Industrial conglomerate Siemens AG (SIEGn.DE) said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc (DRC.N) for $7.6 billion, in a move that would significantly boost the German company's oil and gas business in North America.
A looming gas glut worldwide is prompting Japanese and Indian firms to resell to European traders and utilities big chunks of U.S. liquefied natural gas they had committed to buy several years ago, signaling tempered enthusiasm for U.S. energy.
The asset with the greatest prowess of late has been the U.S. dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies.
Canoe Financial LP (the "Manager" or "Canoe") announced today that it has completed the second and final closing for the initial public offering (the "Offering") of limited partnership units ("Units") of Canoe 2014 Flow-Through LP (the "Partnership") in each of the provinces of Canada, except Quebec.
By utilizing shale gas reserves in the country, Saudi Arabia can use the now popular energy resource for local purposes and use its oil for exclusively for export purposes.
Euler Hermes reported a projected 3.5% growth in UAE due to infrastructure developments and growth in business.
Igor Sechin was quoted as saying the potash controversy between Belarus and Russia would not affect the business of the Russian oil giant.
The oil consortium led by Essar oil is questioning a planned move to rescind an award over oil fields made seventeen years ago.
Zambia would invest US$410 million to build an oil refinery that could lower the fuel costs.
Russia announced that it would lift its oil exports in Asia and consequently decrease the distribution for Europe.
As part of India's ongoing campaign to attract investors, the Oil Minister approved the raising of natural gas prices.
After China's interest in the Pak-Iran pipeline project, the ties between the two countries are said the have been strengthened.
The upbeat statistics on shares, bonds and oil continue to improve after US central banker's attempt to ease fear.
PTT CEO announced his plan on investing billions of dollars in Myanmar.
Grupo BTG purchases Petrobras oil interests in Africa.
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