Reliance Industries Ltd. has exercised its contractual option to terminate its contract with Transocean Ltd. for the ultra-deepwater drillship Discoverer India, effective December 2016, prior to its expiration in January 2021.
In accordance with the contract, Transocean will be compensated by Reliance and its partners for the early termination through a lump-sum payment of approximately $160 million.
The Dutch and British wholesale gas price rose on Tuesday afternoon due to renewed concerns about Russian gas supplies to Europe starting in January.
An upcoming U.S. government funding bill is expected to include a plan that would allow year-round sales of gasoline with a higher ethanol blend…
The government's latest fiscal update revealed that Canada will impose tariffs as soon as next year on a number of Chinese…
Talos Energy announced on Tuesday that it will terminate its "poison pill" after reaching an agreement with the investment…
Amanda Dasch, Shell's director of renewables for the Americas, will join Danish offshore wind company Orsted as its head of U.S.
The Australian unit of U.S. oil company Chevron said Tuesday that it will supply 130 petajoules (petajoules) of gas over a period of 10 years…
The Australian share market ended its five-day loss streak on Tuesday, as gains in the banking sector outweighed losses in mining and energy stocks.
Shell said on Thursday its unit has made a final investment decision to add two wells at the Perdido platform in the U.S.
Ecopetrol, Colombia's largest state-owned energy firm, announced on Wednesday that it had signed five agreements to enhance…
OPEC reduced its estimates for the growth of oil demand this year and in 2019. The producer group has now revised their forecasts…
The European power market saw a new high of two years on Wednesday, amid cold temperatures and low wind supplies. LSEG's…
Investors remained cautious as they awaited the local jobs data, which is due on Thursday. This will be a crucial metric…
World Energy News is the global authority on the international energy industry, delivered to your Email two times per week.
Subscribe to World Energy News Alerts.