Hess Has No Plans to Sell Remaining Asian Assets
U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive told Reuters on Tuesday.While the company sold assets in Thailand and Indonesia a few years ago as it saw little growth in those two countries, Southeast Asia still plays a key role in its portfolio…
Austrian Demand for Russian Gas Growing
At a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV AG, that took place in St. Petersburg today it was noted that Russian gas exports to Austria had increased by 11.5 per cent in 2015 against 2014. The demand for Gazprom's gas in Austria continues to grow in 2016.
Gazprom, OMV Join Forces
Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV AG, today signed in St. Petersburg a number of documents aimed at further developing the strategic cooperation between the companies. The signing ceremony was held in the presence of Alexander Novak, Minister of Energy of the Russian Federation…
Oil Majors Fail to Replace Falling Output
Oil groups produced much more than they found last year; Oil and gas output fell in 2014, echoes trend over past decade. Big oil companies had a poor record of finding and producing oil and gas last year, according to figures out in the past week - and big cuts in spending in response to falling crude prices could undermine their plans to turn that around.
Austria's OMV: Gas Storage Topped Off
Austrian energy group OMV's natural gas storage is nearly full, providing a cushion should Russian gas supplies via Ukraine hit any snags, the head of its gas and power business told Reuters. "OMV's storage capacity is around 97 percent full," Hans-Peter Floren said on the sidelines of an Austria-Russia Friendship Society meeting late on Thursday.
Second Tanker Waits to Load Oil at Libya's Reopened Port
A second tanker is waiting to load oil at Libya's Es Sider port, state-run National Oil Corp (NOC) said on Thursday, as the country's biggest crude export terminal swung back into action after being closed for a year. The OPEC member's oil production has risen in the past few weeks as major ports in the east have resumed work under a deal with a group of federalist rebels…
