Energy News - page 136


Thieves Fry Kenya's Power Grid to Cook Fast Food

Dec 28, 2014

(Thomson Reuters Foundation) - The morning scene is increasingly routine for Kenyans. When it's time to start the day, the power is already out. Somewhere nearby, the shell of a wrecked electrical transformer lies on its side underneath the pole where it had been fixed 20 feet off the ground…

Italy's Help Sought to Extinguish Fire at Oil Port

Dec 28, 2014

Libya has called on Italy to send firefighters to prevent a fire spreading out of control at Es Sider, the country's biggest oil port, officials said on Saturday.A rocket hit an oil storage tank last week at the port in the east of the…

China, Vietnam to Address Maritime Disputes

Dec 27, 2014

Senior Chinese and Vietnamese officials have agreed to settle their maritime disputes without resorting to 'megaphone diplomacy', the official Xinhua news service said on Saturday.The agency's report follows a meeting in Hanoi on Friday…

Pemex Output Steady in November, Exports Up

Dec 27, 2014

Mexico's state-run oil company Pemex said on Friday its crude oil production held steady in November from the previous month at 2.363 million barrels per day (bpd), the lowest monthly figure on record.Crude export volumes in November were up 8…

Oil slides, Brent tests $60

Dec 26, 2014

Global oil markets fell again on Wednesday in holiday-thin trade, extending more than a week of see-saw volatility as traders jousted over whether a growing supply glut had been fully priced in.Oil whipped lower early in the day and tested new lows after U…

Gazprom Boosts Moscow Electricity Supply

Dec 26, 2014

A new combined cycle gas turbine unit (PGU-420) with a capacity of 420 MW was commissioned today at CHPP-16 of Mosenergo in Moscow.Taking part in the event were Alexey Miller, Chairman of the Gazprom Management Committee, Sergey Sobyanin…

MOL Seals Shipping Deal with Reliance

Dec 26, 2014

Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) and Reliance entered into a strategic association for transportation of Liquefied Ethane from United States to India. This will make MOL to be the first shipping company who is dedicated…

Ithaca Gets New COO

Dec 25, 2014

Ithaca Energy Inc. announced the appointment of Mr Roy Buchan as Chief Operations Officer, starting 5 January 2015.Mr Buchan has over 30 years of operational experience in the oil and gas industry. He has held various technical and senior…

Rosneft Hikes Stake in NOC

Dec 25, 2014

Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20% share in the National Oil Consortium LLC (NOC). Due to this deal the share of Rosneft in the charter capital of NOC will increase to 80%…

Petrobras Sets up Special Committee

Dec 24, 2014

The Board of Directors of Petrobras approved at a meeting held today, the creation of a special committee to act as interlocutor ('Reporting line') of independent internal investigations conducted by the Trench, Rossi e Watanabe and Gibson…

Chariot to Farm-out with Woodside

Dec 24, 2014

Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, reports that, as detailed in the announcement of 4 July 2014, the farm-out signed between its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Ltd…

Yamal, the Future of Russian Gas Industry

Dec 24, 2014

Yamal is seen as the future of the Russian gas industryDevelopment of an unparalleled gas production center is well underway in Yamal, in harsh Arctic latitudes. The annual design capacity at Bovanenkovo has already amounted to 90 billion cubic meters of gas…

Ezion Holdings to Acquire Teras Conquest

Dec 24, 2014

The Board of Directors of Ezion Holdings Limited (the “Company”) wishes to announce that the Company had acquired 92,000 ordinary shares of S$1.00 each representing 92% equity interest in Teras Conquest 7 Pte. Ltd. a company incorporated in Singapore (the “Subsidiary”)…

North West Shelf to Process 3rd Party Gas

Dec 24, 2014

Woodside, as operator of the North West Shelf (NWS) Project, informed that the NWS Project participants today signed a non-binding Letter of Intent with Hess Exploration Australia Pty Ltd to process resources from Hess’ permits in the Carnarvon Basin…

Sparrows Set for European Growth

Dec 23, 2014

The Sparrows Group has made two key appointments to its senior management team as it looks to enhance its market share in the U.K. and grow its operations throughout the rest of Europe during 2015, the company said.The group has promoted Mark Beveridge to the role of European Operations Director…

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