Oil and Gas
U.S. oil price up from six-year low
New York (UPI) Mar 24, 2015 - U.S. dollar movements and economic signals from China helped push crude oil prices above the recent floor in early trading Tuesday.
Oil and Gas
100,000 Layoffs and Counting: Is this the New Normal
London, UK (SPX) Mar 23, 2015 - This time a year ago, the oil industry's biggest problem was finding a way to deal with the retirement tsunami about to crash down on it as older oilfield workers hung up their cork boots to enjoy
Oil and Gas
China’s Sinopec net profit slumps nearly 30% in 2014
Shanghai (AFP) March 23, 2015 - Chinese energy giant Sinopec said net profit slumped 29.7 percent in 2014, blaming a precipitous drop in global crude oil prices and issuing a first-quarter profit warning.
Oil and Gas
Iran expecting economic growth
Tehran (UPI) Mar 23, 2015 - As nuclear negotiations resume in earnest, the Iranian finance minister said the economy should continue to expand for the Islamic republic.
Oil and Gas
New 450-kW gas cogeneration system to debut in Japan
Tokyo, Japan (SNX) Mar 23, 2015 - Mitsubishi Heavy Industries, Ltd. ( MHI) and Toho Gas Co., Ltd. have jointly developed a new 450- kilowatt (kW) gas cogeneration system to be launched into the Japanese market by both companies on A
Oil and Gas
North Sea tax policies short-sighted, Scotland says
Edinburgh, Scotland (UPI) Mar 23, 2015 - The North Sea energy sector has paid a heavy price because of the policies embraced by the British government, Scotland's deputy first minister said Monday.
Oil and Gas
Oil prices falter as OPEC stands firm
New York (UPI) Mar 23, 2015 - Crude oil prices drifted lower in early Monday trading as markets remain tilted toward the supply side and OPEC shows no signs of drawing down.
Oil and Gas
Russian currency stabilizing despite oil’s fade
Moscow (UPI) Mar 23, 2015 - The value of the Russian currency has stabilized despite the fading of the February rally in crude oil prices, the Russian finance minister said.
Oil and Gas
Sanctions push Total towards China to finance Russia project: report
Paris (AFP) March 23, 2015 - French energy company Total is seeking the equivalent of up to $15 billion from Chinese investors to finance its part of the development of a giant gas field in Russia due to US sanctions, the Wall Street Journal reported Monday.
Oil and Gas
Saudi king invites Iraq PM to visit as ties thaw
Baghdad (AFP) March 23, 2015 - Iraqi Prime Minister Haider al-Abadi received an invitation from King Salman to visit Saudi Arabia, as relations between the two nations improve, the premier's office said.
Oil and Gas
Sinopec facing era of slower growth
Beijing (UPI) Mar 23, 2015 - China Petroleum & Chemical Corporation said the slowdown in the Chinese economy and the low price of crude oil means major challenges ahead in 2015.
Energy Tech
Superconductivity breakthroughs
Saskatoon, Canada (SPX) Mar 23, 2015 - The Canadian research community on high-temperature superconductivity continues to lead this exciting scientific field with groundbreaking results coming hot on the heels of big theoretical question
Oil and Gas
US gas boom slashes gas prices
Washington DC (SPX) Mar 23, 2015 - The recent shale gas boom (fracking) in the United States has been beneficial to the economy, dropping natural gas prices 47 percent compared to what the price would have been prior to the frackin
Oil and Gas
U.S. lifts threat warning in Saudi Arabia
Riyadh, Saudi Arabia (UPI) Mar 23, 2015 - The U.S. Embassy in Riyadh said it resumed consular services in Saudi Arabia nearly two weeks after threats to Western oil workers surfaced.
Energy Tech
You can’t play checkers with charge ordering
Toronto, Canada (SPX) Mar 23, 2015 - CIFAR fellows were among physicists who observed the shape of a strange phenomenon that interferes with high-temperature superconductivity called charge ordering, discovering that it is stripy, not
Bio Fuel
Chinese airline completes cooking oil fuel flight
Shanghai (AFP) March 21, 2015 - A Chinese airline on Saturday completed the country's first commercial flight using biofuel, made from waste cooking oil, as the government seeks to promote greater environmental sustainability.