Gas industry
Market forces led to a decline in oil prices Tuesday, amidst reports of mild US weather that reduced demand for heating fuel. Light sweet crude for February delivery dropped 1.31 dollars, or 2.09 percent, to 61.10 dollars a barrel on the New York Mercantile Exchange (NYME). The
Gas industry
The Russian stock market continued its upward trajectory on Friday, with most blue chips dipping in trading. However, the RTS and MICEX indices hit record highs during the session. Benchmark stocks fell 0.1%-2.8% on the Russian Trading System (RTS) and the Moscow Interbank Currency Exchange (MICEX). The
Gas industry
Russian share prices fell on Wednesday, with the RTS Index dipping below 1840, as speculators took profits following the latest drop in oil prices. While telecom stocks, led by Rostelecom, advanced, benchmark stocks fell 0.9%-3.3%. The drop in Thailand also contributed to the decline, with concerns about
Gas industry
Canadian companies listed on the Toronto Stock Exchange (TSX) have shown significant economic performance over the past decade, rivaling their US counterparts. Among the top-performing companies, several stand out for their impressive growth, financial health, and strategic positioning. This analysis compares and contrasts the performance of select companies, exploring key
Gas industry
Russian state-run gas monopoly Gazprom is seeking a majority stake in the Sakhalin 2 gas project, a massive natural gas development off the coast of Sakhalin Island. Gazprom's CEO, Alexei Miller, has requested a controlling stake in Sakhalin Energy, the project's developer, from Royal Dutch Shell,
Petroleum industry
Unicorp, Inc., a company focused on the acquisition, development, exploration, and production of crude oil and natural gas, has reported a significant revenue increase of 360% for the nine months ended September 30, 2006, compared to the same period in 2005. This surge in revenue is attributed to the company&
Petroleum industry
As China looks to increase its natural gas supply through its western borders, the country is likely to benefit from competition between Turkmenistan, Kazakhstan, and Russia. Kazakhstan's KazMunayGas (KMG) is planning to construct a pipeline to China, while Russia's Gazprom is also vying for a share
Gas industry
Gazprom has announced it will increase natural gas deliveries to Russia's utilities monopoly UES this year, reversing earlier statements by both companies that suggested the utility would have to reduce its gas consumption. The change in supply levels follows a meeting between the heads of the two companies,
Gas industry
The Russian authorities' recent attacks on major foreign oil projects, including Shell's Sakhalin-2, ExxonMobil's Sakhalin-1, Total's Kharyaga, and Kovykta, operated by TNK-BP, have sent shockwaves through the international energy community. The moves, which include threats to revoke environmental permits and production licenses, are
Gas industry
Secret expenditures in Russia's budget have significantly increased since 2003, with a reported surge of 440 billion rubles. This rise in secret spending has further fueled concerns about corruption and lack of transparency in government expenditures, affecting sectors such as culture, sport, education, and housing. Prime Minister Mikhail
Gas industry
The Russian government has suspended work at the Sakhalin-2 offshore oil and gas field, operated by a consortium led by Shell, Mitsubishi, and Mitsui, under a production-sharing agreement (PSA). The move is worrying, as it may signal a broader assault on PSAs, potentially threatening other major foreign-run projects in Russia.
Gas industry
Russian state bank Vneshtorgbank has purchased a 4.5 percent to 4.8 percent stake in European Aeronautic Defense & Space (EADS), the parent company of Airbus, according to a report by Russian business newspaper Vedomosti. The purchase has sent EADS stock soaring, with shares rising 34 cents to close
