US Grants Royalty Relief to Hard-hit Drillers
The Trump administration has granted royalty relief to several drilling companies producing oil and gas on federal lands in recent weeks, according to a government database…
South Africa Mulls First Shale Gas Exploration Licences
South Africa's government may award its first shale gas exploration licences by the end of September, after environmental objections delayed the process, a senior government official said on Monday.
US Natural Gas Storage Hits All-time High
The volume of natural gas in storage in the United States hit a record high last week, despite one of the smallest builds in history during this year's injection season…
Engie Considers Future of its LNG Unit
French gas and power group Engie is considering the future of its liquefied natural gas (LNG) business, which could lead to a reorganisation and maybe a sale, the firm's CGT union said on Monday.
Brexit Could Provide Boost for Britain's Shale Gas
Britain's shale gas industry could get a helping hand from a falling pound and a supportive new prime minister just as it is gearing up for its first production this year…
E.ON CEO urges shareholders to back spin-off plans
E.ON Chief Executive Johannes Teyssen on Wednesday asked shareholders to back the utility's plans to spin off Uniper, the operator of its conventional energy business…
BG Profits Slip Before Shell Takeover
BG beats 2015 production target thanks to Brazil, Australia. Britain's BG Group, in its last results update before its takeover by Shell, reported a 22 percent fall…
As Coal Wanes, Consumers Key for U.S. Rails
Investors in U.S. railroad stocks, who have been punished in 2015 by an accelerating decline in high-margin coal shipments, now are pinning their long-term hopes on a resurgence in consumer spending.
BMO Taps Roberts to Head Part of US Energy Team
Bank of Montreal said on Wednesday it has tapped Geoff Roberts to lead the U.S. acquisitions and divestitures practice of its global energy group. Roberts, who prior…
Low Energy Prices Signals Long Term Retrenchment
Industry slashes costs after price drop; longer period of low prices means sustainable cost cuts. The slump in crude prices has jolted the oil industry into deep cost cutting which…
Repsol Q1 Profit Up, Underlying Trend Disappoints
Exploration and production books 190 million euros loss; refining up but not enough to offset cheap oil effect. Repsol shares fell 3 percent on Thursday, despite…
Oman Pans OPEC Policies
Strongest public criticism of OPEC by Oman so far; Oman lacks huge financial reserves of other exporters. Omani oil minister Mohammad bin Hamad al-Rumhy sharply…
Skanska Looks to Buy U.S. Builders Specializing in Power Plants
Sweden's wants to buy more U.S. builders that specialize in power plant jobs as it seeks to capitalize on a building boom on the back of low energy prices, the company's incoming Americas chief said.
Fortum Shedding Swedish Power Grid
Finland's Fortum is expected to launch a sale of its Swedish power grid seen fetching around 6 billion euros ($7.5 billion) this month, three people familiar with matter said.
Saudi Could See Budget Deficit Next Year, Risks Draining Reserves
Saudi Arabia's state finances could fall into the red next year and the country could start running down its huge foreign reserves if it does not rein in the growth of government spending…
Eni's New Head Caught between Russia and New Frontiers
Claudio Descalzi faces a delicate balancing act as he takes the helm of Italian oil major Eni - guaranteeing Italy's gas supply by nurturing relations with Russia…
