Energy

Oil is on the Rise

Oil prices rose in early trading on Monday as Asian markets opened strongly into a holiday-shortened week and as consensus spread that Brent crude prices would

Fighting for Ports Escalates in Libya

Military planes loyal to Libya's recognised government attacked on Sunday an opposing force that is seeking to seize the country's two biggest oil ports, officials said.

Security Threat in Yemen Shuts CNOOC's Nexen Facility

CNOOC Ltd's Nexen unit is shutting operations at an oil field and processing facility in Yemen due to a security threat, a Nexen spokeswoman said on Sunday.   The

Bahrain Energy Projects not Affected by Oil Slide

Falling oil prices will not affect the development of oil and gas infrastructure in Bahrain, including an import terminal for natural gas and expansion of a major pipeline and refinery,

UAE Urges Oil Producers not to Raise Output in 2015

The United Arab Emirates oil minister urged all of the world's producers on Sunday not to raise their oil output next year, saying this would quickly stabilise prices.

Coal Ash Labeled Non-hazardous Under New US Rules

The U.S. Environmental Protection Agency issued rules on Friday labeling coal ash, a byproduct of coal-based power production containing toxic materials such as arsenic and lead,

Obama: Keystone Benefits for US Nominal

U.S. President Barack Obama said on Friday that construction of the Keystone XL pipeline to transport crude oil from Canada to the U.S. Gulf Coast would only nominally

Canada Slaps Sanctions on Russian Oil Industry

Canada announced new sanctions against Russia on Friday, including additional restrictions on the export of technology used in the oil and gas industry.   Foreign

Circle Oil Makes Second Gas Discovery in Morocco's Sebou

Circle Oil drilling in the KSR-12 well in Morocco has found gas on two levels in the Sebou onshore permit, the Office of Hydrocarbons and Mining said in a statement on Friday.

Petrobras Cancels Fertilizer Plant Contract with Galvao, Sinopec

Brazil's state-run oil firm Petrobras said on Friday it had canceled a contract with a joint-venture group comprised of China's Sinopec and local engineering company

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

API Publishes RP forr Structual Integrity Management

The American Petroleum Institute (API) has published a new recommended practice for structural integrity management. The new guidelines emphasise the importance

Maven Invests $6.65m in MBO of Fathom Systems

Maven Capital Partners (Maven) has led the management buy-out of subsea technology firm, Fathom Systems Limited. The $6.65million investment by Maven in the

Ukraine Allows Firms to Import Electricity Due to Power Crisis

Ukraine's government, mired in a power crisis due to a shortage of thermal coal, will allow all companies to import electricity from abroad, Prime Minister Arseniy Yatseniuk said on Friday.

Statoil Awards Mariner Contract to Schlumberger

Statoil has on behalf of the Mariner co-venturers awarded the contract for integrated drilling and well services on the Mariner field on the UK continental shelf

Slovakia's Eustream Testing of Hungarian Gas Link Delayed

Technical problems have caused a delay of testing operations at a new gas pipeline connecting Slovakia and Hungary, the Slovak pipeline operator Eustream said on Friday.

GE Wins$1b Cheniere LNG Train Service Deal

Construction well underway on the first four LNG trains at Cheniere Partners’ Sabine Pass LNG export facility located in Cameron Parish, Louisiana, with first LNG

Russia's Urals Oil Exports Seen Surging in Early January

Seaborne exports of Russian crude oil blend Urals will sharply increase in the first half of January thanks to a lower export duty, according to a preliminary schedule seen by Reuters.

Winds, Lower Demand Pressure Spot Prices

Strong winds and lower demand ahead of the Christmas holiday slashed Czech and Slovak prompt power prices on Friday, while Hungary and Romania remained at a regional premium, traders said.

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

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