World's Largest Wealth Fund Cites Paucity of Good Green Energy Deals
While societal, political and corporate pressure continue to push innovation on renewable energy, the world's largest wealth fund is apparently having trouble identifying…
Tanzania State Oil Company Chief Reinstated
The former head of Tanzania's state company oil is being reinstated by Tanzanian President John Magufuli, after the executive was suspended in 2016 over claims of abuse of office…
Sri Lanka Approves LNG Plant Near Chinese-controlled Port
Sri Lanka's state-run investment body has approved a $500 million liquefied natural gas plant by China Machinery Engineering Corp near a Chinese-controlled port and industrial zone…
W. Africa Crude-Angolan Oil Trades on Spot
Nigerian crude sells into tenders, while Angolan trades more quickly on spot. * ExxonMobil had purchased two of the three Olombendo cargoes sold this week, traders said.
Clean Energy Investment Rose to $333.5 Bln in 2017
New clean energy investment worldwide rose by 3 percent last year to $333.5 billion from a year earlier, driven by a surge in solar photovoltaic (PV) installations, research showed on Tuesday.
Lebanon Passes Oil Tax Law
Lebanon made progress in its efforts to develop a hydrocarbons industry on Tuesday when lawmakers passed a petroleum tax law, as companies prepare to bid on a first…
Egypt delays third LNG terminal until electricity needs determined
Egypt will delay plans to rent a third liquefied natural gas import (LNG) terminal for one month, until the ministry of electricity determines its LNG needs, an…
South Africa's fuel fund Heads Resign After Chevron bid
The heads of South Africa's state-owned Strategic Fuel Fund resigned on Friday, a day after the Department of Energy said it would investigate the fund's unauthorised…
Attack Damages Oil Pipeline South of Libya's Zueitina Port
Maintenance teams are working to repair damage caused by an attack on an oil pipeline south of the Libyan port of Zueitina, a spokesman for the pipeline's guards said on Monday.
Dubai, Qatar Climb; Gulf Navigation Surges
Stock markets in Dubai and Qatar rebounded in early trade on Sunday in response to strong global markets, though Abu Dhabi was dampened by weak earnings from Union National Bank.
Port Harcourt Refinery Restarts, Products Pipeline Fixed
Nigeria's Port Harcourt refinery has started ramping up production following maintenance, state oil company Nigerian National Petroleum Corp said on Wednesday. NNPC…
Advanced Insulation Expands Houston Facility
Having reported an increase in sales activity from the North America market in recent months, UK-based Advanced Insulation informs it is expanding its Houston-based operation with an additional 10…
Merkel Calls for Speedy Implementation of Iran Deal
German Chancellor Angela Merkel hailed the nuclear deal signed between Iran and six world powers as "an important success" and said she hoped the agreement could be implemented quickly.
Tropical Storm Bill Pelts Texas Coast
Tropical Storm Bill punched the Texas coast with heavy rains and strong winds on Tuesday, the National Weather Service said, just three weeks after floods killed about 30 people in the state.
Advanced Insulation Adds US Sales Managers
In a move to strengthen relationships with customers and key suppliers in the North American oil and gas market, Gloucester-based Advanced Insulation – a manufacturer…
U.S. Warns of Possible Attacks on Western Oil Workers in S. Arabia
Western oil workers in Saudi Arabia may be the target of militant attacks, the U.S. embassy warned on Friday. "The U.S. Embassy has information stating that, as of early March…
FTSE Hit by Decline in Energy Stocks, Worries over Greece
A fall in major energy stocks and worries over the political outlook in Greece knocked down Britain's top equity index on Monday. The blue-chip FTSE 100 closed down 2 percent at 6,417.16 points.
Denmark Claims Slice of Arctic Continental Shelf
Denmark has claimed ownership of around 900,000 square kilometers of the continental shelf in the Arctic Ocean by filing documents to United Nations. "The submission…
Investors Gamble Forest Preservation Will Pay Off in Carbon Markets
Some private investment companies are looking to profit from preserving forests in developing countries, betting that the emissions reductions can be sold in future carbon markets.
Petrodollars Leave World Markets for First Tme in 18 Years
Energy-exporting countries are set to pull their "petrodollars" out of world markets this year for the first time in almost two decades, according to a study by BNP Paribas.
