U.S. oil and gas company Apache Corp said on Thursday it expects to spend much less on exploration and production this year than originally planned, becoming the latest shale producer to cut capital spending amid a fall in crude prices.Apache set a capital budget for oil production of $2…
Israel's Paz Oil Co said on Wednesday its board has authorized management to move forward with a plan to build a third power plant to supply 700 megawatts of electricity for the national grid.Such a plant, to be built in the port of Ashdod, would cost up to $700 million…
France plans to double its renewable energy capacity with a system of regular tenders under a draft 10-year energy strategy plan published on Friday.The so-called PPE plan, which lays out capacity targets for various energy sectors over the 2019-2023 and 2024-28 periods…
The U.S. government shutdown has delayed Enterprise Products Partners LP's plan to build a major U.S. crude export terminal off Houston, blocking the pipeline operator from filing paperwork with U.S. regulators, an executive said on Wednesday…
The Italian government is planning to block the issuing of about 36 permits to look for oil and gas as part of plans to cut the country's carbon footprint, the industry ministry said on Wednesday.In a statement the ministry said upstream oil…
Oil production continues to be suspended at the SeaRose FPSO, about 350 kilometers east of St. John’s for the last 50 days. There’s no information on when production will resume.Production was suspended and shutdown began on November 16 after two spills - an estimated 250…
The partial government shutdown is increasing the chances of delays in U.S. energy initiatives from the release of President Donald Trump's proposed offshore drilling plan to allowing higher levels of ethanol in gasoline during summer months…
The newly formed exploration and production (E&P) company Vår Energi is progressing the redevelopment of the Balder and Ringhorne area offshore Norway and a FEED contract for the Jotun FPSO life extension has now been signed with Aker Solutions…
Canada's Cenovus Energy Inc said on Tuesday it would reduce its capital spending for 2019 by 4 percent amidst a broader turnaround plan following its highly criticized deal with ConocoPhillips.The company said it plans to invest between C$1…
Brazil's right-wing President-elect Jair Bolsonaro is likely to revise the just-announced investment plans of state-controlled oil company Petroleo Brasileiro SA, newspaper O Estado de S. Paulo reported on Thursday, citing an unnamed source…
International energy group BP plans to shut two oil producing platforms in Azerbaijan for up to 15 days in 2019 for planned maintenance, BP Azerbaijan's vice president said on Wednesday.He declined to say when exactly the maintenance would take place…
International Maritime Organization (IMO) technical assistance and institutional support has been instrumental in the recent adoption of the Association of Southeast Asian Nations (ASEAN) Regional Oil Spill Contingency Plan.IMO said that the…
Germany intends to increase energy production from wind and solar farms by a further 8 gigawatts (GW) over the next three years as the government tries to compensate for its decision to abandon strict emissions targets.Chancellor Angela Merkel's…
Norwegian oil and gas firm Equinor plans to drill more exploration wells internationally and more onshore wells in 2019 compared to this year, the company's head of exploration said on Tuesday.'In general, there will be more international activity…
Russian Energy Minister Alexander Novak said on Monday that the country was planning to sign a partnership agreement with the Organization of the Petroleum Exporting Countries (OPEC) and that it would be discussed at OPEC's December 6 meeting…
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