Companies
2014, October, 12, 20:05:00
ROSNEFT & MORGAN STANLEY: NO GUARANTEES
Morgan Stanley ’s deal to sell an oil trading business to Rosneft , the state-owned Russian oil group, is close to collapse amid the profound chill in relations between Russia and the US.
2014, October, 12, 20:00:00
ROSNEFT SEEKS LAWYERS: $28 MLN
Russia's top oil producer Rosneft has turned to UK-certified lawyers in its fight against Ukraine-related Western sanctions which have hit the company's output and prospects for its push to tap Arctic riches.
2014, October, 12, 19:55:00
GAZPROM: STOP LNG
Gazprom has said it could shelve its Vladivostok liquefied natural gas project as the Russian state-controlled energy giant focuses on supplying more gas to China by pipeline.
2014, October, 11, 19:40:00
U.S. HAS GONE BUST
The share-price boom at U.S. energy firms has gone bust, due to slumping global growth and tumbling crude prices.
2014, October, 11, 19:35:00
OIL MAJORS RAN: $55 BLN
This year's fall in energy prices is hastening the decline of big oil, as the seven Western majors sell-off assets, cut investment, return money to shareholders and shrink in size, leaving ever more output to small producers and state firms.
2014, October, 11, 19:20:00
EU ENERGY DIVERSIFICATION
Poland’s ambition to achieve energy independence from Russia is being undermined by drillers giving up on the nation’s shale wells after disappointing results.
2014, October, 11, 19:10:00
RUSSIA SANCTIONS: STOP BNP PARIBAS
French banking giant BNP Paribas SA has stopped offering letters of credit to finance commodities trades involving sanctioned Russian banks, according to people familiar with the matter—the latest fallout from tightening economic restrictions imposed by the West against Moscow.
2014, October, 11, 19:05:00
KASHAGAN: RISE $4 BLN
The cost of Kashagan, already the world’s most expensive oil project, is set to rise by nearly $4bn as the companies developing it are forced to replace 200km of leaking pipelines.
2014, October, 11, 19:00:00
EXXON WINS $1.6 BLN
A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp about $1.6 billion to compensate for oil nationalization in 2007, though state oil company PDVSA expects to eventually pay closer to $1 billion.
2014, October, 9, 20:30:00
RUSSIA SANCTIONS PROGRESS
Sanctions against the Russian Federation, more specifically in its energy section, seem to have been gradually nullified due to a counteraction by Moscow, which as of late made significant progress on several long-standing issues that have long-term effects on the global natural gas sector.
2014, October, 9, 20:20:00
ARGENTINE TANGO
Gazprom and Argentina address potential of joint gas projects
2014, October, 9, 20:05:00
EU: CANADA OIL
Canada scored a victory Tuesday when the European Union ditched plans to label oil derived from oil sands as dirtier than other forms of crude, removing a major potential obstacle to exporting the controversial fuel to Europe.
2014, October, 8, 21:05:00
SANCTIONS VS PRICES
Oil prices that have plunged to a 27-month low are inflicting damage on a Russian economy already contending with escalating sanctions from the U.S. and European Union over its role in Ukraine.
2014, October, 8, 21:00:00
LUKOIL LAUNCHES OILFIELD: 1.4 BLN BBL
Russia's No.2 oil producer Lukoil launched an oilfield in western Siberia ahead of schedule on Wednesday, a major step in its drive to prop up falling production and to weather U.S. sanctions over Ukraine.