News
Bank of England keeps rates and QE policy steady
January 16, 2012
Much as expected the BoE kept rates at records lows and quantitative easing steady at £275BN, due to better than expected growth in Construction and manufacturing industries, both leading indicators of a modest, though positive growth quarter on quarter. Click [...]
Just because you can doesn’t mean you should
December 16, 2011
Bill Taylor blogs that “just because you can, doesn’t mean you should” drawing this as the key lesson from a brief decision implemented by Bank of America earlier in the year to charge their customers a monthly fee for using [...]
Pay gap a $740bn threat to US recovery
December 16, 2011
Robin Harding discusses a change in corporate behaviour that is contributing to even further increases in the gap between the “rich” and the “working classes” in the US and other industrial economies. Historically, labour share has increased and profits decreased when [...]
Kazakhstan buys into Karachaganak field
December 16, 2011
Kazakhstan bought a 10 % stake in one of the country’s largest oil projects. The $1 billion deal marks the culmination of the Central Asian nation’s drive to secure a share in the Karachaganak project — the country’s only major [...]
TNK-BP signs Yamal pipeline pact
December 16, 2011
TNK-BP will invest up to $10 billion in Arctic oilfield development and construction of a pipeline. Russia is desperate to tap new hydrocarbon resources at the Arctic and East Siberia as its traditional deposits in the West Siberia hinterland are [...]
Unilever faces strike over pensions
November 28, 2011
This week pensions and employers contributions to these are very much in the news, not only due to what is currently happening in the public sector in the UK but also because there may be an equivalent strike at Unilever, [...]
Lukoil looks to Vietnam
November 28, 2011
LUKOIL said it would partner with Vietnam’s Petrovietnam in exploring oil and gas at home and abroad. The Russian firm signed a memorandum of understanding with Vietnam’s state oil and gas group.The Russian group and Petrovietnam would share information on [...]
Shell pen poised for Iraq gas deal
November 28, 2011
On November, 27th Iraq is expected to sign the final $17 billion deal with Royal Dutch Shell and Mitsubishi to capture flared gas. The Shell deal is one of the largest agreements signed with a foreign energy company by Iraq [...]
Shell sights on less developed shale oil
November 3, 2011
Marvin Odum, Head of Shell’s Americas operations, said that Royal Dutch Shell is “very interested” in onshore U.S. shale oil, but the company is focusing on less developed plays to bypass the pricey competitive rush for more established acreage. [...]
HRT seals $1bn TNK-BP deal
November 3, 2011
HRT agreed to sell a 45% stake in 21 Amazon oil blocks to TNK-BP for $1 billion. The deal represents a step forward in TNK-BP’s expansion beyond Russia, where the state has curbed private company access to promising offshore [...]
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