Putin warns of 'consequences' of Ukrainian army actionsBrent crude futures rose by more than a dollar a barrel on Thursday as mutual accusations of aggression by Ukraine and Russia raised concerns over future oil supplies, while strong U…
Former energy minister Marcelo Tokman will take over as head of Chilean state oil firm Empresa Nacional del Petroleo (ENAP) from May, the country's energy ministry said on Monday.Tokman, who has a doctorate in economics from the University of California…
Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions imposed on the country after its annexation of Ukraine's Crimea region. Shell…
Owner Operator standardizes on AVEVA Engineering & Design Solutions for increased efficiency on all new projects.AVEVA announced that TOTAL E&P Nigeria Ltd (TEPNG) has adopted AVEVA’s Engineering & Design solutions as part of an Integrated Engineering & Design approach…
Rising Ukraine tensions heighten fears over Russian supply New U.S. unemployment claimants near 6-1/2 year low Brent crude oil was steady below $110 a barrel on Thursday, after hitting a six-week high in the previous session…
Combined production of crude oil, gas and condensates in the United States is on course to a hit a record this year, passing the previous peak set in 1972.The rise in output has confounded the famous forecast made by Shell geologist M King Hubbert who predicted that U…
Brent crude rose close to $110 a barrel on Wednesday due to mounting tensions in Ukraine, while prices for U.S. oil fell after a report showed a huge build in stockpiles in the world's largest oil consumer.Ukrainian government forces and…
Benchmark Brent oil rose slightly on Tuesday after news that Ukrainian armed forces launched military operations in the east of the country, but crude futures encountered headwinds from the prospect of rebounding oil exports from Libya and the expiration of the front-month contract…
His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World has been invited to speak at the London Summit of Leaders, organized by the Europe Business Assembly from April 15-17, 2014 at the prestigious and historic premises of the British Institute of Directors in London…
Kanoo Machinery, a member of The Kanoo Group received the DP World, UAE Region’s Top Vendor for 2013 during the awards ceremony held recently at Jebel Ali port, Dubai. This is the second consecutive year that Kanoo Machinery earned the top honor…
Noble Energy Inc said Chief Executive Charles Davidson plans to retire on May 1, 2015 and that it intended to appoint Chief Operating Officer David Stover as his successor in October.Davidson will serve as the oil and gas producer's chairman until the company's annual meeting in 2015…
Claudio Descalzi faces a delicate balancing act as he takes the helm of Italian oil major Eni - guaranteeing Italy's gas supply by nurturing relations with Russia, while exploring new drilling frontiers in Africa and Asia to boost profit.The Italian government's choice of Descalzi…
The Board of Braemar Adjusting announced the appointment of Geoff Jones as Group Managing Director of the company with immediate effect.Grant Smith, Chief Executive Officer of Braemar Adjusting, said, “Geoff brings to the company a vast wealth of knowledge and experience…
U.S. crude oil rose to near a six-week high on Friday, steered by stronger gasoline demand and a positive consumer confidence report, but gains were capped by profit taking and a declining demand outlook. The International Energy Agency…
Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms, securities industry watchdog CVM said on Friday…
