Energy

Fracking: Halliburton, Baker Hughes Stockpile Resources

As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves

PES to Begin Operating Benzene Terminal in November

Philadelphia Energy Solutions plans to start operating a new benzene offtake terminal next month at its 335,000-barrel-per-day refinery in Philadelphia, two people familiar with the plans said.

Iran: Lower Oil Prices a Tactic to Undermine Its Economy

Iran has accused fellow Muslim countries in the Middle East of plotting with the West to bring down oil prices as a tactic to further undermine its sanctions-hit economy.

Oil up after China Demand News

Oil prices were up at midday on Tuesday after an early rally aided by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling.

Weak Oil Threatens US Export of LNG

Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have

Shell Signs Sales Deals for Nigerian Assets

Royal Dutch Shell has signed sales and purchase agreements for all the Nigerian oil assets it put up for sale following a 2013 review of its business in the West African country,

Poland Eyes Expanding LNG Terminal

Poland plans to expand a new liquefied natural (LNG) gas terminal aimed at bolstering energy security and easing dependence on Russian supplies, the chief executive

Latvia Drops Bid to Buy E.ON's Gas Utility Stake

Latvia's government has abandoned talks to buy a 47.2 percent stake in Latvian gas utility Latvijas Gaze from Germany's E.ON, the country's prime minister said in a television interview on Tuesday.

Iraq Approves $278 mln Oil Deal with Halliburton

Iraq's cabinet approved on Monday a $278.5 million drilling deal with U.S. oil service company Halliburton for the southern West Qurna- 1 oilfield, according to a government statement.

Exova Appoints Sintome

Exova, a global testing, calibration and advisory services provider, appointed Jean-Michel Sintome as general manager of its specialist corrosion and materials technology facility in Daventry.

Renewable Energy: Schottel Tidal Turbines Ready For Use

In the last months SchottelĀ  successfully tested its hydrokinetic turbines in Strangford Lough, Northern Ireland. The full-scale tests included 260 operating hours under realistic conditions.

Strong Winds Weigh on Spot Prices

Hungarian premium persists Serbia water levels forecast to rise Cal '15 prices drop Forecasts for increased wind production in the region drove

Nigeria Wealth Fund Chief Says Investment Plans Unaffected by Weak Oil

Nigeria's sovereign wealth fund said its investment programme over the next six months, including on infrastructure, will go ahead, even as revenues that provide

Poland's PGNiG to Expand Strategic LNG Terminal

Poland's PGNiG and Polskie LNG, the company building a liquefied natural gas terminal at the Baltic port of Swinoujscie, signed a letter of intent on building a third gas storage unit on the site,

Pemex: Bay of Campeche Evacuation to Have Minimal Crude Impact

Mexican state oil giant Pemex said on Tuesday the evacuation of 15,000 workers from over 60 platforms in the Bay of Campeche because of bad weather was partial

Congressional Study Questions Embargo-Era Oil Policies

Lifting restrictions on U.S. crude oil exports could actually lower fuel prices for U.S. motorists and other consumers by contributing to a drop in world oil prices,

EU to Consider Ukraine Request for Extra 2 bln Euros

Ukraine has requested an extra 2 billion euros ($2.55 billion) and EU authorities will consider the loan request together with the International Monetary Fund,

Storms Prompt Pemex to Evacuate 15,000 Workers From Gulf

Mexico's state oil company on Tuesday said it evacuated 15,000 workers from installations in the Gulf of Mexico because of bad weather. The evacuation is a preventative

Cubility Opens Malaysia Office

Cubility AS, a provider of solids control solutions and efficiency around drilling operations, has announced the opening of a new wholly owned office in Kuala Lumpur,

Oman Oil Eyes Local Oxy Assets

Oman Oil Co. is in talks with Occidental Petroleum Corp to buy a minority stake in its assets in the Gulf Arab sultanate, the Omani firm's chief executive said on Tuesday.

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