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Jesse Norman to Take on Full Energy Brief at UK Energy Department
(Friday, January 13, 2017) UK MP Jesse Norman has confirmed through social media site Twitter that he will take on the full energy brief at the UK Department for Business, Energy & Industrial Strategy.
LNG Deals Struck to Aid Gas-starved Southern France
(Friday, January 13, 2017) A natural gas supply crunch has turned a quiet corner of southern France into a premium market rivalling Asia in terms of attractiveness for global LNG shipments, with several due to arrive over the coming weeks, traders said.
Russia's Tuapse Oil Refinery Resumes Production After Fire
(Friday, January 13, 2017) Russia's Tuapse oil refinery, which is owned by Rosneft and suffered a fire on Wednesday, has resumed production in full, including vacuum gasoil output, a Rosneft representative told Reuters on Friday.
COLUMN-Volatility & Cyclicality in Oil Prices -Will This Time Be Different?
(Friday, January 13, 2017) Volatility and cyclicality are not incidental features of oil markets that can be wished or managed away. Volatility and cyclicality are fundamental characteristics of oil markets.
Russia Acknowledges Threat from Trump's Energy Policy on EU Gas Market
(Friday, January 13, 2017) Russia's Gazprom has acknowledged for the first time a threat to its dominant position in European gas market from an expected influx of LNG gas produced in the United States under Donald Trump's administration.
COLUMN-As Russia's Gas Market Gets Weaker, Europe Gets Stronger
(Thursday, January 12, 2017) The increase in global natural gas production, the buildup of new gas transport infrastructure, the decrease in natural gas prices, the growth of LNG trade are all already increasing the options for Europe's gas importer.
As OPEC Cuts, Traders Send European Oil Volumes to Asia
(Thursday, January 12, 2017) European and Chinese traders are shipping a record 22 million barrels of crude from the North Sea and Azerbaijan to Asia this month, seeking to plug any supply gap left by OPEC production cuts.
Freezing Med Attracts Unusual Diesel Cargoes
(Wednesday, January 11, 2017) At least one tanker carrying diesel en route to New York has been diverted in the mid-Atlantic to the Mediterranean, where freezing weather from North Africa to the Balkans has boosted demand for heating oil and sharply lifted prices.
Russia's Tuapse Oil Refinery Yet to Restart Main Unit After Fire
(Wednesday, January 11, 2017) Russia's Tuapse oil refinery, which is owned by Rosneft, has yet to restart its sole primary processing CDU-12 unit after a pump was damaged by a fire on Wednesday, the energy ministry said.
French South. Gas Contract Hits Highest Level Since Dec. 2013 on Congestion
(Wednesday, January 11, 2017) The French southern gas hub contract touched its highest level since December 2013 on Wednesday due to congestion, while the spread with prices in the north widened.
Process Safety Management: Overcoming the Silo Factor
(Wednesday, January 11, 2017) Review of process safety risk assessments detects a common culprit.
Rosneft Signs Oil Supply Deal with Firm Linked to Qatar and Glencore
(Tuesday, January 10, 2017) Russian oil major Rosneft has concluded a deal with a company linked to Qatar and commodities trader Glencore to supply up to 55 million tonnes of crude in total over a 5-year period, Rosneft said in a statement on Tuesday.
Seven Enablers for Building the LNG Transport Fuel Market
(Tuesday, January 10, 2017) The fundamentals are there for growth.
Europe Left in Cold as Frost Triggers Global LNG Hunt
(Tuesday, January 10, 2017) The year has started off with a very cold snap, meaning Europe will have to pay a premium to stay warm.
Italy Monitors Gas Storage Levels As Cold Snap Drives Price Spike
(Tuesday, January 10, 2017) Freezing weather has driven Italian wholesale day-ahead gas prices up 50 percent in the past three trading sessions, prompting suppliers to step up gas withdrawals from storage.
Russia's Gazprom Reports Record Gas Exports as Europe Shivers
(Monday, January 09, 2017) Russia's Gazprom said on Saturday its daily supplies of natural gas to countries outside of the former Soviet Union have reached a record high due to cold weather in Europe.
European Gasoline Arb to U.S. East Coast Widens; Freight Rates Limit Flows
(Friday, January 06, 2017) Because European refiners produce more gasoline than required on that continent, they have long profited by exporting to the busy East Coast.
Shell Battles Nigerian Communities in High-stakes London Lawsuit
(Friday, January 06, 2017) If the High Court rules in favor of the communities, some legal experts say other claimants against British-based multinationals would be emboldened to pursue legal action through the British courts.
INEOS Shale Not Fracking in Sherwood Forest
(Wednesday, January 04, 2017) INEOS Shale has told Rigzone that it is not fracking in Sherwood Forest, despite statements from environmental group Friends of the Earth on the contrary.
RWE Agrees to Build LNG Infrastructure with German Duisburg Port
(Wednesday, January 04, 2017) Utility RWE on Wednesday said it has committed to jointly creating infrastructure to use LNG in the Duisburg port on the river Rhine in western Germany, which is the biggest inland port worldwide.