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Finance

Finance
2016, March, 19, 18:50:00

SAUDI & SHELL SHARES

Saudi Aramco, through its wholly owned Saudi Refining Inc. (SRI), and Royal Dutch Shell, through its US downstream affiliate, agreed on Thursday to divide the assets of its 50:50 joint venture Motiva Enterprises.

Finance
2016, March, 17, 19:00:00

ROSNEFT SELLS STAKES

Rosneft said on Wednesday it had signed a binding agreement to sell a 29.9 per cent interest in its Taas-Yuriakh subsidiary, which operates one of the largest oil and gasfields in eastern Siberia, to a consortium of three Indian companies: Oil India, Indian Oil and Bharat Petroresources.

Finance
2016, March, 17, 18:55:00

FOOLED U.S. SHALE

Analysts estimate that between 15 and 20 percent of 2016 U.S. oil production is hedged, and as little as 2 percent for 2017.

Finance
2016, March, 17, 18:50:00

BRITAIN CUT TAXES: $1.4 BLN

Britain's finance minister George Osborne will cut taxes by 1 billion pounds ($1.41 billion) over five years for energy companies pumping oil from the country's North Sea fields, in a boost for an industry suffering low crude prices.

Finance
2016, March, 12, 11:05:00

SCOTTISH DEFICIT: 9.7% GDP

The data was revealed with the release of the Government Expenditure & Revenue Scotland (GERS) on March 9. According to that data, North Sea oil and gas revenue fell by 55% between the fiscal years 2013-2014 and 2014-2015. The revenue for 2014-2015 was just £2.25bn, less than half of the £4.8bn recorded in 2013-2014, and less than a quarter of the £10.9bn recorded in 2011-12.

Finance
2016, March, 4, 19:50:00

CHINA'S LOAN FOR GAZPROM

Gazprom and Bank of China Limited, London Branch entered today in Shanghai into a five-year EUR 2 billion loan facility agreement.

Finance
2014, September, 24, 12:34:00

ROCKEFELLERS REINVEST IN RENEWABLE

BBC - Heirs to the Rockefeller family, which made its vast fortune from oil, are to sell investments in fossil fuels and reinvest in clean energy, reports say.

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OIL (928)
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RUSSIA (454)
GAZPROM (201)
ROSNEFT (165)
U.S. (163)
CHINA (155)
PRICES (116)
LNG (106)
OPEC (103)