Energy

Additional Gas Supply Routes to Europe Mooted

  At a meeting between Alexey Miller, Chairman of Gazprom Management Committee and Han Fennema, CEO and Chairman of the Executive Board of Gasunie the two parties

New CEO for Evergas

  Evergas has appointed Steffen Jacobsen as CEO of the company as of 8 May 2015 Mr. Jacobsen joined Evergas 1 February 2015 as Vice President, Fleet after almost 35 years in Maersk.

Green Group Praises Bush on Climate Remarks

  Billionaire activist Tom Steyer's climate change advocacy group offered unexpected praise on Friday to Republican presidential hopeful Jeb Bush for saying the

U.S. Oil Drilling Faces Slow Recovery -Schlumberger

  An eventual recovery in U.S. oil drilling activity after the biggest slump in three decades may never reach last year's frenzied pace, according to the world's largest oilfield services company.

Petrobras covers 2015 financial needs with loans, sale

Brazilian state-run oil company Petroleo Brasileiro SA said on Friday it has approved a series of credit and sale operations to cover its financial needs for this year.

U.S. Calls for More Oil Train Inspections

  Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.

Crude Price Back Above Break-even for Canada Oil Sands Producers

Bolstered by a weak Canadian currency and robust demand from U.S. refiners, Canadian heavy oil prices have rebounded off first-quarter lows and surpassed the break-even point for most producers,

India Takes "Significant Step" in HFC Decision

  India's surprise decision to agree to phase-down the use of a potent greenhouse gas after years of opposition is a "significant step" toward global action to address climate change, the U.

Texas House Approves Gutting Municipal Fracking Bans

The Texas House overwhelmingly approved a bill on Friday that would give the state the exclusive right to regulate the oil and gas industry, and gut the power of

US Oil Rigs Drilling Declines to Lowest Since 2010

The fall in the number of U.S. rigs drilling for oil slowed this week, data showed on Friday, although the number of active rigs has fallen for a record 19 weeks

Argentina Launches Lawsuit Against Falklands Oil Drillers

Argentina announced on Friday it had started legal proceedings in one of its own courts against five British and American companies drilling for oil and gas in the Falkland Islands,

Energy Industry Funds Tropical Cyclone Research

Global energy companies have joined forces to fund new research aimed at advancing tropical cyclone forecasting in Northern Australia to further improve offshore

Schahin Files for Bankruptcy Protection in Wake of Scandal

Twenty-eight units of Brazilian engineering firm Grupo Schahin filed for bankruptcy protection on Friday as fallout from a corruption scandal at key client Petróleo

Icebreakers Ordered for Neft’s Novy Port Project

Aker Arctic’s icebreaker design selected for Gazprom Neft’s Novy Port project   Aker Arctic and Vyborg Shipyard have confirmed a contract for the design of two

US Proposes Higher Royalty Rates for Drilling Federal Land

The U.S. government would get a larger share of oil and gas revenue from federal land under a proposal the Interior Department is expected to announce on Friday.

BP Shareholders Back More Disclosure on Climate Change Risks

BP shareholders voted overwhelmingly on Thursday to publish regular updates on how its strategies were affecting climate change from next year, making it one of

British Independent Energy Supplier in Stake Sale Talks

Independent British energy supplier Ovo Energy, one of the leading challengers to the country's big-six energy groups, is in talks to sell a minority stake in a

Schlumberger Shares Rise as Cost Cuts Impress

Schlumberger Ltd's shares rose as much as 3.3 percent on Friday, after tight cost controls helped the world's No.1 oilfield services provider report higher-than-expected margins in the first quarter.

Statoil Committed to End Routine Flaring by 2030

Statoil and several other oil companies and nations joined together today to commit, for the first time, to end the practice of routine gas flaring at oil production sites by 2030.

Kemp: Prospect of Nuclear Deal is Already Weighing on Oil Prices

Lifting sanctions on Iran's oil industry could significantly change the outlook for oil supply and prices, the head of the U.S. Energy Information Administration told U.

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