Keyword: oil and gas

News

Statoil Exploration To Focus On Africa, Norway In 2014

25.11.2013 - Norwegian oil major Statoil expects to keep exploration spending close to this year's record level in 2014, even as some peers rein in investment to save cash for dividends and to...

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Chanos Says Oil Majors Increasingly Look Like ‘Value Traps’

20.11.2013 - Short-seller Jim Chanos said on Tuesday that shares of international oil majors like Exxon Mobil increasingly look like a value trap for investors as cash flows decline and return...

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Colorado Creates Rules To Reduce Fracking Emissions

19.11.2013 - Colorado announced proposed rules on Monday designed to reduce emissions during oil and gas operations in an agreement with drillers that addresses one key environmental concern...

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Saudi Arabia May Be Overcoming Addiction To Oil-Fired Power

19.11.2013 - Saudi Arabia may be starting to overcome a long addiction to generating electricity from its own oil, easing a nagging concern for a global market reliant on free-flowing crude...

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Oman Oil Executive Juma Al Hinai Goes On Trial On Bribery Charges

18.11.2013 - A senior official at a state-run Omani oil company went on trial on Thursday on charges of taking a bribe, in a case closely watched in the Gulf Sultanate, which has pledged to...

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Norway Faces Big Oil Investment Drop In 2015 After Peak

18.11.2013 - Investment in Norway's vast oil sector will nearly halt next year, then fall in following years, ending a decade-long investment boom and putting more pressure on a slowing economy...

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Flush With Fuel, China Targets New Markets From Africa To Australia

14.11.2013 - From Africa to Australia, Chinese refiners are exploring new markets to ship surplus oil products such as jet fuel and diesel, putting them on track to compete with global trading...

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Klesch Awards German Refinery Supply Deal To Barclays

12.11.2013 - Swiss industrial group Klesch has agreed that Barclays will supply crude oil to its German refinery in a deal worth hundreds of millions of dollars a month that boosts the bank's...