Business news - 09 February 2012

Bakken production outstrips pipeline capacity

Thursday 09 February 2012 15:30

As production outstripped pipeline capacity in the Bakken shale, oil producers hit the wall and prices toppled.

Technip signs contract worth US$ 2.1 billion

Thursday 09 February 2012 10:15

French company Technip has signed a contract with Petrobras purportedly worth US$ 2.1 billion

Brent crude rises towards six month high

Thursday 09 February 2012 10:15

Brent crude prices have continued to rise towards their highest value in the last six months.

Nabucco submits Environmental Impact Assessment Report to Turkey

Thursday 09 February 2012 09:30

Following a Turkish ministry decision in 2012, Nabucco Gas Pipeline International has submitted the Environmental Impact Assessment (EIA) Report to the Turkish Ministry of Environment and Urbanization.