(Reuters) – U.S. energy company Duke Energy Corp said Monday it took a $1.6-billion after-tax charge in the second quarter for the cancellation of the…
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Vietnam's Dung Quat refinery processes first batch of Russian Sokol crude
HANOI (Reuters) – Vietnam’s Dung Quat oil refinery has processed its first batch of Russian Sokol crude oil on a trial basis, as it seeks…
Energy bills to fall by up to £95 as Ofgem cuts price cap
Ofgem has said it will cut bills for around 15 million households by up to £95 after reducing its cap on energy bills to the…
Cheniere Energy reports second-quarter profit, reconfirms 2020 guidance
(Reuters) – Cheniere Energy Inc (LNG.A) on Thursday posted a second-quarter profit on higher margins from cargoes that were canceled by clients and then redirected…
Saudi Arabia proposes political resolution to Yemeni government, but no deal to end standoff
CAIRO/DUBAI (Reuters) – Saudi Arabia has presented a resolution to implement the stalled Riyadh agreement, the Saudi state news agency said in a statement, but…
Saudi Arabia posts $29 billion deficit in second quarter as oil revenues slump
DUBAI (Reuters) – Saudi Arabia posted a deficit of 109.2 billion riyals ($29.12 billion) in the second quarter this year as low oil prices hurt…
Petrobras sells remaining 10% stake in TAG to Engie Brasil, CDPQ
BRASILIA (Reuters) – Brazil’s state-owned oil company Petrobras (PETR4.SA) on Monday agreed to sell its remaining 10% stake in natural gas pipeline company TAG to…
EMA, Shell issue joint grant call for SMEs to develop smart, clean energy solutions
SINGAPORE (THE BUSINESS TIMES) – The Energy Market Authority (EMA) and Shell have issued a joint grant call targeted at small and medium enterprises (SMEs)…
Dakota Access pipeline can keep running amid legal fight: U.S. court
NEW YORK (Reuters) – The Dakota Access oil pipeline can continue to operate amid an ongoing court battle, a U.S. Appeals Court said on Tuesday,…
U.S. shale oil output to drop to two-year low of 7.5 million bpd in August: EIA
NEW YORK (Reuters) – U.S. crude oil output from seven major shale formations is expected to decline by about 56,000 barrels per day (bpd) in…