Home / Tag Archives: Europe

Tag Archives: Europe

French courts caught up in Yukos vs. Russia assets fight

French courts caught up in Yukos vs. Russia assets fight

PARIS (AP) — The fight between Russia’s government and magnate Mikhail Khodorkovsky’s dismantled Yukos oil company has spread to courtrooms across Europe — and even into space. France has seen multiple court cases in recent months that had entangled rocket and satellite builders and others, in Yukos’ efforts to recover money it says the Kremlin unfairly appropriated. Former Yukos shareholders ...

Read More »

Crude oil prices drop more than 1 percent as weak outlook prevails

SINGAPORE (Reuters) – Crude oil futures fell around half a dollar early on Wednesday as the market remained under pressure from slowing demand and high supplies, while forecasts that a cold snap in Europe and the United States would be short-lived also hurt prices. Crude prices have plunged by two-thirds since mid-2014 as soaring output from the Organization of the ...

Read More »

IEA sees bear oil market as stocks balloon

LONDON – The world is awash with oil having built record stockpiles in recent months and slowing demand growth combined with resilient non-OPEC supply could worsen the glut well into next year, the International Energy Agency (IEA) said on Friday. “Stockpiles of oil at a record 3 billion barrels are providing world markets with a degree of comfort,” the IEA ...

Read More »

Stocks fall on China worries; oil loses ground

NEW YORK – World equity indexes dropped on Monday as disappointing trade data in world No. 2 economy China stoked concerns over weakening global growth, while oil prices slipped. All three major U.S. stock indexes were down more than 1 percent, while European shares closed 1.1 percent lower. Fresh builds at the delivery point for U.S. crude futures also dragged ...

Read More »

BP’s new training center is all about safety

BP is amping up its offshore training program with the help of Maersk Training. BP and Maersk already work together for training in Europe, but a new agreement will expand the training program on a global scale, according to a company press release. Part of this agreement includes building a new facility in Houston equipped with state-of-the-art simulation technology. BP ...

Read More »

Fracking war: North Africa

The Sahara Desert in Algeria

Some of the first protests against hydraulic fracturing (fracking) and natural gas drilling occurred in good ol’ Pennsylvania.  From there, they moved on to New York and across the seas to Europe.  Following New York’s footsteps, countries in Europe, including France, Germany and Bulgaria, dealt with the protests by applying fracking bans.  Other countries, such as South Africa, put moratoriums ...

Read More »

U.K. may be out of natural gas by April

Even though this winter has provided areas around the world with above-normal temperatures, serious concerns regarding the United Kingdom’s natural gas supply have arisen. According to Gas Infrastructure Europe (GIE), the U.K.’s natural gas storage has hit its lowest level since 2011.  As of January 16th, the storage unit’s natural gas inventory was at 3.34 billion cubic meters.  Some are ...

Read More »