Keyword: Energy

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German Upper House Passes Resolution to Tighten Fracking Rules

02.02.2013 - Germany's upper house of parliament passed a resolution on Friday urging Chancellor Angela Merkel's government to tighten the rules for controversial modern drilling techniques, or...

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Rosneft 2012 Net Profit Up 7% While Cash Flow Halved

01.02.2013 - Rosneft came in slightly below forecasts with a 7% rise in 2012 net profit on Friday while free cash flow halved ahead of its $55 billion takeover of TNK-BP, sending shares in...

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Exxon, Chevron Earnings Boosted by Refining Margins

01.02.2013 - Strength in refining and chemicals led to higher-than-expected fourth-quarter earnings for Exxon Mobil and Chevron, the two largest U.S. oil companies. A flood of oil produced from...

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Kinder Morgan to Buy Pipeline Firm Copano for $3.22 Billion

30.01.2013 - Kinder Morgan Energy Partners will buy natural gas pipeline operator Copano Energy for $3.22 billion to tap into growing demand for infrastructure to transport vast supplies from...

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Indonesia Calls for Exxon to Replace Local Chief

28.01.2013 - A senior Indonesian official has called for U.S. energy group Exxon Mobil to replace its country manager after delays at one of its major oilfields, fuelling concerns about state...

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Samsung Total Strikes Iran Oil Deal

26.01.2013 - South Korea's Samsung Total Petrochemicals (STC) has revived a contract to buy Iranian oil after a year's hiatus, as thin margins in plastics make the cheap fuel from Iran hard to...

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Canadian Crude Reaches Europe as U.S. Shale Oil Booms

22.01.2013 - The United States now gets so much crude from its own shale deposits that Canadian exporters are selling as far afield as Europe, showing how deeply the U.S. energy revolution is...

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Ukraine, Shell Expected to Sign $10 Billion Shale Deal Jan 24

18.01.2013 - Ukraine is expected to sign a landmark shale gas deal with energy major Royal Dutch Shell next week while a second deal in the west of the country faces local opposition, Prime...