I have read several glib remarks about current low prices signalling the final demise of the North Sea. I can quite easily see a dip in production as start-ups are put back and maintenance work overs are deferred, but the cost of abandonment will always act as a brake on actually shutting down assets. Even […]
It is difficult to say how well hedged or otherwise was the oil industry as we headed into this low price cycle. The first quarter’s results will prove informative. But some companies who planned to hedge found they could not do so because the trusted counterparties with whom they had signed International Swaps and Derivative […]
BRUSSELS, Feb 4 (Reuters) - Russia's proposal to pump gas to the Turkish-Greek border and from 2019 to cease using Ukraine as its main energy transit route to Europe is in breach of legally binding contracts and is economically flawed, the EU's energy chief said on Wednesday. Read full story › Source:: Reuters UK Natural […]
ISMAILIA, Egypt Feb 4 (Reuters) - The Suez Canal Authority said on Wednesday transit tolls would remain steady in 2015, except for a reduction in the discount for liquefied natural gas (LNG) carriers. Read full story › Source:: Reuters UK Natural Resources
