Finance

Areva: Cash-Flow Depends on Timely Income

French nuclear group Areva said nine-month revenue fell 12.9 percent on a like-for-like basis, and confirmed its revenue and core profit targets, but it warned

Azerbaijan: Natural Gas Production Will Rise

Azerbaijan expects natural gas output to rise from 2016, when new wells are due to start production, with a further increase seen from 2018, thanks to greater production

Serbia Seeks Payment Delays, Russia Flow Down

Serbia, which owes more than $200 million for gas supplies from Russia, said on Friday it had received less gas this week and was set for talks on rescheduling its payments.

Prices Grind Lower on Weak Demand, Rising Supply

Asian spot liquefied natural gas prices this week extended a slide that started in late September, overwhelmed by weak demand, falling oil prices and growing supplies,

Global LNG Prices Lower on Supply & Demand

NWS project to award two-cargo tender on Friday; Trading firms close out positions as price disappoints. Asian spot liquefied natural gas prices this week extended

Vestas Wins Turbine Order in Turkey

Danish wind turbine manufacturer Vestas Wind Systems said on Friday it had received a 66 megawatt turbine order for a wind project in Turkey. The order was for 20 units of the V126-3.

Nova Oceanographic Center Adds Guy Harvey

Artist, scientist and conservationist offers generous financial gift to aid Undergraduate and Graduate Students as well as Research. Nova Southeastern University

Cash Hoard at Russia's Surgut Swells to $30 billion

The cash reserves of Russia's third-largest crude oil producer Surgutneftegaz climbed 27 percent to 1.3 trillion roubles ($30 billion) in the nine months to September,

Risky Business: High-Yield E&P Energy Bonds

Investors betting that oil prices will recover are starting to support the battered prices of high-yield bonds from exploration and production (E&P) energy companies.

Imperial Oil Profit Jumps 45 pct

Imperial Oil Ltd, Canada's second-largest integrated oil producer and refiner, reported a 45 percent jump in third-quarter profit on Friday as it refined more crude oil at higher margins.

Exxon Capex Won't Exceed $37 billion

The recent slide in crude oil prices has not affected Exxon Mobil Corp's plans to spend a little less than $37 billion over the next several years, an executive told investors on Friday.

Prompt Down on Rising Wind Power Output

European power prices for early next week fell on Friday, dragged down by forecasts for warmer weather and rising wind power production in Germany and France. German

OPEC Oil Output Slips in October, Still Close to Two-Year High

OPEC's oil supply in October has fallen by 120,000 barrels per day (bpd) due to lower production in Angola and Nigeria, a Reuters survey found, although recovery

St. Lawrence Seaway Workers Extend Strike Deadline

The union that represents workers on the St. Lawrence Seaway, the waterway that links the Great Lakes and the Atlantic Ocean, has extended a strike deadline to Monday at 5 p.

Snam Could Buy Stake in TAP Pipeline in Future

Italian gas infrastructure company Snam could in the future buy a stake in the TAP pipeline that will transport gas from Azerbaijan to Italy, the group's CEO said on Friday.

South Africa's Petrol Price to Drop by 3.3 pct on November 5

The retail price of 95-grade petrol in South Africa will drop by 45 cents or 3.3 percent a liter from next Wednesday, while wholesale diesel will decrease by 4.

Ecopetrol 3rd-qtr Profit Plunges 41 pct, Oil Output Lower

Colombia's state-owned oil company, Ecopetrol, reported a 41 percent drop in third-quarter profit on Friday, due in part to lower crude output and selling prices.

Austria Hopes EU Objections to South Stream Resolved in Next Month

Austria is hoping differences with the European Commission over the South Stream pipeline project can be resolved in the next month or so, allowing the plan to move ahead,

EU Oil Majors' Q3 Refining Boost Temporary

BP, Shell see refining profit double in Q3; falling oil price and maintenance boost refining margins. Refining overcapacity to continue weighing on sector. Refining

Keppel FELS to Build $240m Jackup

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a contract from BOT Lease Co., Ltd (BOTL), an

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