Latest news
Statoil sets $2.77 billion in maintenance deals in Norway
Norway’s Statoil unveiled on Tuesday that it awarded maintenance and modification contracts worth $2.77 billion (NOK24bn) for its offshore and onshore oil and gas facilities in Norway. The company said that the new compensation system is aimed to save on oilfield services and to encourage continuous improvement and higher productivity.
read more... 17/12/2015
Daily: Crude oil prices continue to fall on stockpiles hike to record
Crude oil prices plunged to fresh multiyear lows on Wednesday as U.S. commercial crude and refined-product stockpiles soared to a record. WTI crude for January delivery eased $1.83, or 4.9%, to settle $35.52 a barrel on the New York Mercantile Exchange, the lowest level since February 2009. Brent, the global benchmark, declined $1.26, or 3.3%, to close $37.19 a barrel on ICE Futures Europe, the weakest level since December 2008. Both benchmarks lost more than 30% this year.
read more... 17/12/2015
Centrica to cease the operations at Killingholme gas-fired power plant in UK
Killingholme gas-fired power plant in UK, operated by Centrica, is scheduled to cease its activities on March 1.
read more... 16/12/2015
Moody’s unveils sharp cut in oil price assumptions
Moody’s sharply curbed its oil price for 2016 by $10 a barrel due to continued oversupply, which may be spurred by the lifting of sanctions against Iran.
read more... 16/12/2015
German BASF to invest $6bln in Iran’s petrochemical industry
The world’s largest chemical company, Germany’s BASF, is envisaging investing $6 billion in Iran’s petrochemical sector, according to director of planning at the National Petrochemical Company (NPC) Hamid Reza Rostam.
read more... 16/12/2015