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Category Archives: News

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Egypt Pays $2.1B To Foreign Energy Firms, Still Owes $3.1B

January 5, 2015

Egypt paid $2.1 billion of its debt to foreign energy companies, Oil Minister Sherif Ismail said on Wednesday, a move that could improve the investment climate and ease the country’s worst energy crisis in decades. The payment was the third batch to energy firms in the past year, though the government still owes $3.1 billion,… Continue Reading »

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Senate Panel Plans to Introduce Keystone XL Bill Next Week

January 2, 2015

The head of the Senate energy committee plans to introduce a bill next week to force approval of the Keystone XL oil pipeline, though the full chamber faces a battle in obtaining needed votes to overcome any veto by President Barack Obama. Senator Lisa Murkowski, an Alaska Republican and the new head of the energy… Continue Reading »

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Halliburton Opens New Facility in South Australia

January 1, 2015

Halliburton reported Monday that it has officially opened a new base at Regency Park, South Australia, to service its customers in the state’s growing energy sector. “Halliburton’s investment in our new facility enables us to provide a wide range of services and support to our operations in Australia and specifically serve our customers working in… Continue Reading »

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Missing AirAsia plane search enters third day as US assistance sought

January 1, 2015

Search crews were poised to begin a third day scouring the Java Sea for a missing AirAsia Bhd passenger jet that vanished without a trace carrying 162 people and is suspected of having crashed into the waters off Indonesia. The US has been asked by Indonesia to join the hunt, which included 12 vessels, dozens… Continue Reading »

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US Says Noble Energy Deal Should Move Forward, Boosts Energy Security

January 1, 2015

The United States supports moving forward with offshore natural gas deals in the Mediterranean involving the U.S. company Noble Energy, a State Department spokesman said on Tuesday. U.S. Secretary of State John Kerry has also discussed the issue with Israeli Prime Minister Benjamin Netanyahu, State Department spokesman Jeff Rathke said. “We continue to engage and… Continue Reading »

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Petrobras Deadline Prompts Some Bondholders to Push for Default

December 30, 2014

Brazil’s state-run oil company Petrobras could be declared in technical default on some of its foreign debt as early as Tuesday if bondholders adhere to a campaign to force it to speed up its assessment of losses in a giant corruption scandal. The campaign, which is being led by New York-based Aurelius Capital, applies only… Continue Reading »

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Missing AirAsia Plane Probably at Sea Bottom

December 30, 2014

The search is continuing for the AirAsia plane, a day after it went missing with 162 people on board, but no trace has been found so far. AirAsia Indonesia confirmed that flight QZ8501 from Surabaya to Singapore has lost contact with air traffic control at 07:24 (Surabaya LT) Sunday morning. The flight took off from Juanda International… Continue Reading »

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Prosecution Official: KOGAS CEO Indicted for Bribery, Breach of Duty

December 29, 2014

A South Korean district prosecutors’ office has indicted the president and chief executive of Korea Gas Corp (KOGAS), Jang Seok-hyo, for taking bribes and committing breach of trust. The Incheon District Prosecutors’ office issued the indictment without arrest on Friday, with its spokesman saying Jang was suspected of committing breach of trust worth 3.03 billion… Continue Reading »

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