Work to restart Norway's Mongstad oil refinery will continue throughout the evening on Wednesday, following a power outage that shut the facility earlier in the day, operator Equinor said.The unexpected outage happened during routine maintenance on the site's power supply…
A weaker global economic growth outlook and a report of rising U.S. crude inventories weighed on oil prices on Wednesday, even as U.S. sanctions threatened to curb Iranian crude supplies.Benchmark Brent crude oil was down 60 cents a barrel at $71…
Oil major BP on Tuesday offloaded about 1 million barrels of Angolan crude from supertanker Olympic Light to an independent Chinese refiner after holding the oil at sea for about three months, people with knowledge of the discharge said on Wednesday…
Bay State Wind, an offshore wind joint venture between developer Ørsted and New England electric transmission company Eversource, announced a significant change to its proposed wind farm layout in response to feedback from fishermen and community members…
Oil prices edged lower on Monday as troubled emerging markets and trade tensions dented the outlook for fuel demand, though U.S. sanctions against Iran could mean tighter supply ahead. Brent crude futures fell 14 cents to $72.67 a barrel by 11:18 a…
The liquefied natural gas (LNG) carrier Pskov completed loading at the Port of Sabetta (YNAD), with the first cargo of LNG produced from the second high-tech production line at the Yamal LNG plant.August 08 marked the launch of the second production train at Yamal LNG…
Russia largely failed in its bid to overturn the European Union's gas market rules in a World Trade Organization ruling published on Friday.Russia launched the dispute in 2014, claiming that the EU's 'Third Energy Package' discriminated against…
China's decision to remove crude oil from its latest tariff list in an escalating trade war with the United States was a relief to state oil firms prompted by a strong lobbying effort by main importer the Sinopec Group, Beijing-based oil sources said…
Brave Tern, the 132-meter jack-up operated by Fred. Olsen Windcarrier AS, has completed a major crane refit at Damen Shiprepair Amsterdam.The main operation was the insertion of a 20-meter section into the main boom of the 800-tonne crane, allowing it to reach a height of 120 meters…
India launched its second auction of small discovered oil and gas blocks on Thursday, as the south Asian nation looks to quickly monetise its hydrocarbon resources.The bidding for 59 fields will begin in the first week of September and will close on Dec…
The North Sea physical oil market is letting off a distress signal - crude is once again being stored on ships – as production increases from major exporters threaten a fragile balance between global supply and demand.Reuters data shows nearly…
Oil prices fell on Wednesday after Chinese import data showed a slowdown in demand and as a trade dispute between Washington and Beijing escalated further.U.S. crude futures fell more than $1 per barrel to $68.13 after China said it was retaliating against U…
Russia's Rosneft more than triples Q2 net profit, shares hit recordRussia's largest oil producer Rosneft said on Tuesday its second-quarter net profit more than tripled to 228 billion roubles ($3.6 billion) on higher production and prices, pushing its shares to an all-time peak…
Saudi Arabia and Russia started to raise their oil production several weeks before the formal decision to increase output was taken by OPEC and its allies towards the end of June.Saudi Arabia increased its production to 10.49 million barrels per day (bpd) in June from 10…
Exxon Mobil's Papua New Guinea liquefied natural gas (LNG) export plant has offered a cargo for delivery in September, two industry sources said on Tuesday.The cargo is to be delivered into Japan, Taiwan, South Korea or China, and the tender…
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