Energy

Richard D. Kinder

Kinder Morgan builds out Gulf Coast logistics hub in U.S. oil boom

To capitalize on a flood of domestic and Canadian crude into the U.S. Gulf Coast, logistics giant Kinder Morgan Energy Partners is spending more than $1.5 billion in Houston to build the most flexible oil and fuel transport hub in the country.

Read Full Article
Exxon Mobil

Exxon winds down drilling as U.S. sanctions hit Russia

Exxon Mobil said on Friday it will wind down drilling in Russia's Arctic in the face of U.S. sanctions targeting Western cooperation with Moscow's oil sector, after the Obama administration granted a brief extension to safely mothball its operations.

Read Full Article
Sinopec

Sinopec sells $17.5 billion stake in retail unit to investors

Sinopec Corp will sell a 107.1 billion yuan ($17.5 billion) stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top oil refiner said in a statement on Sunday.

Read Full Article
Brent Crude

Falling oil price tilts political, economic balance in U.S. favor

The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.

Read Full Article
Russia's Orthodox Cathedral

Foreign oil services firms will find it hard to return to Russia: Russian minister

The head of Russia's natural resources ministry said on Friday foreign oil services companies would find it difficult to return to Russia as Western sanctions would give Russian firms the opportunity to take their place in the Russian market.

Read Full Article
oil

Oil market pricing escapes linkage to financial benchmark regulations

The oil market's price setting agencies have avoided being linked to the kind of regulation trained on financial benchmarks, in a report by international regulators.

Read Full Article
The logo of Venezuela's oil company PDVSA

PDVSA seeks bids for Citgo in potential $10 billion deal - sources

Venezuela's state-run oil company PDVSA [PDVSA.UL] is seeking preliminary offers for its U.S. unit Citgo Petroleum Corp [PDVSAC.UL] by the end of September, a deal that could fetch up to $10 billion, according to two people familiar with the matter.

Read Full Article
Rosneft

Rosneft struggles to grow as sanctions hit Russia's oil champion

The Kremlin's prized oil firm Rosneft is cutting staff and production and selling stakes in Siberian fields in the strongest evidence to date that Western sanctions are hurting what was the world's fastest growing oil firm in recent years.

Read Full Article
Sinopec

With oil under $100, China trader books world's largest ship to store crude

A Chinese trading firm has booked the world's largest super-tanker to store crude at sea, adding to a growing flotilla of vessels used for floating storage as benchmark oil prices slip below $100 a barrel.

Read Full Article
Sharp Corp

Sharp considering sale of U.S. solar energy unit: Bloomberg

Sharp Corp (6753.T) is looking to sell its U.S.-based solar energy development unit Recurrent Energy, Bloomberg reported on Monday, as the Japanese firm winds down its involvement in the solar industry to focus on profitable businesses.

Read Full Article
SandRidge Energy Inc

Doubts return at SandRidge a year after CEO ousted by investors

In June 2013, activist investors got the board of SandRidge Energy Inc (SD.N) to fire its CEO Tom Ward, arguing that he had mismanaged the Oklahoma City company and destroyed billions in shareholder value.

Read Full Article
US Oil Drill

BP ruling raises liability stakes for high-risk industries

A U.S. court ruling that dramatically ramped up BP Plc's potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but also for other industries like mining and nuclear power generation.

Read Full Article
Abdel Fattah al-Sisi

Egypt president says no magic bullet for power problems after major blackout

President Abdel Fattah al-Sisi prepared Egyptians on Saturday for more blackouts after lights went out across much of the country this week, saying it would take time and cost the cash-strapped state $12 billion to upgrade the decrepit power grid.

Read Full Article
Oil refinery in flame

Iraq's Baiji Refinery repairs to take at least a year

Kurdistan Regional Government's (KRG) Natural Resources Minister Ashti Hawrami on Thursday said it would take more than a year to repair the Baiji Refinery after it was damaged in a series of attacks by Islamic State militants since June.

Read Full Article
JP Morgan Chase & Co.

JPMorgan in talks to sell oil-supply agreement to BoA

JPMorgan Chase & Co (JPM.N) is in talks to sell its oil-supply agreement with a major Philadelphia refinery to Bank of America Corp (BAC.N), the Wall Street Journal reported Tuesday, citing people familiar with the matter.

Read Full Article
1 2 3 4 5 6 7 8 9 10  

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics