Investment & finance

Russia

A long-running oil dispute between Russia and Belarus has for the first time threatened to disrupt supplies to Europe. Belarus will start taking crude from its transit pipeline if shipments from Russia are below the agreed 2 million tons this month, state news agency Belta reported Friday, citing President Alexander Lukashenko. That could jeopardize Russian …

RockRose Energy

RockRose Energy has signed a sales and purchase agreement (SPA) to acquire a 100% of the equity of Speedwell Energy, the holder of 100% interest in the Cotton gas field in the UK sector of the Southern North Sea. RockRose said on Tuesday that the acquisition is for a limited initial consideration, with the larger …

Zenith Norway

Canadian oil and gas company Zenith Energy has established a fully owned Norwegian subsidiary, Zenith Norway.  Zenith said on Thursday it intends to use Zenith Norway as a vehicle for intended participation in future licensing bids to be organized by the Norwegian Ministry of Petroleum and Energy, as well as to actively pursue the potential …

China

Oil tumbled to the lowest in more than three months on fears China’s deadly coronavirus will hit demand in a market that already has plentiful supply. Futures plunged more than 3% as China reported an increase in fatalities and infections. While the country extended the Lunar New Year holiday to control the outbreak, more cases …

carbon

Microsoft Corp. unveiled plans to invest $1 billion to back companies and organizations working on technologies to remove or reduce carbon from the earth’s atmosphere, saying efforts to merely emit less carbon aren’t enough to prevent catastrophic climate change. The company’s Climate Innovation Fund will provide money over the next four years for equity investments, …

Nicholls Transport

Nicholls Transport has opened an LNG refuelling station at its Kent, UK base. Opened together with Gasrec, the station will be used to support an initial order for 10 Stralis NP 460 6×2 tractor units from local dealer Haynes Trucks. Nicholls follows a steady line of major own-account and 3PL fleets in embracing a cleaner …