Activists End Occupation of Arctic Drill Rig
Greenpeace activists climbed down from a Seadrill drilling rig in Norway on Tuesday and are no longer occupying it, the environmental group told Reuters.The rig, which was boarded by four activists on Monday, will be used next month by Equinor to explore for oil and gas in the Arctic.(Reporting by Gwladys Fouche, Writing by Terje Sol
Dana Gas swings to net profit in 2017
United Arab Emirates energy producer Dana Gas swung to a net profit of $83 million in 2017 from a net loss of $88 million a year earlier after a $1 billion payment as part of a settlement with the Kurdistan Regional Government (KRG). The company's revenues were also boosted…
Indonesia Police Say Interpol Issues Red Notices for 3 Sinopec Execs
Indonesian police said on Tuesday Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud linked to a more than $800 million Sinopec oil terminal development in Indonesia. China Petroleum and Chemical Corp…
Under pollution alert, Beijing orders 1,200 factories to shut
Beijing's city government has ordered 1,200 factories near the Chinese capital, including an oil refinery run by state oil major Sinopec and a Cofco food plant, to either shut or cut output following its highest possible air pollution warning. Environmental authorities…
China April Oil Imports Rise 7.6 pct
China's imports of crude oil rose 7.6 percent in April from a year ago, customs data showed on Sunday, lifted by continued strong demand from domestic private refiners. The high April inflows were a result of the strong appetite of small domestic independent "teapot" refineries.
China Passes New Pollution Law, Will Cap Coal Consumption
Legislators have approved amendments to China's 15-year-old air pollution law that grant the state new powers to punish offenders and create a legal framework to cap coal consumption, the Asian giant's biggest source of smog. The draft amendments were passed by 154 votes to 4…
Filipino Fishermen Remove Chinese Buoys near Disputed Shoal
Filipino fishermen found several buoys with Chinese markings near the disputed Scarborough Shoal and towed the devices back to shore northwest of the capital, Manila, Philippines officials said on Sunday. China seized control of the rocky outcrop in the South China Sea…
Japan Atomic Power to Bifurcate to focus on decommissioning
Japan Atomic Power Company is considering splitting itself into two units, seeking to restructure its business to focus on the decommissioning of nuclear reactors on behalf of regional utilities, the Nikkei business daily reported on Saturday. The plan appears to reflect…
Cameco Uranium Mine Stops Production
Canadian miner Cameco Corp suspended production at the world's largest uranium mine after the union representing more than 500 workers refused to take the company's offer to workers for a vote, Cameco said on Friday. The company said in a statement it made its "final offer" to the union on Thursday and asked that workers vote on it.
Karoon Gas Shares Jump 60% After Stakes Sale
Shares in Australia's Karoon Gas Ltd jumped more than 60 percent on Monday after the oil and gas explorer said it had sold its stake in the Browse Basin offshore gasfield to Origin Energy Ltd for up to $800 million. Karoon shares rose as much as 65 percent and were up 62.6 percent at A$4.00 in early trading…
More Than 3,000 Chinese Evacuated From Vietnam After Violence
More than 3,000 Chinese nationals have been evacuated from Vietnam, state news agency Xinhua said on Sunday, following deadly rioting that stemmed from an outpouring of rage over Chinese oil drilling in a disputed area of the South China Sea. The violence was triggered…
China Condemns Vietnam Over Violent Riots
China 's Foreign minister condemned Vietnam in an Urgent Phone Call with the Southeast Asian Country's Deputy Prime minister over Anti-Chinese protests that have killed up to 21 people, the Official Xinhua News Agency reported on Friday. Foreign Minister Wang Yi told Vietnamese…
NZ's Trustpower Ltd Year Profit Down 75
New Zealand power company Trustpower Ltd's full-year profit fell 7 percent because of lower generation production and margins, as well as a decline in customers, the company reported on Friday. Trustpower said net profit after tax was NZ$115.12 million ($99.50 million) for the year to March 31…
Saudis Keep June Crude Supply Steady To 1 Asia Buyer
Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least one Asian term buyer in June, unchanged from May, an industry source familiar with the matter said on Friday. The OPEC kingpin has supplied full contractual volumes to most Asian buyers since late 2009.
Thailand's PTTEP Buys Hess Assets in $1b Deal
PTT Exploration and Production Pcl (PTTEP), Thailand's top oil and gas explorer, has bought Hess Corp's assets in Thailand in a $1 billion deal as part of its attempt to boost its gas business, the company's CEO said on Wednesday. "The deal is worth $1 billion. We have…
Major Oil Explorer Buys Hess Thailand
PTT Exploration and Production Pcl (PTTEP), Thailand's top oil and gas explorer, has bought Hess Corp's assets in Thailand in a deal worth $1 billion as part of its attempt to boost its gas business, the company's CEO said on Wednesday. "The deal is worth $1 billion. We…
Woodside Q1 earning up, no Leviathan deal
Woodside Petroleum, Australia's largest independent oil and gas producer, reported a 5 percent rise in first quarter production on Thursday but said it had not yet finalised a deal to take a stake in Israel's Leviathangas field. Woodside had been expected to invest up to $2.7 billion in Leviathan last month…
Padbury Mining Secures $6.5 Bln Port Funding
Australia's Padbury Mining Ltd said it had secured almost $6.5 billion in funding to build a new deepwater port and railway at Oakajee in Western Australia, potentially opening a new export hub for the region's iron ore riches. Plans for a port at Oakajee in Western Australia's…
