Energy Update

You are here

Home » Global Read

Betting on oil price recovery, Statoil snips where rivals slash

OSLO, April 23 (Reuters) - Norway's Statoil is cutting investments less than any other oil major this year, positioning for a crude price recovery but taking a risk should the slump be protracted.

UPDATE 1-Patterson-UTI, Helmerich & Payne gain on buoyant demand for hi-tech rigs

April 23 (Reuters) - Oil drilling contractors Patterson-UTI Energy Inc and Helmerich & Payne Inc reported higher-than-expected quarterly profits as demand for their hi-tech rigs remained resilient despite the slump in crude prices.

UPDATE 2-Bilfinger says major restructuring awaits new CEO

* Shares drop 15 percent (Adds quotes, background, updates shares)

Helmerich & Payne profit beats on strong demand for high-tech rigs

April 23 (Reuters) - Oil and gas driller Helmerich & Payne Inc reported a better-than-expected quarterly profit as demand for its high-tech rigs remained resilient despite the slump in crude prices.

Land driller Patterson-UTI profit slumps 74 pct

April 23 (Reuters) - Land rig provider Patterson-UTI Energy Inc reported a 74 percent drop in quarterly profit as weak oil prices weighed on drilling activity and costs rose.

UPDATE 2- Anglo American responds to weak diamond price with output cut

* Platinum output recovers from strike last year (Adds details on platinum, diamond)

Asia Resource Minerals raises 68 mln stg via open offer

April 23 (Reuters) - Coal miner Asia Resource Minerals Plc said it raised about 67.8 million pounds through an open offer of shares as part of its efforts to recapitalise itself.

UPDATE 2-OMV's Q1 oil output falls on Libya, Norway

* 13 pct drop in sales (Adds detail, quote on sales in paras 1 and 3)

UPDATE 2-Technip sees onshore/offshore division lagging in 2015, better subsea

* Sees 2015 onshore/offshore operating profit at bottom of range

China's Xi says backs fair, balanced agreement on Iran

BEIJING, April 23 (Reuters) - Chinese President Xi Jinping told Iranian President Hassan Rouhani on Thursday that China would push for a "fair and balanced" nuclear agreement, a day after talks resumed between Iran and the European Union.

Pages

GET IN TOUCH

  • 1875 I Street NW, International Square, 
       Washington, District Of Columbia, 20006
  • Phone: +1 (888) 317-3839
  • Email: info@mglllc.com

About

Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.

Photos