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Energy News
Energy News
// 9 years ago
Norway's oil production up 8 percent
STAVENGER, Norway, Aug. 14 (UPI) -- Oil production from Norway, one of Europe's top producers, in July was 8 percent higher than the previous month, the government said Thursday.
Energy News
// 9 years ago
RWE to idle power output after poor sales
ESSEN, Germany, Aug. 14 (UPI) -- German energy company RWE said Thursday it will pull back from the electricity market after posting a major decline in earnings for the first half of 2014.
Energy News
// 9 years ago
PDVSA picks bank to help dump Citgo
CARACAS, Venezuela, Aug. 13 (UPI) -- Venezuela's state-owned oil company has hired a French bank to help offload Citgo, its U.S. downstream entity, an executive at the company said.
Energy News
// 9 years ago
E.ON said it expected poor results
DUSSELDORF, Germany, Aug. 13 (UPI) -- German energy company E.ON said Wednesday its exploration and production activity in the North Sea was the bright spot in an otherwise poor fiscal report.
Energy News
// 9 years ago
Russia sees EU gas production waning
MOSCOW, Aug. 13 (UPI) -- Natural gas production from members of the European Union is expected to decline by more than 40 percent in the coming years, Russian analysis Wednesday finds.
Energy News
// 9 years ago
Iran says no oil trade deal with Russia yet
TEHRAN, Aug. 13 (UPI) -- The chief of staff for Iran's president said oil and natural gas contracts with Russia were on the table, though formal deals would evolve in the future.
Energy News
// 9 years ago
Vitol takes on Shell retail centers in Australia
GENEVA, Switzerland, Aug. 13 (UPI) -- Energy and commodity trading company Vitol said Wednesday it launched a retail business service in Australia after acquiring assets form Royal Dutch Shell.
Energy News
// 9 years ago
EIA: Utica shale booming
WASHINGTON, Aug. 13 (UPI) -- The U.S. Energy Department said it was including the eastern Utica shale formation in a monthly productivity report because of exponential growth in output.
Energy News
// 9 years ago
U.S. oil production at 27-year high
WASHINGTON, Aug. 13 (UPI) -- Total crude oil production in the United States in July was the highest level in more than a quarter century, the U.S. Energy Department said.
Energy News
// 9 years ago
Chinese oil imports to rise, analyst says
BEIJING, Aug. 13 (UPI) -- Chinese imports of crude oil during the second half of the year are expected to account for more than half of its supplies, an industry analyst said Wednesday.
Energy News
// 9 years ago
Schlumberger expects loss from Russian sanctions
HOUSTON, Aug. 13 (UPI) -- Oil services company Schlumberger said it expects to take a financial hit as a result of Western sanctions targeting the Russian energy sector.
Energy News
// 9 years ago
Heating fuel stockpiling begins
BOSTON, Aug. 13 (UPI) -- The North American subsidiary of GDF Suez said it was buying liquid natural gas from a Montreal company to address upcoming demand in New England.
Energy News
// 9 years ago
Gazprom Neft posts strong profits
MOSCOW, Aug. 12 (UPI) -- The oil arm of Russian gas company Gazprom said Tuesday it made $2.4 billion in net profits in the first half of the year, up 13 percent from 2013.
Energy News
// 9 years ago
Iran: Easing sanctions brings global relief
TEHRAN, Aug. 12 (UPI) -- Removing sanctions on Iran will benefit the regional and global economies, Iranian President Hassan Rouhani said Tuesday from Tehran.
Energy News
// 9 years ago
Yukos ruling politically motivated, Kremlin says
MOSCOW, Aug. 12 (UPI) -- An arbitration panel at The Hague decided its case against former Russian oil company Yukos on political grounds, Russia's deputy foreign minister said Tuesday.
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