Eletrobras says Compensation for Hydro Plants Could be $330 mln

  Brazil's state-run utility Eletrobras said on Friday a report into six hydroelectric plants found the assets had a remaining value of 1.3 billion reais ($332

Brazil Court Allows Lula Questioning in Petrobras Corruption Case

  Brazil's Supreme Court authorized the questioning by Federal Police of ex-President Luiz Inácio Lula da Silva as a witness in a broadening corruption case focused

Finland's Regional LNG Import Terminal Plan Dropped

  Finland's gas utility Gasum said on Friday it has dropped plans to build a regional liquefied natural gas (LNG) import terminal and a gas link to Estonia, citing

NH Court Upholds Water Pollution Judgment Against Exxon

  New Hampshire's top court on Friday upheld a $236 million judgment against Exxon Mobil Corp over groundwater contamination linked to gasoline additive MTBE. The

Oil Bull Hall's Fund Widens Loss

  Hedge fund manager Andy Hall, one of the most avowed oil bulls, had losses of about 7 percent in September, bringing the year-to-date decline to more than 20 percent,

NOVATEK, NLMK Ink Gas Supply Deal

  OAO NOVATEK and NLMK Group signed five-year natural gas supply contracts. The contracts envisage overall supply of 2.8 billion cubic meters of natural gas per

Australia’s Diesel Displacement Solar Plant Commissioned

  First Solar, Inc. Rio Tinto and the Australian Renewable Energy Agency (ARENA) today announced Australia’s first commercial diesel displacement solar plant has

Canada's Syncrude Resumes Normal Operations

Canadian Oil Sands Ltd said normal operations have resumed at Canada's largest synthetic crude project, Syncrude, following a fire in August.   The company is

Nigeria's Former Oil minister Arrested in London

Nigeria's former oil minister Diezani Alison-Madueke was arrested in London on Friday, a source from Nigeria's presidency circle and another with links to her family said.

Tidal Power Turbines Installed in Dutch Eastern Scheldt

Mammoet, a provider of engineered heavy lifting and transport, announced it has completed the installation of a Tidal Power Plant (TPP) in the Netherlands. Working with Tocardo Tidal Turbines,

Australian LNG Supply Weighs on Prices as Exports Pick Up

Asian liquefied natural gas (LNG) prices for November delivery extended losses as new Australian supply hit the market and demand remained subdued.   The price

US Oil Drillers Cut Rigs for 5th Week

U.S. energy firms cut 26 oil rigs in the latest week, the biggest reduction since April and the fifth straight weekly decline, data showed on Friday, a sign low

Saipem Confident Will Prove it is Not Liable in Algeria Trial

Italian oil contractor Saipem said on Friday it was confident it would be able to prove that there were no grounds for the company to be held liable in a corruption trial.

Saipem to Stand Trial in Algeria Corruption Case

A Milan judge on Friday ruled that Italy's Saipem and five people should stand trial on charges the oil services group paid bribes to win contracts in Algeria, legal sources said.

India Announces Plan to Slow Greenhouse Gas Growth

India has promised to shave a third off the rate at which it emits greenhouse gases over the next 15 years, in a long-awaited contribution towards reaching a deal to slow global warming at a U.

Saipem Finalizing Bank Pool for Cash Call, Debt

Italy's Saipem is finalizing a banking consortium to put the troubled oil contractor on a solid financial footing and run a cash call of more than 3 billion euros ($3.

Saudi Arabia Continues Energy Investments Despite Oil Price Drop

Saudi Arabia is continuing with its investments in the oil and gas industry even with the current drop in oil prices, the kingdom's oil minister was quoted as saying on Friday.

PG Flow Solutions Acquires Calder

PG Flow Solutions AS (PG), majority owned by Norvestor VI, L.P. has acquired 100 percent of the shares in the U.K. high-pressure pumping specialist Calder ltd.   Calder’s founder and chairman,

Statoil Enters UK License for Alfa Sentral Project

Statoil announced it has acquired First Oil’s 24 percent equity share in the U.K. license for the Alfa Sentral field for $15 million on October 2, 2015. Alfa Sentral is a c.

Gazprom, Wintershall Complete Asset Swap

  Gazprom and Wintershall Holding completed the asset swap. As a result of the deal, Gazprom increased its share in European gas trading and storage companies WINGAS,

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