Energy

UN Warns of Sanctions for Oil Trading with Syria, Iraq Militants

The U.N. Security Council expressed grave concern on Monday over reports that radical militants have seized oilfields and pipelines in Syria and Iraq and warned

Alstom Wins $450m Contract in Mexico

French engineering group Alstom said on Monday it had won contracts worth around 335 million euros ($450.24 million) to equip an Iberdrola power plant in Mexico.

Ferguson Group Enhances European Presence

In a move to expand its presence in the European energy markets, Ferguson Group, specialists in the rental of DNV 2.7-1 / EN 12079 certified offshore containers,

Rockets Ignite Fuel Tanks Near Tripoli's Airport

The huge fire from fuel tanks near Tripoli's international airport that has been ignited by rockets attack is out of control as clashes between rival militias have resumed in the area,

Valemon Topsides Installed

On Monday, July 28, the topsides were lifted into place on the steel jacket on the Valemon field in the North Sea. Produced by Samsung Heavy Industries this is

Ukraine - Would Sanctions on Russian Energy Work?

The downing of flight MA17 has prompted calls for further sanctions on Russia targeted at its energy sector. Russia is the world’s largest exporter of natural gas

Russia Sanctions Concerns Lift Curve Prices

German Cal '15 posts new 4 1/2-month high Firm gas, carbon, coal forwards interact with power Spot mixed, Germany up on calm, more overcast weather The

Japanese Hedge Fund Challenges Regulators

A small Japanese hedge fund has made a rare challenge against financial regulators over a 2010 insider trading case, disputing a finding that one of its fund managers

Tripoli Airport Ablaze, Rockets Leave Libya in Chaos

Diplomats flee Libyan chaos; Politicians appeal for international intervention. Clashes in Tripoli, Benghazi kill around 160 over two weeks, while Libyan capital face fuel, power shortages.

Britain Sets Out Shale Rules with New Oil & Gas Round

Licenses first step in exploration process; Additional guidance issued on natural beauty spots. Accenture: Shale development still 5-10 years away. The British

Kemp: Higher Oil Price Forecasts Misjudge Shale Boom

"The world of energy may have changed forever," according to Professor James Hamilton of the University of California. "Hundred dollar oil is here to stay." Hamilton,

Statoil Okayed to Extend Heimdal Gas Unit

Norway's oil safety watchdog has given Statoil permission to operate its oil and gas facilities at the Heimdal field until 2034, beyond earlier plans for operations until 2021, it said on Monday.

Oil Below $108 on Excess Supply, Weak Demand

Demand weak in Europe and Asia but supplies ample; Gaza fighting subsides with Hamas backing 24-hour truce. U.S., EU prepare more sanctions on Russia over Ukraine.

Exxaro buys Total's Coal Assets

Mining group Exxaro said on Monday it had acquired South African coal assets of French oil company Total for $472 million. Exxaro, South Africa's second-largest

Russian Gas via Ukraine to EU Normal on Monday

Russian natural gas flows to the European Union through Slovakia via Ukraine were running normally on Monday, Slovak pipeline operator Eustream said. Russia

Russian Shares, Rosneft Underperform after Yukos Ruling

Court orders Moscow to pay $51 billion in Yukos case; Rosneft received most of now-defunct Yukos's assets. Markets fear further sanctions. Shares in Russia's

Japan, Mexico Sign Carbon Trade Deal

Japan and Mexico have signed a deal for Japanese companies to earn carbon credits by investing in technology to cut greenhouse gas emissions in Mexico - in Japan's 12th bilateral carbon agreement.

Investors Dump Higher Oil Bets as Prices Fall

Brent net longs cut by 34,786 contracts to 117,195; Gasoil net longs down 13,947 contracts to 20,604. Cuts follow big fall in prices. Hedge funds and other

Investors Dump Higher Oil Bets as Prices Fall

Hedge funds and other large speculators cut their bets on higher Brent crude oil and gasoil sharply in the week to July 22, IntercontinentalExchange Inc. said on Monday,

Britain Opens New Onshore O&G Licensing Round

The British government said on Monday it had opened a new licensing round for companies wanting to explore for onshore oil and gas in a move aimed at speeding up shale exploration.

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