The secretary-general of the Organization of the Petroleum Exporting Countries (OPEC) said on Sunday the price of oil had fallen further than market fundamentals would have dictated.Speaking at an event in Dubai, Abdullah al-Badri added…
China is expected to sign 30 cooperative agreements worth $10 billion with Kazakhstan as Premier Li Keqiang begins his first official visit to the country, the official Xinhua news agency said on Sunday.Xinhua did not give details, but…
German wind turbine maker Nordex is mulling paying a dividend for the first time since listing on the stock exchange as part of efforts to create a long-term investor base, its chief financial officer told a German newspaper.'We will…
Czech power utility CEZ will wind down operations of its coal-burning plant in Bulgaria on Jan. 1, after it failed to get an exemption from European Union environmental rules, the company said on Saturday.CEZ had hoped Brussels may allow…
Russia will take counter measures if Washington imposes new sanctions on Moscow over the Ukraine crisis, Russia's Deputy Foreign Minister Sergei Ryabkov said on Saturday.The U.S. Congress has readied new sanctions on Russian weapons companies…
North Dakota's strict new standards for oil treatment, requiring every barrel of crude be filtered for dangerous types of natural gas, should add 10 cents to the cost of producing every barrel, regulators said on Friday.That's roughly $3…
Brazil's state-run oil company Petroleo Brasileiro SA said it delayed the release of its third-quarter financial results for a second time on Friday as a result of new developments in a widening corruption probe.Prosecutors on Thursday…
The Gazprom Management Committee addressed the Company's large-scale efforts aimed at implementing the Eastern Gas Program.It was noted that the gas industry growth in Russia's East was strategically important for the socioeconomic development of eastern regions…
Petrobras clarifies that it has been decided not to publish the financial statements for the third quarter of 2014 not reviewed by the independent auditors in view of the new incidents, after the day November 13, 2014, relating, directly or indirectly…
Leighton Holdings today announced it had entered a binding agreement for the sale of John Holland to CCCC International Holding Limited (CCCI).CCCI is a wholly-owned subsidiary of China Communications Construction Company (CCCC), the…
Pete Hughes has been appointed by Bibby Offshore as Interim Managing Director, Asia Pacific, effective immediately. Hughes currently serves as the company’s Strategic Delivery Director and takes over the role from Darren Morgan who has left to pursue opportunities outside the group…
Saudi Aramco Mobil Refinery Company Limited (SAMREF), a joint venture of Saudi Aramco and ExxonMobil, has completed construction of major desulfurization facilities, including a new hydrotreater, that dramatically cuts sulfur levels in gasoline and diesel…
UniSource Energy Services (UES), an indirect, wholly owned subsidiary of Fortis Inc., has strengthened its generating portfolio and reduced its reliance on the wholesale energy market through the purchase of a share of the efficient natural gas-fired Gila River Power Station in Gila Bend…
• Public Offer of 53,763,000 Units approximately 9.6 times subscribed, valid applications amount to approximately S$478.7 million• Largest REIT IPO in Singapore year-to-date with S$512.9 million raised• Commencement of trading of Keppel DC REIT on the Main Board of the SGX-ST at 2…
U.S. lawmakers gave a preview on Thursday of a looming fight next year on lifting the ban on crude exports with supporters saying it would sustain the drilling boom and others questioning its impacts on industry and fuel prices. In a House of Representatives hearing on the ban…
