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Glencore Acquires Rio Tinto's Hail Creek Coal Mine

Mar 20, 2018

Glencore consolidating in coal as Rio exits; Rio Tinto shares rise 0.9 pct, Glencore slips. Glencore is buying Rio Tinto's Hail Creek coal mine and the Valeria coal project in Australia for $1.7 billion, tightening the Swiss trading and…

Total Renewables Unit Targets Africa's Power-Starved Mining Sector

Mar 19, 2018

Total's renewable energy unit said on Monday it had opened the world's largest solar-thermal hybrid plant in Burkina Faso, the first of what it hopes will be many projects supplying the African mining industry's growing need for power.Total…

Statoil to Rebrand as Equinor

Mar 15, 2018

Rebranding would cost up to $32.5 mln but firm plans to ramp up renewables investment.  Norway's Statoil plans to change its name to Equinor, reflecting its commitment to become a broad energy company rather than one focused only on oil…

FERC Mulls Action on NY Denial for NatGas Pipeline

Mar 15, 2018

U.S. federal energy regulators gave themselves more time to decide whether to rehear their earlier order upholding New York's denial of a water permit for Williams Cos Inc's Constitution natural gas pipeline from Pennsylvania to New York. The…

S.Korea Fuel Oil Imports Soar

Mar 14, 2018

South Korea's move to shut coal-fired generators to control air pollution at the same time as nuclear reactors are going into scheduled maintenance is resulting in surging fuel oil imports, as utilities burn the dirty feedstock to meet power demand…

US States Slow Trump Offshore Oil Drilling Expansion Plan

Mar 12, 2018

The Trump administration's plan to broadly expand drilling in U.S. offshore waters is moving slowly due to opposition from coastal states and indifference from oil companies that have turned their focus to other opportunities. The administration hopes encouraging U…

Shell's Gas Production Could Dwarf Oil By 2050 -CEO

Mar 07, 2018

Royal Dutch Shell could boost the share of natural gas production to triple that of oil in order to meet self-imposed goals to halve carbon emissions by 2050, Chief Executive Ben van Beurden said on Wednesday.Speaking at the CERAWeek conference by IHS Markit in Houston…

Total Lubmarine debuts Environmentally Lubricant

Feb 24, 2018

Total Lubmarine has announced the introduction of a new grease product: BIO OG PLUS – an innovative addition to an already comprehensive Environmentally Acceptable Lubricant (EAL) range. Specifically formulated for sensitive applications such as open gears and chains under high load…

Sembcorp Industries' Energy Arm Files IPO Papers

Feb 24, 2018

Sembcorp Energy India, an independent power producer, filed draft papers with capital markets regulator Sebi to float an initial public offering (IPO). The company, which has thermal and renewable power assets in India, is promoted by the Singapore Exchange-listed Sembcorp Industries…

TransCanada Seeks Okay for LA Cameron Access

Feb 16, 2018

TransCanada Corp's Columbia Gulf Transmission unit on Friday filed with U.S. federal energy regulators to commence service on its Cameron Access natural gas project in Louisiana on March 1. The $300 million Cameron Access projects includes…

Vestas Bets on Geared Turbines in Tough Wind Markets

Feb 09, 2018

Geared turbines said to be cheaper than direct drive rivals and the wind power industry is facing severe cost pressures. Vestas is betting on geared wind turbine technology to meet the ambitious profit-margin target it promised when it reported quarterly results on Wednesday…

California to Ban Crude from Trump Offshore Drilling Plan

Feb 07, 2018

California will block the transport of petroleum from new offshore oil rigs through its state, officials told Reuters, a move meant to hobble the Trump administration’s effort to vastly expand drilling in U.S. federal waters. California's…

Sweden to Invest $18 million in Northvolt Battery Plant

Feb 05, 2018

Sweden will invest 146 million crowns ($18 million) in a multibillion-euro project to build Europe's biggest battery cell plant in the north of the country, its Energy Agency said on Monday. Swedish company Northvolt, whose CEO Peter Carlsson used to work for Tesla…

Greenpeace Appeals after Losing Norwegian Arctic Lawsuit

Feb 05, 2018

Environmental groups launched an appeal on Monday after an Oslo court rejected their arguments that Norway's oil and gas exploration in the Arctic violates citizens' right to a clean environment. Greenpeace and Nature and Youth disputed the Oslo District Court's verdict last month…

BP Says Gas will Overtake Oil as Main Energy Source by 2040

Jan 31, 2018

BP expects gas to overtake oil as the world's primary energy source in around 2040 as demand for the least polluting fossil fuel grows, its vice president for strategic planning said on Wednesday. 'We see it (gas) take over from coal in the early 2030s…

Current News

ADNOC Cuts Short Two Shelf Drilling Rig Contracts

ADNOC Cuts Short Two Shelf Drilling Rig Contracts

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China's 2020 Refinery Output Rises to Record. Offshore Oil Production Grows

Israel and Four Arab States Discuss Energy Sector

Israel and Four Arab States Discuss Energy Sector

Ex-Petrofac Exec Pleads Guilty to Bribery Offenses

Ex-Petrofac Exec Pleads Guilty to Bribery Offenses

U.S. Blacklists China's CNOOC over South China Sea Actions

U.S. Blacklists China's CNOOC over South China Sea Actions

MOL, Bombora Targeting Wave Energy Opportunities in Japan

MOL, Bombora Targeting Wave Energy Opportunities in Japan

Energean Sanctions Karish North Gas Field Project. Gets $700M Loan

Energean Sanctions Karish North Gas Field Project. Gets $700M Loan

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