All publications by tag «OIL»
![All publications by tag](/cache/2014/10/SAUDI-8.7c9930c4.gif)
2014, October, 14, 20:48:00
KUWAIT & SAUDI WON’T REDUCE: $76/BBL
Two of OPEC’s biggest members say they won’t immediately reduce oil production to offset tumbling prices, a signal the group is unlikely to heed Venezuelan calls for an emergency meeting.
![All publications by tag](/cache/2014/10/IEA-3.d63ac882.jpg)
2014, October, 14, 20:45:00
IEA: ENERGY IS A KEY
Increasing access to modern forms of energy is crucial to unlocking faster economic and social development in sub‑Saharan Africa, according to the International Energy Agency’s (IEA) Africa Energy Outlook, a Special Report in the 2014 World Energy Outlook series.
![All publications by tag](/cache/2014/10/CHINA-40.db5ee0a5.jpg)
2014, October, 14, 20:30:00
EVEN STRONGER
Rosneft and Chinese National Petroleum Corporation (CNPC) signed an agreement for the extensions of strategic cooperation.
![All publications by tag](/cache/2014/10/ROSNEFT-55.c9baf2a4.jpg)
2014, October, 14, 20:25:00
NINE TIMES MORE
Rospan International (Rosneft subsidiary) carried out a record hydrofracturing at the Urengoiskoe field, which resulted in the 9 times increase of production rate.
![All publications by tag](/cache/2014/10/ROSNEFT-54.4dbc2e2a.jpg)
2014, October, 14, 20:20:00
ROSNEFT HIRES ZAIWALLA
Russian oil giant OAO Rosneft is devising a legal strategy to fight Western sanctions in European courts, according to people familiar with the strategy—a tactic modeled on the so-far successful legal campaign waged by Iran’s Bank Mellat.
![All publications by tag](/cache/2014/10/STATOIL-13.e540511a.jpg)
2014, October, 14, 20:10:00
STATOIL SELLS SHAH DENIZ: $2.25 BLN
Statoil ASA (STL), Norway’s biggest energy company, will sell its 15.5 percent stake in the Shah Deniz field in Azerbaijan to Malaysia’s Petroliam Nasional Bhd for $2.25 billion as it seeks to reduce investment and prioritize high-value projects.
![All publications by tag](/cache/2014/10/TANZANIA-3.57a3d227.jpg)
2014, October, 14, 20:05:00
TANZANIA OFFSHORE GAS: 216 MB
Norwegian oil company Statoil ASA ( STO ) said Tuesday that with its partner ExxonMobil Corp. ( XOM ) it has discovered 1.2 trillion cubic feet of natural gas, or 216 million barrels of oil equivalent, in the Giligiliani-1 well offshore Tanzania, the joint venture's seventh discovery in the block 2 area.
![All publications by tag](/cache/2014/10/OIL-30.d886f07b.jpg)
2014, October, 12, 20:20:00
OPEC: OIL PRICE MOVEMENTS
The OPEC Reference Basket fell $4.77 to stand at $95.98/b in September, as sluggish demand and ample supply continue to weight on the oil market.
![All publications by tag](/cache/2014/10/OIL-29.e69dadfb.jpg)
2014, October, 12, 20:15:00
OIL PRICE DROP HURTS OPEC
The continuing slump in global oil prices is punching holes in the budgets of oil-producing countries, including some OPEC members such as Iraq and Libya that are struggling with severe political and security problems.
![All publications by tag](/cache/2014/10/RUSSIA-87.571dba9c.jpg)
2014, October, 12, 20:10:00
RUSSIANS KEEP CALM
With the rouble down 18 percent against the dollar this year and sanctions chipping away at economic ties with the West, ordinary Russians might be forgiven for rushing to put their money in a nice, "safe" foreign currency.