SINGAPORE (REUTERS) - Hontop Energy (Singapore) Pte Ltd, the trading arm of a Shandong-based refiner, has gone into receivership, according to its business profile on the website of Singapore's accounting…
Apache Corp. is officially calling it quits on a highly publicized but disappointing shale discovery in West Texas after vehemently defending the prospect for about three years. The Houston-based company…
Maersk Drilling will launch its first hybrid, low-emission rig. Combining hybrid power, data intelligence and cleaning technology, the Maersk Intrepid will push the boundaries for low-emission drilling on conventionally powered…
The US Coast Guard identified a potential chokepoint in the Bering Strait thanks to increased oil and gas shipments, a new report showed on Monday. In a rather imperfect combination of events,…
Oil extended gains after capping its best week in almost two months as an escalation of fighting in OPEC producer Libya overshadowed the biggest increase in U.S. active rigs since…
SINGAPORE - As climate change melts the Arctic ice and opens alternative routes for cargo ships plying between Asia and Europe, trade could be diverted from the Malacca and Singapore…
Shell and Japan’s Tokyo Gas Co Ltd have signed a long-term liquefied natural gas (LNG) deal, whose price will include a link to coal prices, in an innovative type of LNG contract…
Oil companies will this year increase their investments in offshore drilling for the first time after five years of spending cuts as optimism for this segment of the industry returns…
Global demand for high-sulfur fuel oil is expected to drop by 25 percent through 2025 because of the stricter emissions regulations for ship fuel beginning in 2020, Reuters quoted Bryan Milton, President…
Sour medium oil from Shell’s and BP’s Gulf of Mexico platforms is replacing Venezuela’s heavy oil for many U.S. refiners who are on the lookout for alternatives sources of crude after the…