News / International
Europe Losing LNG Imports Due to Increased Egypt Demand
Europe is likely to attract fewer liquefied natural gas (LNG) shipments than previously expected this summer as Egypt gears up to become the region's top-paying importer, traders said, potentially increasing gas prices in northwest Europe.
US Courts Still in Deadlock Over BP Spill-Size Decision
The U.S. is fighting a judge’s decision that shaved more than $4 billion off the maximum pollution penalties BP Plc must pay for its 2010 Gulf of Mexico disaster, the biggest offshore oil discharge in U.S. history.
Haynesville Shale Gas Makes a Comback After Low Drilling Costs
Natural gas output from the Haynesville deposit in Louisiana, which lost the crown as the nation’s biggest source of gas from shale two years ago, is growing again as drilling costs decline.
Russia to Discuss Prices, US Shale Oil at June OPEC Summit
Russia said on Wednesday it would meet OPEC in June to discuss the impact of shale oil on global markets, just days before the producers' group decides whether its policy of high production is sufficient to stifle the U.S. energy boom.
Gazpromneft Drills Prospecting-and-Appraisal Well in Orenburg Oblast
Gazpromneft Orenburg has begun geological prospecting at the Kuvayskoye area, the licence for which it acquired at the end of 2014.
War-Torn Iraq Suffers Low Prices, Oil Debt and Turkish Swap
Iraq is building up debts to the oil companies developing its giant fields, industry sources said, a further sign of how the oil-price drop is putting a squeeze on revenues in OPEC's second-largest producer.
US Changes Iran Sanctions Verdict over Belarusian Oil Company
The United States has removed a Belarusian oil company with previous cooperation with Iran off its sanctions list.
Libya in Risk of Collapse Due to Battles for Oil
In the first of a series of exclusive reports from Ruth Sherlock in Libya, the resource-rich country's oil minister warns that it will run out of money in 18 months as post-Gaddafi anarchy threatens to turn it into "another Somalia".
