News
2014, September, 26, 22:50:00
RUSSIA SANCTIONS: POSSIBILITY DESPITE
After Exxon Mobil Corp. mounted a campaign to warn U.S. officials that prematurely halting work with Russian oil giant Rosneft on an exploratory oil well could foul the Arctic, the Obama administration last week gave the company a two-week reprieve from sanctions on Russia.
2014, September, 26, 22:45:00
QATAR: RESPONSIBLE SUPPLIER
Qatar has no plans to pitch in as an alternative supplier as Europe seeks to reduce its reliance on Russian gas according to the country's energy minister, AFP has reported.
2014, September, 26, 22:35:00
PRICES: OIL FUTURES STABLE
Crude-oil futures moved in a narrow price range in Asian hours Friday with market participants suggesting that the weak oil prices appear to have largely stabilized.
2014, September, 26, 22:30:00
GREENLAND ISN’T FOR THE FANT-HEARTED
Greenland is moving deliberately, but resolutely, in preparing to develop its oil and gas and other mineral resources, its premier said at the Brookings Institution.
2014, September, 26, 22:25:00
PETRONAS CLOSES CANADA: $10 BLN
Petronas, Malaysia’s state-owned oil and gas group, is threatening to pull the plug on a $10bn liquefied natural gas project in Canada, saying new taxes and rising competition from a slew of US shale gas projects threaten its viability.
2014, September, 25, 21:30:00
CHINA COULD SHAPE
China, not Russia, could shape Asia’s energy future,
2014, September, 25, 21:25:00
RUSSIA SANCTIONS: WON'T HURT
Russia says sanctions won't hurt rise in China oil exports
2014, September, 25, 21:20:00
UAE: OPEC OIL TARGET
The United Arab Emirates is in no hurry to see OPEC cut its oil output target this year despite the sharp drop of global crude prices in the last few months, senior UAE energy officials indicated on Tuesday.
2014, September, 25, 21:15:00
RUSSIA OPTIMISM
Moscow auctioned off its first successful debt sale in more than two months on Sept. 24 after cancelling a string of bond auctions because of the sour investment climate that continues to surround Russia.
2014, September, 25, 21:10:00
GAZPROM STRENGTHEN LEADERSHIP
Gazprom Tries to Capitalise on Western Sanctions, Strengthen LNG Leadership
2014, September, 25, 21:00:00
OIL PRICES DECLINE
$100/barrel level since September 5, falling to $94.13/barrel this afternoon, the lowest level in more than two years. Prices have declined almost $21 (18%) from the 2014 daily peak of $115/barrel on June 19
2014, September, 25, 20:55:00
EIA: OIL $150/BARREL
Crude oil would cost at least $150 a barrel due to supply disruptions in the Middle East and North Africa were it not for rising production in North Dakota and Texas
2014, September, 25, 20:50:00
R&D UNDER THREAT
Some analysts and investors worry that oil companies will not spend enough either to sustain growth in their core businesses, or to open options in alternative energy sources for a world in which oil and gas consumption is constrained by climate policy or high prices.
2014, September, 25, 20:45:00
BP LOSES COMPENSATION $7.8 BLN
BP ’s attempts to reclaim what it describes as excessive compensation payments for the 2010 Deepwater Horizon disaster have been rejected by a US court, in a further setback to the company’s hopes of limiting the cost of the accident.