Energy

Flangeless Subsea Plug Launcher for Pipeline Upgrade

Balltec Engineered Solutions announced it has completed work using its subsea smart plug launcher. The flangeless subsea plug launcher technology played a critical

EU Offers Norway Warm Words Not Pledges on Gas Investment

The European Union gave Norway reassurances about its importance as an energy partner on Friday, but stopped short of the pledges the non-EU member sought on gas demand and investment.

LNG Deliveries to Lithuania to Triple

LNG deliveries to Lithuania will triple to the end of September as a result of two new contracts signed by the country's Klaipeda terminal, its operator Klaipedos Nafta said on Friday.

Lithuanian Lietuvos Duju Tiekimas to buy LNG from Statoil

Lithuanian gas supplier Lietuvos Duju Tiekimas (LDT) said on Friday it would buy 300 million cubic metres (mcm) of gas from Norway's Statoil, to be delivered to the Klaipeda LNG terminal by October.

Obama's Call for $10 Oil Tax is DOA

President Barack Obama's final budget will propose a $10 per barrel oil tax, investing the proceeds in mass transit, high-speed rail, urban planning, highway upgrades and self-driving cars,

EU Clears Schlumberger's Acquisition of Cameron

The European Union executive on Friday cleared the purchase of equipment maker Cameron International Corp by Schlumberger, the world's No.1 oilfield services provider.

BG Profits Slip Before Shell Takeover

BG beats 2015 production target thanks to Brazil, Australia. Britain's BG Group, in its last results update before its takeover by Shell, reported a 22 percent

UAE Plans Floating LNG Import Terminal

State-owned Abu Dhabi National Oil Co. (ADNOC) plans to start a new liquefied natural gas floating import terminal (FSRU) in the second half of this year, three LNG industry sources said.

Loss-Making Production Unlikely to be Shuttered

Even as millions of barrels of oil are pumped at a loss at current prices, only a fraction of the production has been shut, industry research group Wood Mackenzie said on Friday.

Oil Steady, Weak Fundamentals Weigh

Speculative activity largely behind price volatility. Oil steadied on Friday in a volatile session, as bearish fundamentals pressured prices despite bullish indications earlier in the week.

Glencore to Lift Iranian Fuel Oil at Bandar Mahshahr

Anglo-Swiss commodity trader Glencore has chartered a ship to load Iranian fuel oil at the Iranian port of Bandar Mahshahr in a move that signals the return of

U.S. Energy MLPs May be Running Out of Road

Investment vehicles that funneled more than $100 billion into U.S. pipelines, storage and other facilities during the shale boom now face an existential crisis

Total Consortium Bids for Greek Offshore Block

France's Total in a consortium with Greece's Hellenic Petroleum and Italy's Edison has bid for one offshore gas drilling block in the west of Greece, an official

AAL Delivers First Cargo Shipment for PDVSA

Leading multipurpose shipping operator, AAL, has successfully delivered its first shipments of heavy lift cargo, destined for the Petroleos de Venezuela SA (PDVSA)

Shell pushes back investment decision on Canadian LNG project

British Columbia's ambitions to become North America's next major liquefied natural gas exporter took another hit on Thursday, as Royal Dutch Shell pushed back

Occidental Petroleum: No Plans to Cut Dividend

Occidental Petroleum Corp , the fourth-largest U.S. oil producer, says it has no plans to cut its dividend and is confident the outlay can be covered through a

Total Conducting Seismic Testing on Congo Oil Block

French oil major Total is conducting seismic testing on a block it operates in northeastern Democratic Republic of Congo, a company spokeswoman confirmed on Thursday,

Swiber Completes S. American Subsea Project

Swiber Holdings Limited has completed a multi-million dollar platform and subsea pipeline installation project in South America. The platform is considered to be

Hellenic Petroleum, Energean Get Bids for Greek Gas Search

Greece has awarded concessions to Hellenic Petroleum and Energean Oil and Gas for on shore gas exploration and exploitation in three fields, the Energy Ministry said on Thursday.

IMF to Consider Boosting Precautionary Financing

International Monetary Fund Managing Director Christine Lagarde said on Thursday that low oil and commodities prices would continue for some time, and the Fund

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