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Statoil says normal operations at In Amenas gas plant resuming OSLO: Normal operations are resuming at the In Amenas gas plant in Algeria 18 months after a raid by militants killed forty employees, one of the plant's operators, Statoil, said on Monday. "The corporate executive committee has decided that ordinary rotation is to be resumed at the plant as all defined security measures have been implemented," Statoil said in a statement. The plant is operated by BP, Statoil and Algeria's Sonatrach.Copyright Reuters, 2014 ...
Brent rises on Ukraine crisis but heads for monthly fall LONDON: Brent crude oil prices rose towards $103 a barrel on Friday as escalating violence in Ukraine kept Europe's markets on edge, but prices were still on track for a monthly loss as ample supply and weak demand outweighed political concerns. The European benchmark oil contract had plunged over 12 percent from a nine-month high in June to a 14-month low last week as weak demand led to an oil supply glut. Prices rose on ...
Neste Oil cuts profit outlook due to refinery damage HELSINKI: Finland's Neste Oil on Friday cut its profit outlook for the full year due to previously announced hydrogen plant damage at its Porvoo refinery.Neste said it had reduced output and shut down one diesel production line at the refinery, adding that the total impact to operating profit would be about 60 million euros ($79 million) this year.The company said it now expects comparable operating profit for 2014 to be below 400 million euros.It had ...
Oil climbs on Ukraine tensions, bright US data LONDON: Global oil prices rose on Friday, supported by renewed Russia-Ukraine tensions and bright US economic growth data, analysts said.Brent North Sea crude for October added 42 cents to $102.88 per barrel in midday London deals.US benchmark West Texas Intermediate for October delivery gained 57 cents to $95.12 a barrel.Ukraine and the West said on Thursday that Russian troops are actively involved supporting pro-Kremlin separatists who have been fighting against Kiev's rule since April. NATO ...
UK gas prompt prices rise on undersupplied system LONDON: Prompt natural gas prices in Britain rose on Thursday morning as a dip in supplies from from Norway left the system undersupplied.Prices for within-day delivery were trading at 43.90 pence per therm at 0853 GMT, up 0.70 pence since their last settlement. Prices for delivery on Friday were also up 0.70 pence at 43.70 pence per therm.Traders said demand for gas from power generators is high due to outages at nuclear plants in Britain ...


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