Energy Sector

SEC Upgrades Reporting Requisites Of Oil And Gas Companies

Taking the technological advances into account, the US Securities and Exchange Commission has modernized its reporting prerequisites of oil and gas companies, thereby helping investors to assess the companies better while making investments.

FMC Technologies acquires 45% stake in Schilling Robotics for $116 million

FMC Technologies, a leading global provider of technology solutions for the energy industry along with Schilling Robotics has entered into a definitive agreement whereby FMC Technologies will acquire a 45% interest in latter for $116 million.

Shell unit inks ‘Purchase Agreement’ to acquire Enspire Energy

Shell Energy North America, a subsidiary of Shell Oil Company, has entered into a purchase agreement to buy the assets of Enspire Energy, LLC, a Virginia-based energy marketing company that serves customers throughout the Mid-Atlantic United States.

OPEC oil price hits lowest point for four years

Vienna - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) hit its lowest point for four years, the organization's secretariat in Vienna reported Wednesday.

One barrel (159 litres) of OPEC-produced crude oil stood at 34.49 dollars on Tuesday, down from 36.92 dollars at the start of the week, the cartel said.

OPEC oil price inches below 37 dollars

OPEC oil price inches below 37 dollarsVienna - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) slid to 36.92 dollars Monday, just above this year's record low price, which was set earlier this month.

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