Energy

Feds Delay LNG’s Port Ambrose Application

 The US Coast Guard and the US Maritime Administration (MARAD) have temporarily suspended their review of the proposed Port Ambrose deep-water LNG import terminal.

Fourth Productive Interval Identified at Wressle-1 Well, Onshore UK

  Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, has informed today’s about

Austal Graduates 48 4-Yr Apprentices

  Austal USA combined two classes to graduate a total of 48 members of Austal’s cutting-edge four-year apprenticeship program yesterday at a formal ceremony held at the Arthur R.

ConocoPhillips puts Some Western Canada Assets up for Sale

  ConocoPhillips said on Friday it is looking to sell about 20 percent of its production in Western Canada, outside the oil sands, as tumbling oil prices have

Pemex's Crude Oil Production, Exports up in Feb

  Crude oil production and exports from Mexico's state-owned oil company Pemex both rose slightly in February, the company said on Friday. Crude oil production in February averaged 2.

BNDES Cuts Brazil Oil-sector Investment Outlook

  Brazil's state development bank BNDES said on Friday it cut its outlook for 2015-2018 oil and natural-gas sector investment by nearly 30 percent to 360 billion

Mexico Unveils National Strategy ahead of Paris Climate Talks

  Mexico on Friday said it will cap its greenhouse gas emissions by 2026, becoming one of the first countries to formally submit its national climate plan the

Georgia Passes Solar-friendly Legislation

Solar electric power would become far more accessible to Georgia homeowners under a bill approved by state lawmakers on Friday, making it easier to lease solar

OMV: No Intention to Sell Stake in Borealis

Austrian energy group OMV does not plan to sell its 36-percent stake in plastics maker Borealis, supervisory board chief Rudolf Kemler said on Friday.   Abu Dhabi's IPIC,

Britain's Gas Storage Cuts Heighten Risks for Winter

Britain's available natural gas storage capacity will fall to its lowest level in almost a decade this summer, increasing the system's reliance on supply from the

Another Executive Arrested in Petrobras Probe

Brazilian police on Friday arrested the CEO of Grupo Galvão, the latest executive arrested in a corruption probe focused on state-run oil firm Petroleo Brasileiro SA.

Libya's Oil Output at 622,000 BPD

Libya has managed to boost oil production to around 622,000 barrels per day (bpd), a report from the state-run National Oil Corp of Libya (NOC) said.   The eastern

Magnolia Project on Track for First LNG in 2018

Providing a general update on the development progress of its 8 million tonne per annum (mtpa) Magnolia LNG Project (MLNG Project), in Louisiana, the Directors

Asia LNG Prices Lower on Piecemeal Demand

Asian spot liquefied natural gas prices slipped on Friday as disappointing demand weighed on the market, traders said.   The price of spot LNG for May delivery eased to $7.

Advanced Drillships a Burden for Owners as Business Slows

Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators.

Russia May Allow More Firms to Offshore Oil

Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak said on Friday.   "In general, the access can be extended," Novak told reporters in Moscow.

Lack of Ship Definition is a Threat to Investors

AKD says the lack of an unambiguous term to describe a ‘ship’ in several jurisdictions represents a potential threat to asset security for financiers, particularly

UK North Sea Workers Give "Overwhelming" Support for Strike

Trade unions Unite and GMB said members working offshore in Britain's North Sea oil and gas industry had shown overwhelming support for industrial action in a consultative

S.Africa's Petrol Pump Price to Rise by More than 14 pct

The retail price of 95-grade petrol in South Africa will rise by 162 cents or 14 percent a litre from April 1, while the wholesale diesel price will increase by more than 12 percent,

Shell Moves Rigs to Alaska Ahead of Possible Drilling Permit

Royal Dutch Shell is moving oil rigs to Alaska ahead of the possible resumption of controversial drilling activities as the oil major awaits the green light from U.

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