The European Commission approved on Wednesday new government support terms to the liquefied natural gas (LNG) terminal at the Klaipeda seaport, after the Lithuanian authorities changed some of the conditions it got approval for already in 2013…
The delay of a U.S. Gulf Coast liquefied natural gas (LNG) export project has crystallized fears that the U.S. trade battle with China is hampering efforts to line up buyers needed to move ahead with multi-billion-dollar builds.The United States…
The United States will become a key source of energy supplies to meet growing demand globally, with innovation in technology and financing set to boost U.S. oil and gas production in the next decade, the country's top energy diplomat said.'In the next 5-10 years…
The Philippines has short-listed three different groups to build and operate its first liquefied natural gas (LNG) import terminal and hopes to nominate one by November, its energy minister said on Tuesday.Short-listed companies were chosen from 18 groups that submitted proposals for the project…
A Turkish drilling ship will start operating in the Mediterranean Sea on Wednesday, 100 km (62 miles) off the coast of Antalya province, Energy Minister Fatih Donmez said, adding it would aim to open two drill holes annually.Donmez made the…
Oil prices dropped on Friday, heading for a third weekly loss after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded the outlook for fuel demand.Brent crude oil fell $1.12 or 1.5 percent to a low of $75…
U.S. crude stocks rose last week as refineries cut output, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday.Crude inventories rose by 6.3 million barrels in the week to Oct. 19, compared with analyst expectations for an increase of 3…
Peru has suspended exports of natural gas and will impose fuel rationing due to technical issues at Argentine energy company Pluspetrol's operations in the country, it said on Thursday.Peru, one of South America's largest producers of natural gas…
Iraqi Oil Minister Jabar al-Luaibi issued a decree transferring the ownership of nine state-owned oil companies from the oil ministry to the newly-formed National Oil Company which he also heads, a ministry spokesman said on Thursday.Luaibi…
Pakistan's new government will seek to renegotiate agreements for two liquefied natural gas (LNG) import terminals, the country's petroleum minister said on Thursday.Petroleum Minister Ghulam Sarwar Khan said the previous government agreed to…
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