Contracts

Mexico: Progress on 2015 Oil Hedge

Mexico has made significant progress on hedging next year's expected crude oil output, a Mexican finance ministry official said on Friday. Mexico's oil hedging program,

Oil Falls Again; Longest Slump Since '08

Brent falls 9 pct in October, WTI down 12 pct; Bank of Japan stimulus boost lifts U.S. dollar. Oil's losing streak continued for the fourth consecutive month on Friday,

GDF Suez Loses Appeal on Database Access

A Paris court rejected an appeal by gas and power group GDF Suez against the French competition authority's order forcing it to give competitors access to its client databases.

U.S. Oil Majors Under Pressure to Cap CAPEX

Top U.S. oil producers, which already were reining in spending before crude prices started to slip in June, are now looking to trim more fat from their budgets

Serbia Seeks Payment Delays, Russia Flow Down

Serbia, which owes more than $200 million for gas supplies from Russia, said on Friday it had received less gas this week and was set for talks on rescheduling its payments.

IEA: Morocco’s Energy Policies on Track

Strong initiatives on energy access and renewable energy as well as subsidy reform reflect government determination. Morocco’s energy strategy is very much on target,

PDVSA Splits Algerian Crude Discharge

The tanker Carabobo carrying Algerian light crude to Venezuela has finished unloading at Jose terminal and has set sail to the Caribbean island of Saint Eustatius,

Global LNG Prices Lower on Supply & Demand

NWS project to award two-cargo tender on Friday; Trading firms close out positions as price disappoints. Asian spot liquefied natural gas prices this week extended

Vestas Wins Turbine Order in Turkey

Danish wind turbine manufacturer Vestas Wind Systems said on Friday it had received a 66 megawatt turbine order for a wind project in Turkey. The order was for 20 units of the V126-3.

Wärtsilä, Diesel United Renew Pact

Wärtsilä and Diesel United Ltd in Japan have signed a ten-year renewal of their co-operation agreement for the sale, manufacturing and servicing of Wärtsilä low-speed marine engines.

Risky Business: High-Yield E&P Energy Bonds

Investors betting that oil prices will recover are starting to support the battered prices of high-yield bonds from exploration and production (E&P) energy companies.

IMCA Inks Pact with China's CDSA

During meetings held at the China International Diving, Salvage and Offshore Summit 2014, a Cooperation Framework Agreement was signed between the International Marine Contractors Association (IMCA),

Delta "T" Hooks for Offshore Customer

Gaining further ground into the offshore crane market, Delta "T" Systems supplied Cranston Eagle hooks to crane manufacturer Appleton Marine, Inc.   These cranes

Saipem Awards BMT Riser Monitoring Contract

BMT Scientific Marine Services (BMT) was selected by Saipem to supply the riser integrity monitoring systems for the Total Egina development located 150km off the coast of Nigeria.

EU Oil Majors' Q3 Refining Boost Temporary

BP, Shell see refining profit double in Q3; falling oil price and maintenance boost refining margins. Refining overcapacity to continue weighing on sector. Refining

Keppel FELS to Build $240m Jackup

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a contract from BOT Lease Co., Ltd (BOTL), an

Gazprom: Gas Resumes after Ukraine Pays

Russia, Ukraine reach deal on supplies in Brussels; dispute has threatened winter supplies to Europe. Russia may restart gas supply to Ukraine as soon as next week if Kiev pays $2.

China to Import 335 MT of Naphtha, Wants More

China is set to import more than 335,000 tonnes of naphtha and diesel, rare moves for the world's no. 2 oil consumer given it has been self-sufficient at meeting domestic oil product demand,

Total CEO: EU Must Fight US Crude Export Law

First major public appearance of new Total head; he challenges European politicians to fight US ban. The new head of French energy major Total challenged Europe to fight Washington over the U.

Oil Falls to $85 on Strong Dollar, Supplies

Brent falls 10 pct in October, WTI down 11 pct; Dollar strong after U.S. GDP data. Brent crude oil fell more than a dollar towards $85 a barrel on Friday as

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