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All publications by tag «»

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2016, October, 21, 18:40:00
SAUDI'S OIL RECORD
The economic consequences of cheap oil have been severe for Saudi Arabia. Riyadh is burning through foreign-exchange reserves, government contractors have gone unpaid, and civil servants, who make up two-thirds of the labor force, will get no bonus this year. The country’s fiscal deficit is more than 10 percent of gross domestic product, the highest ratio of any Group of 20 nation. The International Monetary Fund forecasts that Saudi economic growth will slow to about 1 percent next year, the worst since 2009. A few banks predict a recession.
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2016, October, 21, 18:35:00
SHELL SELLS CANADA: $1 BLN
Shell’s net debt has more than doubled to $75bn since its £35bn takeover of BG Group was completed in February.
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2016, October, 21, 18:30:00
SCHLUMBERGER NET INCOME DOWN 64%
"With the unparalleled cost and cash discipline we have established, we are confident in our capability to deliver incremental margins north of 65% and a free cash conversion rate above 75%. Going forward, this will give us significant flexibility to both re-invest in our business and steadily return cash to our shareholders. This capability, together with our unmatched scale and our unique ability to drive change throughout our company, clearly sets us apart from other industry players."
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2016, October, 21, 08:20:00
RUSSIAN - INDIAN NUCLEAR
ROSATOM - "Historically, India is one of our key foreign partners. Two power units of Russian design are already operating on the Kudankulam NPP site and two more are under construction. To increase the state corporation's market presence, it was decided to open a regional center in Mumbai. This will enable us to join forces with our Indian partners and enhance the performance of Russian nuclear enterprises operating in India," said Aleksey Pimenov, the Regional President of Rosatom South Asia.
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2016, October, 20, 18:45:00
OIL PRICES: ABOVE $52 COURSE
U.S. West Texas Intermediate (WTI) crude oil futures were trading at $50.81 per barrel at 0011 GMT, up 52 cents, or 1 percent, from their last settlement. International Brent crude futures were at $52.14 a barrel, up 46 cents, or 0.9 percent.
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2016, October, 20, 18:40:00
BP: IMPROVING ENERGY EFFICIENCY
We expect global GDP to more than double over the next 20 years, while energy demand increases by only 30%. The difference between those two things is improving energy efficiency or declining energy intensity. That is critical in underpinning the shift we expect to see in the rate of growth of carbon emissions. We think the energy intensity of GDP will decline much more rapidly than we’ve ever seen before.
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2016, October, 20, 18:35:00
SOLIDARITY WITH OPEC
Many nations are willing to join OPEC in cutting production to secure a continued improvement in oil prices, said Saudi Arabia’s Minister of Energy and Industry Khalid Al-Falih.
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2016, October, 20, 18:30:00
THE NEW TIMES OF UAE
An oasis of calm in a hot region, the UAE is at once a critical geo-market and the ideal gateway to the most important oil and gas region in the world.
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2016, October, 19, 18:45:00
OIL PRICES: ABOVE $52 NOW
U.S. West Texas Intermediate (WTI) crude oil futures were trading at $50.81 per barrel at 0011 GMT, up 52 cents, or 1 percent, from their last settlement. International Brent crude futures were at $52.14 a barrel, up 46 cents, or 0.9 percent.
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2016, October, 19, 18:40:00
BP CAN $50
"We can operate in the $50 range, we have to," he said, adding that the business needs to be resilient to price cycles, can adapt and is agile.