Companies
2015, March, 12, 20:45:00
DUTCH QUAKES
Towns in the northern province of Groningen sit atop the continent’s biggest gas field, where the Dutch government says exploration by Royal Dutch Shell Plc and Exxon Mobil Corp. has triggered 196 earthquakes since 2013, damaging buildings and making home sales difficult. Lawmakers, seeking support in provincial elections March 18, have responded to residents’ complaints with a proposed cut in gas production, the second since December, in the hope that less output means fewer tremors.
2015, March, 12, 20:40:00
CHALLENGES IN SAHARA
Significantly lower crude oil prices have reduced foreign companies’ interest in developing oil and gas resources in sub-Saharan Africa nations, speakers at a Woodrow Wilson Center for International Studies seminar agreed. Lower prices also could give governments some time to develop better frameworks so economic and social benefits reach their countries’ general populations, they added.
2015, March, 12, 20:35:00
CHEVRON STRATEGY & PRIORITIES
Chevron Corporation executives, at the company's annual security analyst meeting in New York, expressed confidence in the long-term energy business and highlighted its growth outlook through 2017. At the same time, company executives outlined near-term actions to address the recent decline in commodity prices.
2015, March, 9, 19:15:00
THE NEW RUSSIAN EMPIRE
Ex-BP boss aims to build major energy industry player from scratch
Lord Browne heads new oligarch-backed $10bn fund L1 which is buying up energy industry assets while price of oil is low
2015, March, 9, 19:10:00
THE HORRIBLE RUSSIAN GAS
Russia’s bid for Turkish Stream pipeline may open the gates to the competition it most fears
2015, March, 9, 19:05:00
CHINA ANNOUNCES START
CNOOC announces production start at offshore exploration project
2015, March, 9, 19:00:00
GE OPENS AUSTRALIA
GE announced on March 6 its new oil and natural gas facility in Broome, Western Australia, is finished and operational. The location includes a custom-build workshop, a warehouse, office space and an equipment hardstand area.
2015, March, 8, 13:15:00
U.S. SHALE NEED SALE
Whiting Petroleum, the largest oil producer in the Bakken shale of North Dakota, has hired bankers to seek potential buyers after coming under financial pressure due to plummeting crude prices, according to people familiar with the matter.
2015, March, 7, 22:20:00
EU & GAZPROM RELATIONSHIPS
While many may be counting on US LNG as an alternative solution to solve the diversification dilemma in Europe, Sergei Komlev, Head of Contract Structuring and Price Formation Directorate, Gazprom Export, says "not so fast."
2015, March, 7, 22:05:00
BRITAIN NEED NOT RUSSIA
At the very beginning of developing the region’s life in the early 1970s, the Government turned to the British National Oil Corporation (BNOC) and the partly state-owned British Petroleum to kick start oil production offshore of Aberdeen.
2015, March, 7, 21:55:00
U.S. OIL STRIKE
The United Steelworkers union (USW) and Royal Dutch Shell PLC, which serves as lead company for National Oil Bargaining negotiations, have agreed to return to the bargaining table in an attempt to resolve USW’s more than 5-week-long unfair labor practice strike in effect at US refineries and associated installations
2015, March, 7, 21:50:00
BP $12 BLN DEAL
BP PLC and a local partner have signed final agreements for the West Nile Delta (WND) natural gas project in Egypt, whereby $12 billion will be invested to develop 5 tcf of gas resources and 55 million bbl of condensates.
2015, March, 3, 21:00:00
NEW RUSSIAN EMPIRE
Russian billionaire Mikhail Fridman began building an international energy company on Monday, closing a €5.1 billion ($5.7 billion) purchase of German utility RWE AG ’s oil-and-gas business over British opposition that could force the sale of the unit’s U.K. assets.
2015, March, 3, 20:55:00
RUSSIA SEEK REVIEW
Russian billionaire Mikhail Fridman said on Monday he would buy a number of gas licenses in the North Sea despite British opposition, threatening legal action if London should force him to sell them on to a third party.
2015, March, 3, 20:50:00
RUSSIA & TURKEY STREAM: CAN AGREE
Russia may sign an intergovernmental agreement on the Turkish Stream gas pipeline in the 2nd quarter of 2015.