Finance

Brazil Presidential Candidate Silva Moots Price on Carbon

  Brazilian presidential candidate Marina Silva plans to put a price on greenhouse gas emissions and implement a national carbon market if elected, according to policy proposals released on Friday.

Oil Higher on Ukraine Tensions

Crude oil prices posted their second straight monthly losses, despite rising on Friday on worries that the intensifying Ukraine crisis may trigger more sanctions and as U.

SBM Offshore Completes Real Estate Divestment

  SBM Offshore is pleased to announce that is has completed the sale and lease back of its Monaco real estate portfolio.  The last of the three buildings was sold

Athabasca Completes Dover Stake Sale to PetroChina

  Canada's Athabasca Oil Corp said it had closed the sale of its 40 percent interest in the Dover oil sands project to a unit of PertroChina Co Ltd for $1.18 billion.

Rolls-Royce Holdings' Voting Rights and Capital

  In accordance with DTR 5.6.1 of the FCA's Disclosure and Transparency Rules (DTR), the Company is required to notify the market of its total number of voting

Med Crude-Urals Rallies in the Baltic in Surgut Tender

Russian Urals crude ended the week on a strong note in the Baltic with oil firm Surgut allocating two cargoes loading in mid-September at almost $1 per barrel stronger

Bollore First Half Boosted by Transport, Advertising Unit

French industrial group Bollore said first-half operating income rose 11 percent to 314 million euro because of strength at its transport business and advertising agency Havas,

Statoil Sells 75% of Gas to Europe at Spot Prices

Norway's Statoil, Europe's second-biggest gas supplier, now sells around three-quarters of its gas at spot prices, its gas trading head said, in a shift from oil-linked

Why the Shale Revolution Is Not about to End

Doubts about the sustainability of the North American oil and gas boom centre on rapidly declining output from many shale wells after they are initially drilled.

Czech, Slovak Day Ahead Falls, Hungary Gains

Czech and Slovak day ahead power fell on Friday due to falling demand at the weekend but outages helped drive Hungarian spot prices higher, traders said. On regional exchanges,

Somalia Takes Kenya to UN Court in Oil Rights Row

Somalia filed a suit against Kenya at the U.N.'s highest court, seeking to resolve a long-running dispute over lucrative oil reserves in the Indian Ocean. Somalia

CMA CGM Continues Expansion, Confirms Profits

The Board of Directors of CMA CGM Group, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer,

Russia's Surgut H1 Net Profit Down 19%

Russia's Surgutneftegaz posted 134.1 billion roubles ($3.6 billion) in net profit for the first six months of the year, down 19 percent from a year ago, the company said on Friday.

Brent Oil Rises on Ukraine Crisis But Heads for Monthly Fall

Brent crude oil rose towards $103 a barrel on Friday as escalating violence in Ukraine kept Europe's markets on edge, but prices remained on track for a monthly

Lower Demand, Higher Solar Weighs on Prompt

European spot power prices edged down on Friday on forecasts for a small drop in electricity consumption in Germany and France by Monday and a small rise in solar power production.

Can the Green Approach to Shipping be Profitable?

In recent times, growing concern about the state of the world’s oceans and the impact that shipping has on quality of the air has led to ever more legislation on emissions.

Cheaper Energy Cut Canadian Industrial Prices

Canada's industrial prices and raw material prices fell in July from June, in both cases because of cheaper energy, according to Statistics Canada data released on Friday.

Transneft Q2 Net Income up 20 pct

Russia's state-owned oil pipeline monopoly Transneft said on Friday its second-quarter net profit, attributable to shareholders, rose 20 percent year-on-year to 50.

China COSCO Flags 2014 Loss, Insists Market Improving

China COSCO Holdings Co Ltd said on Friday that it would be tough to escape a loss in 2014, but said the shipping market's outlook was improving in the second half.

Indian Coal Stocks Lowest Since 2012 Blackouts

State-run Coal India unable to meet rising demand; Fall in hydro power adding to grid problems. Half of India's thermal power stations have less than a week's supply of coal on hand,

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