Energy

Oil Tumbles on Selling Ahead of Close, Brent Down 5%

Brent oil was on track for its sharpest loss in a month, falling 5 percent in Monday's afternoon trade, and U.S. crude futures gave back early gains to turn negative

Petronas to Decide on Canada LNG Project by June

Malaysia's Petronas expects to make a final investment decision on an $11 billion liquefied natural gas (LNG) export terminal in British Columbia by the end of June,

Venezuela Uses 'F Word' to Discredit Fracking

Venezuela is not mincing words with a new exhibition titled "F---ing Fracking" that denounces the environmental toll of hydraulic fracturing in the United States.

Interview: Nakilat's Samir Bailouni

SGMF Membership - Uncovered: An interview with Samir Bailouni, Nakilat The Society for Gas and Marine Fuel (SGMF) recently interviewed one of its members, Samir

VEB Could Lend Novatek's Yamal LNG $1 Bln

Russian state development bank VEB could lend Novatek-led Yamal LNG project around $1 billion, Russian news agencies quoted VEB Chairman Vladimir Dmitriev as saying.

Dutch Govt. Apologizes for Gas Field Causing Quakes

The Dutch government apologised on Monday for ignoring risks posed by earthquakes caused by production of natural gas in the northern province of Groningen.   The

LTE Deployment Launched in the Gulf of Mexico

Industrial LTE wireless broadband services provider Infrastructure Networks, Inc. (INET) is deploying a pilot LTE system in the Gulf of Mexico.   INET said its

Valero Energy Partners Buys Two Subsidiaries

 Valero Energy Partners LP announces acquisition of certain Valero terminaling businesses for $671 million    Valero Energy Partners LP announced that the board

Magellan, PAA to Build Saddlehorn Pipeline

Magellan Midstream Partners, L.P. and Plains All American Pipeline, L.P. have formed Saddlehorn Pipeline Company, a 50/50 limited liability company, to construct,

Russian Tycoon, Britain Clash over North Sea Deal

Russian billionaire Mikhail Fridman on Monday said he would buy a number of gas licenses in the North Sea despite British opposition, threatening legal action if

Cheap Oil Threatens Debt Squeeze for Smaller North Sea Producers

Small and mid-sized independent oil producers in the British North Sea could face a financing squeeze this year as banks cut lending linked to the value of oil reserves,

DLA Piper to Merge with Canada's Davis LLP

Law firm DLA Piper is expanding into Canada, merging with Davis LLP, the two firms said in a release on Monday. Davis, which was founded in Vancouver in 1892

Eniram to Provide Boil-off Management for LNG Sector

Eniram Limited, the Finnish provider of energy management technology and data analytic services to the shipping industry, announced that it is releasing an onboard

Lithuania May Not Extend Long-Term Deal with Gazprom

Lithuania may not extend its long-term natural gas import deal with Russia's Gazprom after the current one expires at the end of 2015, as it has gained access to global LNG markets,

US Crude Positive After Smaller Cushing Build

U.S. crude futures turned positive on Monday after Genscape reported a smaller-than-expected build in the Cushing, Oklahoma delivery point for oil, market sources said.

Ecosse Subsea Land Seabed Clearance Contract

Ecosse Subsea Systems (ESS) has signed a Letter of Intent with ABB for a seabed clearance and trenching project in the north of Scotland.   The Aberdeenshire-based

Russia's Novatek May Ignore Forex Losses for Dividends

The management of Russia's No. 2 gas producer Novatek will propose calculating dividends without taking into consideration losses from a weaker rouble, Novatek's

Poland Refuses to Increase Payments for Building LNG Terminal

Poland will not agree to meet the expectations by the Italian firm Saipem to increase payments for the construction of its liquefied natural gas (LNG) terminal in the Baltic city of Swinoujscie,

MET Holding Gets Syndicated Market Loan

Swiss-based energy sales and trading group MET Holding AG signed a 400 million euro syndicated market loan with five banks late last month, ING Bank , one of the

Russia's Novatek: No Delays on Yamal LNG Project

Yamal LNG, a project to produce 16.5 million tonnes of liquefied natural gas per year, is proceeding without delays, Mark Gyetvay, chief financial officer of Russia's No.

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