Crude oil prices declined more than 1 percent on Thursday as worries about U.S. hurricane faded, reducing an early hike that was intensified by concerns of storm damage to U.S. East Coast oil installations. Brent, the global benchmark for crude, declined 68 cents, or 1.4 percent, to trade at $47.69 a barrel, after hitting a one-week high at $49.84. The WTI lost 35 cents, or 0.8 percent, to settle at $44.74, it rose more than $2 or 4 percent at its session peak.
read more... 02/10/2015
The Russian Government has made known about its plan to defer its drilling operations on the Arctic Shelf for about three years.
read more... 02/10/2015
German manufacturer EEW has obtained an order from Belgium developer Nobelwind to produce 51 monopiles at the Belwind 2 offshore wind farm in the North Sea.
read more... 02/10/2015
First Utility and Royal Dutch Shell will create a new venture in Germany vending gas and electricity to households under Shell’s branding.
read more... 01/10/2015
The last piece of Statoil's 482.4-km long Polarled Pipeline was put in place at the Aasta Hansteen field at a depth of 1,260 metres in the Norwegian Sea.
read more... 01/10/2015