Global Energy Industry News

China Slows as OPEC Grows

August 3, 2015
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China’s stock markets have been suffering considerable volatility, sending the central government scrambling in an attempt to pick up the pieces to support the crashing market. Although Chinese economic growth slowed during the past year and local companies’ profits proved unsubstantial, investment in Chinese stocks remained high […]

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Pantheon Resources spuds VOBM#1 well, commences two well drilling programme

July 28, 2015
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Pantheon Resources plc the AIMquoted oil and gas exploration company with a 50 working interest in several projects in Tyler and Polk Counties onshore East Texas is pleased to announce the spuddi

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Source:: Oil Voice […]

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Sudden Drop in Crude-Oil Prices Roils U.S. Energy Firms’ Rebound

July 27, 2015
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By hellenicshippingnews U.S. energy companies are planning more layoffs, asset sales and financial maneuvers to deal with a recent, sudden drop in U.S. crude-oil prices to under $50 a barrel, the lowest level in four months. The companies had been banking on a rebound in […]

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Iran says to introduce new oil contract in two or three months

July 24, 2015
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By hellenicshippingnews Iran aims to introduce a new petroleum contract internationally in the next two to three months, its deputy oil minister said on Thursday, part of the Islamic Republic’s plan to boost output post-sanctions. The proposed contract is more liberal than Iran’s previous “buy […]

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