Neptune Energy to be ready for IPO by April 2020: CFO

OSLO (Reuters) – Private-equity backed oil and gas firm Neptune Energy plans to be ready for an initial public offering by April next year, Chief Financial Officer Armand Lumens... Read more »

Saudi Arabia names Prince Abdulaziz as new energy minister: state media

DUBAI (Reuters) – Saudi Arabia has named Prince Abdulaziz bin Salman as the kingdom’s new energy minister replacing Khalid al-Falih, state news agency SPA reported on Sunday, citing a... Read more »

Storm Barry cuts half U.S. Gulf Coast oil output, flooding fears close coastal refinery

HOUSTON (Reuters) – An intensifying tropical storm in the U.S. Gulf of Mexico on Thursday cut more than half the region’s oil output, with energy companies evacuating staff from... Read more »

Trafigura’s Puma Energy hires BAML for asset sale: sources

LONDON (Reuters) – Puma Energy, the retail and storage arm of commodities trader Trafigura, has hired Bank of America Merrill Lynch (BAML) to run the sale of some of... Read more »

Rocket hits site of foreign oil firms in Iraq’s Basra, three hurt

BASRA, Iraq (Reuters) – A rocket struck the site of the residential and operations headquarters of several global major oil companies, including U.S. giant ExxonMobil, near Iraq’s southern city... Read more »

Russia’s May oil output hits 11-month low on dirty oil crisis

MOSCOW (Reuters) – Russian oil output fell to 11.11 million barrels per day (bpd) in May, its lowest level since June 2018, from 11.23 million bpd in April, Energy... Read more »

Trump’s Mexican tariffs could hit U.S. refiners, add to fuel costs

HOUSTON (Reuters) – U.S. President Donald Trump’s threats to tax Mexican imports could disrupt a long-standing cross-border energy trade, hitting U.S. consumers and refiners that use Mexican oil by... Read more »

Husky Energy cuts five-year budget, raises cash flow target

(Reuters) – Husky Energy Inc on Tuesday nearly doubled its free cash flow target over five years and cut its capital spending at a time when investors have been... Read more »

Asian renewable investment to overtake upstream oil and gas spending in 2020: Rystad

An animal farm covered with silicon solar panels is seen in Hohhot, Inner Mongolia autonomous region, China September 2, 2017. REUTERS/Muyu Xu SINGAPORE (Reuters) – Renewable energy investment in... Read more »

Heavy rains limit operations at Oklahoma refinery, oil pipeline

(Reuters) – Heavy rains and storms slamming the central United States forced the closure of a HollyFrontier Corp refinery in Oklahoma and a portion of Tallgrass Energy LP’s crude... Read more »