STAVANGER, Norway (Reuters) – After years of restraint since crude prices slumped in 2014, oil services companies are now at loggerheads with producers as they battle for what they see as a…
Gazprom Q2 profit jumps to $3.8bn on rising energy prices, sales
Russian gas giant Gazprom reported a surge in second-quarter net profit, beating analysts’ expectations, as it benefited from rising energy prices. It said second-quarter net profit jumped to 259bn roubles ($3.8bn), from…
Maersk Drilling strong enough to stand on its own after listing: CEO
STAVANGER, Norway (Reuters) – Drilling rig contractor Maersk Drilling [IPO-MAER.CO] will provide strong competition for its peers when it is spun off from the A.P. Moller-Maersk (MAERSKb.CO) conglomerate next year, its chief…
Saudi Aramco loses its ‘in perpetuity’ oil and gas rights
Anjli Raval, Senior Energy Correspondent AUGUST 27, 2018 Saudi Arabia has cut the length of time that its state energy company has exclusive rights to the kingdom’s vast oil and gasfields, raising…
The climate fight’s next turning point
(MENAFN – AzerNews) ByPatricia Espinosa and Anne Hidalgo Next month, the Global Climate Action Summit one of the largest international gatherings on climate change the world has seen will be held in…
Novatek starts Yamal’s 2nd LNG train, sends condensate to Mideast
Russia’s Novatek has launched a second liquefi ed natural gas (LNG) production train at its plant on the Yamal peninsula ahead of schedule, as Moscow tries to become a signifi cant global…
‘Europe serious about getting more US LNG’
An LNG carrier sits docked at the Cheniere Energy terminal in this aerial photograph taken over Sabine Pass, Texas (file). European nations are far behind Mexico and China when it comes to…
Qatar to invest $15 billion in Turkey; source says banks the focus
ANKARA (Reuters) – Qatar pledged $15 billion (£11.8 billion) of investment in Turkey on Wednesday that a government source in Ankara said would be channelled into its banks and financial markets. The…
Qatar-Glencore venture values its Rosneft stake at 7.4 billion euros
MOSCOW (Reuters) – QHG Oil Ventures, a joint venture between Qatar Investment Authority and Glencore, has valued a 14.2 percent stake in Rosneft, which it is selling, at 7.4 billion euros ($8.4…