Articles

  • 2 weeks ago | worldenergynews.com | Erwin Seba |Joseph Keefe

    Talks to end the largest U.S. refinery strike in 35 years are not expected to resume this week, sources familiar with the negotiations said on Monday after the number of plants hit by walkouts increased over the weekend. Face-to-face meetings between the United Steelworkers union (USW) and lead refinery owner representative Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc (RYDAF), might remain on hold until the second week of March, the sources said.

  • 2 weeks ago | worldenergynews.com | Nerijus Adomaitis |Joseph Keefe

    Lithuania's Litgas has signed a natural gas transit deal with Latvian grid operator Latvijas Gaze to ensure shipments to Estonia, the company said on Friday. Litgas has a contract with Norway's Statoil (STO) to buy 500 million cubic metres (mcm) of gas per year via an LNG import terminal which opened in Lithuania last year. "Our transit agreement is an important step towards a common and liberalised natural gas market in the Baltic countries," said Dominykas Tuckus, general manager of Litgas.

  • 2 weeks ago | worldenergynews.com | Tanvi Mehta |Joseph Keefe

    Specialty chemical manufacturer W.R. Grace & Co said it would split into two companies to improve strategic focus, simplify operating structures and make better use of capital. The company, which emerged from one of the longest U.S. bankruptcies in 2013, said on Thursday that the split would take place as a tax-free transaction to shareholders. W. R.

  • 2 weeks ago | worldenergynews.com | Pavel Polityuk |Joseph Keefe

    Ukraine has suspended supplies of gas to its eastern regions because the gas network was damaged by fighting between pro-Russian separatists and government forces, Ukrainian state gas firm Naftogaz said on Thursday. "Due to the extensive damage of the gas transport networks, the supply of gas ... was suspended on Feb. 18. The resumption of gas supplies is not yet possible because of the ongoing hostilities in the region," the company said in a statement. Reporting by Pavel Polityuk

  • 2 weeks ago | worldenergynews.com | Jeb Blount |Marta Nogueira |Joseph Keefe

    Brazil's state-run oil company Petrobras is likely to take a corruption-related charge against earnings in its 2014 fourth-quarter audited financial statement expected by the end of April, a source with direct knowledge of the company's plans told Reuters on Wednesday. On Tuesday, the board of Petroleo Brasileiro SA, as Petrobras is formally known, declined to take a corruption-related writedown investors had expected as part of its delayed unaudited third-quarter financial statements.

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