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Report: Hiring Managers See Salaries Stagnating or Decreasing in 2017
(Thursday, March 23, 2017) The majority of hiring managers in oil and gas see salaries as either remaining stagnant or decreasing within the next 12 months, according to the first Global Energy Talent Index (GETI).
Gasoline Floats Outside Europe as Traders Bet on Profit Spike
(Thursday, March 23, 2017) Cargoes of floating gasoline are building off the shores of Europe as margins hold near their lowest level seasonally since 2009, traders and market sources told Reuters.
German Scientists Test World's 'Largest Artificial Sun'
(Thursday, March 23, 2017) Scientists in Germany are testing what they describe as "the world's largest artificial sun," which they hope could pave the way toward creating hydrogen to use as a green fuel.
Wintershall Says Ready To Continue Supporting Nord Stream 2
(Wednesday, March 22, 2017) Wintershall is still looking for ways to support the Nord Stream 2 pipeline project.
Poland to Cap Gas Imports from Single Source at 70 Pct from April
(Wednesday, March 22, 2017) Poland plans to cap gas imports from a single source at 70 percent of overall supplies from April, and reduce that to a third by 2023 as it seeks to cut dependence on Russia and comply with EU law, the energy ministry said.
Centrica CEO's Annual Remuneration Package Rises Nearly 40 Pct
(Wednesday, March 22, 2017) Iain Conn, chief executive of Britain's largest energy supplier Centrica, received a nearly 40 percent rise in annual remuneration to more than 4 million pounds, the company's yearly report showed on Wednesday.
Wood Group Aims to Grow Employment in Long-Term Following Amec Deal
(Tuesday, March 21, 2017) Wood Group refuses to provide any detail on potential job losses as a result of its decision to buy Amec Foster Wheeler, but insists that its aim is on growing employment in the long term.
Russia Hydrocracker Unit Project Goes to CB&I
(Monday, March 20, 2017) CB&I has won an approximately $460 million contract in conjunction with NefteGazIndustriya, LLC's expansion of its Afipsky Oil Refinery in Krasnodar, Russia, CB&I announced Monday.
Scotland Urged to Open Up on Mental Health Following Oil Price Crash
(Monday, March 20, 2017) VSA and SAMH have teamed up to launch the 'Open Up' campaign, encouraging everyone in the north-east to open up about mental health following the effects of the oil price crash.
Russia Could Double Gasoline Exports After Capacity Boost
(Monday, March 20, 2017) It could also worsen a fuel overhang in Europe, according to experts and Reuters calculations.
COLUMN-Hedge Funds Rush for Exit After Oil Trade Becomes Crowded
(Monday, March 20, 2017) Hedge funds cut their bullish bets on oil by the largest amount on record in the week to March 14, according to the latest data published by regulators and exchanges.
BP Confirms Talks to Sell Key North Sea Oil Pipeline to Ineos
(Friday, March 17, 2017) BP Plc is in talks with Ineos AG to sell the Forties pipeline, one of the most important pieces of oil infrastructure in the U.K. North Sea.
Russia to Add More Gasoline Refining Capacity in 2017 - Reuters Data
(Friday, March 17, 2017) Following the upgrades, high-octane gasoline production in Russia will have the potential to increase by up to 4.5 million tonnes a year, the calculations showed.
Exxon Eyes Sale of Italian Service Stations -Sources
(Friday, March 17, 2017) Exxon Mobil is seeking to sell half of its 2,500 petrol stations in Italy for up to 500 million euros ($537 million), several sources close to the process said.
Ownership of Norway's Nyhamna Gas Export Plant to Expand
(Friday, March 17, 2017) Currently processing gas from the offshore Ormen Lange field, Nyhamna will also receive gas from Statoil's Aasta Hansteen and other fields from late 2018 via the new Polarled pipeline.
Energy Carbon Emissions in 2016 Flat for Third Year -IEA
(Friday, March 17, 2017) Energy sector emissions of 32.1 gigatonnes were unchanged from 2015 and 2014 even though the global economy grew by 3.1 percent, the IEA estimated.
Russia's Novatek Sees 4% of Yamal LNG 3rd Train Production on Spot Market
(Thursday, March 16, 2017) Russia's second biggest gas producer Novatek expects around 4 percent of production of the third train of its Yamal LNG project to go to the spot market, its Chief Financial Officer Mark Gyetvay said on Thursday.
Middle East Gasoline Boom Stirs Sales Fight From Europe to Asia
(Wednesday, March 15, 2017) European refiners are set to lose out as newer rivals from the Middle East, India and China vie with them for sales, according to consultants Wood Mackenzie Ltd. and FGE.
China National Chem. Engineering to Build Hydrocracking Plant for Gazprom
(Wednesday, March 15, 2017) China National Chemical Engineering Co Ltd said on Wednesday that its unit signed a contract worth about 1.1 billion euros ($1.17 billion) to build a hydrocracking plant for Gazprom in Russia.
European Gas Prices to Remain Under Pressure -Norway's Petoro
(Wednesday, March 15, 2017) Europe's demand for natural gas in 2017 is expected to be broadly in line with 2016 levels, while prices will likely remain under pressure, Norwegian state oil and gas firm Petoro said on Wednesday.