
Wood Group reaping benefits from merger
Washington (UPI) May 11, 2018 - The team up with energy services company Amec Foster Wheeler is expected to yield significant benefits in the year ahead, British firm Wood Group said.
Oil and Gas
Oil prices stuck in a holding pattern Friday
Washington (UPI) May 11, 2018 - Crude oil prices were stuck in something of a holding pattern on Friday as the needle for geopolitical risk spins with no clear direction.
Oil and Gas
Texas rig activity up by more than 30 percent
Washington (UPI) May 11, 2018 - Already home to about half of all the rig activity in the country, the Texas state government reported drilling permits jumped more than 30 percent.
Oil and Gas
Riyadh offers oil assurances after U.S. walkout on JCPOA
Washington DC (UPI) May 10, 2018 - With the United States reneging on the Iranian nuclear deal, Saudi Arabia is committed to ensuring oil market stability, its energy ministry said. I do not believe that continuing to provide J
Oil and Gas
Expect more oil from Angola
Washington DC (UPI) May 10, 2018 - Reaching a production plateau off the coast of Angola stabilizes output at more than 150,000 barrels of oil per day, Italian energy company Eni said. The company said Wednesday it reached a pr
Oil and Gas
TechnipFMC: LNG work an emerging boon
Washington (UPI) May 10, 2018 - The increased activity in the liquefied natural gas market bodes well for services companies that cater to onshore and offshore work, TechnipFMC stated.
Oil and Gas
Namibia emerging as next West African oil frontier
Washington (UPI) May 10, 2018 - Taking a stake in a deepwater oil prospect off the Namibian coast gives shareholders standing next to the biggest players, Canadian-focused Calima Energy said.
Oil and Gas
There may be some oil wiggle room on Iran
Washington (UPI) May 10, 2018 - Though as much as 1 million barrels per day could be limited with the U.S. pullout of the Iranian deal, there could be some wiggle room, analysis found.
Oil and Gas
More gas coming from mega field offshore Egypt
Washington (UPI) May 10, 2018 - Natural gas production from the largest field ever discovered off the coast of Egypt is on pace for a 9 percent increase in output, Italy's Eni said Thursday.
Oil and Gas
Citing geopolitical risk, U.S. raises oil price forecast
Washington (UPI) May 10, 2018 - A forecast for a $7 per barrel increase in the average price for oil this year was made before the U.S. left the Iranian nuclear deal, the government said.
Oil and Gas
Oil prices respond to U.S. move on Iran with surge
Washington DC (UPI) May 10, 2018 - Crude oil prices were moving sharply higher Wednesday after the U.S. decision to leave the Iranian nuclear accord, though assurances were quick to emerge. President Donald Trump on Tuesday sig
Energy Tech
Revealing the mysteries of superconductors
Ames IA (SPX) May 10, 2018 - The U.S. Department of Energy's Ames Laboratory has successfully demonstrated that a new type of optical magnetometer, the NV magnetoscope, can map a unique feature of superconductive materials that
Oil and Gas
Alberta steers funds toward oil sands emissions cuts
Washington (UPI) May 9, 2018 - Alberta's oil-rich economy can have it both ways through a multimillion dollar effort to cut emissions from oil sands production, ministers said.
Oil and Gas
Norway opens offshore areas to bidders
Washington (UPI) May 9, 2018 - Norway's energy minister said Wednesday that bidders are invited to submit their applications for new oil and gas acreage on the Norwegian continental shelf.