Oil and Gas
Oil storage data drives prices lower
New York (UPI) Aug 20, 2015 - Crude oil prices moved lower with the U.S. benchmark moving toward the $40 mark Thursday, though signs continue to indicate economic recovery.
Oil and Gas
Russia’s Lukoil sells Kazakhstan stake to China’s energy giant
Moscow (AFP) Aug 20, 2015 - Russia's largest private oil firm Lukoil has sold some of its Kazakhstan stakes to China's energy giant Sinopec for $1.09 billion, the company said Thursday.
Oil and Gas
U.S. Gulf still national energy priority
New Orleans (UPI) Aug 20, 2015 - While low interest in a lease for oil and gas drillers in the U.S. Gulf of Mexico was expected in this market, the region is still a priority, an official said.
Energy Tech
NASA funds development of a better battery for space exploration
College Park MD (SPX) Aug 20, 2015 - A research team from the University of Maryland Energy Research Center (UMERC) has been awarded $1 million in NASA funding for its Garnet Electrolyte Based Safe, Lithium-Sulfur Energy Storage projec
Oil and Gas
Weak oil market drags on Norway’s economy
Oslo, Norway (UPI) Aug 20, 2015 - The Norwegian government said Thursday its economy, as measured by gross domestic product, was weakened because of the depressed oil market.
Oil and Gas
British shale company nabs more acreage
London (UPI) Aug 19, 2015 - British shale natural gas pioneer Cuadrilla Resources said it was awarded two new licenses to explore the reserve potential in Yorkshire.
Energy News
Climate: China’s emissions overestimated, says study
Paris (AFP) Aug 19, 2015 - The United Nations and other international bodies have vastly overestimated China's greenhouse gas emissions over the last decade or more, according to a study released Wednesday.
Oil and Gas
Crude oil prices fall despite positive economic news
New York (UPI) Aug 19, 2015 - Crude oil prices again moved lower at the start of trading Wednesday despite positive signs from the Greek and Chinese economies.
Oil and Gas
Kremlin: No word yet on Turkish gas pipeline
Moscow (UPI) Aug 19, 2015 - A source close to Russian energy ministry discussions told state media there are no proposals in the Kremlin from Turkey on a proposed natural gas pipeline.
Oil and Gas
Low interest in Gulf of Mexico energy auction
New Orleans (UPI) Aug 19, 2015 - Though only five energy companies submitted bids for new acreage in the U.S. Gulf of Mexico, the industry said offshore interest was an economic priority.
Oil and Gas
Revenue cut by pipeline attacks, Kurdish government says
Erbil, Iraq (UPI) Aug 19, 2015 - The Kurdish government said theft and sabotage targeting an oil pipeline running to the Turkish sea port of Ceyhan has cost it around half a billion dollars.
Oil and Gas
Wood Mackenzie: Mexico oil swaps only slight U.S. move
Houston (UPI) Aug 19, 2015 - Approval for oil swaps with Mexico opens the spigot for U.S. crude oil, but might not be the export indication supporters hope for, an industry analyst said.
Bio Fuel
BESC creates microbe that bolsters isobutanol production
Oak Ridge TN (SPX) Aug 18, 2015 - Another barrier to commercially viable biofuels from sources other than corn has fallen with the engineering of a microbe that improves isobutanol yields by a factor of 10. The finding of the Depart
Oil and Gas
BP’s Whiting outage behind end to gas price slump
Washington (UPI) Aug 18, 2015 - An outage at BP's refinery in Whiting, Ind., pushed retail gasoline prices up for nearly a week straight, snapping a 27-day streak of declines, AAA said.
Energy Tech
Drexel engineers ‘sandwich’ atomic layers to make new materials for energy storage
Philadelphia PA (SPX) Aug 18, 2015 - The scientists whose job it is to test the limits of what nature - specifically chemistry - will allow to exist, just set up shop on some new real estate on the Periodic Table. Using a method they i
Oil and Gas
In split with Obama, Clinton opposes Arctic drilling
Washington (AFP) Aug 18, 2015 - Breaking with the president she hopes to succeed, Hillary Clinton expressed her opposition Tuesday to Arctic oil exploration, one day after the US government approved Shell's exploratory drilling in Alaskan waters.