Netherlands to end Groningen gas production by Oct 1

[ad_1] THE HAGUE, June 23 (Reuters) – Gas production at the Netherlands’ Groningen field will end by Oct. 1, the government said on Friday, as it kept its promise to…

Hedge funds bet on oil’s ‘big comeback’ after pandemic hobbles producers

[ad_1] TORONTO, Feb 7 (Reuters) – Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up…

Rosneft’s Sechin: Russia losing out to OPEC+ due to different exports structure

[ad_1] Sechin proposes OPEC+ to monitor oil exports Sechin: OPEC will not be able to meet rising oil demand Sechin: more difficult for OPEC+ to find common solutions MOSCOW, June…

TotalEnergies buys $219 million stake in LNG developer NextDecade

[ad_1] PARIS, June 14 (Reuters) – TotalEnergies (TTEF.PA) will buy a 17.5% stake in U.S. liquefied natural gas developer NextDecade (NEXT.O) for $219 million, the French group said on Wednesday,…

OPEC oil output falls on Iraq, Nigeria outages, Reuters survey finds

[ad_1] LONDON, May 2 (Reuters) – OPEC oil output fell in April due to a halt in some of Iraq’s exports and delays to Nigerian shipments, a Reuters survey found…

Russian Nord Stream 2 pipe-laying vessel leaves German site, indicating project progress

[ad_1] MOSCOW, Dec 28 (Reuters) – The Russian pipe-laying vessel Fortuna has left the Nord Stream 2 gas pipeline construction site in the Baltic Sea, Refinitiv Eikon data showed on…

Energy firms in Germany join up for sea-to-inland hydrogen route

[ad_1] FRANKFURT, April 25 (Reuters) – Seven companies in Germany’s energy sector said on Tuesday that they had formed an alliance to bring clean hydrogen from the seashore to centres…

Marathon Petroleum posts smaller-than-expected loss as refining margins improve

[ad_1] May 4 (Reuters) – U.S. refiner Marathon Petroleum Corp (MPC.N) reported a smaller-than-expected first quarter loss on Tuesday helped by a jump in refining margin and COVID-19 vaccine rollouts,…

EXCLUSIVE Baker Hughes, AXA Group, 16 others quit Nord Stream 2 pipeline -U.S.

[ad_1] WASHINGTON, Feb 24 (Reuters) – Baker Hughes Co (BKR.N) and AXA Group (AXAF.PA) and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and…

Exxon declares force majeure on crude liftings in Nigeria

[ad_1] HOUSTON, April 17 (Reuters) – (This April 17 story has been corrected to reflect that divestiture had not been concluded in paragraph 3) Exxon Mobil Corp. (XOM.N) in Nigeria…