Oil and Gas
Expert: Gazprom facing dual containment
Moscow (UPI) Jul 23, 2015 - Russian energy ambitions may be contained by European political and Asian diversification schemes, a strategic studies researcher said.
Oil and Gas
Friends and foes debate U.S. energy landscape
Washington (UPI) Jul 23, 2015 - The American Petroleum Institute said there is still more work to do as U.S. lawmakers work to craft legislation that matches the shale energy landscape.
Oil and Gas
Iran deal fuels tussle for gas pipelines in Pakistan
Islamabad (AFP) July 23, 2015 - A landmark deal on Iran's nuclear programme has breathed new life into plans for a gas pipeline through Pakistan - and sparked a geopolitical tussle, with Russia looking to expand its influence, observers say.
Oil and Gas
Oil down, but not out, amid glimmers of hope
New York (UPI) Jul 23, 2015 - Crude oil prices held steady in early Thursday trading amid continuing signs of a strong U.S. labor market, though major indices remain considerably weak.
Oil and Gas
Rig company Hercules posts heavy quarterly loss
Houston (UPI) Jul 23, 2015 - Low crude oil prices suggest activity in the exploration and production side of the energy sector will stay depressed, U.S. rig company Hercules Offshore said.
Oil and Gas
Shell still on arctic hot seat, advocacy group says
(UPI) Junau, Alaska (UPI) Jul 23, 2015 - Legal counsel for advocacy group Oceana said that, while pressure hasn't stopped Shell's slow march to arctic oil, feet can be still held to the fire.
Energy News
Zimbabwe company inks $1.1bn thermal power deal with China
Harare (AFP) July 23, 2015 - A Zimbabwean company on Thursday signed a $1.1 billion agreement with the China State Construction Engineering Corporation (CSCEC) to build a 600-megawatt thermal power plant, a move expected to ease power cuts in the country.
Oil and Gas
China has drilling rigs close to disputed waters: Japan
Tokyo (AFP) July 22, 2015 - China has put 16 drilling rigs close to its de facto maritime border with Japan, Tokyo said Wednesday, in the latest twist in a row over gas fields in waters disputed by the two countries.
Oil and Gas
EU extends loan to assist with Ukrainian reforms
Brussels (UPI) Jul 22, 2015 - The European Commission said Wednesday it agreed to extend financial assistance to Ukraine, a key energy transit country, to help with economic reforms.
Energy News
Economic slump, not natural gas boom, responsible for drop in CO2
Irvine CA (SPX) Jul 22, 2015 - The 11 percent decrease in climate change-causing carbon dioxide emissions in the U.S. between 2007 and 2013 was caused by the global financial recession - not the reduced use of coal, research from
Oil and Gas
Murkowski breaks rank on oil tie to highway funding
Washington (UPI) Jul 22, 2015 - Sen. Lisa Murkowski, a vocal supporter of the oil industry, said selling oil from strategic national reserves to fund highway projects was bad policy.
Oil and Gas
Oil prices lower on weak sentiment
New York (UPI) Jul 22, 2015 - Signs that oil markets are weighted on the supply side and lingering uncertainty about price trajectories send crude oil prices lower in Wednesday trading.
Oil and Gas
Shallow fracking raises questions for water
Stanford CA (SPX) Jul 22, 2015 - The United States now produces about as much crude oil as Saudi Arabia does, and enough natural gas to export in large quantities. That's thanks to hydraulic fracturing, a mining practice that invol
Energy News
Spanish energy company Iberdrola surviving downturn
Madrid (UPI) Jul 22, 2015 - Spanish energy group Iberdrola said Wednesday its profits for the first six months of 2015 were up more than 7 percent from the same time last year.
Oil and Gas
U.S. reminds rail companies of oil rules
Washington (UPI) Jul 22, 2015 - Companies sending oil from the Bakken shale reserve area by rail are reminded of their responsibility to give advance traffic notices, a federal regulator said.
Oil and Gas
AAA: U.S. retail gasoline market volatile
Washington (UPI) Jul 21, 2015 - A stable national retail average price for a gallon of gasoline is masking volatility in some U.S. sectors brought on by refinery issues, motor club AAA said.