News
2015, January, 31, 14:55:00
GE & STATOIL COLLABORATION
GE and Statoil have now announced a new collaboration to accelerate the development of more environmentally and economically sustainable energy solutions to help fuel the future.
2015, January, 31, 14:50:00
TURKEY STREAM PROMISING
Negotiations with Russia about natural gas prices and new gas pipeline route through Turkey's Thrace region look promising, Turkish energy minister says.
2015, January, 31, 14:40:00
NORD STREAM ON HOLD
Gazprom has put an expansion of its Nord Stream gas pipeline on hold, rowing back for the second time in two months on plans to extend its European network as relations between Russia and the West fester over Ukraine.
2015, January, 27, 20:55:00
OIL: LOWER LONGER
Oil prices will stay lower for longer after more than halving since June, Goldman Sachs' (GS.N) chief commodity analyst said, arguing in his latest research note that demand growth in China and other emerging economies is set to slow.
2015, January, 27, 20:50:00
OIL PRICE: $200
OPEC’s secretary-general said oil prices as high as $200 a barrel are possible if producers fail to invest in new supply.
2015, January, 27, 20:45:00
RUSSIA & TURKEY: GAS 2017
Russia's Gazprom plans to supply the first gas via a new route to Turkey in December 2016, Chief Executive Alexei Miller said in a statement on Tuesday.
2015, January, 27, 20:40:00
SAUDI'S OIL FALLING
As the world’s oil producers wring their hands over a global glut that’s pushing down prices, evidence is mounting that Saudi Arabia is more concerned about shrinking demand.
2015, January, 27, 20:35:00
SAUDI WON'T BALANCE
Saudi Arabia won’t balance global crude markets on its own even as prices fall “too low for everybody” and threaten the investment needed to meet long-term demand, the head of Saudi Arabian Oil Co. said.
2015, January, 27, 20:30:00
ETP & REGENCY: $18 BLN
Energy Transfer Partners LP (ETP) and Regency Energy Partners have agreed to merge in a unit-for-unit transaction, plus a one-time cash payment to Regency unit holders, valued at $18 billion, including the assumption of net debt and other liabilities of $6.8 billion.
2015, January, 25, 17:35:00
OIL: CURRENCY DEPRECIATION
Currency depreciation against the dollar affects oil importers and exporters differently
2015, January, 25, 17:30:00
MAJORS CUTS $28 BLN
The world’s biggest energy companies are preparing to cut tens of billions of dollars from capital spending as they set out plans this week to respond to the drastic slide in oil prices.
2015, January, 25, 17:25:00
U.S. OIL ROSE
Total U.S. petroleum deliveries (a measure of demand) rose last month by 5.1 percent from December 2013 to average nearly 20.0 million barrels per day. For the fourth quarter, total domestic petroleum deliveries gained 2.9 percent compared to the same period in 2013.
2015, January, 25, 17:20:00
U.S. RIGS FALLS
The US drilling rig count fell 43 units to settle at 1,633 rigs working during the week ended Jan. 23, Baker Hughes Inc. reported.
2015, January, 25, 17:15:00
OPEC WILL CUT
Iran's oil minister is expressing hope that the OPEC oil cartel will begin cutting production in order to shore up plunging oil prices.
2015, January, 25, 17:10:00
PETROBRAS CUTS EMISSIONS
An unparalleled technology to cut greenhouse gas emissions through carbon dioxide capture is being developed on a demonstration scale at Petrobras’ Shale Industrialization Facility (known as SIX) in Paraná, in partnership with the company’s Cenpes research center.