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Dutch regulator to study proposals for lower gas production

AMSTERDAM, Jan 11 (Reuters) - The Dutch State Supervision of Mines, which regulates the gas sector, will respond to proposals to lower gas production in the Groningen field on Thursday, but will not immediately specify how much production should be cut, a spokeswoman said. An earthquake this...

Reuters

Shrinking net imports drag Singapore fuel oil stocks to 7-month low

SINGAPORE, Jan 11 (Reuters) - Singapore weekly onshore fuel oil inventories fell 13.5 percent to a seven-month low of 19.66 million barrels (or about 2.934 million tonnes) in the week ended Jan. 10, data from International Enterprise (IE) Singapore showed on Thursday. O/SING1 This came...

Reuters

Indonesia hopes to finalise Freeport contract talks by June, January 11, 2018

(Adds context, quote) By Wilda Asmarini JAKARTA, Jan 11 (Reuters) - Indonesia hopes to finalise contract talks with Freeport McMoRan Inc FCX.N over the Grasberg copper mine by June, although divestment issues are still unresolved, a mining ministry official said on Thursday. Indonesia...

Reuters

Russian rouble holds steady as oil prices rise

MOSCOW, Jan 11 (Reuters) - The Russian rouble was stable on Thursday, supported by higher oil prices but under pressure from expectations that the finance ministry buy more foreign currencies as oil prices approach three-year highs. At 0730 GMT, the rouble was unchanged against the dollar at...

Reuters

Oil dips away from 3-yr highs on signs of overheated market

U.S. fuel inventories post rise amid ample supply Weaker refinery margins to prompt lower crude orders Iraq, Iran cut physical crude prices to stay competitive But surprise U.S. oil output fall supports crude markets U.S. crude stocks drop below 5-year average of 420 mln barrels...

Reuters

UAE energy minister says not concerned with current oil price, January 11, 2018

(Adds details) ABU DHABI, Jan 11 (Reuters) - United Arab Emirates (UAE) Energy Minister Suhail al-Mazrouei said on Thursday he was not concerned with the current oil price. "We are not panicking or see any need to do anything," Mazrouei said at an oil event in the UAE capital Abu...

Reuters

Benefits of EU deregulation help Suedzucker weather falling prices

(Adds detail from paragraph one) HAMBURG, Jan 11 (Reuters) - Europe's largest sugar refiner, Suedzucker SZUG.DE , said EU deregulation enabled it to boost sugar exports in the third quarter but falling bioethanol prices hit its overall operating earnings. Suedzucker confirmed its...

Reuters

EDF Energies Nouvelles commissions 224 MW wind farm in Canada

PARIS, Jan 11 (Reuters) - EDF EDF.PA : EDF Energies Nouvelles is announcing the commissioning of the 224 MW Nicolas-Riou wind farm by its local subsidiary, EDF EN Canada The Nicolas-Riou wind farm is located in south-eastern Quebec. With 224.25 MW in installed capacity, the wind farm...

Reuters

Norway's pipeline gas exports rose 8 pct to record in 2017

OSLO, Jan 11 (Reuters) - Norway's pipeline exports of natural gas to Europe rose by eight percent in 2017 to a record of 117.4 billion standard cubic metres, pipeline systems operator Gassco said in a statement on Thursday. (Reporting by Terje Solsvik, editing by Ole Petter Skonnord)...

Reuters

Crude output at China's top oil field falls 7 pct in 2017

By Chen Aizhu BEIJING, Jan 11 (Reuters) - Output at the Daqing oil field, China's largest, fell 7 percent in 2017 compared to 2016, as operator PetroChina scaled back production because of high costs in the aging field despite rising global oil prices PetroChina produced 34...

Reuters

Nexans Acquires BE CableCon

Jan 11 (Reuters) - Nexans Sa NEXS.PA

Reuters

Premier Oil output set to rise by more than 10 pct

LONDON, Jan 11 (Reuters) - Premier Oil PMO.L said on Thursday it expects to output to rise by more than 10 percent in 2018 to up to 85,000 barrels of oil equivalent per day (boe/d) as the Catcher oilfield in the North Sea ramps up. In a trading update, Premier said it expected production...

Reuters

Indonesia hopes to finalise Freeport contract talks by June

JAKARTA, Jan 11 (Reuters) - Indonesia hopes to finalise contract talks with Freeport McMoRan Inc FCX.N by June this year, said Coal and Minerals Director General Bambang Gatot Divestment issues still under discussion between Freeport and State Owned Enterprises Ministry and Finance...

Reuters

UAE energy minister says not concerned with current oil price

ABU DHABI, Jan 11 (Reuters) - United Arab Emirates (UAE) Energy Minister Suhail al-Mazrouei said on Thursday he was not concerned with the current oil price. "We are not panicking or see any need to do anything," Mazrouei said at an oil event in the UAE capital Abu Dhabi. He said...

Reuters

India's ONGC sells Feb-March Russian Sokol crude at highest premium in more than a yr -sources

SINGAPORE, Jan 11 (Reuters) - Indian oil explorer ONGC Videsh has sold a cargo of Russian Sokol crude loading in late February to early March at its highest premium in more than a year, trade sources said on Thursday The 700,000-barrel cargo loading on Feb. 26-March 4 was sold to SK...

Reuters




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