Ervington Investments, whose ultimate beneficiary is Russian billionaire Roman Abramovich, has invested $ 5 million in the American Propell Technologies Group. The company is developing a technology using plasma-impulse exposure to enhance the recovery of shale oil and gas fields. This is stated in ...
At world trading on Thursday, February 19, oil prices are falling in anticipation of statistics on fuel reserves in the United States. Thus, the cost of the April futures contract for Brent crude oil has already dropped by 5,02%, to $ 59,54 per barrel. The cost of March oil futures ...
On Wednesday, February 11, the US Congress finally approved the construction of the Keystone XL pipeline for the export of Canadian oil, Agence France-Presse reported. Earlier, Barack Obama threatened to veto the laying of the oil pipeline. In the House of Representatives, the decision was adopted by 270 votes to 152. Thus ...
The record drop in oil prices will not only cut the investment plans of the largest oil companies, but also slow down the growth in actual production volumes this year, follows from the updated OPEC forecast. In the new report, the estimate of the increase in oil supply in the world market is reduced by more than ...
North Sea Brent crude prices rose on the back of the Baker Hughes report. According to him, the number of rigs in the United States fell by 83 platforms to 1140 over the week. This was the lowest figure since December 2011. North Sea oil ...
In the United States, 3800 workers have gone on strike at nine refineries after negotiations between the United Steelworkers (USW) and Shell Oil Corporation stalled. Writes about it Los Angeles Times. USW represents about 30 workers in factories, terminals, petrochemical plants ...
BP faces a maximum fine of $ 13,7 billion for a 2010 spill of more than 3 million barrels of oil following an accident at the company's oil platform in the Gulf of Mexico, Bloomberg writes. District Judge Carl Barbier dismissed the US government's claim on Thursday, ...
Press Secretary of the US President Josh Ernest denied rumors that the US is lifting the ban on oil exports, RIA Novosti reports. “There have been no changes in the regulation of crude oil exports,” Ernest answered when asked whether the fall in prices for ...
OPEC countries look forward to bankruptcy of US offshore companies. According to Reuter, in the organization of oil exporting countries, American companies will soon feel the full effect of the sharp drop in oil prices and the development of offshore oil will be suspended. “Many companies are insured before the start ...
WTI grade dropped below $ 50 per barrel in New York trading. Brent dropped in price and cost less than $ 53. The last time such values were observed on the market was more than 5,5 years ago. The reason for what is happening, according to analysts, is the growing supply for ...