Finance

Confidence High in UK Logistics Sector

The latest U.K. Logistics Confidence Index commissioned by Barclays and Moore Stephens reveals that confidence in the U.K. logistics sector remains high but more

DONG Sells 5 pct of West Shetland Gas Field to Total

Danish energy company DONG Energy {DOENRY.UL] said on Thursday it would sell a 5-percent share of its stake in the Edradour gas field off Scotland to majority owner Total of France.

Zambia May Be Backing Off Steeper Mine Royalty Rates

There are indications that Zambia may be backing away from plans to impose a 20 percent royalty rate on open pit mining in the country, a top executive with Barrick Gold Corp said on Thursday.

EU's Barroso Believes Russia/Ukraine Gas Deal Struck

European Commission President Jose Manuel Barroso said on Thursday he believed the European Union had successfully brokered a deal on gas supplies between Russia and Ukraine.

Statoil Invests $1.5b in US Offshore Project

Statoil together with co-owners in the Stampede development in the Gulf of Mexicohas sanctioned the Stampede project in the U.S. Gulf of Mexico. Statoil said it will invest $1.

Argentine Congress Passes Law Aimed at Attracting Oil Investment

Argentina's Congress gave final approval on Thursday to a law revamping energy investment regulations, the latest step by President Cristina Fernandez to lure foreign

SUGAR’ EU Project - New Environmental Monitoring Solution

Kongsberg Maritime Embient, with Kongsberg partner company Contros Systems and Solutions, has been selected to develop and deliver technologies and strategies for

US Manufacturing Renaissance Proves Elusive Despite Cheap Gas

According to many commentators, cheap natural gas is producing a renaissance in U.S. manufacturing and putting European competitors at a disadvantage. But empirical

Czech, Slovak Spot Down on Stronger Renewables, Hungary Up

Forecasts for higher renewable power output and milder weather sent Czech and Slovak day ahead power prices lower on Thursday while the Hungarian spot jumped as the system remained tight,

First Oil From North Sea Golden Eagle Project Expected Soon

The Golden Eagle project in the UK North Sea has moved ahead of schedule with first oil expected "any day now", Suncor Energy chief executive officer Steve Williams

Capline Owners Announce Study of Future Operations

Marathon Petroleum Corp and other owners of the 1.2-million-barrel-a-day Capline crude oil pipeline, which runs from the U.S. Gulf Coast to Patoka, Illinois, said

Vale CEO: Coal Deal Soon

Brazilian mining company Vale SA is close to making a "strategic" announcement concerning its coal unit, the company's chief executive Murilio Ferreira said on

NAO Announces Financials, Declares Dividend

Nordic American Offshore Ltd. has declared a dividend of $0.45 per share for 3Q2014, as previously announced. This is the same dividend as for the previous two quarters.

Kirby Corp. Announces Record 3Q Results

Record 2014 third quarter earnings per share of $1.34 compared with $1.21 in the 2013 third quarter, which included a $0.08 benefit due to the reduction of the United earnout liability.

National Oilwell Profit Up on Rig Systems

National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 10 percent rise in quarterly profit as its rig systems business readied more oil and gas wells for production.

Vale Financials Disappoint; Iron Ore Prices, Currency Cited

Brazil's Vale posted a surprise loss of $1.44 billion on Thursday, hurt by a fall in the price of iron ore, higher production costs and a weakening Brazilian currency.

Verbund Sells Bulgarian Wind Farm

Verbund sold its Bulgarian wind farm to a unit of Bulgarian financial group Inovent Holding, the Austrian utility said on Thursday without disclosing the price.

TransCanada Seeks Nod for East-West Pipeline

TransCanada Corp said on Thursday it had filed for regulatory approval of its C$12 billion ($10.8 billion) Energy East pipeline, pushing ahead with a plan to ship

Ukraine: Gas Debts Paid after Deal Signed

Prime Minister Arseny Yatseniuk said on Thursday that Ukraine's position at three-way talks in Brussels was that the price of Russian natural gas should be $378 per 1,

Walter Energy Trims Costs, Narrows Loss

Coal miner Walter Energy Inc reported a smaller loss in the third quarter as its cost cutting efforts paid off. Net loss narrowed to $98.9 million, or $1.48 per share in the quarter ended Sept.

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