Logistics

Ecuador Inks Supply Deal with Thailand

Ecuador's state oil company Petroecuador has signed a crude oil supply agreement with a division of Thailand's state-run PTT under which the Andean country will receive a $2.

U.S. Nuclear Operators Look to Save Plants

The U.S. nuclear industry has made a last-minute push to urge the Obama administration to protect the country's 100 nuclear units in its forthcoming carbon rule

Tumbling Prices Slam Profit at Exxon Mobil, Chevron

Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

West Africa's August Crude Exports to Asia to Slip

West African crude oil exports to Asia were expected to fall to 1.84 million barrels per day (bpd) in August, Reuters data and a survey of traders showed.     Slower

TransCanada Remains Committed to Keystone Pipeline

TransCanada Corp, the Canadian company behind the controversial Keystone XL pipeline, remains committed to the C$8 billion ($6.2 billion) project, the company's head said on Friday,

Russia: New Sanctions Deepen Confrontation

New U.S. sanctions against Russia show that Washington wants to aggravate tensions with Moscow, Russian Foreign Ministry said in a statement on Friday. "Such

Enbridge Mulls M&A in Gas, Power Generation

Enbridge Inc, Canada's largest pipeline operator, is considering natural gas and power generation acquisitions to help boost the diversity of its asset base, the company's CEO said on Friday.

BASF Joins Nord Stream Pipeline Expansion Plan

German chemicals group BASF said on Friday it has signed a memorandum of understanding to join the group of companies intending to expand the Nord Stream pipeline

OPEC Output Hits New High in Market Share Push

OPEC oil output reached the highest monthly level in recent history in July, a Reuters survey found on Friday, as Saudi Arabia and other key members show no sign

South China Sea Hotline in the Works

China and Southeast Asian nations have agreed to set up a foreign ministers' hotline to tackle emergencies in the disputed South China Sea, a senior official of

Sinopec Restructures Overseas Unit

BEIJING, July 31 (Reuters) - Chinese energy giant, Sinopec Group, is relocating nearly 40 percent of its staff in its global exploration and production unit back to its headquarters,

Chevron Q2 Profit Plunges 90 Percent

Oil producer Chevron Corp reported a 90 percent drop in second-quarter profit on Friday as falling oil prices eroded results. The company posted net income of $571 million,

First LNG Deal on Japan's OTC Exchange

The first liquefied natural gas (LNG) non-deliverable forward deal has been struck on Japan's over-the-counter market, the Japan OTC Exchange said on Friday, nearly

Exxon Q2 Profit Slips on Low Prices

Exxon Mobil Corp, the world's largest publicly traded oil company, on Friday reported a 52 percent slide in second-quarter profit as tumbling crude oil prices weighed on results.

Calais Port Blocked Again by Protesters

Protesting ferry-workers blocked road access to the northern French port of Calais with burning tyres on Friday, police said. The workers have in recent weeks

TransCanada Beats Street

TransCanada Corp , the country's No. 2 pipeline company, reported a higher-than-expected quarterly profit on Friday, boosted by higher earnings from both its Keystone line,

Gazprom Export Launches Gas Auction

Gazprom Export on Friday launched an auction of an additional 3.24 billion cubic metres of gas to northwest Europe for the coming winter, providing relief following

Oil Falls After OPEC Weighs in

Brent heads for fifth weekly fall in a row. Oil prices fell on Friday as concern over global oversupply intensified after oil producers' cartel OPEC indicated

Pipeline Operator Enbridge Q2 Profit Up

Enbridge Inc, Canada's largest pipeline company, reported a higher-than-expected rise in quarterly adjusted profit, helped by increased throughput as producers moved more oil by pipes than on rail.

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