Latest news
Statoil stops Aasgard A output because of bad weather
Norwegian oil and gas corporation Statoil halts production at its Aasgard A field in the Norwegian Sea because of bad weather and anticipates production to recommence on Sunday, as stated by spokesperson Morten Eek on Thursday.
read more... 26/09/2014
Asian companies to substitute Western energy majors if they quit
Asian firms will substitute Western majors if they leave energy projects in Russia because of sanctions over Moscow's role in Ukraine, as stated by Natural Resources Minister Sergei Donskoi.
read more... 23/09/2014
Siemens: $7.6 billion agreement to purchase Dresser-Rand
Industrial company Siemens AG declared on Monday it would purchase U.S. oilfield equipment producer Dresser-Rand Group Inc for $7.6 billion aiming to considerably increase the German firm's oil and gas operations in North America.
read more... 22/09/2014
Shell revitalizes its plan to vend European LPG business
Anglo-Dutch oil conglomerate Royal Dutch Shell has chosen Credit Suisse to counsel on the vending of its European liquefied petroleum gas (LPG) business, as stated in the Financial Times on Friday, quoting four people familiar with the decision.
read more... 15/09/2014
IEA slashes oil demand forecast for 2014-2015
Worldwide demand for oil was expected to escalate by 1.3 million barrels per day in 2015, a 30 percent increase as the economy improves in 2015, the Paris-based IEA said.
read more... 13/08/2014