Oil and Gas
PetroChina frets over future growth
Beijing (UPI) Oct 30, 2015 - Net profits are expected to decrease significantly if crude oil prices remain low during the fourth quarter, one of China's largest producers warned.
Energy Tech
Smart Home Revenues to Reach $100 Billion by 2020
Hampshire, UK (SPX) Oct 30, 2015 - New data from Juniper Research has found that consumer spend on Smart Home services, including entertainment, health, energy and home automation will reach $100 billion by 2020, well over twice the
Oil and Gas
South African waters drawing in energy companies
Stavanger, Norway (UPI) Oct 30, 2015 - Southern African waters drew more interest from energy explorers with Norway's Statoil and Italy's Eni wading into Mozambique waters.
Oil and Gas
US firm ordered to pay more over China oil spill: court
Shanghai (AFP) Oct 30, 2015 - A Chinese court has ordered US oil giant ConocoPhillips to pay additional compensation to 21 fishermen over an oil spill more than four years ago, a statement said Friday.
Oil and Gas
Canada’s Suncor producing more oil
Calgary, Alberta (UPI) Oct 29, 2015 - Canadian oil company Suncor said production for the third quarter was up 9 percent year-on-year at a time when surplus is driving industry profits down.
Energy Tech
Climate Summit can’t overlook China’s support of global coal power
Princeton NJ (SPX) Oct 29, 2015 - When global leaders converge on Paris on Nov. 30 for the 2015 United Nations climate change conference, their goal will be to deliver an agreement that, for the first time, seeks to safeguard the Ea
Oil and Gas
Eni: $55 per barrel oil what we need
Milan, Italy (UPI) Oct 29, 2015 - Italian energy company Eni said it would be able to cover its operational plans for 2015 assuming an average oil price of around $55 per barrel.
Oil and Gas
New European gas line inching forward
Baar, Switzerland (UPI) Oct 29, 2015 - A pipeline consortium planning to send more non-Russian gas to the European market said it was on pace to start consortium by next year.
Oil and Gas
New oil production begins in Gulf of Mexico
Houston (UPI) Oct 29, 2015 - The Big Bend project, a new single-well field online in the Gulf of Mexico, is on pace to reach maximum output before the end of November, Noble Energy said.
Oil and Gas
Norway looks for silver lining in weak oil climate
Oslo, Norway (UPI) Oct 29, 2015 - Though lower crude oil prices continue to drag on the Norwegian economy, the government said it expects some form of recovery by late 2016.
Oil and Gas
Oil mixed after Fed decision
New York (UPI) Oct 29, 2015 - Crude oil prices started Thursday in the black, riding the momentum sparked by sentiment from the U.S. Federal Reserve that economic activity was expanding.
Oil and Gas
On the road to ANG vehicles
Berkeley CA (SPX) Oct 29, 2015 - With new makes of all-electric and hybrid automobiles seeming to emerge as fast as the colors of fall, it is easy to overlook another alternative to gasoline engines that could prove to be a major p
Oil and Gas
Shell mulls options offshore Alaska
The Hague, Netherlands (UPI) Oct 29, 2015 - Despite regulatory and exploration setbacks for the arctic waters off the coast of Alaska, Royal Dutch Shell said it was keen on protecting its regional assets.
Oil and Gas
Statoil makes debut in South Africa
Stavanger, Norway (UPI) Oct 29, 2015 - Norwegian energy company Statoil said that, for the first time ever, it was studying the potential reserves off the coast of South Africa.
Oil and Gas
Anadarko drilling for less in U.S. shale
Houston (UPI) Oct 28, 2015 - While taking a hefty loss for the quarter, U.S. oil and gas company Anadarko Petroleum said it was able to improve costs at operations in domestic shale basins.
Oil and Gas
Canadian market forces Shell’s hand
Calgary, Alberta (UPI) Oct 28, 2015 - An uncertain market and the lack of infrastructure needed to move Canadian oil to the global market means it's time to scrap an Alberta oil project, Shell said.