Oil and Gas
Oil lower on U.S. jobs data
New York (UPI) Feb 08, 2016 - Crude oil prices turned modestly lower at the opening bell Friday after reports showed the U.S. labor sector is starting to cool down.
Oil and Gas
Rig contract cancelled for Transocean
Zug, Switzerland (UPI) Feb 8, 2016 - Rig company Transocean said Monday its contract for the Discoverer Deep Seas rig in the Gulf of Mexico was canceled nine months early.
Oil and Gas
Total gas moves in North Sea praised
London (UPI) Feb 8, 2016 - A move by French energy company Total to start gas production from the North Sea is welcome news for an industry under pressure, Oil & Gas U.K. said Monday.
Oil and Gas
U.S. rig count drops 8 percent
Houston (UPI) Feb 08, 2016 - The total number of rigs actively exploring for or producing oil and gas in the United States dropped more than 8 percent, Baker Hughes reports.
Oil and Gas
Wood Mac: Production not fading with oil prices
Houston (UPI) Feb 08, 2016 - Despite the dramatic decline in crude oil prices since mid-2014, consultant group Wood Mackenzie finds production has yet to see significant curtailments.
Oil and Gas
Is lignin the crude oil of the future? Maybe so, thanks to the Sun and photocatalysts
Warsaw, Poland (SPX) Feb 05, 2016 - Is lignin the crude oil of the future? Maybe so, thanks to the Sun and photocatalysts! We associate refineries with crude oil and a dense tangle of technical fittings. They may, however, change in t
Oil and Gas
Chevron reports minor spill in the Philippines
Manila (UPI) Feb 4, 2016 - Chevron confirmed its Philippines subsidiary suffered a spill during the loading of fuel, but noted the leak was fully contained within hours of the incident.
Energy News
Chinese utility makes major acquisition in German energy sector
Frankfurt (AFP) Feb 4, 2016 - Beijing Enterprises, a Chinese public utilities provider, is to acquire German energy group EEW for 1.44 billion euros ($1.6 billion) in one of the biggest-ever direct investments by China in Germany, EEW's owners said on Thursday.
Oil and Gas
Conoco trims dividends, Shell earnings down 80 percent
Houston (UPI) Feb 4, 2016 - It's unclear how long the oil market will remain suppressed so the best course of action is to cut back and wait for recovery, Conoco Phillips said Thursday.
Oil and Gas
EU still net energy importer
Brussels (UPI) Feb 4, 2016 - Members of the European Union imported more than half of their energy in 2014, data from the region's statistics office showed.
Wind Daily
Germany aims to build wind energy reputation
Hamburg, Germany (UPI) Feb 4, 2016 - German energy company E.ON said Thursday its Amrumbank West wind farm in the North Sea was now servicing the nation's energy grid.
Energy Tech
Helping turn waste heat into electricity
Washington DC (SPX) Feb 04, 2016 - At the atomic level, bismuth displays a number of quirky physical phenomena. A new study reveals a novel mechanism for controlling the energy transfer between electrons and the bismuth crystal latti
Oil and Gas
Market is brutal, Weatherford says
Baar, Switzerland (UPI) Feb 4, 2016 - Noting the brutality of the oil sector downturn, field services company Weatherford International said it was looking to trim up to 6,000 jobs.
Oil and Gas
Oil prices up in volatile trading
New York (UPI) Feb 4, 2016 - Crude oil prices moved in volatile territory Thursday after a string of poor earnings reports balanced against ongoing rumors of potential production cuts.
Oil and Gas
Statoil cuts spending to prepare for rebound
Stavanger, Norway (UPI) Feb 4, 2016 - Norwegian energy company Statoil said Thursday it was cutting spending for the year in an effort to position its portfolio for growth once the market recovers.
Oil and Gas
Total lands Chinese LNG deal
Paris (UPI) Feb 4, 2016 - French energy company Total said Thursday it signed a breakthrough binding agreement for the delivery of liquefied natural gas to the Chinese market.