Oil prices ended last week with moderate rises after the turbulent they have endured during the previous week. It’s currently not clear yet what were the damages to the East Coast infrastructure due to Hurricane Irene including the oil and natural gas pipelines
Colin Bradbury, regional chief strategist at Daiwa Capital Markets, is bullish on China’s oil and gas sector. He explains why to CNBC’s Oriel Morrison. He also analyzes the country’s latest buying spree in the energy space.
Medical device executives say regulation by the Food and Drug Administration has hurt the industry domestically.
The companies in some ways have fallen behind rivals like Apple and Google, and analysts say closing the gap will be difficult.
China’s biggest oil and gas producer agreed to pay $5.4 billion for a 50 percent stake in Encana’s shale natural gas project.
A British journalist who was expelled from Russia over the weekend is considering an offer to receive a new visa and return to work in Moscow, his newspaper said Wednesday.
Oil production for 2011 will be around or slightly below the production level of 2010, Helge Lund, CEO of Statoil, told CNBC. “Long term I think the oil and gas industry will continue to work hard in order to bring forward enough supply to meet the anticipated increased amount from Asia and other parts of the world,” said Lund.
will buy its rival Pride International for about $7.3 billion in a deal that would create the world’s second-largest offshore oil and gas driller, according to the companies.
Europe’s biggest oil company credited higher oil and gas prices as well as investments in new projects that were starting to pay off.
Facebook, Twitter and other Web sites were used to rally several thousand demonstrators in at least four locations in Khartoum and Omdurman.
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