Energy

Tanzania's Energy Minister Resigns

  Tanzania's Energy and Minerals Minister Sospeter Muhongo resigned on Saturday amid a graft scandal that has rocked the gas-rich country and led Western donors to delay aid,

Oil Majors to Preserve Dividends Despite Oil Collapse

  Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and

Brent Closes Up, U.S. Crude Down After Saudi King Dies

  Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply. Saudi Arabia's new king,

Peru Grants Permit for Chinese-owned Mine

  The government has granted Chinese-owned Jinzhao Mining Peru the environmental permit for its proposed $1.5 billion Pampa de Pongo iron mine, estimated to produce 22.

Petrobras Develops Technology to Cut GHG

  Petrobras develops a new technology that reduces the emission of gases that cause greenhouse A new technology to reduce the emission of greenhouse gases (GHG)

Genel Energy Trading & Operations Update

  Genel Energy plc issues the following trading and operations update in advance of the Company's full-year 2014 results, which are scheduled for release on 5 March 2015.

Oil Platform Ablaze in the Gulf of Mexico

Fire broke out on an unmanned oil platform in the Gulf of Mexico approximately five miles south of Port Fourchon, La., the Bureau of Safety and Environmental Enforcement (BSEE) reported.

Anadarko Finalizes Tronox Settlement

Anadarko Petroleum Corp said in a regulatory filing on Friday that it has finalized its $5 billion settlement with Tronox Ltd, ending a long-running legal saga related to environmental clean-up costs.

Venezuela Eyes Double-digit Yield on Citgo Debt Sale

Venezuela's US oil-refining unit Citgo will probably have to pay double-digit yields to lure investors into a US$2.5bn financing package aimed at pumping new cash into its state-owned parent PDVSA.

GE Profit Rises Despite Flagging Oil Unit Sales

General Electric Co reported a 9 percent rise in quarterly industrial profit on Friday as its businesses that sell power-generating turbines and jet engines helped

Global LNG Prices Fall on Lacklustre Demand

Asian spot liquefied natural gas prices for March delivery fell sharply for a second week as traders said supply disruptions failed to derail the market's downward trajectory weighed by weak demand.

India to Open Coal to Commercial Mining Firms

India expects to hold auctions for private firms to mine and sell coal in the near future, the country's coal and power minister Piyush Goyal said but first wants

Hungary Expects Gas Contract Deal from Putin Visit

Hungary should be able to agree long-term gas shipment contracts with Russian President Vladimir Putin during the Russian leader's visit to Budapest next month,

Oil Majors to Preserve Dividends Despite Oil Collapse

Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and their

Maran Orders 4 LNGCs from DSME

Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) will build four large Liquefied Natural Gas Carriers (LNGC) for Maran Gas.   The four LNGCs

Magnum Hunter: Slashed all Spending Amidst Cheap Oil, Gas

Oil and natural gas producer Magnum Hunter Resources Corp said on Friday it has cut all capital spending amidst plunging commodity prices, expecting prices to remain low for at least the next year.

Captains' Union Blasts McCain’s Keystone Amendment

International Organization of Masters, Mates & Pilots Asks: If Keystone is a “Jobs Bill” Why Would Congress Want to Send 400,000 Maritime Jobs in 26 States Overseas?    S.

U.S. Crude Turns Positive on Supportive Economic Indicators

U.S. crude oil prices turned positive Friday after the National Association of Realtors reported that U.S. home sales rose in December, a possible indicator of a recovering housing market.

Russia's Refinery Runs in December Down

Russian oil refinery runs in December fell by 2.1 percent month-on-month or 123,787 barrels per day (bpd) due to a series of outages, data from the Energy Ministry and Reuters calculations showed.

Saudi Oil Minister to Stay for Now, Policy Steady

Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi on Friday in a message aimed at calming a jittery energy market mindful of Naimi's

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