Encana goes ahead with spin-off plan

Encana Corp. has advanced its plans for spinning off a portion of its assets in Western Canada into a separate publicly traded business, to be called PrairieSky Royalty Ltd .

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GM reveals most powerful drop-top Corvette

General Motors officially unveiled what the automaker is calling the fastest convertible car it has ever produced at the New York Auto Show Tuesday.

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UPDATE 9-Brent oil rises with Ukraine tension; capped by Libya output

Reuters : US : * Coming up: API data Tuesday at 4:30 p.m. EDT

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UPDATE 2-Slovakia offers way to send Ukraine some gas if Russia cuts supply

Reuters : US : * EU could provide maybe 14 bcm of Ukraine’s annual gas use of over 50 bcm

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Cabinet approves Petroleum Exploration and Production Bill

ModernGhana : GH : Takoradi, April 15, -GNA-The Minister of Petroleum and Energy, Mr. Emmanuel Armah-Kofi Buah, on Monday announced that Cabinet has approved the Petroleum Exploration and Production Bill, and would soon be laid before Parliament.He, therefore, …

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EU struggles to unpick the knot of Russia-Ukraine gas logistics

Reuters : US : VELKE KAPUSANY Slovakia/FRANKFURT – Unprecedented talks across the European Union on Tuesday showed it scrambling for solutions on the ground to break its dependence on Russian gas and help supply Ukraine.

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Oil prices drop after Libya deal

Sky News Australia : AU : Crude oil prices have fallen slightly under pressure from signs Libya is about to resume oil exports.

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Middle East dependent on Asian oil demand

webindia123.com : IN : The Middle East is more dependent than ever on Asias energy demand, but a one-way road to ever rising revenues is not always expected for the oil-rich region, market, an expert said Tuesday.

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Safar to Highlight New Location at Showroom Exploration Event

Safar Oilfield Services is excited to announce the upcoming Showroom Exploration Event at our new facility in Aktau, Kazakhstan. Held 24-25 April from 9AM to 5PM, the event will allow you to visit our new location and drill through our extensive list of stocked oilfield products. In addition, you will [...]

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GM’s Barra: ‘We know the world is watching’

GM CEO Mary Barra announced that the automaker has created a new “global product integrity” unit to ensure that a” situation like the ignition-switch recall doesn’t happen again.”

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Minister charts Crimea potential for hydrocarbon riches

ITAR-TASS : RU : Hydrocarbon reserves in Crimea are equivalent to 47 million tons of oil and 165 million cubic meters of gas

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Will Ukraine be able to find an alternative to Gazprom?

Russia Beyond the Headlines : RU : Kyiv is proposing to purchase reverse gas deliveries from Slovakia

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Ukraine saves hundreds of billions of dollars on Russian gas discounts – Medvedev

Voice of Russia : RU : Ukraine has saved hundreds of billions of US dollars on Russian gas discounts over the years of its independence, Russian Prime Minister Dmitry Medvedev said on Tuesday. ‘We rendered large-scale and very considerable aid to Ukraine, like we did …

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Russia plans to fine international payment systems for damages

Voice of Russia : RU : Visa and Mastercard may be fined in Russia Kiev promises to pay its debts to Gazprom EU ready to push forward with new sanctions against Russia CIA’s Pakistan drone strikes carried out by US air force personnel Unmanned submarine set to search …

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Lukoil to sell off stake in Kazakh project to China’s Sinopec

Voice of Russia : RU : Lukoil is getting ready to sell off its stake in a Kazakh project to China’s Sinopec. Russia’s number two oil producer has settled on an agreement to allow for all of its’ 50 percent share to be sold off to the Asian firm that [...]

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