Global Energy Industry News

UK oil and gas production ‘to increase for first time in 15 years’

August 4, 2015
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By hellenicshippingnews The amount of oil and gas produced in the UK is set to increase for the first time in 15 years, according to a leading energy body. Oil and Gas UK said early figures show production over the first six months of this year could be […]

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EU trade negotiators aim for 2016 U.S. trade pact

August 4, 2015
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* European Parliament gave mandate for further talks last month

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Source:: Reuters UK Natural Resources […]

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Sinopec takes steps to reduce expenses

August 4, 2015
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By hellenicshippingnews Sinopec Group, the second-largest energy company in China, plans to cut costs by recalling 40 percent of its overseas staff in the wake of plunging oil prices. Up to 160 employees from Sinopec International Petroleum Exploration & Production Co, a subsidiary of the group focusing […]

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GLOBAL MARKETS-Respite for commodities as dollar wilts, China bounces

August 4, 2015
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* Brent oil stabilises above $50 a barrel after 5 pct drop * Subdued day for European bourses, Wall Street seen down 0.2 pct * Dollar softer after weak data, focus now on payrolls * China stocks bounce 3 pct, copper and other commodities firmer * Aussie rises after RBA tones down […]

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