Energy

Brazil Presidential Candidate Silva Moots Price on Carbon

  Brazilian presidential candidate Marina Silva plans to put a price on greenhouse gas emissions and implement a national carbon market if elected, according to policy proposals released on Friday.

Oil Higher on Ukraine Tensions

Crude oil prices posted their second straight monthly losses, despite rising on Friday on worries that the intensifying Ukraine crisis may trigger more sanctions and as U.

SBM Offshore Completes Real Estate Divestment

  SBM Offshore is pleased to announce that is has completed the sale and lease back of its Monaco real estate portfolio.  The last of the three buildings was sold

Athabasca Completes Dover Stake Sale to PetroChina

  Canada's Athabasca Oil Corp said it had closed the sale of its 40 percent interest in the Dover oil sands project to a unit of PertroChina Co Ltd for $1.18 billion.

Pemex Sees Avg Crude Output 2.4 mln bpd in 2015

  Mexico's state oil giant Pemex on Friday forecast its crude oil output would average 2.4 million barrels per day (bpd) in 2015 versus an expected average of 2.

Keppel T & T Appoints Lim Chin Leong to its Board

Keppel Telecommunications & Transportation Ltd (Keppel T&T) has strengthened its Board with the appointment of Mr Lim Chin Leong as an independent, non-executive

Too Eager to Drill for Arctic Oil - Greenpeace

  Greenpeace's ship, the Esperanza, is still on station in the Arctic to expose renewed Norwegian efforts to drill for oil in this pristine environment. Last

Skangass Granted Permission for LNG Terminal

  The Swedish Government (Länsstyrelsen in Dalarnas Län) has granted Skangass permission to build and operate a new Terminal for LNG (Liquefied Natural Gas) within the harbour in Gävle, Sweden.

Med Crude-Urals Rallies in the Baltic in Surgut Tender

Russian Urals crude ended the week on a strong note in the Baltic with oil firm Surgut allocating two cargoes loading in mid-September at almost $1 per barrel stronger

East and South China Sea Disputes Need Creative Diplomacy

China and the United States appear headed for a damaging confrontation over the extent of China's territorial claims in the South and East China Seas. Now that

Statoil Sells 75% of Gas to Europe at Spot Prices

Norway's Statoil, Europe's second-biggest gas supplier, now sells around three-quarters of its gas at spot prices, its gas trading head said, in a shift from oil-linked

Ukraine: No Progress in Russia Gas Talks

Ukraine's Energy Minister Yuri Prodan said on Friday that Kiev was disappointed by a "lack of constructive approach" from Russia on gas talks, which have already

Why the Shale Revolution Is Not about to End

Doubts about the sustainability of the North American oil and gas boom centre on rapidly declining output from many shale wells after they are initially drilled.

Iraqi Kurdistan Oil Shipments Reach 8.8m Barrels

Iraqi Kurdistan has shipped 8.8 million barrels of oil from the Turkish port of Ceyhan since May, Turkish Energy Minister Taner Yildiz said, as the autonomous region

Czech, Slovak Day Ahead Falls, Hungary Gains

Czech and Slovak day ahead power fell on Friday due to falling demand at the weekend but outages helped drive Hungarian spot prices higher, traders said. On regional exchanges,

Somalia Takes Kenya to UN Court in Oil Rights Row

Somalia filed a suit against Kenya at the U.N.'s highest court, seeking to resolve a long-running dispute over lucrative oil reserves in the Indian Ocean. Somalia

Russia's Surgut H1 Net Profit Down 19%

Russia's Surgutneftegaz posted 134.1 billion roubles ($3.6 billion) in net profit for the first six months of the year, down 19 percent from a year ago, the company said on Friday.

Brent Oil Rises on Ukraine Crisis But Heads for Monthly Fall

Brent crude oil rose towards $103 a barrel on Friday as escalating violence in Ukraine kept Europe's markets on edge, but prices remained on track for a monthly

Lower Demand, Higher Solar Weighs on Prompt

European spot power prices edged down on Friday on forecasts for a small drop in electricity consumption in Germany and France by Monday and a small rise in solar power production.

Cheaper Energy Cut Canadian Industrial Prices

Canada's industrial prices and raw material prices fell in July from June, in both cases because of cheaper energy, according to Statistics Canada data released on Friday.

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