The Australian subsidiary of Chevron said it reached a deal to sell a good portion of the gas from its Wheatstone project to an area customer starting in 2020. Alinta Energy in Western Australia, a U.S. owned entity, starts taking on about 25 percent of the gas produced from the ... Read More »
An economist at a Russian development bank said Tuesday any deal among major oil producers last weekend would’ve been moot because markets are flush with oil. Ministers from some members of the Organization of Petroleum Exporting Countries joined their non-member counterparts in Doha during the weekend to consider a measure ... Read More »
Though a labor strike in Kuwait is on its third day, a spokesman for the oil ministry said Tuesday output has moved higher to 1.5 million barrels per day. Talal al-Khaled, a spokesman for the oil ministry, said Tuesday oil facilities in the country were producing an average rate of ... Read More »
An increase in oil prices, along with refinery slowdowns and higher demand, means U.S. retail prices for gasoline are on the rise, market analysts found. Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline Tuesday at $2.11, unchanged from the previous day, but ... Read More »
A balanced energy portfolio suggests the U.S. economy won’t take any major hits from lingering weakness in the oil sector, a White House spokesman said. The U.S. Energy Information Administration said last week it expected domestic production to decline in most of the Lower 48 states and Alaska because of ... Read More »
With the industry facing tightened purse strings, Norwegian energy company Statoil said it was examining plug-and-play concepts of field development. The company unveiled the so-called Cap-X subsea development concept at a Barents Sea energy conference in Hammerfest, Norway. Jez Averty, a vice president in charge of exploration strategies for Statoil, ... Read More »
Oil prices recovered from recent declines on pressure from oil labor strikes in Kuwait, though economic and production pressures pulled on Tuesday’s rally. Oil prices were off as much as 7 percent before the start of Monday trading in New York after talks between major oil states in Doha collapsed ... Read More »
DRS Technologies UK Ltd is to provide rugged tactical displays and computing technology upgrades to the British military Bowman C4I system for combat vehicles. The work, worth $51 million, will be conducted by DRS Technologies UK and its U.S. parent company under a contract issued by General Dynamics UK. “This ... Read More »
DRS Technologies UK Ltd is to provide rugged tactical displays and computing technology upgrades to the British military Bowman C4I system for combat vehicles. The work, worth $51 million, will be conducted by DRS Technologies UK and its U.S. parent company under a contract issued by General Dynamics UK. “This ... Read More »
When Dubai businesswoman Negin Fattahi-Dasmal opened the first branch of her luxurious nail salon chain in Iran this year, it was met with both excitement and scepticism among image-conscious young Iranians. Despite — or perhaps partly because of — strict Islamic dress codes, cosmetics sales in Iran are among the ... Read More »
Infosys, UltraTech Cement, Petronet LNG, Finolex Industries and TVS Motor Company are among 12 stocks from the Nifty500 index hit their respective lifetime high price on the National Stock Exchange (NSE) in intra-day today. Atul, Bajaj Finance, Can Fin Homes, Kajaria Ceramics, Kansai Nerolac, Manpasand Beverages and Minda Corp are ... Read More »
Chinese Finance Minister Lou Jiwei criticized Republican presidential front-runner Donald Trump, calling him “an irrational type” due to his proposal that tariffs on imported Chinese goods be increased to up to 45 percent. In an interview with the Wall Street Journal published on Sunday, Lou said, “Trump is an irrational ... Read More »
