UPI : Business (38)

Raytheon to support inventory management for Army

Raytheon has been awarded a modified contract for Patriot performance based logistics support for inventory management for the U.S. Army.

USS Jacksonville reports for decommissioning

The U.S. Navy's fast-attack submarine USS Jacksonville has arrived at a naval base in Washington for inactivation and decommissioning.

Eni: More oil offshore Mexico than originally estimated

An Italian company said the results from a well in the shallow waters off the coast of Mexico lead it to believe there may be as much as 2 billion barrels.

Gas prices even for now, but British pipeline problem could change that

Retail U.S. gasoline prices are holding steady, but it remains to be seen how much of a spike to expect from a British pipeline outage, an analyst said.

Europe moves to grow green economy at Paris meeting

Commemorating the Paris climate agreement, European leaders said they were committed to establishing the bloc as the destination for green development.

Major North Sea pipeline system may be down for weeks

It's too soon to say how quickly repairs to a major oil pipeline system in the North Sea are made, but it may be a matter of weeks, the operator said.

Major North Sea pipeline system down for weeks

It's too soon to say how quickly repairs to a major oil pipeline system in the North Sea are made, but it may be a matter of weeks, the operator said.

One dead after explosion at Austrian gas facility

Austrian energy company OMV confirmed Tuesday there was an explosion on the grounds of a gas storage facility in Austria that left one person dead.

Report: Two years, $2M wasted on warfare system after Navy skips development step

The Pentagon declassified a report on the Surface Electronic Warfare Improvement Program, revealing the Navy wasted two years and nearly $2 million on it.

LifePort approved for armor for Bell 412EP helicopters

LifePort, a Sikorsky armor company, has been approved to provide armor solutions for Bell 412EP helicopters.

Huntington Ingalls christens new Legend-class cutter for Coast Guard

Huntington Ingalls' shipbuilding division on Monday christened the Legend-class National Security Cutter Midgett WMSL-757 for the U.S. Coast Guard.

OPEC in June to consider way out of production deal

A decision to start reviewing the way out of an OPEC-led agreement on oil production cuts doesn't mean the deal is over, an analyst said Monday.

North Sea field still down after Friday fatality

There's no date set for the resumption of production from the Tambar field in the North Sea following a fatal accident last week, the operator said.

Oil price increase spikes PPI for Norway

An increase in crude oil prices in November and a declining currency value against the U.S. dollar led to some inflationary pressures, Norway's government said.

European energy companies issue green finance pledge

Nine energy companies working in the European energy sector said Monday they made pledges to support a sustainable finance model for renewables.

Department of Defense seeks to speed up acquisition process

Senior leaders at the Department of Defense testified on Capitol Hill that they are attempting to reform and speed up their acquisition process.

Boeing to upgrade Air Force E-3 Sentry cockpits

The Boeing Co., has been awarded a contract for the U.S. Air Force's DRAGON program that upgrades the cockpits of Boeing E-3 Sentry aircraft.

Go further, Sierra Club tells Minnesota oil pipeline reviewers

A Minnesota utility regulator needs to take a stronger stance than it did on a proposal from Enbridge to overhaul an oil pipeline system, the Sierra Club said.

After Wintershall merger, Russia says Nord Stream ready to go

There are enough contracts in place to start construction on expansions to the twin Nord Stream gas pipeline through the Baltic Sea, Russia's Gazprom said.

Shale-rich Oklahoma to try again on closing a budget gap

State leaders are called to a special session starting Dec. 18 to address the shortfall in the budget for the current fiscal year, Oklahoma's governor said.

One dead in North Sea oil rig accident

One person is dead and another is injured following an accident at a drilling rig on an oil field in Norway's waters of the North Sea, Aker BP said Friday.

First LNG cargo ready to leave the Russian Arctic

French supermajor Total said Friday the first cargo of liquefied natural gas is leaving an Arctic facility in Russia, one of the largest in the world.

Canadian oil closer to getting out of North America

A Canadian city at the center of the debate over the overhaul of the Trans Mountain oil pipeline said a construction permit was an example of federal overreach.

Queen commissions British Royal Navy's largest ship

England's Queen commissioned the Royal Navy's largest ship ever to into the fleet, the HMS Queen Elizabeth, the Britain's new aircraft carrier.

Chevron boasts of U.S. shale, but spending more elsewhere

While lauding the opportunities in the Permian shale basin in Texas, Chevron said it would spend more on projects already underway, such as in Kazakhstan.

More contracts rolled out for Statoil's mega Johan Castberg

Two days after submitting development plans to the government, Norwegian energy giant Statoil said it signed new contracts for Johan Castberg field production.

Oklahoma draws in more oil, gas taxes

While still in the midst of a long struggle over budget measures, the Oklahoma Treasury Department said gross tax receipts so far are indicative of growth.

Democratic leaders, indigenous groups, say 'no' to Alaskan drilling

Alaskans who rely on its pristine resources for survival don't want the drilling outlined in the Republican tax bill, members of the indigenous community said.

Aussie company zeroes in on Canadian shale

Australian energy company Calima Energy said it built up its holding in a shale formation in British Columbia by 4 percent through a government auction.

Mobil-brand gas stations open in Mexico

Following in Shell's footsteps, U.S. supermajor Exxon Mobil said it opened its first retail gasoline service stations in Mexico, with 50 planned in 2018.

Next foreign influence target of U.S. LNG is Venezuela

Liquefied natural gas is a way to extend influence over the horizon to Europe, though similar gains are possible for Latin America, a U.S. senator said.

More U.S. oil export capacity in the works

A gas pipeline running from Texas shale could be converted to send oil to the Gulf Coast by the start of the next decade, Enterprise Products Partners said.

Enbridge shuts oil pipeline because of bad Michigan weather

Inclement weather in the narrow waterway separating the two Michigan peninsulas meant Enbridge had to close a major pipeline system, a state agency said.

'Buying fatigue' puts oil prices deep in the red

With OPEC settled in for the year and a downturn in global inflation, a lack of buyers in the market pulled oil prices sharply lower early Tuesday.

Canada's Husky Energy sees clear road ahead

Spending for next year will be less than forecast in the previous five-year plan, but efficiency means production could be higher, Canada's Husky Energy said.

Russia's Novatek now a world player with Yamal LNG

Russian energy company Novatek said a new era for one of the world's largest gas suppliers has begun with the start of LNG operations on the Yamal Peninsula.

Gas prices inch lower, but still way above the June average

Seasonal factors finally caught up with the U.S. gas market and, with refineries making a cheaper winter blend, the price at the pump is lower, analysts said.

Statoil submits formal plans for mega Barents Sea oil field

By cutting the break-even cost by more than half, Norwegian major Statoil said it's decided on a development plan for the mega Johan Castberg oil field.