These are features of Oil and gas, industrial and other relevant news
Ecopetrol to Concentrate on Oil and Gas while Freeport-McMoRan wants to exit, this signals varying corporate reactions to the slump in crude oil price.  Ecopetrol SA, Colombia’s state-controlled oil producer, has taken initial steps toward the sale of a plastics unit, the move is part of the Bogota-based company’s strategy to divest non-core assets…
Oil and Gas Market Now a Headache for Helicopter Industry The downturn in the offshore oil-and-gas market remains a prominent concern for the helicopter industry, the leaders of which are puzzling over the evolution of demand in the segment. “I am not sure I can put a number on the decline. Minus 30 percent might…
Russian Billionaire plans to Invest 1$ Billion in Norway Oil and Gas after a UK Snub LetterOne, the investment vehicle led by Russian billionaire Mikhail Fridman, is in talks to buy stakes in Norwegian North Sea oil and gas assets owned by Eon, according to reports. The $1bn deal comes just months after LetterOne was…
Shell’s Arctic Exploration Halt could harm Alaskan Economy Royal Dutch Shell Plc’s decision last week to walk away from its $7 billion drilling effort in the Alaska Arctic could have a negative impact on the state’s already struggling economy, Moody’s said in a note released on Oct. 5. Although the exploration and drilling would have…