News
2015, March, 20, 18:35:00
EU & TURKEY AGREE
As the West tightened its grip on Russia with sanctions, particularly in energy, following the annexation of Crimea last year, the European Union is trying to expand its cooperation to counter Russia's dominant position in energy sector.
2015, March, 20, 18:25:00
INDIA OIL RESERVES
Taking advantage of lower oil prices, India will next month begin filling up its maiden strategic oil reserves to insulate itself from supply disruptions.
2015, March, 20, 18:20:00
INDONESIA’S SHORTFALL: $21 BLN
Indonesia's 2015 revenue target is "really unrealistic" and there will be a large budget shortfall that could force the government to cut spending, a World Bank economist said on Wednesday.
2015, March, 20, 18:15:00
IRAN LAUNCHES 12
Iran has launched the main phase of the offshore South Pars gas field. President Hassan Rouhani, who attended the ceremony for the Phase 12, said that it is the country’s biggest gas industry project.
2015, March, 20, 18:10:00
SAUDI WILL INCREASE
Saudi Aramco will increase its spending on research and development in 2015, despite the falling price of oil.
2015, March, 20, 18:05:00
TALISMAN CUTS 15%
Talisman Energy Inc., the Canadian energy firm being taken over by Spain’s Respol SA, has joined an expanding list of oil-and-gas producers who are cutting jobs and shaving capital budgets as oil prices continue to slump.
2015, March, 20, 18:00:00
PETRONAS PLANS TO USE $5 BLN
Malaysia's Petroliam Nasional Bhd (Petronas) plans to use the $5 billion it raised in Asia's largest bond offering so far this year for corporate expenses as well as possible acquisitions, the company said.
2015, March, 20, 17:55:00
STATOIL MAKES GAS
Norwegian energy firm Statoil has made a gas discovery near the Aasta Hansteen field in the northern part of the Norwegian Sea, the company said on Tuesday.
2015, March, 20, 17:50:00
EXXON ASKS RUSSIA
U.S. oil and gas major ExxonMobil has asked the Russian government to reimburse taxes worth "several billion roubles" it says it overpaid on a project in the far east of Russia.
2015, March, 20, 17:45:00
STATOIL WILL DRILL FOR RUSSIA
Statoil ASA plans to drill four wells in Russia with state oil company OAO Rosneft, targeting heavy oil fields, showing Norway’s biggest energy producer is deepening its involvement in the country against the backdrop of international sanctions.
2015, March, 18, 21:10:00
OIL DEMAND GROWTH
Steady climb in global demand growth prompts slight upward revision of 2015 forecast.
2015, March, 18, 21:05:00
WIDE RANGE OF JOBS
Removing U.S. oil ban would create jobs beyond drilling
2015, March, 18, 21:00:00
U.S. RIGS DOWN 67
The US drilling rig count plunged 67 units—64 on land and 56 targeting oil—to settle at 1,125 rigs working during the week ended Mar. 13, according to data from Baker Hughes Inc.
2015, March, 18, 20:55:00
NEXEN CUTS 400 JOBS
Nexen Energy ULC, a wholly owned subsidiary of CNOOC Ltd., has reported organizational changes that will result in the reduction of 340 jobs in North America and 60 jobs in the UK, spurred by the decline in crude oil prices.
2015, March, 18, 20:50:00
LUKOIL CAME TO CAMEROON
LUKOIL closed a transaction to enter a project to develop the Etinde block offshore the Republic of Cameroon in the Gulf of Guinea (West Africa).
