Oil and Gas
Crude oil prices slide on last day of 2014
New York (UPI) Dec 31, 2014 - Crude oil prices were pummeled in the early Wednesday session on dueling reports showing growing evolution in the U.S. oil market.
Oil and Gas
Russia takes more action to prop up ruble
Moscow (UPI) Dec 31, 2014 - With low oil prices and Western sanctions taking their toll, the Central Bank of Russia said it was forced to take action to keep the national currency stable.
Oil and Gas
UN sees ‘limited’ impact of Bangladesh’s Sundarbans oil spill
Dhaka (AFP) Dec 31, 2014 - United Nations experts said Wednesday they found limited immediate impact on the ecosystem of the world's largest mangrove forest in Bangladesh after a major oil spill early in December.
Oil and Gas
U.S. clears Texas LNG export terminal
Washington (UPI) Dec 31, 2014 - U.S. federal regulators said they authorized Cheniere Energy, a liquefied natural gas pioneer, to move forward with its export terminal in Texas.
Oil and Gas
U.S. oil export policies increasingly fluid
Washington (UPI) Dec 31, 2014 - A company planning exports of so-called condensate from the United States said it's operating according to precedent, though laws may be on the cusp of change.
Oil and Gas
Venezuelan economy slips into recession
Caracas, Venezuela (UPI) Dec 31, 2014 - Venezuelan President Nicolas Maduro said he'd unveil economic reform efforts next year as an economy linked strongly to oil prices slips into recession.
Wind Daily
295 MW German wind farm ready to go
Essen, Germany (UPI) Dec 30, 2014 - German renewable energy company RWE Innogy said all 48 turbines at the Nordsee Ost wind farm off the German coast are in place.
Tech Space
Atom-high steps halt oxidation of metal surfaces
Binghamton, NY (SPX) Dec 30, 2014 - In the race to design the world's first universal quantum computer, a special kind of diamond defect called a nitrogen vacancy (NV) center is playing a big role. NV centers consist of a nitrogen ato
Oil and Gas
Baker Hughes: U.S. rig count up from last year
Houston (UPI) Dec 30, 2014 - The number of rigs actively exploring for or producing U.S. oil and gas reserves was down short term, but still up year-on-year, Baker Hughes reported.
Oil and Gas
Gazprom Neft hails oil success in Iraq
Moscow (UPI) Dec 30, 2014 - Russian oil company Gazprom Neft said a third well now in service at the Badra oil field in Iraq ensures a production level of at least 15,000 barrels per day.
Oil and Gas
Gazprom buys out South Stream partners
Moscow (UPI) Dec 30, 2014 - Russian energy company Gazprom said it signed agreements with former joint venture partners to take full ownership of the South Stream gas pipeline group.
Energy News
House vows to deliver on energy promises
Washington (UPI) Dec 30, 2014 - House Republicans will work to create the architecture of abundance needed to take advantage of North American energy leadership, a lawmaker said.
Oil and Gas
Libya pro-government forces shoot down militia chopper
Benghazi, Libya (AFP) Dec 30, 2014 - A Libyan jet shot down a militia helicopter Tuesday after Islamist-led fighters launched air strikes on a key oil terminal in the east of the country, a military spokesman said.
Oil and Gas
British energy players facing tight purse strings
London (UPI) Dec 29, 2014 - Companies listed on the London exchange that were set up to exploit higher oil and gas prices are running out of cash, analysis published Monday finds.
Oil and Gas
Car bomb near Syria gas plant kills 9: monitor
Beirut (AFP) Dec 29, 2014 - A car bomb explosion near a gas plant in Syria's Homs province on Monday killed nine people including four soldiers, a monitoring group said, updating an earlier toll.
Oil and Gas
China’s largest inland oil field depleting
Beijing (UPI) Dec 29, 2014 - The decline in crude oil prices means output from China's inland Daqing oil field will start to drop off beginning next year, an official at PetroChina said.