“The most valuable commodity I know of is information.” (Gordon Gecko in “Wall Street” by Oliver Stone) Commodities have experienced a renaissance after the bursting of the internet bubble at the end of the ...
Tags: Commodities, Metallurgy, Mineral
Driller Transocean has agreed to pay $1.4 billion in fines and penalties and to plead guilty to one count of violating the Clean Water Act in connection with the 2010 Deepwater Horizon explosion and spill in the Gulf of Mexico, the US ...
Russia's crude oil production hit a record high of 518 million mt (10.4 million b/d) in 2012, preliminary data released Wednesday by the energy ministry's Central Dispatching Unit showed, as the country cemented its position as the world's ...
Tags: Russia, crude oil production, oil, oil industry
While analysts are generally in consensus in forecasting Brent crude to average around $110/b in 2013, the surge in North American production and question marks on the timing of new infrastructure has made for a highly divergent set of ...
Tags: Brent crude, crude oil prices, crude oil market, Brent
BP signed a heads of agreement Wednesday with Indonesia's state-owned power utility Perusahaan Listrik Negara to supply 23.96 million mt of LNG over 20 years, starting 2013, Jero Wacik, the energy and mines minister who is also the head of ...
BP is putting its global messaging infrastructure into a private cloud to benefit from pay-per-use functionality and the flexibility to easily scale up and down the number of users. Over 83,000 staff at BP will be connected to the cloud. ...
Tags: BP, messaging infrastructure, Microsoft Exchange 2010, computing cloud
Reuters cited oil ministry and industry sources as saying that oil major BP is close to reaching a deal with Iraq to cut the final production target for the supergiant Rumaila oilfield to between 1.8 million and 2.2 million barrels per day. ...
Tags: BP, deal, Iraq, output target
Since its inception in 2002, the Nabucco natural gas pipeline has undergone a number of transformations, most recently into a much shorter link designed to carry Azeri gas from the Turkish border into southern and central Europe. But ...
Tags: Nabucco, natural gas pipeline, gas, company news
The Saudi Gazette reported that UAE energy giant TAQA's billion dollar vote of confidence in Scottish oil and gas has been further strengthened by a new report which says some USD 70 billion of investment in the sector is expected by 2016. ...
Tags: UAE energy giant, TAQA, oil, gas
BP is said to be close to reaching a deal with Iraq to cut the final production target for the Rumaila oilfield to between 1.8 million and 2.2 million barrels per day (bpd). According to Reuters, officials from BP, the state-run South Oil ...
Tags: Oil, BP, oilfield, Rumaila production
AFP quoted British oil giant BP saying that it had agreed to sell its stake in China's Yacheng gas field to the state owned Kuwait Foreign Petroleum Exploration Company as part of a divestment program. BP said that it has agreed the sale ...
Tags: BP, China gas, South China Sea, Yacheng gas
Reuters reported that Rosneft,seeking to wrap up Russia's largest-ever takeover deal,raised USD 16.8 billion in bank loans and signed long-term supply deals with two leading oil traders that could be worth as much as USD 50 billion. ...
Businesses are increasingly taking advantage of the economic and political benefits of setting up operations in Malaysia, whether to gain access to a highly skilled but lower-cost workforce to support global operations, or as a stepping ...
Tags: Malaysia, BP, IT Initiative, Multimedia Super Corridor
Rosneft reported that British oil major BP’s CEO Robert Dudley will help oversee Russian oil giant Rosneft’s integration with TNK-BP to help introduce best international business standards, the companies said in a statement on ...
Tags: oil giant, oil, BP Chief, Smooth Rosneft, TNK-BP
Russia's state-owned Rosneft has signed two loan agreements with a group of international banks for a total of $16.8 billion to finance acquisition of BP's 50% stake in Anglo-Russian TNK-BP, the company said Monday. "Pursuant to these ...