Sinopec makes Kazakhstan grab after £720m Lukoil buyout
Chinese oil giant Sinopec has agreed a £720million deal to snap up Lukoil's assets in Kazakhstan.
Batista denies insider trading over oil sales
Former Brazilian billionaire Eike Batista has denied having used inside information when selling stock of his oil company last year after an investigation was launched by the country's financial regulator.
New Libya and Ukraine tensions force oil prices up
Brent crude advanced for the first time in three days and West Texas Intermediate extended gains as tension escalated between Ukraine and Russia, fanning concern that energy supplies in Europe may be disrupted.
Libya set to resume oil shipments from rebel-held ports as force majeure lifted
Libya is set to raise oil shipments next week as the first of four ports seized by rebels reopens.
Fukushima firm looks for thermal bids
The company responsible for the Fukushima nuclear plant is to seek bids to expand its thermal-generating capacity after three years of its nuclear reactors sitting idle.
Debate begins over European battle for Arctic oil
An ice chunk that can swell to the size of Russia will shape Norway’s future oil income.
OPEC cuts oil demand predictions as US shale output grows
OPEC has cut predictions for the amount of oil its members will need to pump this year after rising US output saw the group predict a supply buffer ahead of summer demand peaks.
Gulf oil stockpiles now larger than region can handle
Houston and the rest of the U.S. Gulf Coast have more crude oil than the region can handle.
Ukraine cuts gas supply from Russia over price row
Ukraine is halting natural gas imports from Russia over price “aggression” before the world’s biggest exporter of the fuel cuts supplies, raising the risk of disrupted flows to Europe.
OPEC ready to accommodate increased output from troubled Iraq and Libya
OPEC, which supplies 40 percent of the world’s oil, will accommodate additional output from members Iraq, Iran and Libya, Secretary-General Abdalla El-Badri said - without explaining how it will do so under the group’s ceiling.
Libya rebels demand more oil revenue before handing over disputed ports
Libyan rebels seeking self-rule for the east of the country are standing by a demand that they get a share of crude export revenue before they hand over Es Sider and Ras Lanuf, the two oil ports still under their control, according to a mediator in talks with the government.
Warning over shale boom as analysts predict just one in five global projects may succeed
Only one in five global shale regions may succeed in producing significant amounts of oil and gas as countries from China to Argentina seek to emulate the US boom, said energy consultants Wood Mackenzie Ltd.
Japan stops short of setting renewables’ targets
Prime Minister Shinzo Abe’s government stopped short of setting goals for renewable energy in the final version of a draft plan that reinforces atomic power’s role in Japan’s energy future, calling it a vital source of generation.
Libyan exports set to rise as rebels agree to abandon ports
Libyan crude exports may increase by at least 180,000 barrels a day this month after rebels seeking self-rule in the eastern region of Cyrenaica agreed to surrender two of the four oil ports under their control to the government.
EON looking to double Turkey trading amid decreasing demand in Europe
EON plans to more than double its power trading in Turkey this year, helping to offset falling profits from buying and selling in shrinking western European markets.
Gazprom set to stop marketing to US and Europe amid Crimea crisis
Russia’s largest company Gazprom will stop marketing to US and European investors after the Crimea crisis and work to increase bond and shareholders from the Middle East, Latin America and Asia, especially China.
Anadarko settles Kerr-McGee cleanup lawsuit for $5.15bn
Anadarko Petroleum agreed to pay $5.15billion (£3.10billion) to settle a US claim for $25billion to clean up 85 years worth of pollution its Kerr-McGee unit left behind across the country.
Boeing to build first Guam solar plant
Boeing is building Guam’s first solar plant, which will help the Pacific island generate electricity cheaper than from the imported fuel oil and diesel it currently burns.
Weatherford set to relocate to Ireland in cost-saving move
Oilfield services group Weatherford is to switch its base from Switzerland to Ireland after being hit by falling profits.
Sinopec nets $5billion through bond deal as US looks to invest in Chinese oil giant
Sinopec raised $5 billion from the biggest offering of dollar-denominated notes by an Asian issuer in more than a decade.
$300bn of oil assets currently up for grabs, say analysts
Major oil companies are selling more than $300billion of assets, according to investment analysts Carlyle International Energy Partners.
New Zealand set to kickstart giant oil hunt in drive for ‘game-changing’ find
New Zealand has opened up an area for oil and gas exploration covering almost double its own landmass as it looks to exploit previously untapped resources around the islands.
Gazprom hikes up Ukraine gas price by 44%
Global natural gas giant Gazprom raised prices for Ukraine 44% after a discount deal expired, heaping financial pressure on the government in Kiev as it negotiates international bailouts.
New warning as piracy watchdog reveals oil tanker attacked by gunmen
Armed people on a skiff attacked an oil tanker as it passed through the Strait of Hormuz, the world’s most important trade route for crude shipments, a group monitoring piracy at sea said.
South Sudan rebels target oil bases in bid to depose president
South Sudanese rebels plan to capture key oil installations to force President Salva Kiir to step down and end more than three months of conflict in the world’s newest nation, the country's former vice president has warned.