Energy & Fuels

RIO DE JANEIRO, Nov. 6 (UPI) — Brazil’s gigantic subsalt oil exploration and development project has received a $10 billion cash boost from China at the same time as the Chinese state oil company has bought its first oil asset in the United States.
In the clearest indication yet that China is intent upon building up [...]

DELFT, Netherlands, Nov. 6 (UPI) — Tapered devices — boat tails — fitted on the rear of trucks can reduce fuel consumption by as much as 7.5 percent, scientists in the Netherlands said.
Researchers at Delft University of Technology experimented with varying lengths of boat tails for a year to determine which was most fuel [...]

BEIJING, Nov. 6 (UPI) — Beijing reacted strongly against the U.S. decision to slap preliminary anti-dumping duties of up to 99 percent on some Chinese oil pipe imports.
Thursday’s decision by the U.S. Commerce Department, the latest in the two countries’ bilateral trade disputes, comes as President Barack Obama prepares for his first presidential visit to [...]

BAGHDAD, Nov. 5 (UPI) — The Iraqi Oil Ministry granted Exxon Mobil Corp. and Royal Dutch Shell the rights to the West Qurna-1 oil field, awarding the contract over two other bids.
Lukoil, a Russian firm, along with ConocoPhillips submitted a bid for development rights, as did CNPC, The Wall Street Journal reported Thursday.
Aside from Occidental [...]

ANCHORAGE, Alaska, Nov. 5 (UPI) — The Shell oil corporation said it will decide within months whether to begin drilling for oil and gas off the Alaskan coast despite strong opposition.
The Anchorage Daily News said Thursday that environmentalists and Alaska North Slope officials are opposing possible Arctic drilling in the Beaufort and Chukchi seas.
Scientists [...]