Oil and Gas
Oil markets search for traction
New York (UPI) Dec 3, 2014 - Good economic data Wednesday helped push oil markets slightly higher, though prices still reflected uncertainty following OPEC's production decision.
Oil and Gas
U.S. shale player ONEOK resilient
Oklahoma City (UPI) Dec 3, 2014 - U.S. shale player ONEOK said it expects substantial and ongoing growth for its operations moving forward despite a volatile commodity environment.
Oil and Gas
Gas has been below $3 for a month
Washington (UPI) Dec 2, 2014 - U.S. gasoline prices have fallen more than 50 cents over 68 consecutive days and have been below $3 per gallon nationally for a full month, motor club AAA said.
Oil and Gas
Iran drafting budget based on oil at $70 per barrel
Tehran (UPI) Dec 2, 2014 - The Iranian government said Tuesday it was drafting its annual budget for the next calendar year on the assumption that oil prices will be $70 per barrel.
Oil and Gas
Iraq government, Kurds strike deal on budget, oil
Baghdad (AFP) Dec 02, 2014 - Iraq's government and the autonomous Kurdish region announced Tuesday an agreement resolving their longstanding disputes over the budget and oil exports, boosting prospects of closer cooperation against jihadists.
Oil and Gas
Migrant workers among 7 dead in Libya air raid
Tripoli (AFP) Dec 02, 2014 - Seven people were killed, including five African migrant workers, as pro-government forces carried out air strikes Tuesday on the coastal city of Zuara in western Libya, an official said.
Energy Tech
New Electrolyte for the Construction of Magnesium-Sulfur Batteries
Lorrach, Germany (SPX) Dec 02, 2014 - The Helmholtz Institute Ulm (HIU) established by Karlsruhe Institute of Technology (KIT) is pushing research relating to batteries of the next and next-but-one generations: A research team has now d
Oil and Gas
Putin: South Stream will not be carried out
Ankara, Turkey (UPI) Dec 2, 2014 - If the European community doesn't want to back the planned South Stream gas pipeline, it will be taken off the table, the Russian president said from Ankara.
Oil and Gas
Russian economy falters
Moscow (UPI) Dec 2, 2014 - Russian economic growth is expected to fall below 1 percent in part because of investment uncertainty and sanctions pressure, a minister said Tuesday.
Bio Fuel
Sweet Smell of Success: Researchers Boost Methyl Ketone Production
Washington DC (SPX) Dec 02, 2014 - Two years ago, researchers at the U.S. Department of Energy's Joint BioEnergy Institute (JBEI) engineered Escherichia coli (E. coli) bacteria to convert glucose into significant quantities of methyl
Oil and Gas
TransCanada halts pipeline terminal over endangered whales
Ottawa (AFP) Dec 02, 2014 - Oil company TransCanada suspended construction of a terminal on a major pipeline along the St. Lawrence River Monday after Canadian authorities classified a nearby population of beluga whales as endangered.
Oil and Gas
U.N. welcomes Iraqi, Kurdish oil deal
Baghdad (UPI) Dec 2, 2014 - The U.N. special envoy to Iraqi said Tuesday an agreement between the Kurdish and federal government is a turning point for the country's oil sector.
Wind Daily
Virginia mulls offshore wind energy
Washington (UPI) Dec 2, 2014 - Virginia's plans for offshore wind installations will be weighed against the environment and socioeconomic impacts, the federal government said.
Oil and Gas
WTI falls as new Gulf of Mexico oil production begins
New York (UPI) Dec 2, 2014 - With even more oil entering the U.S. stage, the price for West Texas Intermediate crude oil dropped more than $1 per barrel in early Tuesday trading.
Oil and Gas
Germany’s Wintershall grabs Norwegian Sea position
Stavanger, Norway (UPI) Dec 1, 2014 - The Norwegian government said Monday it's given German energy company Wintershall consent to drill in the Norwegian Sea after completing a deal with Statoil.
Oil and Gas
Iraqi oil production depends on external mechanisms
Baghdad (UPI) Dec 1, 2014 - Building momentum behind the post-war oil industry in Iraq depends in part on long-term investments, the Iraqi oil minister said.