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Key Energy Services to pay $5M to settle bribes case

HOUSTON (AP) — A Houston energy company will pay $5 million to settle U.S. allegations of bribing a contract worker for Mexico’s state-owned oil company, Pemex. The Securities and Exchange Commission reached the agreement with Key Energy Services Inc. The case involve $229,000 in payments by subsidiary Key Mexico from 2010 through 2013. Key Energy, in the settlement, does not ...

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China city suspends search for nuclear fuel facility

China, nuclear energy

BEIJING (AP) — A city in eastern China city on Wednesday suspended preliminary work on site selection for a nuclear fuel reprocessing facility following days of protests by area residents that underscored a growing willingness by the public to oppose projects seen as threatening lives and property. A one sentence notice posted Wednesday on the website of the Lianyungang city ...

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Militants: Ex-president is sponsor of Nigeria oil attacks

nigerian oil militants, nigeria pipeline attack

WARRI, Nigeria (AP) — A splinter group of Nigerian oil militants accuses former President Goodluck Jonathan and other politicians in the oil-rich Niger Delta of sponsoring attacks on oil installations that have slashed the West African nation’s petroleum production. Jonathan denied the allegations Monday and, through a spokesman, said the militants want to kill him. On Sunday, the Reformed Niger ...

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OPEC oil ministers to meet informally in September

OPEC

VIENNA (AP) — OPEC has announced that oil ministers of the 14-nation organization will meet in September, well ahead of their previously scheduled November meeting. Monday’s announcement notes that the meeting will be “informal.” Still, it is unusual for the Organization of the Petroleum Exporting Countries to come together at the ministerial level outside of their regularly set gatherings. OPEC ...

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Nigeria using power, persuasion to curb oil militant attacks

Nigeria pipeline attack

WARRI, Nigeria (AP) — Nigeria’s government has resumed paying stipends to former militants even as security forces’ air and ground assaults have reportedly killed scores of fighters disrupting petroleum production in the oil-rich Niger Delta. President Muhammadu Buhari’s government is using power and persuasion in a bid to halt attacks on oil installations that have cut production from 2.2 million ...

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Kuwait raises gasoline prices, following Gulf neighbors

Kuwait skyline. (Image: Khaleel Haidar via Flickr)

KUWAIT CITY (AP) — Kuwait will raise its subsidized gasoline prices by as much as 83 percent beginning in September, becoming the last Gulf nation to do so as low global oil prices continue to gnaw away at governments across the region. Kuwait’s Cabinet announced the decision on Monday, with the biggest price hike coming for its premium-grade gasoline. As ...

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Puerto Rico hit with new power bill increase amid crisis

Puerto Rico

SAN JUAN, Puerto Rico (AP) — Puerto Ricans have been hit with another increase in electric bills as the U.S. territory’s power company struggles to stay afloat. The heavily indebted Electric Power Authority says the increase implemented on Monday will generate some $94 million this fiscal year. Clients on average will see a $6 monthly increase in bills, which already ...

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