Image - Russias Lukoil Sells Filling Stations in Ukraine

Russia's Lukoil Sells Filling Stations in Ukraine

Russia's Lukoil said Thursday it had reached preliminary agreement to sell its network of filling stations in Ukraine, days after radical nationalists there tried to extort fuel from the company. The price for the sale of the roughly 240 filling stations and six petroleum tank farms to Austria's AMIC Energy Management GmbH was not disclosed. "The sale of the filling station network and petroleum tank farms in Ukraine to AM...

Oil and Gas - Jul 31, 2014


Image - Eni: Discovery of Gas and Condensates in Offshore Gabon

Eni: Discovery of Gas and Condensates in Offshore Gabon

Eni has made an important gas and condensates discovery in the Nyonie Deep exploration prospect located in block D4, approximately 13 kilometers from the coast of Gabon and 50 kilometers from the capital city Libreville. Preliminary estimates suggest the new gas discovery is significant, with initial potential in place estimated at 500 million boe. The discovery was made in the pre-salt of Gabon through the NFW Nyonie Deep 1 well, which wa...

Oil and Gas - Exploration - Jul 31, 2014


Image - Shell Says Q2 Net Profits Triple to $5.307bn

Shell Says Q2 Net Profits Triple to $5.307bn

Anglo-Dutch oil giant Royal Dutch Shell said Thursday that net profits more than tripled in the second quarter, boosted by asset sales and higher oil prices. Earnings after taxation soared by 206 percent to $5.307 billion (3.961 billion euros) in the three months to June compared with $1.737 billion in the same part of 2013, Shell said in a results statement, adding it has completed $8.0 billion of assets so far this year. "We are...

Oil and Gas - Jul 31, 2014