Energy

Russian Gas Flows to Bosnia down by a Third since Wednesday

Bosnia's gas flows from Russia were down by a third from requested volumes since Wednesday, distributor BH Gas said on Thursday, as the country faces rising demand

Rosneft Awaiting Any Saipem Sale Proposal

Russian energy giant Rosneft is waiting to see what Eni plans to do with its 43-percent stake in Saipem before deciding whether to buy into the Italian oil services company.

Cenovus Eyes Options for Its Freehold Properties

Cenovus Energy Inc , Canada's No.2 independent oil producer, said on Thursday it believes it is not realizing the full potential of its freehold lands and third-party

US, Europeans Row over Post-Fukushima Nuclear Safety Step

The United States is lobbying against an amendment to an international nuclear safety pact proposed by Switzerland, which Berne argues could help prevent Fukushima-style

KazMunaiGas Begins Roadshow in U.S., Europe Before Possible Debt Issue

Kazakhstan's state oil and gas company KazMunaiGas (KMG) said on Thursday it had begun a roadshow in Europe and the United States for a possible debt issue denominated in dollars.

EU Leaders Seek Climate Deal, But Divided Over Costs

New policy to replace existing 2020 goals EU to set tone for global climate change talks Poland leads objections, but is not alone European

Strike at EDF Nuclear Plants Cut Output by as Much as 7 GW

Striking workers at EDF's cut French nuclear production by as much as 7,000 MW on Thursday, a union leader from the hardline CGT union told Reuters on Thursday.

Libya's Elected Parliament Slashes Budget Due to Lower Oil Revenues

Libya's elected parliament has slashed this year's budget for the faction-ridden country by a fifth to $40 billion because a wave of worker protests in the first

Naftogaz CEO: $3.1 bln in Eskrow to Pay Russian Gas Bill

The chief executive of Ukraine's national oil and gas company Naftogaz told Reuters on Thursday that $3.1 billion had been set aside in a special eskrow account

U.S. Threatens to Sanction Buyers of Islamic State Oil

The Obama administration on Thursday threatened to slap sanctions on anyone buying oil from Islamic State militants in an effort to disrupt what it said was a $1 million a day funding source.

Czech and Slovak Prompt Prices Fall on Lower Consumption

Solar generation forecast to triple to 2.6 GW Czech and Hungarian Cal '15 prices fall Hungarian spot premium widens Czech and Slovak day-ahead

Oil Rises Above $85 on Saudi Supply Cut, Strong Data

Saudi Arabia increases output but cuts market supply Europe and China manufacturing beat expectations OPEC members unable to agree on cut Brent

MEPC Makes Progress on Energy Efficiency, Emissions

The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 67th session from October 13-17, 2014, at IMO Headquarters in London.

Wärtsilä Expects 5% Sales Growth

Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. According to Wärtsilä, third quarter

Italy's Local Utility Shake Up Seen Tempting China

 Italy wants to slash number of local utilities Keen for big four regional players to grow through acquisitions Measures could spur foreign, Chinese

Occidental Petroleum Profit Beats Expectations as Production Jumps

Occidental Petroleum Corp posted a better-than-expected quarterly profit on Thursday as U.S. oil production jumped. The company posted third-quarter net income of $1.

Rosfneft "Waiting for Proposal" on Saipem

The head of Rosfneft said on Thursday the Russian energy giant was waiting for a proposal to possibly buy a stake in Italian oil service company Saipem. "Saipem is not currently on the market,

Chevron Finds Oil in Deepwater US Gulf of Mexico

Guadalupe prospect adds to Chevron's portfolio in prolific Lower Tertiary Trend Chevron Corporation today announced a new oil discovery at the Guadalupe prospect in the deepwater U.

Russia Looking Haggard But Default Risks Low For Now

Fears are growing that Russia could face a dollar liquidity crunch if sanctions remain in force, though in the short term the default risk is limited given the central bank's firepower.

National Grid Hires Ex-GE Executive to Lead U.S. Business

Britain's network operator National Grid Plc has hired former General Electric Co executive Dean Seavers to replace the head of its U.S. business, the company said on Thursday.

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