OIL - BIO FUEL DAILY

Activists sue Norway over Arctic oil drilling

Oct 18, 2016 (AFP)

Environmental groups filed a lawsuit against energy-rich Norway on Tuesday to stop oil drilling in the Barents Sea. Greenpeace Nordic and Norwegian group Natur ...

Russia eyes gas shipments to India

Oct 17, 2016 (UPI)

The Russian and Indian governments may be interested in working together on getting natural gas piped from the former to the latter, a joint statement read. Rus...

British energy supplier SSE loosens grip on gas business

Oct 17, 2016 (UPI)

British energy supplier SSE said it agreed to sell off a portion of its regional gas distribution business to an Abu Dhabi investment entity. For nearly $775 mi...

More gas found in North Sea

Oct 17, 2016 (UPI)

A Norwegian regulator said a discovery of mostly natural gas was made in part of the North Sea not previously known to hold natural reserves The Norwegian Petro...

Oil prices lower as U.S. industrial production shows gain

Oct 17, 2016 (UPI)

Signs of growing confidence in the U.S. economy and building supplies elsewhere pulled oil prices lower early Monday despite conflict in OPEC states. In a weeke...

Fitch Ratings latest to grimace at Nigeria's economy

Oct 17, 2016 (UPI)

Contraction in the Nigerian economy, brought on in part by weaker oil prices, may make it difficult for the government to control its debt, Fitch Ratings said. ...

Natural gas hydrate in the foraminifera

Oct 17, 2016 (SPX)

Natural gas hydrates are clathrate hydrates that consist of water molecules and natural gas molecules (major constituent: methane). They are mainly distributed ...

Iranian crude oil production rising

Oct 17, 2016 (UPI)

With the door opening to foreign energy investors, Iran's oil minister said the country's total crude oil production is rising to pre-sanctions levels. Accordin...

France orders additional offshore support vessels

Oct 16, 2016 (UPI)

Kership, a joint Piriou-DCNS shipbuilding company in France, is to build two additional offshore support and rescue vessels for the French navy. The vessels -- ...

Support offered to online energy auctions in face of fierce protests

Oct 14, 2016 (UPI)

Protests against a North Dakota oil pipeline that some authorities have said are violent supports a push to hold oil and gas leases online, backers said. A fede...

More oil pending from Angola

Oct 14, 2016 (UPI)

Italian energy company Eni said it was one step closer to its goal of pulling more oil from Angola with the pending launch of an offshore production facility. E...

Oil prices inch lower after concluding statement from OPEC

Oct 14, 2016 (UPI)

Crude oil prices drifted lower from the previous session at the start of Friday trading even after positive production talks in Istanbul from OPEC members. Crud...

Alberta looks for better gains from natural reserves

Oct 14, 2016 (UPI)

Alberta needs a forward-looking strategy to make the most out of its vast wealth of natural resources for the sake of the economy, provincial leaders said. "We ...

Georgia, a former Soviet republic, joins European energy treaty

Oct 14, 2016 (UPI)

Europe is laying a broader foundation under its collective energy system with a partnership with Georgia, a former Soviet republic, an official said. Georgia jo...

Kashagan crude oil ready for exports

Oct 14, 2016 (UPI)

The first batch of crude oil from the giant Kashagan oil field off the coast of Kazakhstan has been processed and destined for exports, an operator said. "North...

No clear direction for oil prices after mixed EIA report

Oct 13, 2016 (UPI)

Crude oil prices searched for direction in early Thursday trading after the U.S. market turned back toward the supply side, though China showed higher demand. C...

British government sees future potential for shale oil

Oct 13, 2016 (UPI)

Shale oil has a place in the British energy mix, but exploitation will require environmental safeguards and industry expertise, a government agency said. The fu...

Chevron confirms Bangladesh interests may be for sale

Oct 13, 2016 (UPI)

Addressing growing speculation, Chevron said Thursday it would only proceed with a sale of its interests in Bangladesh if it can get a good value in return. A s...

Russia hopes for credit rating upgrade

Oct 13, 2016 (UPI)

The Central Bank of Russia said Thursday there was reason to be optimistic about an upgrade to its credit rating given the pace of economic recovery. Central Ba...

For How Long Can OPEC Talk Up Oil Prices?

Oct 13, 2016 (SPX)

Not a day passes without OPEC making oil and gas For How Long Can OPEC Talk Up Oil Prices?s, and today is surely no exception. Seemingly in lockstep with OPEC, ...