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Finance

Finance
2019, May, 21, 15:10:00
SEVEN SOLAR PROJECTS $1.5 BLN
In line with plans to localise the production of renewable energy in Saudi Arabia as part of its Vision 2030 economic diversification push, seven photovoltaic solar power projects with a capacity of 1.52 GW and worth $1.51bn (SAR5.6bn) were launched on the side-lines of the recently concluded Saudi Elenex exhibition.
Finance
2019, May, 17, 07:40:00
U.S., CHINA TRADE WAR
“The U.S. and China have a natural supply-demand match when it comes to energy, but China’s increase of retaliatory tariffs to 25 percent poses a threat to U.S. investment in LNG by limiting our share in the world’s fastest growing LNG market,” said Stephen Comstock, API Director. “These retaliatory tariffs dampen the prospects for the growing U.S. LNG investment, hurt U.S. workers, and benefit America’s foreign competitors.
Finance
2019, May, 17, 07:05:00
U.S. INDUSTRIAL PRODUCTION DOWN 1.9%
Industrial production fell 0.5 percent in April, and the rates of change for previous months were revised down on net. Output is now reported to have declined 1.9 percent at an annual rate in the first quarter.
Finance
2019, May, 17, 07:00:00
UZBEKISTAN'S GDP UP 5%
In 2018, GDP growth picked up moderately to 5 percent as adverse weather impacted agriculture and bottlenecks in energy and water slowed economic growth, despite strong investment growth.
Finance
2019, May, 17, 06:55:00
PAKISTAN NEED HELP
Pakistan is facing a challenging economic environment, with lackluster growth, elevated inflation, high indebtedness, and a weak external position. This reflects the legacy of uneven and procyclical economic policies in recent years aiming to boost growth, but at the expense of rising vulnerabilities and lingering structural and institutional weaknesses.
Finance
2019, May, 15, 11:55:00
GLOBAL ENERGY INVESTMENT 2018: $1.8 TLN
Global energy investment totalled more than USD 1.8 trillion in 2018, a level similar to 2017. For the third year in a row, the power sector attracted more investment than the oil and gas industry.
Finance
2019, May, 15, 11:10:00
ROSNEFT'S NET INCOME +61.7%
ROSNEFT - Net income growth of 61.7% YoY to RUB 131 bln
Finance
2019, May, 13, 12:35:00
U.S. OIL PROFITABILITY $28 BLN
Net income for 43 U.S. oil producers totaled $28 billion in 2018, a five-year high. Based on net income, 2018 was the most profitable year for these U.S. oil producers since 2013, despite crude oil prices that were lower in 2018 than in 2013 on an annual average basis.
Finance
2019, May, 13, 12:15:00
U.S. TRADE DEFICIT UPDOWN
Year-to-date, the goods and services deficit decreased $5.8 billion, or 3.7 percent, from the same period in 2018. Exports increased $14.0 billion or 2.3 percent. Imports increased $8.2 billion or 1.1 percent.
Finance
2019, May, 13, 11:55:00
OCCIDENTAL, ANADARKO DEAL: $57 BLN
Occidental ("Occidental" or "the Company") (NYSE: OXY) ) today entered into a definitive agreement whereby Occidental will acquire Anadarko Petroleum Corporation ("Anadarko") (NYSE: APC) for $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock, in a transaction valued at $57 billion, including the assumption of Anadarko's debt.
Finance
2019, May, 13, 11:50:00
CHEVRON, ANADARKO: NO COUNTERPROPOSAL
Chevron Corporation (NYSE: CVX) announced that, under the terms of its previously announced Merger Agreement with Anadarko Petroleum Corporation (NYSE: APC), it will not make a counterproposal and will allow the four-day match period to expire. Accordingly, Chevron anticipates that Anadarko will terminate the Merger Agreement.
Finance
2019, May, 13, 11:45:00
WEATHERFORD'S BANKRUPTCY
Oilfield services provider Weatherford International Plc, burdened by a heavy debt load and years of losses, said on Friday it would file for Chapter 11 bankruptcy protection.
Finance
2019, May, 8, 11:35:00
6 UNDERVALUED ENERGY STOCKS
Investors with a long-term horizons could give a look to Energy Industry. According a Value Line Report on Petroleum Industry, Oil Price above $50 a barrel provide some assurance that existing dividend will be maintained.
Finance
2019, May, 8, 11:30:00
EXXON, PETROCHINA IN IRAQ: $53 BLN
Iraq is close to signing a $53 billion, 30-year energy agreement with Exxon Mobil and PetroChina,
Finance
2019, May, 8, 11:20:00
OCCIDENTAL SALES $8.8 BLN
Occidental Petroleum Corp agreed to sell Anadarko's Algeria, Ghana, Mozambique and South Africa assets to Total SA for $8.8 billion.