Energy

Ukraine Forces Kill Five Rebels

  Ukrainian forces killed up to five pro-Moscow rebels on Thursday as they closed in on the separatists' military stronghold in the east, and Russia launched army drills

U S closer to imposing more sanctions on Russia

 U.S. Secretary of State John Kerry suggested on Thursday that the United States is drawing closer to imposing more sanctions onRussia by saying time was running

Protestors Cause 70% Drop In Output From Peru Oil Block

  Argentine energy company Pluspetrol said output from Peru's biggest oil block has fallen 70 percent since indigenous protesters occupied its facilities there

Bahamas - A Key Source For U.S. Gasoline

  A massive oil storage facility in the Bahamas may offer nimble gasoline traders a new way to profit by shipping fuel in foreign ships from the oversupplied U.

Gasoline Prices Up In Iran on Subsidies Cut

  Gasoline prices in Iran leapt by up to 75 percent at midnight on Thursday, as state subsidies were cut, a risky move that President Hassan Rouhani hopes will

Pemex Chief Touts Mexico's Energy Reform in Washington

While energy reforms have opened the door for Mexico's state-run energy company to expand overseas, its focus for now will be on developing its "low-hanging fruit," the head of Pemex said on Thursday.

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Imperial: Decision on Canadian LNG Project Distant

Imperial Oil Ltd said on Thursday it is not yet close to deciding on whether it will go ahead with a Canadian liquefied natural gas export plant it is exploring

Ukraine Haggles with Slovakia for Bigger Gas Shipments

Ukraine could sign a deal on Monday allowing the shipment of up to 10 billion cubic metres (bcm) of gas a year from Slovakia, ministers from the two countries said,

OSI to Integrate Software for UK Royal Navy

OSI Maritime Systems (OSI) announced the signing of a contract to integrate its flagship software, ECPINS-W Sub, into the U.K. Royal Navy’s T45 Destroyer Integrated Bridge System (IBS).

Offshore O&G: Cuts, Delays in Norway as Costs Soar

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off,

War of Words Drive Crude Higher

Putin warns of 'consequences' of Ukrainian army actions Brent crude futures rose by more than a dollar a barrel on Thursday as mutual accusations of aggression

Colombia Pipeline Shutdown Cuts Oil Output 7%

The month-long closure of a key Colombian oil pipeline following a bomb attack has cut the Andean nation's daily crude output by about 72,000 barrels, or about 7 percent,

Iranians Face Fuel Price Surge as Subsidies Cut

Iranians have rushed to gas stations to fill their cars before a price surge expected at midnight on Thursday, as President Hassan Rouhani pushes ahead with a policy to cut fuel subsidies.

World Bank to Help Fund Hydro Dams in Burundi

The World Bank has approved a $100 million grant for power-starved Burundi to help fund two hydropower projects that will almost double the east African country's tiny electricity output,

MacArtney Swivel Solution for Scotrenewables Tidal Turbine

MacArtney has been selected to supply a custom designed Moog Focal swivel solution for a next generation tidal turbine developed by Orkney based tidal energy pioneer,

Puma Energy to Build Terminals, Boost Oil Sales in Asia

Puma Energy, partly-owned by Trafigura, expects to get a quarter of its revenue from the Asia-Pacific region in the next few years by building new oil import terminals and raising fuel sales volumes,

Delta SubSea, FoundOcean Ink Pipeline Deal

Delta SubSea LLC and FoundOcean, Inc. signed a strategic agreement today to provide subsea grouting and scour remediation services in Trinidad, Tobago and Venezuelan waters.

Russia's Lukoil Targets More Oilfields in Iraq

Russia's No.2 crude oil producer Lukoil said on Thursday it plans to develop more oilfields in Iraq after it began commercial production from the giant West Qurna-2 field last month.

Exxon Reopens UK Oil Pipeline After Theft Discovery

ExxonMobil said on Thursday that its Midline UK pipeline had resumed operations after its closure following the discovery of fuel theft and a tapping device.   Exxon,

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