Posts Tagged ‘action’

More corrosion found on Troll C

by on November 16, 2012 1:17 pm BST
It will be "a few days" before the Norwegian oil major is even able to give an estimate as to how long production will remain shut in at the Troll C facility following the earlier corrosion discovery.Statoil revealed on Thursday that it had halted production at the semi-submersible

Mexico energy reform may stumble in Congress

by on November 9, 2012 5:51 pm BST
President-elect Enrique Pena Nieto wants to shake up the sector by opening up state oil monopoly Pemex to more private investment, hoping it will help boost production.But as a feisty debate in Congress over a labor reform bill has shown, Pena Nieto may struggle in a divided Congress

UPDATE 1-UK adds stimulus through change to BoE QE payments

by on November 9, 2012 12:41 pm BST
Fri Nov 9, 2012 7:41am EST By David Milliken and Sven EgenterLONDON Nov 9 (Reuters) - Britain's finance ministry said on Friday it would use revenue from the Bank of England's bond-buying programme to reduce short-term debt issuance, a move the BoE said equated to a small loosening in monetary policy.Until

Chevron declares Kuito force majeure

by on November 2, 2012 4:42 pm BST
The company, which operates the terminal through its Angolan subsidiary, Cabinda Gulf Oil, said it does not expect a production hit from the work ahead."The Kuito operation is currently undergoing a planned turnaround, and we do not anticipate any resulting production impacts from this action," the company said