Latest news
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
Daily: German power prices tumbled on higher solar power output
Crude oil prices dropped on Wednesday, with Brent declining as a Libyan oilfield resumed its production and U.S. crude falling on shaking demand for gasoline. Brent crude futures decreased by 66 cents to settle at $108.28 a barrel, after hitting a one-month low of $108.14 during the session, its eighth consecutive fall, the longest strip since May 2010. Brent contract for August delivery was trading at a discount of about 19 cents to the September contract. Meanwhile, U.S. crude eased $1.11 to settle at $102.29 after declining as low as $102.00. The WTI benchmark has dropped for nine straight sessions, its longest streak since December 2009.
read more... 10/07/2014
Daily: Brent crude posts a weekly gain of 1.8% on tight supply in Libya
Brent crude oil rebounded on Friday to settle about 2 percent higher on the week, spurred by worries about output in Libya, where protesters closed again two oilfields, while violent confrontations burst in the east. Brent crude rose by 66 cents to close at $109.75 a barrel, posting a weekly gain of 1.8 percent. U.S. crude increased by 52 cents, or 0.51 percent, arriving at $102.02 a barrel, or 2 percent higher compared with the previous week.
read more... 19/05/2014
BP vends interest in four Alaska oil fields for unrevealed amount
British oil and gas most important company BP Plc vended its interests in four oilfields on the Alaska North Slope for an unrevealed amount to oil and gas producer Hilcorp, as stated by the company on Tuesday.
read more... 24/04/2014
Daily: British gas edges up on colder weather forecast, drop in imports from Norway
Brent crude oil dropped on Monday following news that Libya’s major Sharara oilfield and an Iraqi pipeline will resume operations, easing concerns about global oil supplies after an early hike to a three-month high above $108 a barrel on continuing unrest in Egypt.
read more... 09/07/2013