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Australia's Santos wins state green light for $2.6 billion gas project

An Australian state on Wednesday approved a A$3.6 billion ($2.6 billion) gas project planned by Santos Ltd <STO.AX>, clearing the biggest hurdle for a long-opposed development that the government says could help fill a supply gap expected from 2024.

Norway's Equinor aims to continue production despite strike

Oil major Equinor <EQNR.OL> will seek to maintain production at western Europe's largest producing oilfield despite a strike among some of the field's workers, the company said on Wednesday.

In Pennsylvania coal country, miners forgive Trump for failed revival

Rick Bender, who owns a coal processing plant in Hegins, Pennsylvania, voted for Republican Donald Trump in 2016, in part because of his promise to revive the industry from a decade-long decline.

Marathon Petroleum, top U.S. refiner, begins widespread job cuts

Marathon Petroleum Corp <MPC.N>, the largest U.S. oil refiner, began cutting jobs on Tuesday across the company, according to people familiar with the matter, as the COVID-19 pandemic sapped demand for motor fuels.

Latest News

Umicore plans job cuts, closures to consolidate cobalt business

Belgium's Umicore SA <UMI.BR> on Wednesday announced plans to streamline its cobalt activities by cutting job and shutting down operations.

Japan's gasoline imports jump 27% in August

Japan's gasoline imports jumped 27.3% in August from a year earlier due to cheaper overseas prices and tighter local supply as refiners kept run rates low amid slumping demand for jet fuel, the Ministry of Economy, Trade and Industry (METI) said on Wednesday.

BP's Tangguh LNG Train 3 in Indonesia delayed again due to pandemic

The start of operations of Train 3 at BP's <BP.L> Tangguh LNG plant in Indonesia is set to be pushed back again due to labour restrictions implemented as a precaution during the coronavirus pandemic, the company and a regulator said.

Norway's Equinor says it aims to uphold Sverdrup output despite strike

Oil major Equinor <EQNR.OL> will seek to maintain output at Norway's Johan Sverdrup oilfield, despite a strike among some of the field's workers, a company spokesman said on Wednesday.

India extends deadline for initial bids to buy state-owned BPCL

India said on Wednesday it has extended the deadline for submitting initial bids to buy state-owned Bharat Petroleum Corp Ltd to Nov. 16.

NextEra Energy made takeover approach to Duke: WSJ

Power producer NextEra Energy Inc <NEE.N> recently made a takeover approach to peer Duke Energy Corp <DUK.N>, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Trump issues permit for Alaska to Alberta railway

President Donald Trump has issued a presidential permit for a private-sector proposal to build a railway from Canada's oil sands to ports in Alaska, a project that still faces numerous hurdles.

Trump public lands agenda threatened by new court ruling - lawyers

A federal court ruling that the U.S. Bureau of Land Management had an illegitimate director for more than a year has cast doubt over a slew of the agency's recently completed efforts to boost oil and gas development on federal lands, according to lawyers and environmental...

Indigenous activists occupy Petroperu pipeline facilities over healthcare demands

More than 100 indigenous activists in Peru´s Amazon occupied infrastructure belonging to the state-run Petroperú pipeline, the company said on Tuesday, demanding improved social benefits and health care in the face of the coronavirus pandemic.

Colorado oil regulators endorse new drilling restriction

Colorado's oil and gas regulator this week gave preliminary approval for a rule to require a 2,000-foot (610 meter) separation between new oil and gas wells and public spaces, compared to as little as 500 feet currently.

Meatpackers deny workers benefits for COVID-19 deaths, illnesses

Saul Sanchez died in April, one of six workers with fatal COVID-19 infections at meatpacker JBS USA's slaughterhouse in Greeley, Colorado, the site of one of the earliest and deadliest coronavirus outbreaks at a U.S. meatpacking plant.

Oil falls over 3% as virus cases mount and U.S. debate looms

Oil prices fell over 3% on Tuesday to their lowest in two weeks on worries about the outlook for fuel demand as Europe and the United States grappled with a surge in new coronavirus infections.

Shell sets out steps to make German activities carbon-neutral

Royal Dutch Shell <RDSa.L> has drawn up plans to make its German operations carbon-neutral as it seeks to cut its own and customers' emissions by more than a third over a decade.

Oil traders doubt OPEC will boost output as planned in 2021, citing bearish signals

OPEC is unlikely to increase oil output as planned from January next year as it could mean adding more downside pressure to the already bearish and weak market, top traders said on Tuesday.

Exclusive: Rosneft, Aramco unlikely to bid for India's BPCL stake -sources

Rosneft and Saudi Aramco are unlikely to bid in the privatisation of Indian refiner Bharat Petroleum Corp <BPCL.NS>, sources familiar with the matter said, as low oil prices and weak demand curb their investment plans.

Factbox: How a Biden presidency would transform the U.S. energy landscape

Should Joe Biden win November's U.S. presidential election, there could be a number of changes in energy policy.

Mercuria beefs up renewable energy investment with private equity partners, CEO says

Global energy trader Mercuria has teamed up with U.S. private equity firms to invest in renewable energies, its chief executive told the FT Global Commodities Summit.

U.S. court backs FTC lawsuit to block Peabody, Arch Resources JV

Coal miner Peabody Energy said on Tuesday a district court has upheld the U.S. Federal Trade Commission's lawsuit to block the company's joint venture with Arch Resources in Wyoming.

Oil rig owner Borr secures extra liquitity from lenders

Lenders to oil rig operator Borr Drilling have agreed to provide about $12 million in extra liquidity, the company said on Tuesday.

UniCredit sues Hin Leong, Glencore over 'sham' oil deal

Italy's UniCredit SpA <CRDI.MI> has sued Hin Leong Trading Pte Ltd over a letter of credit, court documents show, one of several the Singapore oil trader sought from lenders for oil purchases but used to pay debt instead.

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