PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

Starwood Energy to Acquire Ohio Wind Project

Starwood Energy Group Global, LLC, a private investment firm focused on energy infrastructure, announced today that an affiliate has completed agreements to acquire

Colombia Could Lower Oil Price Projections for 2015 and 2016

Colombia may revise down its projections for the price of oil in 2015 and 2016, Finance Minister Mauricio Cardenas said on Wednesday, feeding concerns that the

PDVSA to Invest $20b to Boost Refining Capacity

Venezuelan state oil company PDVSA plans to invest $20 billion to expand its domestic refining capacity by 20 percent, a company official said on Wednesday, without

Demand for Subsea Vessels to Accelerate

Douglas-Westwood (DW) anticipates subsea vessel demand will experience accelerated growth in the coming years at a rate of 7% CAGR. In DW’s new World Subsea Vessel Operations Market Forecast,

Oil Slips after Big Jump in US Crude Stocks

Oil slipped towards $86 a barrel on Wednesday after a U.S. government report showed a large rise in crude stocks, halting a tentative recovery from a four-year low.

Will You Make the Most of North Sea Decommissioning?

Recent reports indicate that the scale of opportunity arising from North Sea decommissioning is growing, with industry set to spend at least $56.16billion by 2040.

Nautilus Moves Closer to Securing Escrowed Funds

Nautilus Satisfies Intellectual Property Condition Precedent Nautilus Minerals Inc. announced it has satisfied the first of the two conditions precedent to its

E.ON, VNG Sell Local Gas Grid to CBA

German utility E.ON and gas firm VNG AG have sold their jointly owned regional gas grid EVG Thueringen to First State Investments, the asset management arm of Commonwealth Bank of Australia (CBA) , E.

Kenya Power Says Full-Year Pretax Profit Up

Kenya Power reported a 55 percent jump in its full-year pre-tax profits to 10.2 billion shillings ($114.35 million) driven by increased sales of electricity, higher

Chile Government Backs Controversial Alto Maipo Dam Project

The Chilean government gave strong backing for the first time on Wednesday to a controversial dam project under construction in a valley near Santiago, which angry

Futures Rise, Physical Quiet on Mild Weather

API2 2015 contract up 2 pct at $72.90/tonne Trade in physical coal markets quiet European thermal coal futures rose on Wednesday afternoon, tracking oil prices,

EU Nations Threaten to Block Green Energy Rules at Summit Talks

New policy to replace existing 2020 goals EU to set tone for global climate change talks Poland leads objections, but not alone EU leaders

Glacier Energy Services Appoints New Heat Transfer Division MD

Energy  sector service group Glacier Energy Services confirmed the appointment of Jim McAleese as managing director of its newly-formed heat transfer division. McAleese,

Wind Generation Drop Boosts Czech and Slovak Spot Prices

Large Hungarian spot premium disappears Wind generation forecast at 3.1 GW National holiday in Hungary saps demand A big drop in expected wind

Iran's Khamenei: Oil Reliance Putting Country at Mercy of Big Powers

Iran's dependence on oil revenue is putting the Islamic Republic's economy at the mercy of major powers, Supreme Leader Ayatollah Ali Khamenei said on Wednesday.

Gulf Craft to Invest $100m in Dubai Shipyard

Company plans to invest $100 million over the next five years in the development of a new shipyard in Dubai Maritime City to build a global luxury yachts manufacturing

Hungary Aims to Boost Competition to Build South Stream Pipeline

Hungarian parliament's economic affairs committee has proposed legal changes to boost competition among potential builders of Gazprom's South Stream gas pipeline,

Russia's Rosneft Asks For Over $48 b From State Wealth Fund

Rosneft, Russia's top oil producer hit by Western sanctions, has asked for more than 2 trillion roubles ($48.52 billion) from the National Wealth Fund, Finance

Germany: Prices in ETS Must Rise

Certificate prices in Europe's Emissions Trading Scheme (ETS) must rise in order for the system to be effective in fighting climate change, a senior German official said on Wednesday.

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