Energy

Refiners: Cheap Gasoline Demand Will Grow

The largest U.S. independent refiners are bullish on domestic gasoline demand as super-cheap fuel and the lure of bigger vehicles entice more consumers. Valero

Three Dead on Pemex Platform, Fire Under Control

Three workers were killed and at least seven injured when a fire broke out on a Pemex oil processing platform in the Gulf of Mexico, but the latest in a string of incidents is now under control,

Norway will be Lithuania's 2016 Top Gas Supplier

Lithuania will import more gas from Norway than from former sole supplier Russia in 2016 after developing infrastructure to support liquefied natural gas (LNG) imports,

Anglo American's CEO: No Quick Commodities Rebound

Anglo American's chief executive said on Monday the mining industry had itself to blame for oversupply in the market and cannot rely on a reversal of the commodities price slump anytime soon.

Big Oil Shrinks and Plots the Way Forward

Companies seek to safeguard growth for when market recovers. As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades,

Allianz, BofA Invest in U.S. Wind Farms

Marks first wind investment by Allianz in USA; combined volume at more than 600 mln euros. Allianz and Bank of America are investing in two onshore wind parks developed by French utility EDF,

Emerging Markets Hit by Commodities, Credit and Currencies

The global economy is being hit by a slowdown in growth, large swings in exchange rates and tumbling commodity prices. These three factors are often portrayed

India's Fading Product Exports Contrast China's Boom

One of the dominant themes in Asia's oil products markets is the rise of Chinese fuel exports, so much so that the decline in shipments from India barely gets mentioned.

Consol Energy Nominates Southeastern's CEO to Board

Consol Energy Inc said on Monday it nominated Bernard Lanigan, the chief executive of Southeastern Asset Management Inc, the coal and natural gas producer's largest shareholder,

Sound Energy to Acquire Meridja Area, Morocco

Sound Energy, the Mediterranean and European focused upstream gas company, announces that it has signed a binding agreement with Oil & Gas Investment Fund S.A.S

Top Deck Rejig at Yara

 Yara International ASA announces organizational and management changes, to improve strategic focus and execution. "After spending recent months visiting numerous Yara sites,

Transocean's Discoverer Deep Seas Contract Terminated

Transocean Ltd. (NYSE: RIG) announced today that Murphy Exploration & Production Company - USA, a subsidiary of Murphy Oil Corporation, has elected to terminate

Rosneft, Statoil Start Well Testing at North-Komsomolskoye Field

Rosneft and Statoil commenced testing of two production wells of highly viscous oil of the PK1 layer of the North-Komsomolskoye field. The companies are implementing

Total's Production Starts from Laggan-Tormore Fields

Total has started-up production from the Laggan and Tormore gas and condensate fields, located in 600 meters of water in the West of Shetland area. The fields will produce 90,

Bear Head to Export to Non‐FTA Countries

The U.S. Department of Energy (DOE) has issued final authorization for Bear Head LNG Corporation and Bear Head LNG (USA), LLC (together Bear Head LNG) to export

Total Signs Deal to Supply LNG to China's ENN

 Total SA has signed an agreement to supply liquefied natural gas to ENN Energy in China, according to a news release on the French energy company's website.   The deal is for 0.

New York Orders Probe after Radioactive Leak at Reactor

 A nuclear power plant north of New York City has leaked water contaminated with radioactive tritium into the groundwater below the facility, sparking an investigation by state officials,

Iran's crude oil sales to Europe Exceed 300,000 barrels

 Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran's crude oil sales to Europe after the lifting of international sanctions on Tehran had already reached above 300,

Linn Energy CEO Eligible for $6.9 mln Award

The chief executive officer of Linn Energy LLC, a U.S. oil and gas company that is exploring strategic options and looking for ways to fix its balance sheet, is eligible for a $6.

U.S. Ethanol Futures Soar on Hopes of Brazil Demand

U.S. ethanol prices <0#1ZE:> jumped to December highs on Friday, bolstered by hopes export demand, particularly to Brazil, will help draw down near-record stockpiles of the gasoline additive.

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