Sunday, May 20, 2018

Reuters News

Enbridge Eyes Additional Asset Sales

Photo: Enbridge

Enbridge Inc may sell more assets than expected this year, seeing strong interest from potential buyers after achieving a goal this week for 2018 divestitures.Enbridge has been under pressure to reduce leverage…

Shell Gets Mexico LNG Supply Tender

Photo: Royal Dutch Shell

Royal Dutch Shell will supply Mexico with six LNG cargoes to be delivered in May and June, Reuters has reported, citing trade sources. State-run utility CFE held a tender on 2 May for deliveries…

Ukraine to Offer Gazprom Discounted Transit Fees

Norway Unhappy with Gazprom-OMV Asset Swap

Norway is not happy with the asset swap deal between Austria's OMV and Gazprom that would give the Russian gas giant access to the Norwegian continental shelf, the Nordic country's oil…

Statoil to Become Equinor, Dropping 'Oil'

Photo: Jan Arne Wold / Woldcam

Shareholders in Norway's largest company, Statoil, will approve on Tuesday the board's proposal to drop "oil" from its name as its seeks to diversify its business and attract young talent…

Rosneft: South China Sea Drilling is Within Vietnam Waters

(Photo: Rosneft)

Equatorial Guinea May Strip Ophir of LNG Project Due to Finance Delays

Conoco Seized PDVSA Products from Isla Refinery

© Darryl Brooks / Adobe Stock

U.S. oil major ConocoPhillips has seized products belonging to Venezuelan state oil company PDVSA from the Isla refinery it runs on Curacao, an island official told Reuters on Sunday.Conoco…

Rosneft Q1 Net Income Up Seven-fold

(File photo: Rosneft)

Russia's largest oil producer Rosneft said on Monday its net income jumped seven-fold to 81 billion roubles ($1.3 billion) in the first quarter thanks to higher oil prices, exceeding market forecasts.Analysts…

Investors Want Oil & Gas Industry to Do More on Climate Change

(File photo courtesy of BP)

Sixty global investors on Friday called on the oil and gas industry to do more to tackle climate change, ratcheting up pressure on company boards ahead of several high profile annual shareholder…

Cryptocurrency May Light Up Renewable Energy in Moldova

© Dmitry Volochek / Adobe Stock

Moldova, a small, landlocked country in eastern Europe, imports three-quarters of its energy and has seen its energy prices rise by more than half in the past five years.But that could soon change…

For Big Oil, Reserve Size Matters Less Than Ever

File Image: CREDIT BSM

Oil and gas reserves life falls below 12 years, lowest level in at least 20 years. A decade ago, the news that the world's top oil and gas companies had less than 12 years of production…

Britain's Oil Demand is Growing Again -Kemp

UK petroleum consumption is growing at some of the fastest rates for a decade, as strong economic growth and cheaper fuel prices spur increased use. Consumption of petroleum products rose…

Seadrill Q3 core earnings beat forecast, shares up

Photo: Seadrill

* "It is impressive to see how much control Seadrill has over its costs... Underlying costs are down 30 percent from the peak. * Its cash and cash equivalents were $1.3 billion as of Sept.

LNG Tankers En Route to Britain, Belgium and the Netherlands

LNG tanker Eduar Toll (File photo: Teekay)

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming weeks.The vessels carry gas to Europe's most active markets…

US Lifts Keystone Pipeline Pressure Restrictions

© tomas / Adobe Stock

Pressure restrictions on TransCanada Corp's Keystone oil pipeline was lifted on May 1 in a letter issued by U.S. pipeline safety regulators, a spokesman for the agency told Reuters on Thursday.It…

Iraq, BP Sign Kirkuk Oilfield Development Contract

PDVSA Diverts Crude Tanker from Curacao

©  M.Alberts /

Venezuela's state-run PDVSA ordered a tanker carrying Russian oil that was waiting to discharge at its Curacao terminal to divert to Venezuelan waters after ConocoPhillips introduced an…

Occidental Q1 Profit Spikes above Estimates on Oil Price Rise

U.S. oil producer Occidental Petroleum Corp posted better-than-expected quarterly results on Tuesday, with profit jumping more than six-fold on rising crude prices, cost cuts and improving chemical sales.Oxy…

PDVSA Halts Caribbean Storage, Shipping; Diverts Oil Cargo

© white_bcgrd / Adobe Stock

Venezuela's state-run PDVSA suspended oil storage and shipping from its Caribbean facilities following a move by ConocoPhillips to temporarily seize the firm's assets on four islands, according…