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2015, July, 30, 19:10:00
SAIPEM CUTS 8,800
Italian services firm Saipem said Tuesday it will cut 8,800 jobs during the next two years after booking about $1 billion in write downs in the second quarter and slashing its annual guidance.
2015, July, 30, 19:05:00
BP DOWN $6.3 BLN
BP swung to a $6.3 billion second quarter loss on Tuesday after write downs tied to the ongoing conflict in Libya and the company’s recent Deepwater Horizon settlement.
2015, July, 30, 19:00:00
WEATHERFORD CUTS 11,000
Weatherford International boosted its headcount reduction target by 1,000 on Thursday to 11,000 positions.
2015, July, 17, 12:55:00
EU DECREASES RUSSIA
Fifteen nations, more than half of them from the former Soviet bloc, endorsed an action plan to improve energy infrastructure and ultimately to ensure each of them maintains three separate sources of supply. Ministers meeting in Dubrovnik, Croatia, with Maros Sefcovic, the European Commission’s vice president in charge of energy union, chose seven gas link projects that should be sped up and that may be eligible for financial support.
2015, July, 17, 12:40:00
SHELL EXPECTS $90
The Anglo-Dutch energy giant is betting on crude rising to $90 a barrel by 2020, a key assumption in its move to buy rival BG Group (BG.L) for $70 billion to help transform it into a leading player in the costly deepwater oil production and liquefied natural gas (LNG) markets.
2015, July, 17, 00:50:00
UKRAINE WANTS MONEY
This month the head of the EBRD said the bank could invest hundreds of millions of dollars in Ukraine's energy sector this year, but that any investment would depend on Kiev implementing long-promised energy sector reforms.
2015, July, 17, 00:45:00
RUSSIAN TERMINAL CANCELED
Rotterdam, Europe's largest port, said on Thursday that plans to build a Russian-backed 3 million cubic meter oil storage terminal had been canceled after its Russian partner raised concerns over the project's feasibility.
2015, July, 17, 00:35:00
SCHLUMBERGER DOWN 30%
Schlumberger Ltd.'s second-quarter earnings fell 30% on plunging revenue, as the oil-services sector continues to grapple with weak oil prices.
2015, July, 16, 19:30:00
OIL PRICES HAVE TIGHTENED
Low oil prices have tightened the screws on some of the most depleted and costly oilfields in Britain's North Sea, forcing operators to cease production earlier than planned and adding to fears of a domino effect in mature areas.
2015, July, 16, 19:25:00
GAS: FROM RUSSIA WITH LOVE
For many years, Russia has advocated that the frequent gas interruptions are the fault of transit states such as Ukraine, whom the Kremlin sees as unreliable. As a result, Gazprom rolled out several pipeline projects that would bypass Ukraine altogether and provide a direct route to its customer base in Europe.