Oil and Gas
Brent crude oil breaks through $50
New York (UPI) Aug 18, 2016 - Brent crude oil prices were on pace to hold above the psychological threshold of $50 per barrel as bullish sentiments gained momentum early Thursday.
Oil and Gas
Continental Resources sells acreage to balance books
Oklahoma City (UPI) Aug 18, 2016 - The estimated $222 million received from the sale of shale acreage in North Dakota and Montana will help balance the books, Continental Resources said.
Oil and Gas
DNO touts advantage of merging with Gulf Keystone Petroleum
Oslo, Norway (UPI) Aug 18, 2016 - If accepted, a merger with Gulf Keystone Petroleum, an Iraqi-focused company, would provide an advantage in terms of reserves, Norway's DNO said.
Energy Tech
Down to the wire: ONR researchers and new bacteria
Arlington VA (SPX) Aug 18, 2016 - Scientists sponsored by the Office of Naval Research (ONR) have genetically modified a common soil bacteria to create electrical wires that not only conduct electricity, but are thousands of times t
Oil and Gas
Gulf of Mexico still essential for energy
Washington (UPI) Aug 18, 2016 - The deep waters of the U.S. Gulf of Mexico continue to be one of the more prolific sources of oil and natural gas, the federal government said.
Energy News
New residential water heater concept promises high efficiency, lower cost
Oak Ridge TN (SPX) Aug 18, 2016 - A team of scientists from the Department of Energy's Oak Ridge National Laboratory and the University of Florida has developed a novel method that could yield lower-cost, higher-efficiency systems f
Oil and Gas
Nigerian oil output may stay low through 2017
Washington (UPI) Aug 18, 2016 - Nigerian crude oil production will likely remain suppressed by militant activity at least through next year, a report from the U.S. government said.
Oil and Gas
Oil now flowing from offshore Ghana
London (UPI) Aug 18, 2016 - One of the bigger oil projects off the coast of West Africa has started production from a floating facility offshore Ghana, Tullow Oil announced Thursday.
Bio Fuel
South American Egg Producer Invests in German Energy Plant Technology
Vechta, Germany (SPX) Aug 18, 2016 - WELTEC BIOPOWER will shortly start building an anaerobic digestion plant for Colombia's largest egg producer. The 800-kW biogas plant is to go live in early 2017. In terms of the feedstock input, th
Energy News
Warming climate likely to have ‘minor’ impact on power plant output
Durham NC (SPX) Aug 18, 2016 - Future climate warming will likely cause only minor cuts in energy output at most U.S. coal- or gas-fired power plants, a new Duke University study finds. The study - the first of its kind bas
Oil and Gas
BP reaches new heights offshore Azerbaijan
Baku, Azerbaijan (UPI) Aug 17, 2016 - A BP subsidiary working in the Caspian Sea announced it reached a landmark for oil pulled from Azeri waters with its 3 billionth barrel.
Energy Tech
Enhanced electron doping on iron superconductors discovered
Seoul, South Korea (SPX) Aug 17, 2016 - The IBS research team headed by the associate director of CCES, KIM Chang Young, presented the possibility of unifying theories to explain the working mechanism of iron- based superconductors. Their
Oil and Gas
Indonesia says oil tanker ‘taken by crew’ not hijacked
Jakarta (AFP) Aug 17, 2016 - An oil tanker carrying 900,000 litres of diesel, believed hijacked in Malaysia, has been taken back to Indonesia by its crew following a commercial dispute, the Indonesian navy said Wednesday.
Oil and Gas
Iran reviewing oil swaps with Caspian neighbors
Tehran (UPI) Aug 17, 2016 - Halted since 2012, Iran aims to resume oil swaps with its neighbors sharing borders with the Caspian Sea, a northern Iranian oil terminal agency said.
Oil and Gas
Methane leaks: A new way to find and fix in real time
Ann Arbor MI (SPX) Aug 17, 2016 - Researchers have flown aircraft over an oil and gas field and pinpointed - with unprecedented precision - sources of the greenhouse gas methane in real time. The technique led to the detection
Oil and Gas
More North Sea oil pending
London (UPI) Aug 17, 2016 - Sending samples off to a Scottish testing site is an important step in confirming millions of barrels of oil for development, a North Sea-focused company said.