Regions
2014, October, 2, 20:00:00
EXXON FINDING IN RUSSIA
At another time or in a different place, the oil and gas field ExxonMobil has discovered in the Russian Arctic would have been a cause for jubilation at its Texas headquarters.
2014, October, 2, 19:55:00
NEW OIL BABY: $525 MLN
In the wake of an energy overhaul that ends Mexico's state oil monopoly, a new exploration and production company was born with the name Sierra Oil & Gas, which Chief Executive Ivan Sandrea says already has a wealth of global expertise.
2014, October, 2, 19:50:00
NORWEGIAN ENERGY COMPANY DOWN
Shares in Norwegian Energy Company ASA (NOR. OS) plunged over 70% Wednesday and the oil firms chairman resigned after it warned that it could face problems in meeting its financial commitments.
2014, October, 2, 19:45:00
GE WILL WORKING IN RUSSIA
U.S. energy company GE will continue working in Sakhalin despite Western sanctions on Russia, the company's vice chairman John Rice told Interfax Monday.
2014, October, 2, 19:40:00
AKER SOLUTIONS HAS BEEN SPLIT
Aker Solutions started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets.
2014, October, 2, 19:30:00
ASIA: OIL CHOICE
Asia is getting a greater choice of crude from Alaska North Slope to Venezuela’s Carabobo and Iraqi Basrah Light as the U.S. shale boom cuts American demand for overseas oil.
2014, September, 30, 20:55:00
US BECOMES LARGEST
The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector.
2014, September, 30, 20:52:00
RUSSIA SANCTIONS: NO BAR
The most powerful man in Russia’s oil industry says U.S. sanctions won’t prevent the development of discoveries in the Arctic Ocean.
2014, September, 30, 20:49:00
EU & RUSSIA ENERGY PARTNERSHIP
German Chancellor Angela Merkel said on Monday there were good reasons to continue the European Union's energy partnership with Russia for the time being but that might change if Moscow continues to violate basic principles.
2014, September, 30, 20:46:00
RUSSIAN OIL ARE SECURE
Hungarian oil group MOL is reasonably confident that its crude supplies from Russia will not be disrupted by the Ukraine conflict because its Russian partners are reputable companies, the head of its downstream business said.
2014, September, 30, 20:43:00
OIL PRICES & GLOBAL ECONOMY
Oil is in the midst of one of its steepest selloffs since the financial crisis, with prices falling 16 percent since mid-June. This has the Saudis contemplating even deeper cuts in oil production to keep prices from declining any further.
2014, September, 30, 20:40:00
ROSNEFT IS ENOUGH FOR $27 BLN
The head of OAO Rosneft (ROSN) said maintaining dividends is a “sacred obligation” for Russia’s largest oil company as sanctions limit its financial flexibility.
2014, September, 30, 20:37:00
LNG MARKET RISING
LNG investments could soon increase as the fuel could soon benefit from a rising demand for gas from the transport sector.
2014, September, 30, 20:34:00
BRENT IS DOWN 13%
There was a time when headlines about jets bombing Middle Eastern refineries would have sent oil prices soaring.
2014, September, 30, 20:31:00
OIL PRICES
West Texas Intermediate crude fell from the highest price in seven days as concern eased over the risk of a supply disruption in the Middle East. Brent declined in London.