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oil

oil platform

Private equity groups make $500m UK North Sea oil investment

01/09/2014(0)
Buyout groups Blackstone and Blue Water Energy are providing $500m to Siccar Point Energy, a new UK-focused oil company, in one of the largest ever private equity investments in ... Read More
oil prices

A New American Oil Bonanza

29/08/2014(0)
The United States now accounts for 10% of the world’s oil production. As it sharply curtails imports from countries like Angola and Nigeria, those producers are then compelled to ... Read More
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Chevron seeks for Canadian oil project up to $1.5 billion

26/08/2014(0)
Chevron Corp (CVX.N) has been searching for up to $1.5 billion of equity investment to help develop its Duvernay shale formation assets in Canada and contacted potential investors including ... Read More
A view of the headquarters of German utility RWE in Essen November 14, 2013. REUTERS/Ina Fassbender

Germany approves RWE unit sale to Russian investor

22/08/2014(0)
Germany’s economy ministry will approve the sale of utility RWE’s (RWEG.DE) oil and gas unit DEA to a Russian investor despite tensions and sanctions between Russia and the West ... Read More
oil

Apache discovers oil in Northwestern Australia

18/08/2014(0)
US energy firm Apache on Monday announced an oil discovery off northwestern Australia which it said could potentially represent a new oil province for the country. The find at ... Read More
Derricks at Yuganskneftegaz oil processing facility at Mamontovskoye oilfield outside the Siberian ...

West TX Oil Drops to 97.30 on Pressure

13/08/2014(0)
Brent crude slipped below $103 a barrel on Wednesday to trade near its lowest level in more than a year as ample supplies countered any disruption risks posed by ... Read More
CRUDE-OIL

Brazil’s Petrobras Ramps Up Production of Pre-Salt Oil

12/08/2014(0)
After several years of very little progress, Brazil is finally beginning to extract oil from ultra-deep water. Brazil’s economy grew at an astounding pace from 2005 to 2010, thanks ... Read More
oil platform in sea

West TX Oil Clings to $98 on Further Draws on Supply

12/08/2014(0)
U.S. crude oil edged up on Monday as traders moved to cover short positions amid expectations on further draws in domestic crude inventory stocks. Brent was weaker but the ... Read More
exxon

ExxonMobil’s Russian ‘Cooperation’ in Arctic Despite Sanctions

12/08/2014(0)
Despite sanctions from the West on Russian oil companies, President Vladimir Putin is praising ExxonMobil as a potential cooperator to begin an oil drill project in the Arctic. “Today, ... Read More
Oil_well

West TX Oil reports Below $98 following Iraq Air Strikes

11/08/2014(0)
Brent crude oil fell below $105 a barrel in whipsaw trading on Friday, following U.S. air strikes in Iraq that analysts said might lower the risk of oil supply ... Read More
Broker Cyprus TopFX