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Russia might vend Rosneft stake to India, China
Russian government might vend 19.5 percent stake in Rosneft to India and China, as stated in a report by Bloomberg.
read more... 21/06/2016
Spain’s Repsol deals with $5.5 billion claim from Chinese company
Spanish oil company Repsol has announced it deals with a $5.5 billion (£3.74bn) arbitration claim from a Chinese state-controlled firm.
read more... 21/06/2016
Daily: Crude oil hikes 3 percent as Brexit fears ease
Crude oil prices rallied 3 percent on Monday, increasing for a second consecutive day, after an opinion poll showing lower possibility of Britain to exit the European Union, while U.S. gasoline hiked 5 percent in anticipation of peak summer spurring demand. Brent contract for August delivery rose $1.48, or 3 percent, to settle at $50.65 a barrel. U.S. crude's West Texas Intermediate (WTI) futures climbed $1.39, or 2.9 percent, to close at $49.37 a barrel for the July front-month. The WTI contract for August delivery, the new front-month contract from Wednesday, rose by 3 percent to end at $49.96.
read more... 21/06/2016
BP authorizes investment in Egypt gas field 15 months after finding
British oil major BP has authorized investment in the first phase of expanding the huge Atoll gas field offshore Egypt, only 15 months after it first announced its discovery.
read more... 20/06/2016
Scotland offers £1.5 million for offshore wind
The Scottish Government has offered £1.5 million of backing to offshore wind farm companies.
read more... 20/06/2016