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Environment News Headlines – Yahoo! News UK
(Reuters) – Oilfield services company Hunting Plc said it expected a 50 percent to 75 percent fall in operating profit for the year as it continued to reel under a drop in global rig counts and a weak oil and gas market. Hunting shares fell more than 7 percent on the London Stock Exchange on Thursday morning. The company, which provides services and equipment for drilling, completing and maintaining oil and gas wells, said operating profit slumped 76 percent in the first five months of the year.
Posted on 2 July 2015 | 7:15 am
By Henning Gloystein SINGAPORE (Reuters) – Oil prices edged up on Thursday, partially recovering from price falls of 2.5 to 4 percent a day earlier as U.S. stockpiles rose for the first time in months on the back of high production. Following a 4.2-percent drop on Wednesday, front-month U.S. crude futures were trading at $57.15 per barrel at 0655 GMT, up 19 cents from their last settlement. Heading into the second half of the year, U.S. crude has been testing support on the lower range of a $57-62 per barrel price channel, where it has been trading since early May. "We … expect this support level to hold," Singapore-based Phillip Futures said, arguing that this week's bearish factors had already been priced into the market.
Posted on 2 July 2015 | 7:12 am
Posted on 2 July 2015 | 4:28 am
SAO PAULO (Reuters) – Brazil’s state-run oil firm Petrobras said on Wednesday it had signed a contract to sell its 20 percent stake in the Bijupira and Salema oil and gas fields for $25 million (16 million pounds). The fields, operated by Royal Dutch Shell Plc , are located in the Campos Basin. Petrobras is trying to sell $15.1 billion worth of assets this year and next to pay down debts. (Reporting by Caroline Stauffer; Editing by Lisa Shumaker)
Posted on 2 July 2015 | 12:32 am
(Reuters) – OPEC’s decision, led by Saudi Arabia, to not cut oil production has put pressure on U.S. shale gas producers which in turn has put brakes on America’s energy boom, the chief executive of Royal Dutch Shell Plc said in an interview with the Financial Times published on Wednesday. Ben van Beurden said in an interview that OPEC’s decision in the face of soaring U.S. output and weaker-than-expected demand had sent a strong signal that Riyadh would not “underwrite the price” by utilising its supplies to balance the market. OPEC at a meeting on June 5 kept its policy unchanged amid signs the near-halving of oil prices since June 2014 was boosting demand and dampening the U.S. shale boom.
Posted on 1 July 2015 | 10:33 pm
By Barani Krishnan NEW YORK (Reuters) – U.S. crude prices fell 4 percent on Wednesday, posting their biggest daily drop since April after oil stockpiles in the United States rose for the first time in more than two months. The selloff was a jolt to crude traders and investors who have seen U.S. prices in fairly tight trading ranges over the past 10 weeks versus sharper moves down in European oil. "I see a slower grind lower and I don't think this the tipping point." U.S. crude settled down $2.51, or 4.2 percent, at $56.96 a barrel.
Posted on 1 July 2015 | 7:47 pm
Charlie Heck, multimedia news editor at the U.S. National Science Foundation (NSF), contributed this article to Space.com's Expert Voices: Op-Ed & Insights. One of the coldest, driest deserts on the planet, Antarctica's McMurdo Dry Valleys may look like a frozen wasteland, but compelling new evidence shows that beneath the surface lies a salty aquifer that may support life. The environment is a possible analog for conditions beneath the surface of Mars, and other desolate locales in the solar system.
Posted on 1 July 2015 | 7:28 pm
Posted on 1 July 2015 | 6:53 pm
By Libby George LONDON (Reuters) – Sales of transport fuels have exceeded all expectations this year, making demand from reviving economies the mantra of bulls who say the oil price is well on the mend. Growing stocks, and early stress signals for some oil products, such as diesel, are throwing a cautionary signal to those who believe the shale oil-driven glut in physical crude markets will be absorbed by demand alone. Gasoline consumption has bounced far higher, with U.S. drivers joining those in India, Indonesia and China in driving more often, and in some cases in less fuel efficient cars.
Posted on 1 July 2015 | 12:52 pm
By Christopher Johnson and Koustav Samanta LONDON/BENGALURU (Reuters) – Iran will increase its oil exports by up to 60 percent within a year if it can agree a nuclear deal with world powers bringing an end to sanctions, a Reuters survey of analysts said on Wednesday. A poll of 25 oil analysts from leading banks and brokerages forecast Iran would be able to raise crude oil output by between 250,000 and 500,000 barrels per day (bpd) by the end of this year and boost sales abroad by up to 750,000 bpd by mid-2016. "It will take a few months before Iran can start to export at full blast," said Swiss energy markets analyst Olivier Jakob.
Posted on 1 July 2015 | 11:22 am
Green News – Environment and climate change news
Earth news from Telegraph Earth – your source for environment and green news and environment and green issues, with information on farming, climate change, global warming, pollution, green living and recycling, and all other environment issues.
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Earth & Climate News — ScienceDaily
According to new research, there may be a way to predict when Yellowstone volcano will erupt again.
Posted on 1 July 2015 | 7:23 pm
Ocean acidification may make it difficult for Alaskan coastal waters to support shellfish hatcheries by 2040 unless costly mitigation efforts are installed to modify seawater used in the hatcheries.
Posted on 1 July 2015 | 7:18 pm
A newly discovered, 48-million-year-old fossil, known as a ‘Jesus lizard’ for its ability to walk on water, may provide insight into how climate change may affect tropical species.
Posted on 1 July 2015 | 7:18 pm
Widely hailed as ‘green’ sources of renewable energy, hydroelectric dams have been built worldwide at an unprecedented scale. But new research reveals that these major infrastructure projects are far from environmentally friendly.
Posted on 1 July 2015 | 6:07 pm
A newly discovered equation is expected to greatly improve the reliability and functionality for hundreds of important water models used by everyone from irrigators and city planners to climate scientists and botanists — and trigger a new surge in data collection.
Posted on 1 July 2015 | 5:18 pm
A materials science and engineering team has developed a new energy cell that can store large-scale solar energy even when it’s dark.
Posted on 1 July 2015 | 5:18 pm
A significant step has been made for potential Carbon Capture and Storage (CCS) deployment, with the publication of the results from the world’s first experiment into the realistic simulation of potential environmental impact of a submarine CO2 leakage.
Posted on 1 July 2015 | 3:51 pm
Forest composition, ground cover and topography are the best predictors of forest fire severity in the Western US, according to physical geographers who also see that the long history of fire exclusion on federal lands leads to uncharacteristically severe burns and potentially changes the dynamics of forests and their recovery.
Posted on 30 June 2015 | 6:32 pm
As floodwaters surge along major rivers in the midwestern United States, a new study suggests federal agencies are underestimating historic 100-year flood levels on these rivers by as much as five feet, a miscalculation that has serious implications for future flood risks, flood insurance and business development in an expanding floodplain.
Posted on 30 June 2015 | 5:52 pm
Tiny marine algae that play a critical role in supporting life on Earth may be better equipped to deal with future climate change than previously expected, research shows.
Posted on 30 June 2015 | 4:17 pm