News Desk

Retail power and gas heavyweights Kansai Electric Power and Osaka Gas are locked in a struggle for dominance in the Kansai region, whose economy is nearly the size of South Korea’s and includes Osaka, the second-biggest city in Japan.After the Fukushima nuclear disaster, the country’s power monopoly...






Schlumberger said a recovery in international oil markets was under way, forecasting double digit growth in its biggest segment next year as higher oil prices support more expensive drilling projects.The Houston-based company, a bellwether for the oilfield services industry, has benefited from...






A decision to fund the purchase of a stake in Russian oil major Rosneft via loans from European banks was not effective, Rosneft chief executive Igor Sechin said, acknowledging for the first time issues around the financing of the 2016 deal.At the end of 2016, Qatari sovereign wealth fund QIA and...






The world’s largest oil companies are pumping more natural gas than ever before, helping to spur a rise in profits while sating rising global demand for fuels that can mitigate global greenhouse gas emissions.This marks a shift over the past decade for an industry that once focused predominantly on...






The US oil and gas industry is lobbying against tighter sanctions on Russia that could impact US investments there, congressional sources said.The US Senate has revived a bill, called DETER, that would allow for swift sanctions if Moscow was found meddling in future US elections. Both Democrats and...






Indonesia’s Pertamina is seeking government approval to divest assets to help shield the state energy company from rising crude oil prices and a rupiah that is at its lowest level in more than 2-1/2 years.While higher oil prices have yielded Pertamina better returns from its oil and gas output, they...






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