BP to Relinquish Three Offshore Blocks in Uruguay

British oil major BP has halted its deepwater exploration activities off Uruguay as it prioritizes lower-risk projects at a time of low international prices, an

Egypt Says Finishes Work on New Suez Canal

Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and

Romania Indicts Lukoil's Petrotel Refinery for Money Laundering

Romanian prosecutors have indicted Russia's Petrotel Lukoil refinery in Romania and its director-general, who is a Russian citizen, in a 2 billion euro criminal probe,

NextEra Energy Partners to Buy Texas Pipeline Company

Renewable energy company NextEra Energy Partners said it would buy NET Midstream, a privately held company that develops natural gas pipeline assets, for $2.1 billion.

Kemp: Caught in the Cross-Fire Non-OPEC, Non-Shale Producers

The biggest losers from the current price war between OPEC and the shale producers seem set to be producers outside the Middle East and North America caught in the cross-fire.

Coal Miner Alpha Natural Files for Bankruptcy Protection

Coal miner Alpha Natural Resources Inc became the latest company to file for Chapter 11 bankruptcy due to a steep fall in coal prices. Walter Energy Inc and

China Slows as OPEC Grows

China’s stock markets have been suffering considerable volatility, sending the central government scrambling in an attempt to pick up the pieces to support the crashing market,

Noble Energy Beats Street on Higher Output

Oil and gas producer Noble Energy Inc reported a better-than-expected quarterly profit as higher production helped offset the impact of a slump in crude prices.

UK Gas: Oversupply, Weak Crude Pricing Drags

Within-day gas drops 1.68 percent; forward gas contracts weighed down by weak crude.   British gas prices fell on Monday due to an oversupplied network on rising domestic and Norwegian deliveries,

Sabotaged Iraq-Turkey Pipeline Ops Resuming Tuesday

Iraq's oil pipeline to Turkey is expected to resume pumping on Tuesday, Turkish energy officials have told Reuters, after sabotage by Kurdish militants halted crude flow last week.

Netherlands to Receive LNG Tanker on Aug. 4

Liquefied natural gas (LNG) tanker Arctic Princess is set to arrive at the Gate import terminal in the Netherlands on Aug. 4, shipping data on Reuters Eikon showed.

Noble Group Flags Potential Suitors

Noble says can fund $735 mln bond redemption due this week. Noble Group, Asia's biggest commodity trader, flagged potential support from strategic investors

EGAS: BW Gas Providing Egypt with Floating LNG Terminal

Norway-based BW Gas will provide Egypt with the country's second liquefied natural gas (LNG) floating terminal under a five-year contract, an official at state company EGAS told Reuters on Monday.

EU Suspends Halliburton, Baker Hughes Review

European Union antitrust regulators have suspended their review of Halliburton Co's $35 billion bid for oilfield services rival Baker Hughes Inc because the companies

Oil at Six-Month Low as OPEC Ramps Up

Brent hits lowest since late January as OPEC oil output hits new high in July. Oil hit six-month lows on Monday, knocked by fresh evidence of growing oversupply

Brazil Arrests Former Government Minister

Brazil's federal police on Monday arrested former government minister Jose Dirceu, ensnaring the most senior member of the country's ruling party yet in a massive

Diamond Offshore Profit Beat Street on Rig Demand

Total operating expenses also down 10.5 pct. Diamond Offshore Drilling Inc, one of the world's top-five offshore rig contractors, reported a much higher-than-expected quarterly profit,

Maintenance Suspends BP's Shah Deniz Platform Ops

British oil major BP has suspended operations on the Shah Deniz platform in the Caspian Sea as well as the Shah Deniz facility inside the Sangachal terminal for planned maintenance from Aug.

Harper Government Invests in Naufrage Harbor

  The Honorable Gail Shea, Minister of Fisheries and Oceans, announced today an investment to improve safety and working conditions for fishermen at Naufrage Harbor, Prince Edward Island.

Strategic Marine’s Stock Program Full Power Ahead

  Strategic Marine, the specialist shipbuilder and fabricator, has confirmed its stock program of personnel transport vessels is market-ready. “Our stock program

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