Global Energy Industry News

North Sea oil companies in debt spillage

February 5, 2016
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Operations in world’s most expensive field are under threat Read full story ›

Source:: FT.com Oil and Gas […]

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U.S. running out of space to store oil

February 5, 2016
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By hellenicshippingnews America is pumping so much oil that it’s running out of places to keep it all. The U.S. now has nearly 503 million barrels of commercial crude oil stockpiled, the Energy Information Administration said on Wednesday. It’s the highest level of supply for […]

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UPDATE 6-Oil slips towards $33 as hopes for production cut fade

February 2, 2016
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* U.S. crude stocks likely hit record last week -Reuters poll (Updates throughout, changes dateline from SINGAPORE)

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Source:: Reuters UK Natural Resources […]

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Russian Oil Export Tariffs Drop by Third in February

February 2, 2016
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By hellenicshippingnews The current oil export tariff stands at $52 per tonne of oil. Export duty rates for oil from Eastern Siberian, Caspian and the Arctic Prirazlomnoye oilfields was set at zero in February 2015. These zero-rate export duties will stay in place if the average oil […]

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