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Russian Companies Interest Find New Oil and Gas Fields
Against the background of difficult international energy market conditions Russian companies have become less interested in finding new oil and gas fields and developing existing deposits. Notably, the country’s gas monopoly Gazprom dropped its earlier plans to take over a giant Kovykta deposit and has postponed the development of yet another huge project, Shtokman.
Steel Prices and Demand in China Drop, China Steel Industry To Face Anti-Dumping Threats From US and Europe
On April 8, the European Commission announced the levying of an up to 24.2% temporary anti-dumping tax on seamless steel tubes made in China.
Oil Industry Investment To Continue Decline in 2010 If Crued Oil Prices Steady
Mr Helge Lund CEO of Norwegian oil and gas producer StatoilHydro as saying that, the company expects the oil industry’s investment spending to continue to decline in 2010 if oil prices remain steady around current levels.
China Oil Company, PetroChina Co. Reported First Time Drop Profit Since 2001
PetroChina Co., the world’s second- largest company by market value, posted its first drop in full- year profit since 2001 after refining losses widened fourfold and crude oil prices slumped.
Gazprom : Gas Price for Belarus in 2009 to be Higher Than in 2008
The price at which Belarus will import natural gas from Russia in 2009 will be higher than in 2008 but lower than that stipulated by a contract existing between the two countries, Gazprom spokesman Sergei Kupriyanov said.
Oil and Gas Exploration Project Fall in Prices
From the plains of North Dakota to the deep waters of Brazil, dozens of major oil and gas projects have been suspended or canceled in recent weeks as companies scramble to adjust to the collapse in energy markets.
Copper Climbs on Signs of Increased Demand Mine Result in China
Copper rose for a second day in London on speculation that demand for the metal will strengthen in China, the world’s largest user. Lead jumped 10 percent.
China’s copper imports rose 29 percent in September, the country’s customs office said yesterday. Merrill Lynch & Co. forecasts China’s copper demand will increase 9 percent next year from [...]
BP Profit Gains on Record Oil, Higher Gas Prices
BP Plc, Europe’s second-biggest oil company, said profit rose 83 percent in the third quarter as record crude and higher natural-gas prices outweighed production setbacks in Azerbaijan and the Gulf of Mexico.
Net income increased to $8.05 billion from $4.41 billion a year ago, the London-based company said today in a statement distributed by the [...]
Demand Of Mine Raw Material (Coal, Copper, Iron Ore) From Asia Country Would Continuously Increase
Bloomberg online news reported, BHP Billiton Chairman said “Asian economic growth will slow at some point but demand for raw materials from countries such as China is expected to continue”.
This estimate gives hope to mining exploration company to increases mining operation, that supply and request of mine raw material remain to available. Supply and request [...]
