Finance

Fracking: Halliburton, Baker Hughes Stockpile Resources

As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves

Oil up after China Demand News

Oil prices were up at midday on Tuesday after an early rally aided by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling.

Weak Oil Threatens US Export of LNG

Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have

Shell Signs Sales Deals for Nigerian Assets

Royal Dutch Shell has signed sales and purchase agreements for all the Nigerian oil assets it put up for sale following a 2013 review of its business in the West African country,

Continership Alliance Expands to US Trades

The CKYHE Alliance (COSCO, "K" LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) has announced they will expand their cooperation scope to U.S. Trades and CKYHE

Latvia Drops Bid to Buy E.ON's Gas Utility Stake

Latvia's government has abandoned talks to buy a 47.2 percent stake in Latvian gas utility Latvijas Gaze from Germany's E.ON, the country's prime minister said in a television interview on Tuesday.

Iraq Approves $278 mln Oil Deal with Halliburton

Iraq's cabinet approved on Monday a $278.5 million drilling deal with U.S. oil service company Halliburton for the southern West Qurna- 1 oilfield, according to a government statement.

Strong Winds Weigh on Spot Prices

Hungarian premium persists Serbia water levels forecast to rise Cal '15 prices drop Forecasts for increased wind production in the region drove

Nigeria Wealth Fund Chief Says Investment Plans Unaffected by Weak Oil

Nigeria's sovereign wealth fund said its investment programme over the next six months, including on infrastructure, will go ahead, even as revenues that provide

Congressional Study Questions Embargo-Era Oil Policies

Lifting restrictions on U.S. crude oil exports could actually lower fuel prices for U.S. motorists and other consumers by contributing to a drop in world oil prices,

EU to Consider Ukraine Request for Extra 2 bln Euros

Ukraine has requested an extra 2 billion euros ($2.55 billion) and EU authorities will consider the loan request together with the International Monetary Fund,

Oman Oil Eyes Local Oxy Assets

Oman Oil Co. is in talks with Occidental Petroleum Corp to buy a minority stake in its assets in the Gulf Arab sultanate, the Omani firm's chief executive said on Tuesday.

Saudi, Kuwait Tensions Basis for Oilfield Closure

Shutdown of joint field brings back old disputes; Kuwait is placing restrictions on Chevron's operations. Disagreements over right to operate delayed energy projects.

Wind Could be 20 pct of Global Power by 2030

Installed wind capacity totalled 318 GW at end of 2013; could surge by 530 pct to 2,000 GW by 2030. Installed wind power capacity could swell by 530 percent to 2,

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

Kinder Morgan Pipeline Plans Stall

A Western Canadian pipeline once seen as the best near-term hope for sending more of the country's controversial tar sands crude to Asia has hit another snag: aboriginal

Ukraine, Russia, EU Try to Finalize Gas Deal

Differences over debt, prepayments; Ukraine struggling to secure funds for gas payment. Russia says hopes to finalize a deal. Russia and Ukraine aim to resolve

Finances Delay Norway Oil Projects

Several Norwegian oil and gas projects with development plans due next year will be delayed because of high costs and technological challenges, while several will also go ahead,

US Offers Mediators for INA-MOL Energy Row

Croatia government, MOL at odds over INA for years; USA proposes international mediators, cites energy concerns. Both sides launched arbitration suits last year.

Low Oil Prices Spark Caution for Diverse US Manufacturers

The shaky global economy already has pressured shares of diversified U.S. manufacturers, and many of these industrial companies face another worry: the drop in oil prices.

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