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Malaysian Banks Brace For Profit Hits As O&G Firms Restructure Debt
Malaysian lenders are bracing for a hit to profits this year as they bump up provisions for sour loans to the local oil and gas services sector that has been battered by the slump in energy prices and cutbacks in projects.
By : Reuters | A. Ananthalakshmi & Liz Lee | Additional reporting by Saeed Azhar I Editing by Edwina Gibbs | October 03, 2016
As Rivals Circle, Japan Boosting Firepower To Buy Global Energy Assets
Japan plans to rush through a bill to provide more financial muscle for its companies to compete for global energy assets, just as other resource-hungry Asian economies such as China and India are also looking to snap up depressed oil assets.
By : Reuters | Yuka Obayashi l Editing by Ed Davies | October 03, 2016
Oil Industry Welcomes Indonesia's Tax Reform, But Says It's Not Enough
Indonesia's removal of taxes on oil and gas explorers is a good first step, but more is needed to lure investment from companies that have cut budgets and laid off staff after a precipitous plunge in prices, industry analysts said on Friday.
By : Reuters | Reporting by Florence Tan. Additional reporting by Wilda Asmarini l Editing by Bill Tarrant | October 03, 2016
India Set To Buy Iran Oil For Emergency Reserves
India is set to buy 6 million barrels of Iranian crude for its strategic oil reserves as negotiations with the United Arab Emirates' national oil company for supplies are stuck over commercial terms, industry sources said.
By : Reuters | Nidhi Verma | October 03, 2016
Chevron Starts Natural Gas Production From Two New Wells In Bangladesh
Chevron has started producing gas from two new wells in the Bangladeshi state of Sylhet, aimed at easing the country's chronic energy shortages.
By : Reuters - Reporting by Serajul Quadir l Editing by Louise Heavens | August 11, 2016
Oil Ends Higher in Choppy Trade Ahead of Britain's EU Vote
Oil prices closed 2 percent higher after a volatile session on Thursday, with investors less worried about prospects for the global economy after the last pre-vote opinion polls showed Britain was likely to remain in the European Union.
By : Reuters, Barani Krishnan | July 06, 2016
Oil Jumps on Pre-holiday Buying, Brent Up 4% on Week
Oil prices surged on Friday, and Brent crude posted its largest weekly gain since mid May, as investors positioned for the start of third quarter trading while a weaker dollar boosted prices of most commodities.
By : Reuters, Barani Krishnan | July 06, 2016
Petrobras' Indian Partners Fight Delay In Troubled Brazil Oil Project
Petrobras warns its Indian partners in a huge offshore project to not expect oil from the site until 2022, according to sources.
By : Reuters, Jeb Blount & Nidhi Verma | July 06, 2016
Indonesia's Pertamina To Sign First Upstream Deal With Iran
Indonesia's state energy company Pertamina will sign a deal to purchase a stake in an oil and gas block in Iran within a week, an official at Indonesia's energy ministry said.
By : Reuters, Wilda Asmarini| | July 06, 2016
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