Tokyo Gas announces share purchases after H1 profits fall by 84% due to lower gas prices
Tokyo Gas, Japan’s largest city gas provider, posted a 17.2 billion yen (112 million dollars) net profit for the first half of this year to September. This is down 84% compared to the same period last year…
Polish refiner Orlen suffers a loss in Q2 due to tax payments and lower gas prices
Orlen, a state-owned oil refiner in Poland, reported a loss of 10 million zlotys (40 million dollars) for the second quarter of 2009 compared to its net profit of 6 billion zlotys the year before.
Indonesia Plans New Gas Pricing for Industrial Users
Indonesia plans to unveil a new gas pricing policy for industrial customers in March in a bid to lower energy costs for manufacturers, Energy and Mineral Resources Minister Arifin Tasrif said on…
Keenan Leaves Apache Corp
Oil and gas industry veteran Steven Keenan, who was credited with a high-profile shale discovery for Apache Corp, resigned on Wednesday from his position as senior vice president of worldwide exploration…
Halliburton Profit Beats Estimates
Halliburton Co on Monday beat analysts' estimates for second-quarter profit as its Completions and Production unit outperformed expectations, pushing its shares up 6.8 percent in early trading.The Houston…
Shell Outperforms Rivals in Q1
Royal Dutch Shell reported on Thursday a small drop in first quarter profit to $5.4 billion, but still easily beat forecasts, helped by stronger trading and liquefied natural gas earnings.Shell's…
Record Number of U.S. Motorists Forcasted for July 4 holiday
The number of Americans traveling by car for the Fourth of July holiday will hit a record high this year, fueled by a growing economy and relatively low gasoline prices, the nation's largest motorists' advocacy group said on Thursday.
PA Pipeline Spat Could Upend International Oil Flows
Refiners from the Midwest United States are fighting for access to a vital Pennsylvania pipeline – a move that could cripple their East Coast competitors and redraw the map for international flows…
BHP Hires Barclays to Divest US Shale Assets
BHP has hired Barclays to divest its U.S. Fayetteville shale gas assets as the miner seeks to fend off an attack by activist funds, two sources close to the matter said on Tuesday. BHP said last…
Australia Plans to Limit LNG Exports
Australia's conservative government unveiled a radical plan on Thursday to restrict exports of liquefied natural gas (LNG) at times when domestic shortages push up local prices, aiming to ease soaring energy costs for local manufacturers.
IEA Sees Slower Global Gas Demand Growth to 2021
Growth in natural gas demand will slow to an average 1.5 percent a year globally through 2021, as stagnation in Europe and uncertainty about Chinese consumption offsets robust growth in India,…
Major Shifts in Global Gas Trade in Next Five Years - IEA
The next five years will bring a reshaping of the global gas trade, the International Energy Agency (IEA) said Wednesday in its 2016 Medium-Term Gas Market Report. New liquefied natural gas (LNG)…
NOIA Praises Effort to Lift Crude Oil Export Ban
Today, Congress passed the Omnibus Appropriations bill, H.R. 2029, which includes a provision lifting the existing U.S. crude oil export ban. U.S. oil exports will strengthen America’s national…
Gazprom Raises 2015 Gas Export Forecast -Interfax
Russia's Gazprom has raised its gas export forecast to 155-160 billion cubic metres (bcm) for 2015 from 146.6 bcm in 2014, Interfax news agency on Thursday quoted Gazprom's deputy head Alexander Medvedev as saying.
GDF Suez Q1 Core Profit Falls 10%
GDF Suez posted a 10 percent drop in first-quarter core earnings due to lower gas prices and the outage of two Belgian nuclear plants but left its 2015 forecasts unchanged. The French gas and power group…
US Lawmakers Give Preview of Oil Export Fight
U.S. lawmakers gave a preview on Thursday of a looming fight next year on lifting the ban on crude exports with supporters saying it would sustain the drilling boom and others questioning its impacts on industry and fuel prices.
Lithuania Inks First Statoil LNG Deal
Lithuania seeks to cut dependence on Russia; Statoil to supply 0.54 bcm of gas per year. This will cover about 20 pct of Lithuania's demand. Lithuania signed its first liquefied natural gas purchase deal with Norway's Statoil on Thursday…
Talisman Energy Posts Surprise Loss
Talisman Energy Inc, Canada's fifth-largest independent petroleum producer, reported a surprise loss, hurt by lower gas prices in North America and higher royalty payments on production. The company…
Statoil's 2Q 2014 Results
Statoil's second quarter 2014 net operating income was NOK 32.0 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.3 billion. “Statoil…
Gas Prices Help Offset Statoil's Output Drop
Statoil's second quarter 2014 net operating income was NOK 32 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.3 billion. “Statoil delivered…
