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(AP Photo/Hasan Jamali, File)

IEA: Iran return will intensify Europe oil-price competition

Europe will be the battleground between producers of sour crude grades, including Russia, Iraq, Saudi Arabia and Iran, as the Asian market becomes more “crowded,” the Paris-based IEA said in its monthly report.
Prime Minister Vladimir Putin of Russia visits an oil rig in the Caspian Sea operated by Lukoil, April 28, 2010. (Alexei Druzhinin/Pool via The New York Times)

Russia’s oil rivalry with Saudis masks bigger Iranian threat

Iranian shipments to Europe came to about 600,000 barrels a day, or 17 percent of its production, before sanctions blocked imports in 2012.
Source:, Trans Adriatic Pipeline.

Commentary: Southern Gas Corridor can boost regional stability

Georgios Papanikolaou is the Consul of Greece to Houston; Elena Sgarbi is the Consul General of Italy to Houston; and Ferhat Alkan is the Consul General of the Republic of Turkey to Houston.
(Matthew Lloyd/Bloomberg)

BP plans to start natural gas output from Egypt’s atoll in 2018

Royal Dutch Shell Plc, Europe’s biggest energy company, and BP are struggling to increase oil and gas production and add to their reserves.
LyondellBasell CEO Bob Patel left, and plant manager Todd Monette right, walk through the Olefins Plant of LyondellBasell Chemical Company during a tour Friday, Aug. 21, 2015, in Channelview. 
 ( James Nielsen / Houston Chronicle )

Low oil prices cut into LyondellBasell income

While North American profit margins are not as strong as they were last year, the petrochemical boom along the Gulf Coast is still moving forward.
(AP Photo/Scanpix, Statoil)

Monster gas field revival sets Norway up for output record

Norway is on track for record gas production this year after Statoil ASA put an end to technical issues that limited the capacity for the country’s biggest field.
Total headquarters outside Paris. (AP file photo/Jacques Brinon)

Total SA avoids big earnings dip

The Paris-based company said low oil prices were partially offset by a 12 percent increase in oil and gas production compared to last year, strong refining margins and the results of Total’s cost reduction program.
An oil tanker, right, cruises past a new liquefied natural gas tanker at the Cheniere terminal in Cameron Parish, La. (Michael Stravato/The New York Times)

Flotilla of European gasoline tankers fuels U.S. driving binge

Surging demand and rising prices for gasoline in the U.S. are luring about double the number of tankers compared with 2014, boosting shipping rates to the highest seasonal levels in seven years.
Siemens CEO Joe Kaeser (Getty Images)

Siemens said to need service sales boost to meet margin goal

Chief Executive Officer Joe Kaeser, who is focusing Siemens on energy generation and distribution, last year spent $7.6 billion on acquiring oil and gas specialist Dresser-Rand Inc. to boost the company’s installed base of equipment and gain the associated lucrative service contracts.
Rex Tillerson, chairman, president, and CEO of ExxonMobil Corp. ( Johnny Hanson / Houston Chronicle )

Exxon CEO touts climate benefits of shale gas

European oil companies including Royal Dutch Shell Plc, BP Plc and Total SA are promoting gas as a way to limit the growth of emissions blamed for climate change. They have also called for a price on carbon dioxide.