Fuels & Lubes

Latvia Drops Bid to Buy E.ON's Gas Utility Stake

Latvia's government has abandoned talks to buy a 47.2 percent stake in Latvian gas utility Latvijas Gaze from Germany's E.ON, the country's prime minister said in a television interview on Tuesday.

Iraq Approves $278 mln Oil Deal with Halliburton

Iraq's cabinet approved on Monday a $278.5 million drilling deal with U.S. oil service company Halliburton for the southern West Qurna- 1 oilfield, according to a government statement.

Strong Winds Weigh on Spot Prices

Hungarian premium persists Serbia water levels forecast to rise Cal '15 prices drop Forecasts for increased wind production in the region drove

Nigeria Wealth Fund Chief Says Investment Plans Unaffected by Weak Oil

Nigeria's sovereign wealth fund said its investment programme over the next six months, including on infrastructure, will go ahead, even as revenues that provide

Pemex: Bay of Campeche Evacuation to Have Minimal Crude Impact

Mexican state oil giant Pemex said on Tuesday the evacuation of 15,000 workers from over 60 platforms in the Bay of Campeche because of bad weather was partial

Congressional Study Questions Embargo-Era Oil Policies

Lifting restrictions on U.S. crude oil exports could actually lower fuel prices for U.S. motorists and other consumers by contributing to a drop in world oil prices,

Oman Oil Eyes Local Oxy Assets

Oman Oil Co. is in talks with Occidental Petroleum Corp to buy a minority stake in its assets in the Gulf Arab sultanate, the Omani firm's chief executive said on Tuesday.

Ukraine, Russia, EU Try to Finalize Gas Deal

Differences over debt, prepayments; Ukraine struggling to secure funds for gas payment. Russia says hopes to finalize a deal. Russia and Ukraine aim to resolve

Finances Delay Norway Oil Projects

Several Norwegian oil and gas projects with development plans due next year will be delayed because of high costs and technological challenges, while several will also go ahead,

EU Syria Sanctions Now Target UAE Firms

EU follows U.S. lead with sanctions on Pangates; asset freezes, travel bans on 12 Syrian ministers. military figures, oil trading executives also targeted. The

US Offers Mediators for INA-MOL Energy Row

Croatia government, MOL at odds over INA for years; USA proposes international mediators, cites energy concerns. Both sides launched arbitration suits last year.

EU Governments Agree to Ban Jet Fuel Exports to Syria

European Union governments agreed on Monday to ban the export of jet fuel to Syria because it is being used for air attacks on civilians, the EU said. The step

Somalia Aims to Get Oil Flowing by 2020

Call for oil majors to lift force majeure Petroleum ministry talking with regional governments Improved offshore security should enable exploration Somalia

Brent Crude Oil Futures Fall $1 per Barrel on Global Oversupply

U.S. and Brent crude oil futures each fell over a dollar to $81.79 and $84.75, respectively, on concerns about global oversupply. Abundant global oil supplies,

Prompt Prices Gain on Renewables Drop, Demand Gain

Bulgaria reconnects reactor after planned outage Proposed gas deal would see Ukraine through the winter Wind generation forecast lower at 9.2 GW Central

Cyprus: Turkish Vessel Encroaching on its Offshore Gas Areas

Turkish research vessel, frigate south of Cyprus coast Cypriot govt says research attempt violates sovereignty Turkey doesn't recognise Greek Cypriot

PDVSA Confirms Crude Imports

Venezuelan state oil company PDVSA confirmed late on Sunday reports that it is importing light crude to blend with extra-heavy oil from the Orinoco belt. PDVSA

Kiev/Moscow Gas Deal Sign of Progress, More Details to Set

German Chancellor Angela Merkel said on Monday a gas deal struck between Ukraine and Russia was a sign of good progress, but there were still details to be worked

Oil Slips Below $86 on Global Oversupply

OPEC ministers due to meet in Vienna on Nov. 27 Key oil producers resist output cuts despite glut Rival governments claim to control Libya's oil

LNG America, Buffalo Marine to Design LNG Bunker Fuel Network

LNG America announced it has entered an agreement with Buffalo Marine Service, Inc. (Buffalo Marine) to cooperate on the design of an LNG bunker fuel network for the U.

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