US Energy Infrastructure Revamp May Unlock $6-trillion Market

U.S. Secretary of State John Kerry said Monday the United States could potentially unlock a $6 trillion energy market by revamping the country's fractured electricity grid,

Oil Prices Fall on Sluggish Demand, Ample Supply

Crude oil futures fell on Monday as ample supply and slowing economic growth in Europe and China outweighed expectations of a cut in oil output from the Organization

Veresen Buys Stake in Ruby Pipeline

Veresen Inc said it would buy Global Infrastructure Partners's 50 percent convertible preferred interest in Ruby pipeline system for $1.43 billion. The company,

US Rejects Iran Bid to Link Islamic State Fight to Nuclear Concessions

The United States on Monday rejected a proposal floated by Iranian officials in which Tehran would cooperate in the fight against Islamic State forces in exchange

Total to Sell More Assets, Cuts Oil Output Target

Total will step up asset sales and overhaul exploration after cutting its oil output targets and the French oil company also said it was seeking European funds

Lithuania Appoints Oil Terminal Firm CEO as Energy Minister

Lithuania President Dalia Grybauskaite has appointed the chief executive of oil terminal company Klaipedos Nafta as the country's energy minister, the president's office said on Monday.

S.Africa Signs Nuclear Power Deal with Russia

South Africa signed a nuclear power cooperation deal with Russia on Monday that paves the way for the building of up to 9.6 GW of nuclear power plants based on Russian technology by 2030,

Steep Fall in Wind Output lifts Spot Prices

A steep fall in wind generation in the region lifted central European power prices on Monday, traders said as an 858 megawatt reactor in Poland returned to the

Indonesia Sets 2015 Energy Subsidies Lower Than This Year

Indonesia's government is set to spend 1.6 percent less on energy subsidies next year, parliament's budgetary committee said on Monday, providing much needed fiscal

Wachs Subsea Answers the Call for Chevron

When looking for an emergency preparedness system for the Gulf of Mexico and elsewhere, Chevron enlisted the aid of Wachs Subsea to create an automated pipeline

Giken Sakata Expands its Oilfield Assets Portfolio in Indonesia

Substantial net revenue interest and rights to manage 70 additional wells The additional oil fields are expected to contribute to the Group’s earnings

Azerbaijan Expects Absheron Gas Production Start in 2021

French oil firm Total is expected to start production at Azerbaijan's Absheron gas field in the Caspian Sea in 2021, the Azeri energy minister told a local newspaper,

German EEX Eyes French Peer Powernext, Focus on Gas

Germany's European Energy Exchange (EEX) plans to take over French peer Powernext, according to a request lodged with the German competition regulator, in a move

Countries, Companies Mobilize Around Carbon Pricing Ahead of UN Summit

The World Bank will say Monday that 73 national and 11 regional governments and some 1,000 companies will join forces to push for policies setting a price on carbon

Day Ahead Price Up on Wind Lull, Curve Down

A sharp decline in wind power capacity on Monday boosted European prompt power prices for the day ahead, traders said, adding that renewable power supply would pick up later in the week.

Siemens Sees No Large O&G Buys Soon

Germany's Siemens does not foresee any further significant acquisitions in oil and gas equipment following its agreement to buy Dresser Rand for $7.6 billion, it said.

Solutions Store's Spence to Present at SPE Workshop

People development expert to present at unique event set to examine discrimination in the oil and gas industry. Emma Spence, the founder and director of the people development consultancy,

European Front-Month Price Dips on Subdued Demand

European thermal coal lost more ground on Monday on weak demand, taking the front-month physical contract down more than 5 percent since the start of the month.

Deep Sea Mooring Wins Contract with Repsol

Global energy company Repsol has selected Deep Sea Mooring (DSM) to provide a range of mooring services for their drilling operations on the Norwegian Continental Shelf.

Statoil: New Compressor Means Heightened Production

The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent

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