A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.» Read More
VIENNA, June 9- Iraq's oil minister on Monday condemned the export of pipeline crude from Iraqi Kurdistan and threatened the region and Turkey, its point of export, with severe measures. The semi-autonomous northern Kurdish region has not been exporting any crude through the Baghdad- controlled Iraq- Turkey pipeline since the end of 2012..
*Iran readying improved terms for investors post-sanctions. VIENNA, June 9- A full lifting of sanctions on Iran could spark new rivalries within OPEC as Tehran seeks to reclaim its rank as No. 2 producer from former foe Iraq.
LONDON, June 9- Only a fraction of the natural gas export projects being developed around the globe will become reality as high costs and weakening gas prices torpedo those that until recently promised huge returns on investment.
*Energy World says its LNG import hub, power plant to start 2015. MANILA, June 9- Australia- listed Energy World Corp Ltd expects its nearly $1 billion liquefied natural gas hub and power plant in the Philippines to be running by early 2015, paving the way to a new market for imports of the super-chilled fuel.
TOKYO, June 8- For once, China looks to have done Japan a favor. In clinching a $400 billion deal last month to buy Russian gas, China may end up helping out its old political and economic rival in a way that matters hugely for Japan- energy security.
ALMATY, June 6- The troubled Kashagan oil development has named an executive from U.S. firm Exxon Mobil to run the venture while also streamlining its complicated structure in an attempt to fix the beleaguered $50 billion project offshore Kazakhstan.
LONDON, June 6- U.S. oil major Exxon Mobil is in line to take over as operator of the giant Kashagan field in an attempt to fix the beleaguered $50 billion project offshore Kazakhstan, industry publication Nefte Compass reported on Friday.
Predictions solar energy will disrupt the grid system may be premature, with analysts noting urban settings may stay dependent on traditional power.
*Italy looking to double oil, gas output by 2020. MILAN, May 22- Italy's government, buoyed by a strong showing in European elections, is stepping up efforts to boost domestic oil and gas output as mounting tension in Russia and North Africa raises the specter of disruption to energy imports.
Scotland has punched above its weight for centuries, bringing the world Adam Smith, the father of the free market, as well as the steam engine, television and penicillin. A lot of energy has been expended arguing whether an independent Scotland could join the European Union.
Congress passed the basic legislation last year to open up the oil and gas industry and end the 75- year-old stranglehold that state oil company Petroleos Mexicanos has held over the sector.
LIBREVILLE, May 27- State-owned Gabon Oil Company plans to purchase new oil assets and market a bigger portion of Gabon's crude oil, its chief executive told Reuters, aiming to grow to compete alongside international oil firms.
MUMBAI, May 27- Indian carmakers, battered by two years of slowing sales, hope the resounding election victory by India's new leader will spur replacement of the country's complex array of duties with a simple goods and services tax. Tax greatly drives up the cost of buying a car in India.
*Rosneft, Lukoil team up with BP, Total to explore for shale oil. ST PETERSBURG, Russia, May 24- Rosneft and BP signed an agreement on Saturday to jointly explore for hard-to-recover oil in Russia, the first major deal for the state-run Russian oil company since the West imposed sanctions over Ukraine in March.
ST PETERSBURG, Russia, May 24- Rosneft and BP signed an agreement on Saturday to jointly explore for hard-to-recover oil in Russia, the first major deal for the state-run Russian oil company since the West imposed sanctions on Moscow. Rosneft will hold 51 percent of the joint venture which will explore the Domanic formation, and BP will hold 49 percent.
ST PETERSBURG, Russia, May 23- Russia's No.2 oil producer, Lukoil, and France's Total agreed on Friday to set up a joint venture to tap vast tight oil reserves in Siberia.
ST PETERSBURG, Russia, May 23- Russian Energy Minister Alexander Novak said on Friday that oil majors Royal Dutch Shell and Exxon Mobil have confirmed their commitment to Russia and are eager to continue their work there.
May 21- Sanchez Energy Corp said it would buy oil and gas properties in the Eagle Ford region of south Texas from Royal Dutch Shell Plc for about $639 million cash as the Dutch oil company looks to pare its exposure to U.S. shale. Shell and other big peers including BP Plc have had less success than smaller companies tapping North America's vast shale formations.
May 21- Sanchez Energy Corp said it would buy oil and gas properties in the Eagle Ford region of south Texas from Royal Dutch Shell Plc for about $639 million.
ASTANA, May 21- Oil output at Kazakhstan's giant Kashagan field may not resume until early 2016, Kazakh Oil and Gas Minister Uzakbai Karabalin said on Wednesday, urging foreign partners to start replacing leaky pipelines at the deposit.