Companies
2014, October, 11, 19:20:00
EU ENERGY DIVERSIFICATION
Poland’s ambition to achieve energy independence from Russia is being undermined by drillers giving up on the nation’s shale wells after disappointing results.
2014, October, 11, 19:10:00
RUSSIA SANCTIONS: STOP BNP PARIBAS
French banking giant BNP Paribas SA has stopped offering letters of credit to finance commodities trades involving sanctioned Russian banks, according to people familiar with the matter—the latest fallout from tightening economic restrictions imposed by the West against Moscow.
2014, October, 11, 19:05:00
KASHAGAN: RISE $4 BLN
The cost of Kashagan, already the world’s most expensive oil project, is set to rise by nearly $4bn as the companies developing it are forced to replace 200km of leaking pipelines.
2014, October, 11, 19:00:00
EXXON WINS $1.6 BLN
A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp about $1.6 billion to compensate for oil nationalization in 2007, though state oil company PDVSA expects to eventually pay closer to $1 billion.
2014, October, 9, 20:30:00
RUSSIA SANCTIONS PROGRESS
Sanctions against the Russian Federation, more specifically in its energy section, seem to have been gradually nullified due to a counteraction by Moscow, which as of late made significant progress on several long-standing issues that have long-term effects on the global natural gas sector.
2014, October, 9, 20:20:00
ARGENTINE TANGO
Gazprom and Argentina address potential of joint gas projects
2014, October, 9, 20:05:00
EU: CANADA OIL
Canada scored a victory Tuesday when the European Union ditched plans to label oil derived from oil sands as dirtier than other forms of crude, removing a major potential obstacle to exporting the controversial fuel to Europe.
2014, October, 8, 21:05:00
SANCTIONS VS PRICES
Oil prices that have plunged to a 27-month low are inflicting damage on a Russian economy already contending with escalating sanctions from the U.S. and European Union over its role in Ukraine.
2014, October, 8, 21:00:00
LUKOIL LAUNCHES OILFIELD: 1.4 BLN BBL
Russia's No.2 oil producer Lukoil launched an oilfield in western Siberia ahead of schedule on Wednesday, a major step in its drive to prop up falling production and to weather U.S. sanctions over Ukraine.
2014, October, 8, 20:55:00
OCCIDENTAL SELL $3 BLN
Occidental Petroleum Corp, the fourth-largest U.S. oil and gas producer by market capitalization, is looking to sell its North Dakota oil assets for as much as $3 billion as the company seeks to focus on profitable regions, Bloomberg reported on Monday.
2014, October, 8, 20:40:00
IVORY COAST NEED MONEY
Ivory Coast will seek investors in its available offshore oil acreage, including seven new ultra-deep water blocks in the Gulf of Guinea, at a promotional event in Texas next week, a senior oil ministry official said on Tuesday.
2014, October, 8, 20:35:00
LARGE OIL OF SENEGAL
Shares in Cairn Energy rose 3.6 per cent on Tuesday after the Edinburgh-based oil explorer confirmed a large oil discovery off the coast of Senegal in west Africa.
2014, October, 7, 21:20:00
DESPITE WHITE HOUSE POLICIES
The president’s economic address at Northwestern University celebrated the results of America’s energy revolution but omitted key steps forward, according to API President and CEO Jack Gerard.
2014, October, 7, 21:00:00
KUWAIT CANSELS $1.4 BLN
Kuwait Petroleum International has cancelled a planned $1.4 billion investment in its 88,000 barrel per day (bpd) Rotterdam refinery and may sell it, a spokesman said, as Europe's refiners struggle with overcapacity and global competition.