Energy

Marathon Lays off 46 at Galveston Bay Refinery

Marathon Petroleum Corp on Tuesday laid off 46 salaried employees at the company's Galveston Bay Refinery in Texas City, Texas, the company said. "This reduction

Shell CEO Warns Renewables Shift Could Spell End if too Swift

Royal Dutch Shell cannot switch too quickly to producing renewable energy without risking its dividend payments and even its very existence, the oil and gas group's chief executive warned.

Brazil Prosecutors Investigate Two Petrobras Pipe Suppliers

Brazilian police and prosecutors said they are investigating pipe suppliers Apolo Tubulars and Confab in the latest phase of a sweeping investigation of contracts

Areva Says Talks Difficult with Finland's TVO

French state-controlled nuclear group Areva said on Tuesday that talks with its Finnish customer TVO about the long-delayed Olkiluoto 3 reactor were "difficult".

Greens Urge Halt to G7 Nations' Funding for Overseas Coal

Environmental groups urged Group of Seven (G7) nations led by Japan and Germany to stop financing coal projects abroad, which they said amounted to $42 billion since 2007.

U.S. Refiners Enjoy Surge in Diesel Demand

U.S. refiners are enjoying their strongest diesel margins in months as surprisingly robust overseas demand, combined with lower domestic production has triggered

Total CEO: Total Reconsidering French Investments due to Strikes

French oil and gas company Total will "seriously reconsider" its investment plans in France due to strikes in the oil sector that forced the company to shut down refineries,

Gazprom, Pipe Producers Integrate Innovations

At the working meeting between Gazprom and pipe producers on innovations in the Russian pipe industry, chaired by Alexey Miller, Chairman of the Gazprom Management Committee,

Wood Group Bags Statoil MSA

Wood Group has been awarded an evergreen master services agreement (MSA) by Statoil to support the life cycles of its offshore  and onshore facilities. Work and

San Leon's Nigerian Production Deal Update

San Leon Energy plc the AIM quoted oil and gas exploration and production company focused on Europe and Africa provides the following update on its production deal on the OML 18 block,

ABB Saves 700,000 tons Fuel for Marine Vessels

ABB’s environmental friendly Azipod propulsion system brings greater fuel efficiency to diverse shipping segments ABB today announced the total fuel savings

Subsea 7 Awarded $1bn Wind Farm Offshore UK Deal

Subsea 7 S.A. informed today the details of the major(1) contract award that was first announced on 20 May 2016 . The contract was awarded by Beatrice Offshore Windfarm Limited (BOWL)(2),

French Oil and Port Workers Vote to Begin New Strikes

Oil sector workers of French CGT and FO unions voted on Monday to begin a strike at Exxon Mobil's 240,000 barrels-per-day Port Jerome refinery in northern France, the unions said in a joint statement.

Ensco Declares Cash Dividend

Ensco plc announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.01 per Class A ordinary share payable on June 17, 2016.

Eni Suffered No Impact from Regeni Case - CEO

The operations of Italian oil and gas major Eni in Egypt have suffered no impact from the killing of Italian researcher Giulio Regeni earlier this year, Eni CEO Claudio Descalzi said.

S&P Downgrades TVO to Junk Status

Ratings agency S&P on Monday downgraded Finland-based nuclear power producer Teollisuuden Voima Oyj's (TVO) long-term debt by one notch to BB+ from BBB- with a stable outlook,

Statoil Cancels Rig Contract with Seadrill

Statoil has, on behalf of the Aasta Hansteen licence, has canceled the contract with Seadrill for the West Hercules drilling rig.     On contract with Statoil since January 31,

Could UAE Solar Push Lead a Trend for the Gulf?

As the Gulf states take steps to expand their use of clean energy, a bold plan by the United Arab Emirates to boost its use of renewable electricity from less than

Oil Pares Loss on Report of Drawdown at Cushing

Oil prices pared losses on Monday morning after market intelligence firm Genscape reported a drawdown of nearly 1 million barrels at the Cushing, Oklahoma delivery point for U.

RSS Supplies Rigging Equipment for O&G Project in Cypress

Rope and Sling Specialists Ltd (RSS) has supplied over 1,000 units of below-the-hook equipment for major offshore oil and gas projects in Cyprus and Portugal. The

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