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Power & Energy Commodity News

Schlumberger optimistic on oil spending

Source: Financial Times, 17th April 2014

Oil services company’s first-quarter revenues are hit by bad weather but it says ‘fundamentals of the global economic recovery remain intact’

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Ambani’s Reliance in gasfield legal spat

Source: Financial Times, 17th April 2014

Industrial conglomerate led by Indian billionaire has issued a legal notice against the authors of a book that accuses company of ‘crony capitalism’

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Gunvor well placed to weather political storm

Source: Financial Times, 16th April 2014

The US sanctions against Russia led to bond panic, but the world’s fourth-largest oil trader is now on a drive to restore confidence

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Gunvor’s earnings rise by a quarter

Source: Financial Times, 16th April 2014

Oil trader puts success down to expansion away from its Russian oil trading stronghold, different commodities, and investing in refineries and mines

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BHP production forecasts fuel payout hope

Source: Financial Times, 16th April 2014

Mining group reiterates its pursuit of ‘structural solution’ as it announces that output of coal and iron ore are set to exceed its previous estimates

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Oil veteran nominated to top job at Eni

Source: Financial Times, 15th April 2014

Claudio Descalzi helped steer the Italian group’s transformation into a successful oil and gas explorer with a series of spectacular discoveries

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Temasek widens Africa footprint

Source: Financial Times, 15th April 2014

Singapore’s state investment company buys stake in Nigerian oil and gas group Seven Energy

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Glencore Xstrata buys oil group Caracal

Source: Financial Times, 14th April 2014

Commodities group targets upstream oil work with $1.35bn deal that sees Chad-focused explorer abandon merger with Canada’s TransGlobe

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Glencore pays $1.35bn for oil group Caracal

Source: Financial Times, 14th April 2014

Resources group makes its first significant upstream oil acquisition in a $1.35bn deal that sees Caracal abandon merger with Canada’s TransGlobe

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Total to invest $16bn in Angola project

Source: Financial Times, 14th April 2014

French oil group bucks trend for cutting capital expenditure and is backing offshore project after delays following concerns over scale of investment

Read the full article on FT.com