Global Energy Industry News

Oil industry may see cash tighten as banks face pressure

April 18, 2016
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By hellenicshippingnews U.S. oil and gas companies have been hammered by collapsing crude prices, and now the banks that provide their lifeblood are under pressure to curb their lending to them. This month, the energy industry has entered a regular, twice-annual review period that will determine […]

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Russian Rig Demand Changes Direction

April 18, 2016
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In 2015 Russian onshore drilling bucked global activity trends and reached record highs. Depreciation of the rouble cushioned the Russian oil industry incentivising operators to boost activity and p

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Source:: Oil Voice […]

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Shell under pressure to reduce spending

April 8, 2016
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LONDON, April 8 (Reuters) – Royal Dutch Shell is under pressure from shareholders to cut annual spending below $30 billion after buying BG Group to ensure it can maintain its dividend given the slow oil price recovery.

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Source:: Reuters UK Natural Resources […]

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UPDATE 1-Oil rises on firm US, German growth but traders warn of ongoing glut

April 8, 2016
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* Moody’s expects accelerating German growth on robust demand

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Source:: Reuters UK Natural Resources […]

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