Finance

Technip Certified to EDGE Standard

  Technip and EDGE Certified Foundation announce today that Technip in Brazil, in France and in Italy, including flexible pipe manufacturing plants in Brazil and France and Group’s headquarters,

Oil Majors to Preserve Dividends Despite Oil Collapse

  Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and

China's COSCO Group Returns to Profit

China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman.

Brent Closes Up, U.S. Crude Down After Saudi King Dies

  Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply. Saudi Arabia's new king,

Anadarko Finalizes Tronox Settlement

Anadarko Petroleum Corp said in a regulatory filing on Friday that it has finalized its $5 billion settlement with Tronox Ltd, ending a long-running legal saga related to environmental clean-up costs.

Venezuela Eyes Double-digit Yield on Citgo Debt Sale

Venezuela's US oil-refining unit Citgo will probably have to pay double-digit yields to lure investors into a US$2.5bn financing package aimed at pumping new cash into its state-owned parent PDVSA.

GE Profit Rises Despite Flagging Oil Unit Sales

General Electric Co reported a 9 percent rise in quarterly industrial profit on Friday as its businesses that sell power-generating turbines and jet engines helped

Global LNG Prices Fall on Lacklustre Demand

Asian spot liquefied natural gas prices for March delivery fell sharply for a second week as traders said supply disruptions failed to derail the market's downward trajectory weighed by weak demand.

Hungary Expects Gas Contract Deal from Putin Visit

Hungary should be able to agree long-term gas shipment contracts with Russian President Vladimir Putin during the Russian leader's visit to Budapest next month,

Oil Majors to Preserve Dividends Despite Oil Collapse

Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and their

Magnum Hunter: Slashed all Spending Amidst Cheap Oil, Gas

Oil and natural gas producer Magnum Hunter Resources Corp said on Friday it has cut all capital spending amidst plunging commodity prices, expecting prices to remain low for at least the next year.

Great Lakes Coal Falls Short in 2014

Despite a nearly 1-million ton increase in coal shipments on the Great Lakes in December, the surge was not enough to enable the trade to outperform 2013, the Lake Carriers’ Association (LCA) said,

U.S. Crude Turns Positive on Supportive Economic Indicators

U.S. crude oil prices turned positive Friday after the National Association of Realtors reported that U.S. home sales rose in December, a possible indicator of a recovering housing market.

U.S. Crude Falls to Weekly Low Following Refinery Disruption

U.S. crude fell to $45.35 on Friday, the lowest since the middle of last week, following news that a crude oil distillation unit in BP's 413,500 barrel a day Whiting,

Spot Declines; Monday Falls on More Wind

Stronger hydro power generation sent central and southeast Europe spot power prices lower on Friday, offsetting higher consumption due to colder weather forecasts and modest wind power output,

Areva to Cut 100 Jobs at La Hague

French nuclear group Areva , which employs about 45,000 people, said it plans to cut about 100 jobs at its La Hague nuclear fuel reprocessing plant. It added

Yemen Suffers Power Vacuum After Leaders Quit

Small protests in Sanaa denouncing Houthis; United States expresses concern over Hadi's resignation. SANAA, Jan 23 (Reuters) - Yemen drifted deeper into political

GE Profit Beats Street Despite Weak Oil & Gas Unit

General Electric Co's quarterly earnings topped Wall Street's estimate on Friday as its business of selling power-generating turbines drove a 9 percent increase

China's 2014 Iran Crude Imports up 28 pct

China lifted almost 550,000 bpd from Iran in 2014. China's crude oil imports from Iran jumped by nearly 30 percent last year to their highest average level since 2011,

North Dakota Optimistic Despite Price Slump

Business leaders in the capital of North Dakota's oil boom say they are optimistic the regional economy will stand up to slipping crude prices, confident that the

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