Former Russian finance minister tells Rosneft to keep hands off $44B from rainy day fund
For Rosneft, the timing of the economic sanctions against Russia couldn’t have been worse: the company has to repay almost $30 billion in loans by the end of the next year, debt racked up in the 2013 purchase of competitor TNK-BP. More »
Dutch to test solar panels on bicycle path
The path is built of massive, Lego-like modules of solar panels embedded in concrete. More »
Russia, China add to $400 billion gas deal with accord
Russian oil firm OAO Gazprom is negotiating the supply of as much as 30 billion cubic meters of gas annually from developments in West Siberia to China over 30 years. More »
Statoil projects big returns from massive North Sea oil field
The Norwegian oil conglomerate estimates the field could generate as much as 650,000 barrels of oil per day. More »
Shell says lower oil prices could affect pace in Permian
European oil giant Royal Dutch Shell saw its profits slide 4.6 percent in the third quarter as it began to feel the dip in crude oil prices. More »
Statoil suffers first loss on oil-sands project, crude drop
Statoil ASA, Norway’s biggest energy company, reported its first quarterly loss since listing in 2001 after writing down the value of an oil-sands project in Canada and struggling with plunging crude prices. More »
Total’s Pouyanne sticks to cost-cutting as profit falls
Patrick Pouyanne, who was named to succeed de Margerie last week, plans to “hit the road” to visit contacts in the oil industry and in several resource-rich countries More »
BP CFO: $70 oil would threaten Big Oil projects
The Big Oil industry’s prized projects won’t face major cuts unless oil prices fall below $70 a barrel, BP’s chief financial officer told investors on Tuesday. More »
President, French elite honor late Total CEO
Total Chief Executive Christophe de Margerie’s cherubic demeanor made him known and appreciated by many French. More »
EU reaches deal to cut greenhouse gas emissions
The decision makes the EU the first major economy to set post-2020 emissions targets ahead of a global climate pact that is supposed to be adopted next year in Paris. More »
Coal-rich Poland ready to block EU climate deal
Poland says that EU’s proposed pace for increasing reliance on renewable energy sources is too fast for Eastern European countries that are trying to grow their economies as they restructure old, energy-dependent industries. More »
Total acts swiftly to replace CEO killed in crash
Barely 36 hours after de Margerie’s death, Total’s board chose its new leader at a board meeting Wednesday. More »
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