Oil and Gas
U.S. rig count up 4 percent
Houston (UPI) Feb 7, 2017 - The number of rigs actively exploring for or producing oil or gas in the United States was up 4.4 percent year-on-year in January, Baker Hughes reported.
Energy News
Climate change may overload US electrical grid: study
Miami (AFP) Feb 6, 2017 - As the planet warms due to climate change and hot days become more common, the US electrical grid could be unable to meet peak energy needs by century's end, researchers warned Monday.
Oil and Gas
Delek completes grab of North Sea player Ithaca
Tel Aviv, Israel (UPI) Feb 6, 2017 - Delek Group, an Israeli energy company, said Monday it put more than $520 million on the table to take over rival oil producer Ithaca Energy Inc.
Oil and Gas
North American activity pulls oil prices lower
New York (UPI) Feb 6, 2017 - Number-crunching on the managed decline agreement from OPEC and a rise in North American drilling put pressure on oil prices early Monday.
Oil and Gas
Norway’s offshore service sector unites
Stavanger, Norway (UPI) Feb 6, 2017 - Maneuvering through a weakened energy sector by joining forces is a necessary step for Norway's offshore service vessel market, executives said.
Oil and Gas
Russia predicts oil price ceiling at $60 per barrel
Moscow (UPI) Feb 6, 2017 - Oil prices might not break through a ceiling of $60 per barrel before 2019 and continue to present risks to Russia's economy, the Finance Ministry said.
Oil and Gas
U.S. isolating itself, deputy Iranian petroleum minister says
Tehran (UPI) Feb 6, 2017 - It's Washington that sidelined U.S. energy companies from taking part in any upcoming contract talks for Iran, not Tehran, a petroleum minister said.
Oil and Gas
Audit leaves Johan Svedrup estimate unchanged
Stavanger, Norway (UPI) Feb 3, 2017 - Though it remains one of the larger prospects in the North Sea, appraisal data of the Johan Sverdrup field yielded no change in reserve estimates, Oslo said.
Oil and Gas
Iran thumbs nose at Washington on oil
Tehran (UPI) Feb 3, 2017 - Iran is still able to get its crude oil to the international market and increase production despite souring U.S. relations, an Iranian official said Friday.
Oil and Gas
More gas from North Sea for Statoil
Stavanger, Norway (UPI) Feb 3, 2017 - Norwegian energy company Statoil said Friday it found more gas in part of a field it discovered two years ago in the North Sea.
Oil and Gas
Oil spill threatens India’s nesting turtles
Hundreds of students and fishermen were working Friday to clean up an oil spill on India's southern coast that campaigners say threatens the turtles that nest there every year.
Energy Tech
Researchers flip script for Li-Ion electrolytes to simulate better batteries
Oak Ridge TN (SPX) Feb 03, 2017 - Ever since Italian physicist Alessandro Volta invented the first battery out of a stack of copper and zinc disks separated by moistened cardboard, scientists have been searching for better battery m
Oil and Gas
Russia keeps key rate unchanged
Moscow (UPI) Feb 3, 2017 - An expectation of slow growth despite better-than-expected recovery on the bank of an oil price rebound in 2016 means stable rates, Russia's Central Bank said.
Oil and Gas
SocGen: U.S. oil market a bit bearish; Iran tensions lift prices slightly
New York (UPI) Feb 3, 2017 - The U.S. crude oil market is turning bearish as stockpiles build up in response to rising imports, a review of data from Societe Generale said.
Energy Tech
Toward all-solid lithium batteries
Boston MA (SPX) Feb 03, 2017 - Most batteries are composed of two solid, electrochemically active layers called electrodes, separated by a polymer membrane infused with a liquid or gel electrolyte. But recent research has explore
Oil and Gas
Vitol claims first for gas offshore Ghana
Accra, Ghana (UPI) Feb 3, 2017 - The christening of a floating production platform in Ghana could mark the dawn of a new era from its natural resource economy, energy company Vitol said.