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2014-08-01 18:35:00

UNFORTUNATE RUSSIAN SANCTIONS

UNFORTUNATE RUSSIAN SANCTIONS

Sanctions on the oil sector in Russia are "unfortunate" as there are big opportunities for western companies in the development of the Arctic, according to the world's largest offshore drilling group, which this week signed a $4.25bn contract with Rosneft .

North Atlantic Drilling signed contracts with Rosneft, the Russian state oil group with close ties to president Vladimir Putin, for the use of six offshore drilling rigs up to 2022 worth $4.25bn "exclusive of mobilisation".

Rune Magnus Lundetrae, chief financial officer of SeaDrill , the parent company of North Atlantic, told the Financial Times on Thursday:…

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Tags: SANCTIONS, RUSSIA, EU, NORWAY, SEADRILL, ROSNEFT, DRILLING, RIG,

Chronicle:

UNFORTUNATE RUSSIAN SANCTIONS
2019, April, 19, 09:15:00

S.KOREA RENEWABLE ENERGY

South Korea's economy has been pushing to shed its heavy reliance on coal and nuclear power, with the latest target coming on top of a 2017 plan to increase the amount of renewables in its energy mix to 20 percent by 2030.

UNFORTUNATE RUSSIAN SANCTIONS
2019, April, 19, 09:10:00

UAE GDP WILL UP 4.7%

The International Monetary Fund (IMF), has forecast the UAE’s nominal Gross Domestic Product (GDP) to grow 4.7 percent to AED1.673 trillion in 2019, compared to AED1.589 trillion a year ago.

UNFORTUNATE RUSSIAN SANCTIONS
2019, April, 19, 09:05:00

U.S. TRADE DEFICIT $49.4 BLN

the goods and services deficit was $49.4 billion in February, down $1.8 billion from $51.1 billion in January,

UNFORTUNATE RUSSIAN SANCTIONS
2019, April, 19, 09:00:00

U.S. RIGS DOWN 10 TO 1,012

BHGE - U.S. Rig Count is down 10 rigs from last week to 1,012, with oil rigs down 8 to 825, gas rigs down 2 to 187, and miscellaneous rigs unchanged at 0. Canada Rig Count unchanged from last week at 66, with oil rigs up 1 to 19 and gas rigs down 1 to 47.

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