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Companies

Companies
2016, May, 19, 19:40:00
ROSNEFT AND PETROVIETNAM COLLABORATION
The agreement provides for the expansion of cooperation between the parties in Russia, Vietnam and third countries in the area of hydrocarbon exploration and production (including offshore), processing, commerce and logistics, as well as staff training. The parties agreed to consider potential options for joint projects and define the basic terms of cooperation as well as establish a working group for each of the areas of cooperation.
Companies
2016, May, 19, 19:35:00
GAZPROM AND PETROVIETNAM COLLABORATION
The parties plan to examine further opportunities for mutually beneficial cooperation in the field of hydrocarbon prospecting, exploration and development. Among the opportunities being considered are joint activities within new projects at licensed blocks on the shelf of Vietnam and in third countries.
Companies
2016, May, 16, 20:35:00
MAJORS INVESTMENTS
“Markets fluctuate, but we know that science does not. You have to be patient. The cycle from discovery to deployment can take decades.”
Companies
2016, May, 15, 10:45:00
GAZPROM INCREASES RELIABILITY
In light of the increasing demand for Russian energy products in Europe, the meeting participants stressed the importance of the Nord Stream 2 project. It was noted that the new gas transmission pipeline would not only improve the reliability of gas deliveries but also facilitate the development of the European gas market.
Companies
2016, May, 12, 20:35:00
CHINA INCREASES EFFICIENCY
Reform of sprawling state-owned enterprises (SOEs) to improve efficiency is a priority for China's leaders as growth slows in the world's second biggest economy, and was a key plank of the country's latest five-year plan agreed in 2015.
Companies
2016, May, 12, 20:05:00
SHELL LOWERS NIGERIA
Nigeria's oil output fell close to a 22-year low this month due to attacks on oil pipelines in the southern Niger Delta, home to much of the country's oil and gas wealth, compounding the impact of low oil prices on Africa's largest economy.
Companies
2016, May, 12, 20:00:00
TESCO NET LOSS $56.8 MLN
Tesco Corporation Reports First Quarter 2016 Results: - Revenues declined to $35.5 million as a result of challenging market conditions - Cash increased $2.4 million during the quarter, ending at $53.9 million with no debt - Adjusted EBITDA was $(7.8) million, or (22)% of revenue - Reported diluted EPS was a loss of $1.45 and adjusted EPS was a loss of $0.46, after $0.99 in charges - Restructuring programs since Q4 2014 expected to yield $60 million of annualized savings
Companies
2016, May, 10, 18:25:00
SAUDI WANT MORE
Saudi Arabia, the world’s biggest oil exporter, plans “significant growth” in output in 2016 and further international expansion, the head of the country’s state-run producer said, even as global oversupply contributed to a drop in crude prices from a year ago.
Companies
2016, May, 10, 18:15:00
MAJORS RELINQUISHED $2.5 BLN
The pullout comes as crude oil prices have plummeted to less than half their June 2014 levels, forcing oil companies to slash spending. For Shell and ConocoPhillips, the decision to abandon Arctic acreage was formalized just before a May 1 due date to pay the U.S. government millions of dollars in rent to keep holdings in the Chukchi Sea north of Alaska.
Companies
2016, May, 10, 18:00:00
SHAH DENIZ $1.5 BLN
BP PLC, on behalf of the Shah Deniz consortium, has let a $1.5-billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2 offshore Azerbaijan to the BOS Shelf LLC, Saipem Contracting Netherlands BV, and Star Gulf FZCO consortium.
Companies
2016, May, 9, 19:30:00
ROSNEFT LNG FOR EGYPT
Rosneft Trading SA, a company of Rosneft Group, delivered its first LNG shipment as part of its contract with Egyptian Natural Gas Holding Company. The delivery of the cargo was made by the GOLAR ICE tanker to the Ain Sukhna port within the Master LNG Supply and Purchase Agreement signed in August 2015.
Companies
2016, May, 9, 19:25:00
CHINESE $12 BLN FOR RUSSIA
On Friday, however, Export-Import Bank of China and China Development Bank signed two 15-year loans, for €9.34bn ($10.7bn) and Rmb9.76bn ($1.5bn) on Friday, according to regulatory statements from Yamal LNG.
Companies
2016, May, 9, 19:20:00
THE NEXT ENERGY WAR
If this price drop does happen, then Norway will be caught in the crossfire, as its production is more expensive than Gazprom's. Further, Gazprom has already developed the giant Bovanenkovo field in the Yamal Peninsula, where output has been curtailed as export markets and Gazprom's own domestic demand have have not required the additional gas. This means it is in a position to bring more cheap gas to market at little additional cost beyond transport. For Norway, however, adding more production capacity entails more capital expenditure.
Companies
2016, May, 9, 19:15:00
SAUDI PRICES UP
Saudi Arabia, the world’s largest crude exporter, has raised June oil prices to Asia by the most in 14 months, in a hopeful sign that demand from the region is on the up.
Companies
2016, May, 5, 19:10:00
U.S. BANKRUPTCY UP
The rout in crude prices is snowballing into one of the biggest avalanches in the history of corporate America, with 59 oil and gas companies now bankrupt after this week's filings for creditor protection by Midstates Petroleum MPOY.PK and Ultra Petroleum UPL.NL.