Venezuelan PDVSA's refineries will operate at 43 percent of their total capacity in March due to a lack of spare parts, light crude and feedstock, according to an internal document from the state-run firm seen by Reuters on Wednesday. The company's domestic refining network…
A fire has erupted at the facility used by U.S. oil services company Schlumberger at Angola's oil logistics hub in the capital Luanda, the chairman of state-run oil company Sonangol told a news briefing on Wednesday. Schlumberger, the world’s largest oilfield services…
Algerian Energy Minister Mustapha Guitouni said on Tuesday that oil producers are seeking market stability and would meet in Riyadh in April to discuss ongoing efforts to curb output to support prices. 'We seek stability. The question is…
The Yomiuri newspaper reported on Tuesday that: -Japan's government will submit legislation early next month to boost the use of offshore wind power -Bill to allow operators to use sites for 30 years, from 3-5 years now…
OAS boss Almagro says regime 'has become more tyrannical.' U.S. weighs tougher sanctions after Tillerson tour. Sanctions should be stepped up against Venezuela's leaders and oil sector in response to the country's repressive political climate…
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…
The planned Nord Stream 2 gas pipeline connecting Germany and Russia poses no threat to Europe's energy security, Chancellor Angela Merkel said on Friday, publicly disagreeing with her Polish counterpart.Poland, Ukraine and Baltic states fear…
China's new crude futures contract faces a mountain of obstacles to overcome if it is to establish itself as a viable benchmark for trading with the world's largest oil importer. The Shanghai International Energy Exchange (INE), which is part of the Shanghai Futures Exchange…
Two employees of Brightoil Petroleum (Singapore) Pte Ltd were charged in court in the city-state this week for their alleged involvement in the theft of marine fuel on board a company barge, a company executive said in a statement on Thursday…
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…
International oil major Royal Dutch Shell's Russian business felt minimal impact from Western sanctions on Russia, the branch's head Sergey Starodubtsev said on Wednesday, adding the firm was fully compliant with international law. Shell Neft…
British oil and gas company BP will increase investment in the United States after the lowering of tax rates under President Donald Trump, Chief Executive Bob Dudley said on Tuesday. 'It is important for us, there is no doubt we will increase investments…
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…
China's support for Venezuela has benefited ordinary people and been broadly welcomed, the foreign ministry said on Monday after the U.S. Treasury accused China of aiding Venezuelan President Nicolas Maduro's government with murky oil-for-loan investments…
Russian Energy Minister Alexander Novak and Syrian Electricity Minister Mohammad Zuhair Kharboutli signed a 'road map' agreement for cooperation in the energy sector, the Russian Energy Ministry said on Wednesday. 'The road map provides…
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