Europe Gas Terminal Group Sees Transport Use for LNG
European operators of large and underused liquefied natural gas (LNG) terminal capacity bet on new uses for their product in ships and vehicles to absorb future arrivals from the global market…
Azeri Oil Exports via Turkey Pipeline on the Rise
Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey totalled 17.7 million tonnes in January-July, up 5 percent from the same period in 2015, state energy company SOCAR said on Monday.
Libyan Deal to End Oil Ports Blockade Needs Signing
Libyan Petroleum Facilities Guard (PFG) commander Ibrahim Jathran said on Monday he was ready to end a blockade at key oil terminals, but the U.N.-backed government still needs to sign an agreement for exports to resume.
Wood Maintenance Workers Back Strike on Shell Platforms
As many as seven of Royal Dutch Shell's North Sea platforms could be hit by the first strike action in the basin in 10 years after Wood Group employees working on the facilities voted on Wednesday in favour of industrial action.
Kenya, Ethiopia Plan Oil Products Pipeline
Kenya and Ethiopia aim to finalise plans by the end of 2016 for a refined oil products pipeline to be built from Kenya's north coast to the Ethiopian capital, the two said on Thursday.
UK's Buzzard Oilfield Pumping More in 2016
Britain's North Sea Buzzard oilfield, which helps price global crude exports and in the past was beset by unplanned outages, has had a smooth year, industry sources said, boosting supply…
Leak Halts Major Fuel Pipeline into Germany
A major pipeline feeding oil products from the Amsterdam-Rotterdam-Antwerp refinery hub into Germany was shut this week after a leak was reported in the Netherlands, the operating company said in a statement on Thursday.
The Latest Oil Bet: From Too Much to Too Little
Oil investors are finally buying into the notion that the biggest risk to the price now is likely to be supply falling short of demand, rather than from any stubborn overhang of unwanted crude, the options market shows.
Three French Oil Refineries Prepare for Restart, Oil Ports Still Shut
Preliminary work got underway on Monday to restart three of Total's French oil refineries stopped as part of nationwide strikes against planned changes to employment laws, but workers were…
Gazprom Cancels Tenders for Trunk Pipeline Needed for Nord Stream II
Russian gas giant Gazprom has cancelled several tenders for construction of over 400 km of a gas trunk pipeline needed for the planned Nord Stream II project, according to documents posted on a government procurement website.
Egypt Arrears Owed to Oil Firms rises to $3 bln
Egypt's outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the end of October, Petroleum Minister Tarek El Molla told Reuters on Sunday.
Iran says Boosting Oil Exports Depends on Future Demand
A rise in Iran's crude oil exports once sanctions against it are lifted depends on future global oil demand and that should not further weaken oil prices, a senior Iranian oil official was quoted as saying.
Diesel Tankers Make Mid-Atlantic U-turn as Europe Stocks Swell
Tankers laden with diesel heading from the U.S. Gulf Coast to Europe are turning around in mid-ocean as European storage is nearly filled to the brim. At least three 37,000 tonne tankers - Vendome Street…
As Oil Plunges, Traders Generate Record Earnings
Oil traders are profiting handsomely from a crude price crash to near an 11-year low, even as it forces energy companies around the globe to slash costs and postpone projects. From listed…
OPEC November Oil Output Rises
OPEC oil output has risen in November from the previous month, a Reuters survey found on Monday, led by a rebound in Iraqi exports after bad weather had temporarily halted supply growth from the group's second-largest producer.
US and Russian Gas Exporters Square up over Europe
The first export of U.S. gas to Europe will head for Lithuania, two industry sources say, a gesture to the Baltic states, reliant on Russia for supply, and the likely first shot in a price…
Oil Price to Rise Gradually to $80 by 2020 -IEA
Oil is unlikely to return to $80 a barrel before the end of the decade, despite unprecedented declines in investment, as yearly demand growth struggles to top 1 million barrels per day…
Angola Reviews Oil Sector as Prices Tumble
Angola's president has appointed a government team to help reorganize the oil sector and state firm Sonangol as Africa's second-largest crude exporter suffers from the price drop. The group will include the ministers of state…
European Diesel Refining Margins Sink on Huge Stocks
European diesel refining margins sunk on Tuesday to their lowest in over 5 years at $10 a barrel as brimming storage tanks and weak seasonal demand weighed, Reuters data showed. Europe…
EU Lacks Clear Gas Strategy, Says Supplier Norway
Norway, the European Union's second largest gas supplier after Russia, has told the bloc it lacked a clear strategy on gas and was therefore cooling willingness to invest in new fields and pipelines…
