Energy

Pemex Chief Touts Mexico's Energy Reform in Washington

While energy reforms have opened the door for Mexico's state-run energy company to expand overseas, its focus for now will be on developing its "low-hanging fruit," the head of Pemex said on Thursday.

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Imperial: Decision on Canadian LNG Project Distant

Imperial Oil Ltd said on Thursday it is not yet close to deciding on whether it will go ahead with a Canadian liquefied natural gas export plant it is exploring

Ukraine Haggles with Slovakia for Bigger Gas Shipments

Ukraine could sign a deal on Monday allowing the shipment of up to 10 billion cubic metres (bcm) of gas a year from Slovakia, ministers from the two countries said,

OSI to Integrate Software for UK Royal Navy

OSI Maritime Systems (OSI) announced the signing of a contract to integrate its flagship software, ECPINS-W Sub, into the U.K. Royal Navy’s T45 Destroyer Integrated Bridge System (IBS).

Offshore O&G: Cuts, Delays in Norway as Costs Soar

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off,

War of Words Drive Crude Higher

Putin warns of 'consequences' of Ukrainian army actions Brent crude futures rose by more than a dollar a barrel on Thursday as mutual accusations of aggression

Colombia Pipeline Shutdown Cuts Oil Output 7%

The month-long closure of a key Colombian oil pipeline following a bomb attack has cut the Andean nation's daily crude output by about 72,000 barrels, or about 7 percent,

Iranians Face Fuel Price Surge as Subsidies Cut

Iranians have rushed to gas stations to fill their cars before a price surge expected at midnight on Thursday, as President Hassan Rouhani pushes ahead with a policy to cut fuel subsidies.

Word Bank to Help Fund Hydro Dams in Burundi

The World Bank has approved a $100 million grant for power-starved Burundi to help fund two hydropower projects that will almost double the east African country's tiny electricity output,

MacArtney Swivel Solution for Scotrenewables Tidal Turbine

MacArtney has been selected to supply a custom designed Moog Focal swivel solution for a next generation tidal turbine developed by Orkney based tidal energy pioneer,

Puma Energy to Build Terminals, Boost Oil Sales in Asia

Puma Energy, partly-owned by Trafigura, expects to get a quarter of its revenue from the Asia-Pacific region in the next few years by building new oil import terminals and raising fuel sales volumes,

Delta SubSea, FoundOcean Ink Pipeline Deal

Delta SubSea LLC and FoundOcean, Inc. signed a strategic agreement today to provide subsea grouting and scour remediation services in Trinidad, Tobago and Venezuelan waters.

Russia's Lukoil Targets More Oilfields in Iraq

Russia's No.2 crude oil producer Lukoil said on Thursday it plans to develop more oilfields in Iraq after it began commercial production from the giant West Qurna-2 field last month.

Exxon Reopens UK Oil Pipeline After Theft Discovery

ExxonMobil said on Thursday that its Midline UK pipeline had resumed operations after its closure following the discovery of fuel theft and a tapping device.   Exxon,

Petroecuador Tenders to Buy High Octane Naphtha

State-run Petroecuador has launched two tenders to buy a total of 22 cargoes, 240,000 barrels each, of high octane naphtha RON 87 and 93 for delivery starting on May 21-23,

Spot Down on Warmer, Windy Weather

European spot power prices dropped on Thursday on forecasts for warmer weather and a rise in wind power production in Germany and France.   German baseload for Friday delivery was 1.

Fire Still Burning at Wyoming Natgas Facility

Fire is still burning at the Williams Cos Inc's natural gas processing plant in Opal, Wyoming, that exploded on Wednesday afternoon, a company spokeswoman said on Thursday.

Britain's Conservatives to End Onshore Wind Subsidies

British Prime Minister David Cameron's Conservative party pledged to end government subsidies for onshore wind farms if it wins a national election next year, increasing

Norway's Oil Sector May Face More Project Cuts, Delays

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off,

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