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…
Ukraine To Resume Gas Purchases From Russia This Fall On September 25, Russia, Ukraine and the European Commission (EC), which has been acting as a mediator in the energy talks between Moscow and Kyiv, agreed on new terms for Russian gas deliveries to Ukraine from October 2015 until March 2016. EC Vice President Maros Sefcovic…