News
2014, October, 14, 20:20:00
ROSNEFT HIRES ZAIWALLA
Russian oil giant OAO Rosneft is devising a legal strategy to fight Western sanctions in European courts, according to people familiar with the strategy—a tactic modeled on the so-far successful legal campaign waged by Iran’s Bank Mellat.
2014, October, 14, 20:15:00
GAZPROM DROPS 23%
OAO Gazprom said profit for the first half of the year fell by almost one-quarter as Ukraine's Naftogaz didn't pay for gas supplied by the Russian state-controlled gas group.
2014, October, 14, 20:10:00
STATOIL SELLS SHAH DENIZ: $2.25 BLN
Statoil ASA (STL), Norway’s biggest energy company, will sell its 15.5 percent stake in the Shah Deniz field in Azerbaijan to Malaysia’s Petroliam Nasional Bhd for $2.25 billion as it seeks to reduce investment and prioritize high-value projects.
2014, October, 14, 20:05:00
TANZANIA OFFSHORE GAS: 216 MB
Norwegian oil company Statoil ASA ( STO ) said Tuesday that with its partner ExxonMobil Corp. ( XOM ) it has discovered 1.2 trillion cubic feet of natural gas, or 216 million barrels of oil equivalent, in the Giligiliani-1 well offshore Tanzania, the joint venture's seventh discovery in the block 2 area.
2014, October, 14, 20:00:00
INEOS BUYS SCOTS
Petrochemical firm Ineos has bought a second licence for shale gas exploration and development in central Scotland.
2014, October, 12, 20:20:00
OPEC: OIL PRICE MOVEMENTS
The OPEC Reference Basket fell $4.77 to stand at $95.98/b in September, as sluggish demand and ample supply continue to weight on the oil market.
2014, October, 12, 20:15:00
OIL PRICE DROP HURTS OPEC
The continuing slump in global oil prices is punching holes in the budgets of oil-producing countries, including some OPEC members such as Iraq and Libya that are struggling with severe political and security problems.
2014, October, 12, 20:10:00
RUSSIANS KEEP CALM
With the rouble down 18 percent against the dollar this year and sanctions chipping away at economic ties with the West, ordinary Russians might be forgiven for rushing to put their money in a nice, "safe" foreign currency.
2014, October, 12, 20:05:00
ROSNEFT & MORGAN STANLEY: NO GUARANTEES
Morgan Stanley ’s deal to sell an oil trading business to Rosneft , the state-owned Russian oil group, is close to collapse amid the profound chill in relations between Russia and the US.
2014, October, 12, 20:00:00
ROSNEFT SEEKS LAWYERS: $28 MLN
Russia's top oil producer Rosneft has turned to UK-certified lawyers in its fight against Ukraine-related Western sanctions which have hit the company's output and prospects for its push to tap Arctic riches.
2014, October, 12, 19:55:00
GAZPROM: STOP LNG
Gazprom has said it could shelve its Vladivostok liquefied natural gas project as the Russian state-controlled energy giant focuses on supplying more gas to China by pipeline.
2014, October, 11, 20:50:00
OIL: STABLE REDUCTION
Crude oil prices stabilised Friday after dropping significantly this week.
2014, October, 11, 19:40:00
U.S. HAS GONE BUST
The share-price boom at U.S. energy firms has gone bust, due to slumping global growth and tumbling crude prices.
2014, October, 11, 19:35:00
OIL MAJORS RAN: $55 BLN
This year's fall in energy prices is hastening the decline of big oil, as the seven Western majors sell-off assets, cut investment, return money to shareholders and shrink in size, leaving ever more output to small producers and state firms.
2014, October, 11, 19:30:00
OIL PRICES DOWN
West Texas Intermediate extended its slump into a bear market amid speculation that rising global oil supplies will be more than enough to meet slowing demand. London’s Brent traded at the lowest price since December 2010.