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Anadarko Increases Midpoint of 2014 Sales-Volume Guidance by 5 Million BOE

1 min read

The FINANCIAL -- Anadarko Petroleum Corporation announced its financial and operating results for the second quarter of 2014, including net income attributable to common stockholders of $227 million, or $0.45 per share (diluted).…

Lukoil optimizes structure of assets in Eastern Europe and Ukraine

1 min read

The FINANCIAL -- LUKOIL and Austria’s AMIC Energy Management GmbH (AMIC) have reached an agreement in principle to sell 100% of LUKOIL-Ukraine CFI which owns around 240 filling stations and 6 petroleum tank farms in Ukraine. Negotiations were initiated by the Austrian party who expressed their interest in acquiring the assets, according to LUKOIL.…

BP Reports Second Quarter 2014 Results

3 mins read

The FINANCIAL -- BP announced its financial results for the second quarter of 2014. Underlying replacement cost profit1 for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the $3.2 billion result for the first quarter of 2014, according to…

Commercial Production Begins at Chevron’s New Premium Base Oil Plant

1 min read

The FINANCIAL -- SAN RAMON, Calif. – Chevron Corporation subsidiary Chevron U.S.A. Inc. has begun commercial production of premium base oils from a newly constructed manufacturing facility at the company's Pascagoula refinery, according to Chevron Corporation.…

New Study Shows Importance of Diverse Power Supply

1 min read

The FINANCIAL -- While the U.S. currently benefits from a wide range of electricity sources, federal regulations and a narrow focus on renewable energy and natural gas will threaten our diversity.…

July 2014 fuel price update – Pump prices fall but EU considers fuel price regulation

3 mins read

The FINANCIAL -- After a brief rise, average UK petrol and diesel prices have started to fall again as oil supply concerns in Libya and the Middle East diminish, according to the latest AA Fuel Price Report.…

Petrol sales and domestic energy bills — Power bill surges triggered a slump at the pump

2 mins read

The FINANCIAL -- A suspicion that record low sales of petrol this spring were a reaction to surging domestic energy bills have been confirmed in a poll of more than 18,000 AA members. The slump at the pump occurred while petrol prices were at their lowest for three years, according to Automobile Association Developments Limited.…

Energy efficiency a top factor for Mumbaikars while buying electrical appliances reveals Tata Power survey

1 min read

The FINANCIAL -- Energy Efficiency is the most important factor that consumers keep in mind while purchasing electrical appliances with more than 26 percent respondents rating it as a ‘Very important’ factor, a recent consumer survey conducted by Tata Power reveals. This is followed by Utility of the appliance with 22 percent, Ease of Use…

Turning off street lights – Inquests reveal pattern of death on councils’ blacked out roads

2 mins read

The FINANCIAL -- Six deaths partly caused by councils switching off street lights to save money have left drivers no option but to drive on full beam along faster (40mph) residential roads, says the Automobile Association Developments Limited (AA).…

EBRD and OME join forces to increase energy investment in the Mediterranean region

1 min read

The FINANCIAL -- The European Bank for Reconstruction and Development (EBRD) and Observatoire Méditerranéen de l’Energie (OME) – will co-operate in supporting efficient energy markets and energy security, reducing inefficiencies caused by fossil fuel subsidies and strengthening the sustainable development of hydrocarbon resources in the Mediterranean region, according to EBRD.…

BP brings Olympic and Paralympic spirit to Chicago as sponsor of World Triathlon race

1 min read

The FINANCIAL -- BP is a main sponsor and the official energy partner of this weekend’s International Triathlon Union (ITU) World Triathlon Chicago, furthering its long-running association with U.S. Olympic and Paralympic sports, according to BP.…

Rosneft and BP Signed a Long-Term Contract for the Delivery of Oil Products on a Pre-Paid Basis

1 min read

The FINANCIAL -- Rosneft and BP Oil International Limited signed a set of agreements designed to organize long-term deliveries of oil products and oil on a pre-paid basis, according to ROSNEFT.…

Make Distribution Reforms a Top Priority, says New World Bank Report

2 mins read

The FINANCIAL -- Power distribution in India needs sweeping reforms if it is to bring back the country to a high growth trajectory and meet its goal of expanding access to electricity to all by 2019, says a new World Bank report. Today, India’s annual per capita power sector consumption at around 800 kWh is…

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