Oil and Gas
Oil starts February in the red
New York (UPI) Feb 1, 2016 - As was the case with the start of January, weak economic data from China led to dramatic losses for crude oil on the first full trading day of the month.
Oil and Gas
Scotland offers aid to North Sea energy workers
Aberdeen, Scotland (UPI) Feb 1, 2016 - The Scottish government announced a new fund to help oil and gas workers find jobs in other parts of the energy sector as the market downturn lingers.
Oil and Gas
Shell divesting from Malaysia
The Hague, Netherlands (UPI) Feb 1, 2016 - Royal Dutch Shell said it took in more than $60 million for the sale of a majority of its holdings in a Malaysian refining company to a national company there.
Oil and Gas
Chevron posts first loss in more than 10 years
San Ramon, Calif. (UPI) Jan 29, 2016 - U.S. energy major Chevron Corp. said fourth quarter earnings were down sharply from last year and there are few signs of relief looking ahead.
Energy Tech
Clarifying the role of magnetism in high-temperature superconductors
Tokyo, Japan (SPX) Jan 29, 2016 - A collaboration of scientists from the RIKEN SPring-8 Center, Osaka University, the Japan Atomic Energy Agency, and the Japan Synchrotron Radiation Research Institute have published research clarify
Wind Daily
Enormous blades could lead to more offshore energy in US
Albuquerque NM (SPX) Jan 29, 2016 - A new design for gigantic blades longer than two football fields could help bring offshore 50-megawatt (MW) wind turbines to the United States and the world. Sandia National Laboratories' rese
Energy Tech
Heavy fermions get nuclear boost on way to superconductivity
Houston TX (SPX) Jan 29, 2016 - In a surprising find, physicists from the United States, Germany and China have discovered that nuclear effects help bring about superconductivity in ytterbium dirhodium disilicide (YRS), one of the
Energy News
Iraq inks $328 mn deal with GE to boost power production
Baghdad (AFP) Jan 29, 2016 - Iraq has signed a $328 million deal with US company General Electric that will boost power output during peak summer months, officials said Friday, although it falls far short of the country's needs.
Oil and Gas
Lundin trims spending, but output will be higher
Stockholm, Sweden (UPI) Jan 29, 2016 - Swedish energy company Lundin Petroleum said it expected a strong production performance under a disciplined spending plan in the market downturn.
Space Scopes
NASA Webb Telescope mirrors installed with robotic arm precision
Greenbelt MD (SPX) Jan 29, 2016 - Inside a massive clean room at NASA's Goddard Space Flight Center in Greenbelt, Maryland the James Webb Space Telescope team is steadily installing the largest space telescope mirror ever. Unlike ot
Oil and Gas
Oil smiles on Bank of Japan moves
New York (UPI) Jan 29, 2016 - Crude oil prices edged higher in early Friday trading after the Bank of Japan cut interest rates, though pressure could emerge from fourth quarter earnings.
Energy Tech
Putting silicon ‘sawdust’ in a graphene cage boosts battery performance
Menlo Park CA (SPX) Jan 29, 2016 - Scientists have been trying for years to make a practical lithium-ion battery anode out of silicon, which could store 10 times more energy per charge than today's commercial anodes and make high-per
Energy News
Rapid, affordable energy transformation possible
Boulder CO (SPX) Jan 29, 2016 - The United States could slash greenhouse gas emissions from power production by up to 78 percent below 1990 levels within 15 years while meeting increased demand, according to a new study by NOAA an
Oil and Gas
Russian Central Bank sees risk from oil
Moscow (UPI) Jan 29, 2016 - The Central Bank of Russia said it was keeping its key rate unchanged, saying lower crude oil prices could lead to an accelerated rate of inflation.
Oil and Gas
Shale-rich Oklahoma funding earthquake research
Oklahoma City (UPI) Jan 29, 2016 - Mary Fallin, governor of emerging shale state Oklahoma, said she set aside more than $1 million in emergency funds to support earthquake research.
Oil and Gas
Texas to share shale strategies with Mexico
Austin, Texas (UPI) Jan 29, 2016 - Texas energy officials said they were offering advice to their Mexican counterparts on how best to create the necessary culture for potential shale exploration.