Oil and Gas
Banks a ‘pipeline’ to low-carbon future
Manila (UPI) Aug 9, 2016 - Contributions from multilateral lending facilities are the pipeline to a global low-carbon future, an official at the Asian Development Bank said.
Oil and Gas
Chevron: Game up — again — in Ecuador
San Ramon, Calif. (UPI) Aug 9, 2016 - U.S. supermajor Chevron Corp. said it was victorious in a long-running legal battle against alleged misconduct in Ecuador and a fraudulent lawyer.
Oil and Gas
Chinese workers released after Nigeria kidnap
Abuja (AFP) Aug 9, 2016 - Two Chinese nationals kidnapped by gunmen near Nigeria's capital, Abuja, last weekend have been released, police said Tuesday.
Oil and Gas
Colorado voters to see oil, gas limits on ballot
Denver (UPI) Aug 9, 2016 - Colorado voters may see issues on the November ballot on oil and gas development, an issue both sides of the debate said is important for state interests.
Energy News
Low sales prices hit Czech power giant CEZ in H1
Prague (AFP) Aug 9, 2016 - European energy heavyweight CEZ said Tuesday its net profits for the first half of 2016 had fallen by 10 percent against a year ago due to a drop in energy prices.
Oil and Gas
Midwest states skew gas price average higher
Washington (UPI) Aug 9, 2016 - An issue at a BP refinery in Indiana and an uptick in road travel strained supplies, though retail prices are holding relatively stable overall, AAA said.
Oil and Gas
Oil bubble struggles to hold air
New York (UPI) Aug 9, 2016 - Oil prices were relatively flat in the early rounds of trading Tuesday as market watchers pulled back the curtain on momentum for supply and demand.
Oil and Gas
Russia sees tighter energy ties with Iran, Azerbaijan
Baku, Azerbaijan (UPI) Aug 9, 2016 - Projects meant to exploit the strategic position of the Caspian Sea and its oil and natural gas are national priorities, Azerbaijan, Iran and Russia said.
Oil and Gas
Statoil starts drilling work above Arctic Circle
Stavanger, Norway (UPI) Aug 9, 2016 - Norwegian energy company Statoil said it started drilling operations at a field above the Arctic Circle to prepare to rebuild area natural gas stocks.
Oil and Gas
Chevron wins key US appeal in Ecuador pollution case
New York (AFP) Aug 8, 2016 - Chevron scored a win Monday in US appeals court, blocking enforcement of a $9.5 billion judgment in Ecuador against the US oil giant over pollution in the South American country.
Oil and Gas
DNO shorted for Kurdish oil exports
Oslo, Norway (UPI) Aug 8, 2016 - Norwegian energy company DNO said it received from the government a partial payment for the oil it exported in June from the Kurdish north of Iraq.
Oil and Gas
Demand forecast pulls oil prices higher
New York (UPI) Aug 8, 2016 - Expectations of a rebound in demand for oil in the latter half of the year sparked a rally in crude oil prices early Monday following a week of uncertainty.
Oil and Gas
Dozens of IS oil tankers destroyed in Syria strike: US
Washington (AFP) Aug 8, 2016 - A coalition air strike destroyed 83 oil tankers used by the Islamic State group over the weekend in eastern Syria, the US military announced Monday.
Wind Daily
E.ON starts new wind farm in Texas
Amarillo, Texas (UPI) Aug 8, 2016 - German energy company E.ON said it now had more than a dozen wind farms in operation in the United States with the addition of a new asset in Texas.
Oil and Gas
German exporters say yet to see big payday from Iran trade
Berlin (AFP) Aug 8, 2016 - A hoped-for export bonanza has failed to materialise a year after a deal to lift international sanctions against Iran over its nuclear programme, a German industry association told AFP Monday.
Oil and Gas
Moroccan shale output curbed because of ‘earth movement’
Cork, Ireland (UPI) Aug 8, 2016 - A company working on production of natural gas from shale deposits in Morocco said Monday it closed down some of its operations because of seismic activity.