Oil and Gas
U.S. sees LNG as a way to contain Russia
Washington (UPI) Nov 15, 2017 - A national defense measure passed in the U.S. House of Representatives aims to promote energy trade in Europe as a means to contain Russia.
Oil and Gas
Spain awarded 1.6 bln euros over Prestige oil spill
Madrid (AFP) Nov 15, 2017 - A court awarded the Spanish state 1.6 billion euros ($1.9 billion) in damages on Wednesday over the 2002 Prestige oil spill, one of Europe's worst environmental disasters.
Oil and Gas
Fossil fuel investment spells ‘unsustainable future’: UN chief
Bonn (AFP) Nov 15, 2017 - Continued investment in fossil fuel would deliver an unsustainable future, UN chief Antonio Guterres warned Wednesday, saying time was running out to prevent calamitous climate change caused by atmosphere-fouling emissions.
Oil and Gas
Asia stocks down as plunging oil prices hammer energy firms
Hong Kong (AFP) Nov 15, 2017 - Asian energy firms extended a global sell-off Wednesday, dragging regional equity markets, as oil prices continued to tumble on the back of warnings of slowing demand and rising stockpiles.
Oil and Gas
BP learning to do more with less
Washington (UPI) Nov 15, 2017 - British energy company BP said it's learning to do more with less, noting spending is moving lower even with plans to add more barrels to production by 2020.
Oil and Gas
Iran reports strong gains in tax revenue from oil sales
Washington (UPI) Nov 15, 2017 - Tax revenue generated from the sale of crude oil and oil products increased more than 80 percent from last year, the Central Bank of Iran reported Wednesday.
Bio Fuel
To find new biofuel enzymes, it can take a microbial village
Berkeley CA (SPX) Nov 15, 2017 - A new study led by researchers at the Department of Energy's Joint BioEnergy Institute (JBEI), based at Lawrence Berkeley National Laboratory (Berkeley Lab), demonstrates the importance of microbial
Oil and Gas
Venezuela in ‘selective default’, signs debt deal with Russia
Moscow (AFP) Nov 15, 2017 - Venezuela signed a debt restructuring deal with major creditor Russia on Wednesday, a diplomatic source told AFP, as ratings agencies declared Caracas in partial default.
Oil and Gas
Emirati oil production could increase by 1 million bpd
Washington (UPI) Nov 14, 2017 - Oil production from a field tapped from artificial islands off the Emirati coast could jump to 1 million barrels per day by 2024, partners said Tuesday.
Oil and Gas
Eni to examine underexplored oil and gas potential offshore Oman
Washington (UPI) Nov 14, 2017 - Italian energy company Eni said Tuesday it signed an agreement to look at the potential for oil and gas in an underexplored area off the coast of Oman.
Oil and Gas
Environmentalists take Norway to court over Arctic drilling
Oslo (AFP) Nov 14, 2017 - Representatives for Norway, western Europe's biggest oil producer, appeared in an Oslo court on Tuesday after environmental groups including Greenpeace brought a case over drilling in the Arctic.
Oil and Gas
Gas prices unseasonably high, but relief coming
Washington (UPI) Nov 14, 2017 - Retail gasoline prices continue to put a strain on consumer pocket books late in the season, though relief is around the corner, a market report found.
Oil and Gas
Russia’s Rosneft pays Iraqi Kurdistan $1.3 bn advance
Moscow (AFP) Nov 14, 2017 - Russian oil giant Rosneft said Tuesday it had paid authorities in Iraqi Kurdistan an advance of $1.3 billion as part of production sharing deals that have angered Baghdad.
Energy Tech
Scientists make progress in quest for fusion energy
Washington (UPI) Nov 14, 2017 - Creating fusion energy presents a variety of challenges, but researchers at Texas A&M University are closer to besting at least of the obstacles.
Oil and Gas
Moody’s: Noble Group could be broke in a year
Washington (UPI) Nov 14, 2017 - Weak quarterly results suggest commodity trader Noble Group may go broke within the next year even as it sells off its assets, Moody's Investors Service said.
Oil and Gas
China downplays Venezuela debt risks
Beijing (AFP) Nov 14, 2017 - China said Tuesday that cooperation with Venezuela on its massive loans was proceeding smoothly, voicing confidence that Caracas can handle its debt problems even as the South American country descended towards selective default.