Companies
2015, July, 9, 19:15:00
ROSNEFT & ESSAR SUPPLIES
Rosneft Chairman of the Management Board and Essar Group Founder Shashi Ruia signed a long-term contract for oil supplies for the purpose of refining at the Vadinar refinery (India).
2015, July, 9, 19:05:00
TECHNIP WILL REDUCE 6,000
Technip will reduce its global workforce by 6,000 employees and accelerate cost reduction and efficiency in “anticipation of an even more challenging environment in oil and gas.”
2015, July, 8, 19:20:00
NORD STREAM II
Running from Russia to Germany under the Baltic Sea, Nord Stream I is an export gas pipeline with an annual capacity of 55 billion cubic meters. Nord Stream AG is the project operator (Gazprom holds 51 per cent, Wintershall and E.ON – 15.5 per cent and ENGIE – 9 per cent).
2015, July, 8, 19:15:00
ROSNEFT & EGYPT DELIVERIES
The implementation of the terms of the signed document will allow Rosneft to access the high growth potential Egyptian gas market and deepen broader cooperation between the two companies. In addition the cooperation with EGAS will allow Rosneft to strengthen its position in the global LNG trading market.
2015, July, 7, 19:30:00
CHINA'S OIL PRODUCTION UP
China's crude oil output looks set to rise this year from a record in 2014 as new production from third largest producer CNOOC helps to counter reductions from its two bigger rivals.
2015, July, 7, 19:25:00
RUSSIA VS US: BATTLE
The economic battle that is currently taking shape will have global ramifications for many years to come. Energy is certainly playing a major role in this economic battle, with Moscow seeking to counteract the desire of Washington and Brussels to divide Russia from Europe. The Russian government unquestionably has massive power owing to the amount of energy exportation that it is involved in, and a lack of cooperation in this regard would certainly be damaging to numerous Western companies and countries alike.
2015, July, 7, 19:20:00
RUSSIAN GAS KEY
Europe could take advantage of global LNG dynamics, but much of the evolution of the European LNG market depends on Gazprom’s decisions in the short to medium term,
2015, July, 7, 19:15:00
RUSSIAN - TURKISH STREAM
After the cancellation of the South Stream natural gas pipeline last December due to the EU’s blockage of the project, Russia announced an alternative project called the Turkish Stream which will hit the shore on the European side of Turkey near Kıyıköy.
2015, July, 7, 19:00:00
ROSNEFT IN BRAZIL
Rosneft Brasil (Rosneft subsidiary) and PetroRio received approval by the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) for the Rosneft Brasil transaction to acquire additional 55% in the Solimoes project. Under the agreement the final completion date of the purchase and transaction shall be agreed between PetroRio and Rosneft Brasil and is expect to occur within 30 days.
2015, July, 3, 18:00:00
THE NEW NORWAY'S RESERVES
The Norwegian government confirmed Wednesday oil and gas reserves were discovered in a North Sea area not known previously to contain hydrocarbons.
2015, July, 3, 17:55:00
SHANGHAI OIL & GAS EXCHANGE
The exchange in Shanghai has registered capital of 1 billion yuan and 10 shareholders. State-run Xinhua News Agency has the largest stake – at 33 percent – followed by the country's Big Three oil and gas producers. China National Petroleum Corp. (CNPC), China Petrochemical Corp. Group and China National Offshore Oil Corp. each own 10 percent.
2015, July, 3, 17:50:00
BP WILL PAY $18.7 BLN
BP Plc reached a $18.7 billion settlement to end five years of litigation following the 2010 Gulf of Mexico oil spill. It is the largest settlement with a single entity in U.S. history, the U.S. Department of Justice said.
2015, July, 1, 19:05:00
PETROBRAS 37% DOWN
Brazil’s Petrobras will cut its spending by 37 percent through the next four years in an effort to tame its enormous $110 billion debt.
2015, July, 1, 19:00:00
STATOIL STARTED UP THE MACHINE
“The steel jacket will also be one of the most complex ever built by the industry. Not only will we route the land-based power through the jacket, we’ll also be controlling the subsea water injection and exporting the field’s oil and gas from it,”
2015, July, 1, 18:55:00
BP FULL LIABILITY $13.7 BLN
The U.S. Supreme Court refused to hear an appeal from oil majors BP and Anadarko Petroleum leaving intact a lower court ruling that makes the firms potentially liable for billions of dollars in fines for the disastrous oil spill in the Gulf of Mexico in 2010.