Egypt's government has paid Dana Gas $60 million, part of overdue receivables totalling $212 million, the Abu Dhabi-listed firm said in a statement on Sunday.Egypt has delayed payments to oil and gas firms as its economy has been hammered…
A Bahaman ship Bulk Jupiter with all-Filipino crew members sank on Friday in the East Vietnam Sea, some 150 nautical miles off southern Vung Tau City. Personnel of the Vietnam Maritime Rescue Cooperation Center (MRCC) rescued one and recovered two bodies of the crew members…
South Sudan's oil revenue last year was hit by reduced output because of conflict in the African republic and the rapid decline in oil prices, petroleum minister Stephen Dhieu Dau said in a statement seen by Reuters on Saturday.Oil is the main source of cash for South Sudan…
Mexico's government said on Friday that its latest 'gasolinazo,' or gasoline price spike, will be the only increase this year.The fuel price hike in the world's 10th biggest crude producer comes as slumping international oil prices have…
The euro fell on Friday, continuing the slide that saw the currency finish out 2014 at a 29-month low against the U.S. dollar, on expectations that the European Central Bank will soon embark on outright money-printing.Crude prices fell in a volatile session…
Global benchmark Brent crude oil closed down nearly a dollar a barrel Friday after a day of choppy trading despite expectations of new investments in the new year, as strong mid-day rallies in crude fizzled.Brent was down 91 cents at $56…
The Eurasian Economic Union (EEU) officially starts functioning on January 1.The EEU unites Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan.The new economic union envisages free flow of capital, goods services, and workforce on a common market including over 170 million people…
GAC Norway AS has been added to the 2014 Gaselle List, a nationally-recognised catalogue of Norwegian businesses that have proven sound finances and sustained growth over a number of years.Introduced by the newspaper Dagens Naeringsliv,…
For approximately four months, seawall reinstatement works will be carried out at the Yacht Club inside Causeway Bay Typhoon Shelter within the area bounded by straight lines joining the following coordinates (WGS 84 Datum) from (A) to (D) and the adjacent shoreline:(A) 22 deg…
20 years ago, on 1 January 1995, the WTO opened its doors for business. Since then this organization, and the system of transparent, multilaterally-agreed rules that it embodies, has made a major contribution to the strength and stability of the global economy…
An exclusive private club in the heart of North Dakota's oil country has been evicted amid a spat with its landlord over building maintenance and unpaid rent, but the club's owners say it has nothing to do with low oil prices and they will reopen at another site…
Hyundai Heavy Industries (HHI) announced today that its management and labor union concluded the negotiation on the wage and collective bargaining agreement for the year 2014. According to the tentative agreement, HHI employees would receive a basic pay of 37…
Rosneft has entered into definitive documentation to acquire 49% stake in Petrocas Energy International Limited (“Petrocas”), creating the joint venture (“JV”) for its activities in the South Caucasus region.The deal represents an important…
Liquefied Natural Gas Limited w ishes to provide an update on the status of Information Requests from the United States Federal Energy Regulatory Commission (FERC) in relation to the Company’s wholly owned subsidiary, Magnolia LNG LLC (MLNG)…
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Li Hui, Chinese Ambassador to Russia.The parties addressed the issues of further bilateral cooperation.…
