The partners controlling the Leviathan gas field off the Israeli coast announced they signed a deal for deliveries to a local electricity producer. Israeli electric company Edeltech Ltd. agreed to Continue Reading
Emirati energy company Dana Gas said no injuries were reported when a natural gas pipeline in the Kurdish north of Iraq ruptured near Kirkuk, causing outages. Dana said gas flows Continue Reading
Iran is struggling to finalize the terms under which foreign energy companies can drill for oil there, as a political battle rages between the country’s more moderate forces and its Continue Reading
The world’s largest group of oil-tanker underwriters is in talks with the U.S. government to find a way to insure Iranian petroleum shipments now that sanctions over Iran’s nuclear program Continue Reading
Secretary of State John Kerry on Tuesday said at a meeting here of the American-led coalition fighting the Islamic State that the group must step up its efforts and prevent Continue Reading
Iraq posted its second-best monthly export rate ever, but oil sales have not risen steeply enough to offset lower oil prices.Excluding oil sold by the Kurdistan Regional Government (KRG), which Continue Reading
Investors in Asian oil and gas companies should prepare for a wave of writedowns after a collapse in crude prices. CNOOC Ltd., Santos Ltd. and Inpex Corp. are among explorers Continue Reading
Last month’s plunge in crude to $30 a barrel proved too tempting for China to turn down even as its economy lurches toward the weakest growth in a generation. Chinese Continue Reading
U.S. consumers are cautious about spending their windfall from cheap gasoline and are saving more, according to a Reuters/Ipsos poll and official data, suggesting low oil prices are less of Continue Reading
U.S power generation from coal fell to the lowest monthly level in 35 years in November 2015 as generators switched to cleaner and cheaper natural gas, according to federal data. Continue Reading
