HONGHUA GROUP issued a profit warning, expecting the net profit for the six months ended 30 June 2015 to decrease significantly as compared to that for the same period in 2014 and may record a loss.

Technip will reduce its global workforce by 6,000 employees and accelerate cost reduction and efficiency in “anticipation of an even more challenging environment in oil and gas.”

North Sea Brent crude oil prices averaged $61/barrel (b) in June, a $3/b decrease from May. Crude oil prices fell by about $4/b on July 6 in the aftermath of the "no" vote in Greece on the economic program, as well as lingering concerns about lower economic growth in China, higher oil exports from Iran, and continuing growth in global petroleum and other liquids inventories.

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $41.9 billion in May, up $1.2 billion from $40.7 billion in April, revised.

«Северный поток I» — экспортный газопровод мощностью 55 млрд куб. м газа в год, проложенный по дну Балтийского моря из России в Германию. Оператором проекта является совместное предприятие Nord Stream AG («Газпром» — 51%, Wintershall и E.ON — по 15,5%, Gasunie и ENGIE — по 9%).

Реализация положений подписанных Основных условий позволит «Роснефти» получить доступ к египетскому рынку газа, обладающим существенным потенциалом роста, а также расширить сотрудничество между компаниями. Кроме того, сотрудничество с EGAS позволит «Роснефти» усилить свои позиции на мировом рынке трейдинга СПГ.

China's crude oil output looks set to rise this year from a record in 2014 as new production from third largest producer CNOOC helps to counter reductions from its two bigger rivals.

The economic battle that is currently taking shape will have global ramifications for many years to come. Energy is certainly playing a major role in this economic battle, with Moscow seeking to counteract the desire of Washington and Brussels to divide Russia from Europe. The Russian government unquestionably has massive power owing to the amount of energy exportation that it is involved in, and a lack of cooperation in this regard would certainly be damaging to numerous Western companies and countries alike.

Europe could take advantage of global LNG dynamics, but much of the evolution of the European LNG market depends on Gazprom’s decisions in the short to medium term,

After the cancellation of the South Stream natural gas pipeline last December due to the EU’s blockage of the project, Russia announced an alternative project called the Turkish Stream which will hit the shore on the European side of Turkey near Kıyıköy.