Fuels & Lubes

Yamal LNG Project on Track Despite Sanctions

Russia's Yamal LNG project, slated to produce 16.5 million tonnes of frozen gas from 2018, will be launched on time despite Western sanctions, the head of project's operator,

Burundi's Revised Budget Proposes New Taxes

Government says bill would address deficit, power shortage; Tutsi-led coalition partner, Hutu opposition reject bill; Proposal includes new tax on fuel, sugar,

Cameco Profit Jumps on Higher Uranium Sales

Canadian uranium miner Cameco Corp reported on Thursday that its second-quarter profit jumped, driven by higher uranium sales. Saskatoon, Saskatchewan-based

Enterprise to Expand Houston Ethane Export Terminal

Enterprise Products Partners LP said it was looking at expanding the ethane export facility it is building on the Houston Ship Channel after winning another transport contract.

Oil India Bids for Murphy Oil's Malaysia Assets

ONGC to own 20 percent stake, Oil India 10 percent; Murphy invited bids for 30 pct stake in Malaysian assets. India's state-owned Oil & Natural Gas Corp and

Apache: Exiting LNG Projects as 2Q Profit Falls

Apache Corp, a U.S. oil and gas company under pressure from activist investor Jana Partners, reported lower quarterly profit on Thursday and said it plans to sell

Exxon Mobil quarterly profit jumps 28 percent

Exxon Mobil Corp, the world's largest publicly traded oil company, said on Thursday its quarterly profit jumped 28 percent on higher prices for crude and natural gas.

Bulgaria Revokes Charge on Solar, Wind Firms

Bulgaria's top court has revoked a 20 percent charge imposed on the income of solar and wind power producers this year, in a ruling that protects renewable energy

ConocoPhillips Q2 Profit, Output Up

ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported a quarterly profit that just beat Wall Street expectations, helped by an increase in oil and gas production.

Marathon Petroleum Profit Up 44 pct

Marathon Petroleum Corp, the third-largest standalone U.S. refining company, said its quarterly profit rose 44 percent, helped by higher crude refining margins on the Gulf of Mexico coast.

Africa Oil Prospectors Afren Suspend CEO, COO

London-listed oil explorer Afren Plc said its board had temporarily suspended Chief Executive Osman Shahenshah and Chief Operating Officer Shahid Ullah pending an investigation into payments,

There’s Still Time for SHIPPINGInsight Award Entries

Entry submissions for the first SHIPPINGInsight Award are due Friday, Aug. 1, but organizers said they will continue to accept nominations through following week to provide some extra time.

MOL Ship Management Earns Energy/Enviromental Certifications

First company to receive ISO50001 certification from Nihon Kaiji Kyokai.   MOL Ship Management Co., Ltd. (MOLSHIP), a core ship management company in the corporate group headed by Mitsui O.

Novatek Assessing Sanctions Effect on Joint Projects

Russia's second largest natural gas producer Novatek said on Wednesday it was assessing the impact of U.S. sanctions on the financing of joint investment projects.

PEGAS Gas Platform to Launch UK Spot Contracts

A joint gas trading platform between the French exchange Powernext and German peer EEX will expand to British spot gas products on Oct. 15, the two exchanges said on Wednesday.

Lukoil: West Qurna-2 Oil Output at 280,000 bpd

Russia's second largest oil producer Lukoil said on Wednesday crude output at its West Qurna-2 oilfield in Iraq had increased to 280,000 barrels per day. The

Kenya's Mombasa Port Traffic Up 13% in H1

Container traffic through Kenya's biggest port grew by 12.8 percent in the first six months of the year after new cargo handling infrastructure was built to shorten the turnaround time for ships.

Protests Erupt over Yemen Fuel Prices

Fuel price hikes part of subsidy reform necessary for IMF loan; Energy subsidies cost Yemen $3 billion last year. Attacks on oil pipelines slash crude export earnings.

OPEC Output Up on Libyan Rebound

Supply rises by 140,000 bpd, led by Libya; output falls in Iraq, edges lower in Iran. OPEC output close to supply target of 30 million bpd. OPEC's oil production rose in July from June,

Hess Quarterly Profit Drops 35 Percent

Hess Corp, which produces oil in North Dakota, Iraq and Ghana, said on Wednesday its quarterly profit fell 35 percent after it sold off operations to focus on core exploration and production projects.

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