Energy & Oil

Tuesday, April 8th 2014 - 19:10 UTC
China and East Asia expected to grow at slower pace this year, says World Bank

The World Bank has trimmed its growth forecast slightly for China, citing a “bumpy start to the year”. It now expects the Chinese economy to grow by 7.6% in 2014, down from its earlier projection of 7.7%. A slew of disappointing figures has triggered concerns of a slowdown in the world's second-largest economy.
Saturday, April 5th 2014 - 03:05 UTC
The most profitable gas in the world

By Robert Bensh of Oilprice.com - There is only one certainty in Ukraine: The energy sector must and will be transformed, and how long this takes will depend on who ends up in the driver's seat and how serious they are about becoming a part of Europe and reducing dependence on Russia. But by then, investors will have missed the boat.
Thursday, April 3rd 2014 - 07:25 UTC
Argentina's YPF sells one billion dollars in 10-year bonds at 8.75% rate

Argentina’s nationalized oil and gas producer, YPF, sold 1 billion dollars in a bond sale on Tuesday, the company said in a statement. The 10-year bonds will pay 8.75% interest and were five times oversubscribed, YPF said. The U.S. dollar-denominated securities were issued under Argentine law and was considered a great success by the company.
Saturday, March 29th 2014 - 06:25 UTC
Falklands receives US oil company temporary dock facility for exploration operations

Houston based oil company Noble Energy expects to inject 4 million dollars into Falklands businesses with the construction of the temporary dock facility which arrived in the Islands this week, Senior Vice President Susan Cunningham told those attending a presentation in Stanley on Monday evening.
Saturday, March 29th 2014 - 05:43 UTC
Argentina denies the subsidies reduction will have an inflationary impact

Argentina's new subsidies’ scheme will have an “insignificant” impact on prices since the whole package basically involves a 'redistribution' of funds, argued Cabinet Chief Jorge Capitanich, emphasizing the decision aims at “encouraging the rational and responsible use of public services.”
Saturday, March 29th 2014 - 05:29 UTC
Repsol infighting reveals disappointment with CEO Brufau

Shareholders of Spain's Repsol approved the oil major's 5 billion dollars settlement with Argentina over the 2012 seizure of YPF at an annual meeting on Friday. The agreement had already been approved by the Argentine Congress and by the board of the Spanish company.
Friday, March 28th 2014 - 19:45 UTC
Why Ukraine's next president doesn't matter

By James Stafford, Oilprice.com - Having ridden roughshod over Ukraine, Russia's annexation of the Crimea is now over and a new chapter in Ukrainian politics is about to begin—but it won't be much different than the last chapter, with the same old faces surfacing for May presidential elections.
Thursday, March 27th 2014 - 08:16 UTC
Petrobras scandalous purchase of US refinery should be addressed by Congress

Former Brazilian president Fernando Henrique Cardoso said Congress should investigate a growing scandal surrounding the controversial 2006 purchase by oil giant Petrobras of a Texas refinery.
Wednesday, March 26th 2014 - 22:44 UTC
Obama suggests a transatlantic trade pact would cut Europe' dependency on Russian energy

$EU wants access to US natural gas, but is reluctant to support fracking in the continent$

US President Barack Obama has told the European Union it cannot rely on the United States alone to reduce its dependency on Russian energy, as relations with Moscow chill over its seizure of Crimea from Ukraine.
Saturday, March 22nd 2014 - 12:42 UTC
Falklands' operational campaign to be informed by US oil industry leader

The highest paid woman on a list of 500 Houston oil executives (2009) will be in the Falkland Islands next week with Noble Energy. She is scheduled to hold meetings with the local business community and members of the public for an operational update on Noble's Falklands' campaign.