Oil and Gas
London pressed to ban fracking
London (UPI) Feb 5, 2015 - An environmental advocacy group said it's time for the British government to follow its peers and enact a moratorium on hydraulic fracturing.
Oil and Gas
Lower 48 oil production declines
Washington (UPI) Feb 5, 2015 - Total U.S. oil production declined by about one half of one percent for the week ending Jan. 30, with output from the Lower 48 slowing down, data show.
Oil and Gas
Philippines urges China to show respect in South China Sea
Manila (AFP) Feb 5, 2015 - The Philippines accused China on Thursday of ramming Filipino fishing boats off a disputed shoal in the South China Sea, and demanded its powerful neighbour respect its sovereignty over the potential flashpoint territory.
Oil and Gas
Russia’s Support of Assad Flexible if Saudis Promise to Cut Oil Output
Moscow, Russia (Sputnik) Feb 05, 2015 - Russia's support of Syrian President Bashar Assad could be swayed if Saudi Arabia promises to cut oil output, as it will lead to higher oil prices profitable for the Russian economy, experts told Sp
Oil and Gas
Booz Allen Hamilton expands into Asia
Singapore (UPI) Feb 4, 2015 - U.S. consulting company Booz Allen Hamilton has established an office in Singapore to oversee company business in the Asia-Pacific region.
Oil and Gas
Chinese oil company cutting spending
Beijing (UPI) Feb 4, 2015 - China National Offshore Oil Corp. is working to control costs in its 2015 development plan in response to falling oil prices, its financial officer said.
Oil and Gas
EPA wants further review of Keystone XL
Washington (UPI) Feb 4, 2015 - A statement from the EPA on how low oil prices may influence decisions on Keystone XL pipeline ruffled feathers, with the industry crying foul.
Bio Fuel
Biologists partner bacterium with nitrogen gas to make cleaner bioethanol
Bloomington IN (SPX) Feb 04, 2015 - Indiana University biologists believe they have found a faster, cheaper and cleaner way to increase bioethanol production by using nitrogen gas, the most abundant gas in Earth's atmosphere, in place
Oil and Gas
Kremlin denies it’s in oil talks with Riyadh
Moscow (UPI) Feb 4, 2015 - There's no validity to reports Saudi Arabia may be discussing oil production cuts with Russia in exchange for concessions on Syria, an official said Wednesday.
Oil and Gas
Oil prices pull back from recent gains
New York (UPI) Feb 4, 2015 - Oil prices early in the Wednesday session pulled back from recent gains as concerns about volatility linger in the marketplace for crude.
Oil and Gas
U.S. refinery strike not impacting operations
Austin, Texas (UPI) Feb 4, 2015 - A strike at U.S. refineries by the United Steelworkers union isn't curbing operations at the affected plants, a monitoring group said.
Oil and Gas
AAA: Gas prices rising, but pain less severe
Washington (UPI) Feb 3, 2015 - While it's not uncommon for retail gasoline prices in the United States to spike 30 cents in February, motor club AAA said prices will remain at historic lows.
Oil and Gas
BP works on strategic reset
London (UPI) Feb 3, 2015 - British energy company BP is entering a reset phase focused on streamlined spending in the low oil price climate, Chief Executive Bob Dudley said Tuesday.
Bio Fuel
Cyanobacterium found in algae collection holds promise for biotech applications
St. Louis MO (SPX) Feb 03, 2015 - Cyanobacteria, bacteria that obtain their energy through photosynthesis, are of considerable interest as bio-factories, organisms that could be harnessed to generate a range of industrially useful p
Oil and Gas
Low oil prices threaten EU border economies
Washington (UPI) Feb 3, 2015 - The fall in oil prices may help short-term, but deflationary pressures are expected to spill out of the borders of countries in the eurozone, the IMF said.
Oil and Gas
Oil price rally continues
New York (UPI) Feb 3, 2015 - Crude oil prices continued their rally Tuesday, with West Texas Intermediate moving above $50 per barrel on signs of more cuts in corporate spending.