News
2015, March, 25, 20:20:00
SINOPEC WOULD CUT
China’s Sinopec has become the latest oil major to cut its capital expenditure, after the slide in crude prices knocked nearly one-third from its 2014 profit.
2015, March, 25, 20:15:00
WOODSIDE CUTTING 300 JOBS
Australia-based Woodside Petroleum is reportedly cutting 300 jobs and freezing pay in response to low oil prices.
2015, March, 25, 20:10:00
UNDEFINITE PIPELINE
TAPI faces an uncertain future with the recent oil price fall, ambiguity regarding transit via Afghanistan and an increase in the estimated project cost.
2015, March, 25, 20:05:00
EU ENERGY MARKET
Before Donald Tusk became president of the European Council, the former Polish prime minister had already begun campaigning for a European energy union.
2015, March, 25, 20:00:00
BRENT OILFIELDS BUYING
Deals for North Sea oilfields — which have been held back by the plummeting price of Brent crude — could soon come back on stream, as a new tax cut helps to draw in private equity investors.
2015, March, 25, 19:55:00
WORLD NEEDS NEW OIL
European companies are increasing their focus on offshore projects, securing an increase of their financing facilities and forging joint ventures to reduce costs.
2015, March, 23, 19:05:00
U.S. WANT EUROPE
Russia is using natural gas as a political tool and the United States needs to know if it is “on the same page” with Turkey regarding Russia’s actions, a top U.S. energy envoy has said.
2015, March, 23, 19:00:00
OIL MAJORS RECORD DEBT
The world’s biggest energy groups have sold record amounts of debt this year, taking advantage of historically low interest rates to plug cash shortfalls with borrowing, after a 50 per cent plunge in oil prices.
2015, March, 23, 18:55:00
RUSSIA CAN USE CYPRUS
Companies within Russia’s energy industry should take advantage of Cyprus’ existing and potential opportunities relating to natural gas infrastructural projects, Energy Minister Giorgos Lakkotrypis said on Friday.
2015, March, 23, 18:50:00
TOTAL SEEKS FOR RUSSIA
Total SA is seeking the equivalent of up to $15 billion in Chinese financing to fund its expansion in Russia, its chief executive said, as U.S. sanctions complicate the French oil giant’s big bet there.
2015, March, 23, 18:45:00
BULGARIA: DOUBLE LOSING
The Bulgarian government finds itself in a position where it needs to secure long-term reliable natural gas supplies, after two successive failures in the past few years to get involved in major infrastructure projects, namely the Nabucco and the South Stream pipelines.
2015, March, 23, 18:40:00
U.S. RIGS DOWN 56
The US drilling rig count fell 56 units—41 of which targeted oil—to settle at 1,069 rigs working during the week ended Mar. 20, capping off the 15th consecutive week in declines, according to data from Baker Hughes Inc.
2015, March, 20, 19:10:00
OIL HUNTING
Private equity groups including Carlyle and Blackstone are to deploy billions of dollars in a hunt for acquisitions across the oil and gas industry, with a collapse in oil prices expected to lead to a wave of asset sales.
2015, March, 20, 19:00:00
TRUST IS CRUCIAL
Energy Minister Taner Yıldız claimed the allegation regarding the 10.25 percent discount agreement reached with Russian state-owned energy giant Gazprom was not real.
2015, March, 20, 18:50:00
RUSSIA & CHINA PIPELINE
Russia may postpone completion of a huge pipeline to bring gas from two new fields to China, three sources with direct knowledge of the plans of export firm Gazprom said, delaying one of President Vladimir Putin's signature projects.