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).…
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.…
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…
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.…
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.…
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.…
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.…
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…
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).…
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.…
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.…
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.…
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…
