Oil Tumbles 5 pct after Greek "No" Vote (Update)

Greek 'No' to bailout terms hits global financial markets; China imposes emergency measures to support stock markets. Oil prices tumbled their most  in three months on Monday, with U.

Siemens Could Still be Interested in Alstom

Siemens could still be interested in buying power-generation assets from French rival Alstom on the same terms it offered a year ago if General Electric's deal to buy them falls through,

Rosneft: Regulator Approves Control in Brazil's Solimoes

Russia's top oil producer Rosneft said on Monday that Brazilian regulator has cleared a purchase of 55 percent stake in oil and gas project in the Solimoes Basin from PetroRio,

K&L Gates Welcomes Martinko

The Washington D.C., office of global law firm K&L Gates LLP has welcomed Stephen Martinko as a government affairs counselor in the public policy and law practice.

Velocys Suspends CEO over Alleged Misconduct

Velocys Plc, whose technology is used to convert gas to liquid fuels, said on Monday it suspended Chief Executive Roy Lipski, pending an investigation into "serious allegations" of misconduct.

Austria Sues EU over UK Nuclear Plant

Austria launched legal action on Monday against the European Commission over its backing of British plans for the $24.9 billion development of the Hinkley Point nuclear power plant,

Ukraine to Create $1 bln Energy Fund

Ukraine has ordered state-run energy firm Naftogaz to create a fund worth to $1 billion to finance the purchase, transport and storage of gas, the government said on Monday.

Valor: Petrobras to Shed Braskem Stake

State-controlled oil producer Petróleo Brasileiro SA could sell a stake in Brazil's  Braskem SA and build provisions against tax debts nearing 40 billion reais ($12.

AGL Writes Down Coal-Seam Gas Assets

AGL Energy Ltd, Australia's No. 2 energy retailer, said it will sell three coal-seam gas licences back to the government and write down the value of several more underperforming projects,

South African Union Mulls Options over Glencore Layoffs

South Africa's National Union of Mineworkers is considering taking legal action against the government if Glencore cuts over 600 jobs at its Optimum Coal unit, it said on Monday.

U.S. Ethanol Makers Expand Despite Uncertainty

Some U.S. ethanol producers are racing to bring on capacity, pushing output to fresh highs even as soaring corn prices tighten margins and the nation's biofuels program faces prolonged uncertainty.

Oil Falls 3 pct After Greek 'No'

Greeks vote 'No' to terms of debt bailout. Oil prices fell more than 3 percent on Monday after Greece rejected debt bailout terms and China rolled out emergency

ST Marine Launches First LMV for RSN

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Launching ceremony for the first

Antwerp Joins “One Belt, One Road” Taskforce

“One Belt, One Road” is a Chinese development strategy launched at the end of 2013 that focuses on connectivity and cooperation among countries primarily in Eurasia.

Egypt Debt to Foreign Oil Cos at $3.5 bln

  Egypt's debts to foreign oil companies stood at $3.5 billion dollars at the end of June, a 6.1 percent increase from March, an official at state-owned Egyptian

Chorus Clean Energy to go ahead with IPO despite Greece crisis

  Chorus Clean Energy  will stick to its plan for a stock market listing, which it delayed due to market turmoil caused by Greece's debt crisis, its chief executive told a newspaper.

Petrobras Deploys new production ship in Lula field

  A new oil and gas production ship arrived in the Iracema Norte area of the Lula field, Petrobras said on Friday, a key step in efforts by the Brazilian state-run

India's Videocon plans $2.5 bln Brazil O&G Investments

  India's Videocon Industries Ltd plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, the consumer electronics-to-energy group's chief said,

Indonesia Expects Total to Decide on Mahakam within days

   French oil firm Total  will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days, the

Asia-N Europe Container Freight Rates Jumps 60%

  Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose by 60.4 percent to $879 per 20-foot container (TEU) in the week ended on Friday,

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