President Vladimir Putin warned on Thursday that Russian gas supplies to Europe could be disrupted if Moscow cuts the flow to Ukraine over unpaid bills, drawing a U.S. accusation that it is using energy 'as a tool of coercion'. In a letter to the leaders of 18 European countries…
The National Ocean Industries Association (NOIA) Board of Directors has elected John T. Rynd as Chairman of NOIA and Cindy B. Taylor as Vice Chair of NOIA for the upcoming 2014-2015 term. Rynd and Taylor assumed their positions at the NOIA Annual Meeting today in Washington…
ConocoPhillips, the largest independent oil company, is using the knowledge it gained drilling in Texas' Eagle Ford rocks to fuel growth in less-developed shale formations in North American and even Poland.'The value associated with that learning curve has been pretty tremendous…
Wireline and well intervention technology specialist Wireline Engineering has announced the addition of three key appointments to develop and strengthen its global management team. The company has bolstered its workforce with the addition…
Australia’s oil and gas industry must fix its sights on developing greater collaboration as it brings a range of mega projects into operation, according to a group of sector leaders at a DNV GL-hosted briefing and round table event in Perth…
Spain's cuts in subsidies for renewable energy will hit company revenues by about 1.7 billion euros ($2.34 billion) this year, the country's competition regulator CNMC said in a report on Monday.The government is cutting renewable subsidies…
Wellsite Rental Services, LLC (WRS), a comprehensive, rental equipment provider for the drilling and production sectors of the oil and gas industry, has appointed Rex Ferrier as vice president - Texas operations. Ferrier joins Wellsite…
Gasoline barge prompt cracks in northwest Europe gained on Monday, supported by exports to West Africa, the United States and elsewhere as demand builds ahead of the peak summer season. Reuters shipping data showed a flurry of new vessels booked to carry gasoline or its components…
North Sea Forties crude differentials retreated on Monday as traders said last week's move higher on the back of tighter May supply was overdone, despite the possibility of a VLCC cargo to South Korea in late April.Forties differentials…
The German government will give its blessing on Tuesday to a sweeping reform of renewable energy laws designed to slow cost increases as Europe's largest economy moves to nearly double its green power share to 45 percent by 2025.Chancellor…
Clean tanker rates on the transatlantic route edged higher on Monday helped by light bookings although the market continued to struggle with a glut of vessels.Rates for medium-range (MR) tankers for 37,000 tonne cargoes on the TC2 route from Rotterdam to New York were at W124…
Hariga, Zueitina ports expected to open first Deal calls for more talks on larger terminals (Adds context, background, oil prices)Libya's Zueitina oil port prepared on Monday to load crude on tankers after the government reached…
The Coast Guard Authorization Act of 2010 removed the size limit on offshore supply vessels (OSVs). The Act also directed the Coast Guard to issue, as soon as is practicable, a regulation to implement section 617 of the Act and to ensure the safe carriage of oil…
Glencore Xstrata Plc's interim chairman, former BP Plc chief executive Tony Hayward, is in the running to take the job permanently, the Wall Street Journal reported on Friday, citing people familiar with the situation.Hayward is on a shortlist with Roger Agnelli…
The United States has extradited a former executive of an Italian marine hose manufacturer to face price-fixing charges in what the Justice Department said was its first extradition on antitrust charges.Romano Pisciotti, a former executive with Italy's Parker ITR SRL…