UK Market News
Tag Archives: Oil & Gas
Saudi Aramco

State oil firm Saudi Aramco on Monday informed Egyptian authorities that it would be stopping shipments of petroleum products to Egypt “until further notice”, Egyptian Oil Minister Tarek El-Molla said forcing the country to purchase...

By John Shepherd on Nov 7th, 2016
Tullow Oil

Multinational oil and gas exploration company Tullow Oil has been given $345 million in financing to allow it to resolve April’s scheduled amortisation and give the business flexibility whilst it renegotiates its bank facilities. In a...

By Warren Smith on Oct 28th, 2016
Khalid al-Falih

In a statement on Sunday, Saudi Arabia’s Energy Minister Khalid al-Falih said that he has invited Alexander Novak, Russia’s energy minister to meet energy ministers in Riyadh in an attempt to work with non-OPEC countries to balance...

By John Shepherd on Oct 23rd, 2016
Enbridge

The merger is forecast to produce annual cost savings of C$540 million which are expected to be delivered at the end of 2018. On Tuesday Enbridge Inc announced that it would be acquiring Spectra Energy Corp in a deal worth $28 billion to produce...

By John Shepherd on Sep 7th, 2016