Oil & Gas

Gas giant fined for market manipulation

Vitol is being fined for having purchased gas at artificially low prices on the French wholesale market. Danish Utility Regulator Director General Carsten Smidt says the case is big and important, but the company denies blame.

The oil industry fears green governments

It will take decades to phase out fossil fuels, but an increasing number of countries are spurring that development, leading oil companies to think shortsightedly while investors get nervous. The powerful upward pressure under energy prices is already slowing down the global economy.

Shell invests in North Sea gas field

Following the terms of an ownership agreement, the Dutch-British oil major is taking over operations and will take this year's fourth decision on financing its North Sea activities.

Big banks incorporate climate considerations into shipping loans

Banks are now prepared to place climate demands on their maritime customers. Several of the world's leading shipping banks are working on a set of guidelines under the name "Poseidon Principles", which aims at pressuring the sector into thinking green, gathers ShippingWatch.

Shell, partners announce USD 31 Billion LNG Canada investment

Royal Dutch Shell Plc and its partners announced an agreement to invest in a multibillion-dollar liquefied natural gas project in western Canada – the largest of its kind in years that will carve out the fastest route to Asia for North American gas.

Wintershall and DEA set to merge

BASF and LetterOne have signed an agreement to merge their respective oil and gas businesses in a joint venture, which will operate under the name Wintershall DEA.

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