Oil and Gas Industry Latest News

26.12.2012 Brent Closes Low as 'Fiscal Cliff' Looms

Reuters reports that oil prices largely recovered early losses but still closed lower on Monday as a late gasp of holiday-thinned buying failed to counter fears that the U.S. "fiscal cliff" budget crisis could erode oil demand in the world's top consumer.

12.12.2012 Nexen Up 14% On CNOOC Deal

WSJ's Market Watch reported that Nexen Inc. rallied 14.5% to $26.92 a share on Monday after Canadian regulators approved the purchase of the energy company by China's CNOOC Ltd., while the energy sector traded mixed.

06.12.2012 Russia’s Reserve Fund nears RUB 2 trillion, Sovereign Wealth Fund to RUB 3 trillion as of December 1

Russia’s Reserve Fund has accumulated 1,906.89 billion roubles as of December 1, which equals to 61.40 billion U.S. dollars, the Finance Ministry said in its regular report.

05.12.2012 China closer to oil futures trade

China Daily, citing the Shanghai Securities News, reports that China is moving closer to starting a market for trade in crude-oil futures, the Shanghai Securities News reported.

28.11.2012 China's Oil Pipelines Project Leads Directory 2013

China Oil and Natural Gas Project Leads Directories" is a tool for readers to develop their business such as selecting investment and acquistion target, pre-screening potential sales leads as well as building a solid leads background for further market analysis.

27.11.2012 PetroChina Completes the Sale of CNY 20 Bn Bonds

PetroChina announced last night that it has completed the CNY 20 billion bond issue: CNY 16 billion in five-year bonds, CNY 2 billion in ten-year bonds, and CNY 2 billion in 15-year bonds.

27.11.2012 Gas-to-Liquids Market to be worth $5.30Bn by 2013

According to a report released by ASDReports this month, the Gas-to-Liquids market is forecast to record strong growth over the next decade, as the perceived risk of Gas-to-Liquids technology declines and future revenue streams of the current energy trading climate are r

27.11.2012 Fitch upgrades KMG credit rating to 'BBB'; Outlook Stable

Fitch Ratings has upgraded KazMunaiGaz National Company's (NC KMG) Long-term foreign currency Issuer Default Rating (IDR) to 'BBB' with a Stable Outlook.

23.11.2012 Rosneft signs definitive agreements to acquire a 50% stake in TNK-BP from BP

Rosneft today announces that it has entered into definitive agreements with BP for the
purchase of BP’s 50% interest in TNK-BP in exchange for $17.1 billion in cash and 12.84%

15.11.2012 BASF, Gazprom to Swap Assets

Gazprom and BASF have signed a basic agreement to swap assets of equivalent value. The transaction is to be completed by the end of 2013.
As a result, BASF will expand its production of oil and gas to exit the gas trading and storage business.