Oil and Gas
Kurds make payments for oil exports
Erbil, Iraq (UPI) Jan 6, 2016 - Energy companies working in the Kurdish north of Iraq said they've received payments from the regional government for crude oil exports.
Oil and Gas
Market fundamentals driving oil for now, analysis finds
London (UPI) Jan 6, 2016 - The glut of oil on the global market is diminishing the prospects that tensions between Iran and Saudi Arabia will cause a spike in oil prices, analysis finds.
Oil and Gas
Oil takes it on the chin with heavy losses
New York (UPI) Jan 6, 2016 - Crude oil prices suffered heavy losses in early Wednesday trading as macroeconomic concerns continued to trump worries over Middle East tensions.
Oil and Gas
Shale-rich Oklahoma facing budget crisis
Oklahoma City (UPI) Jan 6, 2016 - While emerging as a shale leader in the United States, the governor of Oklahoma said the state is facing 2016 with a major gap in its budget.
Oil and Gas
TransCanada to sue US for $15 bn over Keystone XL pipeline rejection
Montreal (AFP) Jan 6, 2016 - TransCanada said Wednesday it will sue the US government for US$15 billion for blocking its project for an oil pipeline linking Canada with the Gulf of Mexico.
Oil and Gas
TransCanada to sue US for $15 bn over pipeline rejection
Montreal (AFP) Jan 6, 2016 - TransCanada will sue the US government for US$15 billion for blocking its controversial project for an oil pipeline linking Canada with the Gulf of Mexico, the firm said on Wednesday.
Oil and Gas
U.S. shale player Pioneer expects higher output
Dallas (UPI) Jan 6, 2016 - U.S. shale player Pioneer Natural Resources said it aims to boost production by at least 10 percent and spend around $2.6 billion despite the weakened market.
Bio Fuel
EU probes UK aid to convert huge coal power plant to biomass
Brussels (AFP) Jan 5, 2016 - The EU launched an investigation Tuesday into whether British government aid to convert the giant Drax power station from coal to more environmentally friendly biomass breaches the bloc's state aid rules.
Oil and Gas
Gas prices stay below $2 per gallon
Washington (UPI) Jan 5, 2016 - An abundant supply of crude oil means U.S. motorists could continue to enjoy the economic benefits of lower retail gasoline prices, market analysis find.
Energy News
Global electricity production vulnerable to climate and water resource change
Vienna, Austria (SPX) Jan 05, 2016 - Climate change impacts and associated changes in water resources could lead to reductions in electricity production capacity for more than 60% of the power plants worldwide from 2040-2069, according
Energy Tech
Hoverboard sparks house fire in Australia
Sydney (AFP) Jan 5, 2016 - An Australian family home was gutted when a hoverboard caught fire as it was charging, officials said Tuesday.
Bio Fuel
IU scientists create ‘nano-reactor’ for the production of hydrogen biofuel
Bloomington IN (SPX) Jan 05, 2016 - Scientists at Indiana University have created a highly efficient biomaterial that catalyzes the formation of hydrogen - one half of the holy grail of splitting H2O to make hydrogen and oxygen for
Oil and Gas
Oil prices turn lower as attention turns to China
New York (UPI) Jan 5, 2016 - Global economic concerns moved to the forefront on the second trading day in 2016, erasing oil price gains sparked Monday by tensions in the Middle East.
Oil and Gas
Oklahoma proposes oil restrictions after quakes
Oklahoma City (UPI) Jan 5, 2016 - A state regulator in Oklahoma said it was proposing new plans for how oil and gas operators work in shale basins given the recent occurrence of earthquakes.
Oil and Gas
Putin reviews environmental agenda
Moscow (UPI) Jan 5, 2016 - Weeks after a breakthrough U.N. agreement on climate issues, Russian President Vladimir Putin said next year would be the year of the environment in Russia.
Oil and Gas
Statoil awards $1.2 billion in offshore contracts
Stavanger, Norway (UPI) Jan 5, 2016 - Norwegian energy company Statoil said it awarded contracts worth an estimated $1.2 billion for work on the country's continental shelf.