Oil and Gas
Moody’s: No long-term oil threat for Canada
New York (UPI) Nov 2, 2015 - Canadian provinces may miss their short-term budget targets because of lower oil prices, though balance is expected long term, Moody's said.
Oil and Gas
North Dakota shows 3 percent increase in rig activity
Bismarck, N.D. (UPI) Nov 2, 2015 - In a further sign the worst may be over for North Dakota, the state reported an increase in the number of rigs exploring for or producing oil and natural gas.
Oil and Gas
Oil prices subdued in Asia on weak China manufacturing
Singapore (AFP) Nov 2, 2015 - Oil prices were subdued in Asia Monday on data showing that the key manufacturing sector in China, the world's top energy consumer, shrank in October for the third straight month.
Wind Daily
Scotland hosting new type of offshore wind program
Aberdeen, Scotland (UPI) Nov 2, 2015 - The Scottish government said it granted a license to the operators of what Edinburgh said may be the world's largest offshore floating wind energy development.
Oil and Gas
Shell starts November with asset sales
The Hague, Netherlands (UPI) Nov 2, 2015 - After reporting heavy losses for the third quarter, Royal Dutch Shell said Monday it sold off stakes in Chinese and French holdings in the downstream sector.
Oil and Gas
US military wasted $43 mn on useless gas station: watchdog
Washington (AFP) Nov 2, 2015 - The US military used $43 million of taxpayer dollars for a natural gas station in northern Afghanistan that should have cost just $500,000, the government watchdog for reconstruction in the war-torn country said Monday.
Oil and Gas
West Africa drawing oil interest
Melbourne (UPI) Nov 2, 2015 - West Africa continues drawing interest from explorers, with Australia's FAR Ltd. announcing the start of work in a basin in Senegal described as world class.
Energy News
Climate pledges keep ‘door open’ to warming under 2C
Berlin (AFP) Oct 30, 2015 - Carbon-cutting pledges from 146 nations for a universal climate rescue pact leave the door open to capping global warming below the danger threshold, the United Nations said Friday, a month ahead of crunch talks in Paris.
Oil and Gas
Conoco producing more in over-supplied market
Houston (UPI) Oct 30, 2015 - Nearly across the board, ConocoPhillips reported net production for the third quarter increased at a time when oversupplies are hurting corporate profits.
Oil and Gas
Crude oil prices steady early Friday
New York (UPI) Oct 30, 2015 - Crude oil prices stood pat in early Friday trading, as a midweek rally was offset by lingering concerns of macroeconomic growth and geopolitical issues.
Oil and Gas
Exxon boasts of balance during downturn
Irving, Texas (UPI) Oct 30, 2015 - U.S. supermajor Exxon Mobil said declines in its exploration and production operations were offset by gains downstream, where lower prices actually helped.
Oil and Gas
Industry lobbies for Atlantic drilling
Richmond, Va. (UPI) Oct 30, 2015 - Industry supporters have started an ad blitz in southern U.S. states, arguing offshore oil and gas exploration can exist side-by-side with the environment.
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.