Gas Supply to Israel Continues

Ampal-American Israel Corporation, a holding company in the business of acquiring and managing interests in various businesses, announced today that it was advised by East Mediterranean Gas Co. (“EMG”), in which Ampal has a 12.5% interest, that this morning an explosive device was placed at a GASCO (the Egyptian gas transport company) location... 

Analysis: Stocks-oil relation looks as it did in 2008 recession

The trading pattern of the prices of stocks and crude oil looks worryingly like it did just before the last recession. Oil and equity prices rise and fall more or less in tandem when demand and economic growth expectations dictate prices. But the short-term relationship has been turned on its head in recent weeks with investors worried that political... 

Vitol, Helios and Shell Reach Agreement on African Downstream Businesses

Vitol today announced that, in partnership with Helios Investment Partners, it has agreed to purchase the majority of Shell’s shareholding in most of their downstream businesses in Africa for a total consideration of some $1 billion. Under the agreements, two new joint venture companies will assure continued availability of Shell fuels and lubricants... 

Gas Supply To Israel Interrupted Due To EGAS’s Mandatory Shut Down Procedure And Is Expected To Resume Within a Week

Ampal-American Israel Corporation, a holding company in the business of acquiring and managing interests in various businesses, announced today that it has been advised by East Mediterranean Gas Co.(“EMG”), in which Ampal has a 12.5% interest, that contrary to some media reports, EMG’s gas pipeline from El-Arish, Egypt to Ashkelon,... 

Egypt unrest may push oil above $110: Kuwait official

Global oil prices could exceed $110 a barrel if political unrest in Egypt continues, a member of Kuwait’s Supreme Petroleum Council said on Sunday. Oil prices have spiked due to tension in Egypt. Brent crude hit $100 per barrel for the first time since 2008 on fears instability could spread through the Middle East, which together with North Africa... 

S&P 500 eyes best week in nine

Stocks were headed for their best week in nine on Friday as the market defied calls for a pullback despite signs of rotation into defensive and lagging sectors that could intensify in coming weeks. Signs of improvement in the economy and strong corporate earnings have propelled stock prices but tapering volume, meager gains and declining numbers of... 

Wall Street set to open higher on earnings, M&A

U.S. stocks were set for a higher open on Monday as merger activity and solid earnings, including Exxon Mobil, overshadowed concerns about the possible spread of unrest in Egypt to other parts of the Middle East. Alpha Natural Resources said on Saturday it agreed to a $7.1 billion deal to buy Massey Energy Co, which would create the second largest... 

Reportlinker Adds Global LNG Market Trends, Outlook and Business Prospects to 2015

Reportlinker.com announces that a new market research report is available in its catalogue: Global LNG Market Trends, Outlook and Business Prospects to 2015 http://www.reportlinker.com/p0366585/Global-LNG-Market-Trends-Outlook-and-Business-Prospects-to-2015.html Report Description Global LNG industry is in a state of flux. The industry is poised to... 

Northern Offshore Appoints New Senior Vice President

Northern Offshore, Ltd. announced today that Mr. Gary L. Bauer has joined the company as Senior Vice President, Operations. Gary W. Casswell, Northern Offshore’s president and CEO, said “Gary is a welcome addition to Northern Offshore, and we are very pleased to have him join our team. His extensive experience with operations and international... 

Centriforce Technology’s Desalination Process Will Reduce Energy Requirements with Lower Environmental Impact

Centriforce Technology Corp.’s new desalination technology is designed to reduce the amount of energy needed to produce fresh water and reduce the environmental impact compared to existing technologies. Current desalination processes that convert salt or brackish water into fresh water require significant energy input and expense. Centriforce’s...