Sources say that BP is looking for buyers to buy its US Natural Gas Pipeline System stake.
Four people familiar with the matter have confirmed that BP is looking for buyers to take a stake in their U.S. Natural Gas Pipeline Network. Two people have said that the British energy company may be able to raise $3 billion through the sale.
Has Green Hydrogen Sprung a Leak?
The green hydrogen express is gathering pace, but it may have a worrying problem with leaks.As governments and energy companies line up big bets on the much-touted fuel of the future, some scientists say the…
Incoming Shell Boss Aims Fire up Renewables Drive
Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business, including through a possible "transformative" clean power acquisition, company and…
Angola LNG Returns to Market with June Lifting
Angola's recently refurbished liquefied natural gas (LNG) export project launched a tender late on Sunday to sell its first cargo since the plant was unexpectedly shutdown in April 2014, trade sources said.
Galp Energia Holds Five-year Sell Tender of Nigerian LNG
Portugal's Galp Energia is holding a tender to sell four to six Nigerian liquefied natural gas (LNG) cargoes annually over five years, trade sources said. Galp is a long-term buyer from the Nigerian LNG export project on Bonny Island…
Fitch Places Noble Group on Watch for Downgrade
Fitch Ratings has placed commodities trade house Noble Group on watch for a potential downgrade, which would take the company's credit rating to junk status. Fellow ratings agencies Standard and Poor's and…
Oil Resumes Rise After Brief Pause
Oil prices rose on Monday, extending recent gains, building on three weeks of higher prices and reversing earlier losses from traders taking profits. Front-month Brent crude was trading at $45.45 per barrel at 1302 GMT…
Oil Down on Trader Profit Taking
Expected rise in OPEC supply to weigh; U.S. rig count down to 2009 levels. Oil prices slipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets.
Oil Up as IEA Projects Big non-OPEC Output Drop
Iran reaffirms plan to regain market share; analysts say rebalancing will largely depend on U.S. Crude prices firmed on Thursday after the International Energy Agency (IEA) said 2016 would see the biggest fall in non-OPEC production in a generation…
LNG Tanker Creole Spirit Headed for Portugal from US
The Creole Spirit liquefied natural gas (LNG) tanker is destined for Portugal from the U.S. Sabine Pass project, two trade sources said. Creole Spirit is the sixth cargo to be exported by Cheniere Energy Inc's project and the first to come to Europe.
Mitsui Looks to Sell Stakes in UK Power Assets
Japan's Mitsui & Co is looking to sell its stakes in U.K. power assets including First Hydro Company and four fossil fuel plants, two sources familiar with the matter said on Thursday. A Mitsui & Co spokesman declined to comment.
Trading Houses Predict Cautious Rise in Oil Prices
Oil prices have probably bottomed out and will rise from now on though the recovery will be slow due to a huge stocks overhang, some of the biggest oil trading executives said on Tuesday. "The downturn in oil markets is behind us ...
Andurand Capital Sees Large Oil Inventory Draws From Next Year
Prominent oil trader Pierre Andurand said on Tuesday he expects global oil stocks will stop growing in the next few months and there will be large inventory draw downs from next year. Andurand, the managing…
LNG Prices Retreat on Soft Demand
Asian spot prices for liquefied natural gas (LNG) extended their fall this week on slack demand, although production issues in Australia helped stem losses. LNG for May delivery in Asia traded at around $4.20 per million British thermal units (mmBtu)…
LNG Trade Routes in Flux as New Supply Brings Price Convergence
Australia's ascent to liquefied natural gas (LNG) producing giant is choking off trade routes from Atlantic to Pacific markets established after Japan's Fukushima nuclear disaster, giving rise to new routes.
Vitol's 2015 Revenue Sinks 38% to $168 Bln
Vitol's 2015 revenue fell 38 percent to $168 billion in "challenging" market conditions, the commodity trader said on Tuesday. The world's largest independent energy trader's sharp fall in revenue came despite…
Qatargas Looks to Expand LNG Supply to UK, Netherlands
Qatargas is looking to Britain and the Netherlands in an effort to weather a looming global glut of gas supplies by expanding import deals into Europe's most liquid markets, industry sources said. The world's…
Prices Ease Though Argentine Demand Limits Losses
Argentina tenders for 19 cargoes. Asian spot prices for liquefied natural gas (LNG) eased under pressure from growing supplies though fresh demand from Argentina limited losses, traders said. LNG for May delivery…
Argentina Awards 15-Cargo LNG Tender
Argentina has awarded a tender to buy 15 liquefied natural gas (LNG) cargoes for delivery April through May, picking suppliers which include Trafigura, Statoil, BP and Gazprom , according to trade sources.
European Coal Market Pressured by Supply Glut
Peabody Energy says may seek bankruptcy protection. European thermal coal held near multi-year lows on Wednesday, as the market remained in oversupply, limiting any potential gains. European cargoes for nearby delivery into Amsterdam…
