Oil and Gas
Budget for shale-rich Oklahoma disappoints
Washington (UPI) May 25, 2017 - A budget proposal on the table for 2018 in shale-rich Oklahoma leaves the state with too many funding gaps, Gov. Mary Fallin said.
Oil and Gas
Iran networking with energy companies from Vienna
Washington (UPI) May 25, 2017 - Iranian officials in Vienna worked the sidelines at a meeting Thursday to discuss possible gas development deals with European companies, state media reported.
Oil and Gas
Russian oil company reports higher production
Washington (UPI) May 24, 2017 - With a decision looming on extending an OPEC-led effort to curb production, Russian oil producer Gazprom Neft said output was higher than last year.
Oil and Gas
IEA: U.S. shale oil production growth ‘impressive’
Washington (UPI) May 24, 2017 - Cost savings and technological improvements have contributed to the impressive growth from U.S. shale oil, the International Energy Agency said.
Oil and Gas
Trump budget not a hit for some oil-rich states
Washington (UPI) May 24, 2017 - A White House budget proposal was critiqued by Republicans and Democrats alike from oil-rich states despite calls to balance the books with crude oil sales.
Oil and Gas
Iranian bank opens its first branch in Italy
Washington (UPI) May 24, 2017 - An Iranian bank sanctioned by the U.S. Treasury Department has opened its first branch in Italy, Iranian state media reported Wednesday.
Oil and Gas
British petrochemicals company INEOS expands oil and gas holdings
Washington (UPI) May 24, 2017 - British petrochemicals company INEOS said Wednesday it built up its oil and gas business with a $1 billion purchase of assets from DONG Energy.
Oil and Gas
New North Sea production to start in June
Washington (UPI) May 24, 2017 - The Norwegian government said Wednesday it gave its consent to energy company Statoil for the June start of new oil and gas production from a North Sea field.
Oil and Gas
Rally in oil prices stumbles ahead of pivotal OPEC meeting
Washington (UPI) May 24, 2017 - Uncertainty about what happens next with an OPEC-led production cut and lower-than-expected supply drains pushed oil prices lower early Wednesday.
Oil and Gas
Balanced U.S. budget depends on part on sale of strategic oil reserves
Washington (UPI) May 23, 2017 - President Donald Trump's plan to sell off strategic oil reserves to balance the budget will take careful planning to avoid hurting oil prices, analysis finds.
Energy Tech
Better cathode materials for lithium-sulphur-batteries
Berlin, Germany (SPX) May 23, 2017 - At present, lithium batteries are one of the best solutions for storing electrical power in a small space. Lithium ions in these batteries migrate from the anode to the opposite electrical pole, the
Energy Tech
How scientists turned a flag into a loudspeaker
East Lansing MI (SPX) May 23, 2017 - A paper-thin, flexible device created at Michigan State University not only can generate energy from human motion, it can act as a loudspeaker and microphone as well, nanotechnology researchers repo
Oil and Gas
U.S. gasoline needs lower on improved fuel economy
Washington (UPI) May 23, 2017 - Improved fuel economies for light-duty vehicles in the United States means gasoline demand could trend lower, a federal brief published Tuesday found.
Oil and Gas
Holiday demand, high oil prices working against drivers
Washington (UPI) May 23, 2017 - Stronger expected demand moving into the long U.S. holiday weekend and higher crude oil prices means consumers are paying more for gas, AAA finds.
Oil and Gas
OPEC-member Kuwait says oil prices won’t spike
Washington (UPI) May 23, 2017 - While there's broad support for extending the effort to balance the market through production declines, Kuwait's oil minister said oil prices shouldn't spike.
Oil and Gas
OPEC chatter pulls oil out of big overnight slump
Washington (UPI) May 23, 2017 - Crude oil prices were pulling back toward even in early Tuesday trading, after U.S. budget moves balanced against OPEC narratives.