Heads of three oil giants replaced May 5, 2015 // 2 Comments SHANGHAI – ggest energy companies, the firms said in separate statements, as speculation mounts over reforms to the [...]
Oil & Gas Industry Outlook – Spring 2015 April 30, 2015 // 1 Comment Crude prices posted 46% annual loss in 2014; the biggest yearly fall since 2008. Such was the ferocity of the crash that [...]
Weir Group cuts cost as price of oil hit them hard April 30, 2015 // 3 Comments Engineering giant Weir Group is to implement further cost-cutting measures, including job losses, after a sharp fall in [...]
Govt clears air on testing method for oil, gas finds April 30, 2015 // 1 Comment The government on Wednesday approved a clear policy for testing oil and gas flows to determine commercial viability of [...]
ONGC makes important discovery at Krishna Godavari basin April 30, 2015 // 0 Comments NEW DELHI – State-owned Oil and Natural Gas Corp (ONGC) on Wednesday said it has made another significant oil and gas [...]
European Chemical Producers profitable for now April 29, 2015 // 5 Comments HOUSTON – Crude oil price swings in recent months, combined with a devalued euro, have created a volatile, but [...]
Fossil fuel industry must change profoundly, says former Shell boss April 29, 2015 // 0 Comments The former chairman of Shell UK has argued the entire oil and gas industry needs to “strengthen its voice” in its [...]
Leaked oil in Tauranga Harbour came from Mobil pipeline April 29, 2015 // 1 Comment Heavy fuel oil spilled from a ship bunkering at the Port of Tauranga has washed up along the shores of the city’s [...]
Oil supply glut snuffs early rally on Mideast tension, dollar April 29, 2015 // 1 Comment NEW YORK – Oil prices remained under pressure on Tuesday, with Brent settling lower and U.S. crude near flat, as [...]
Refining helps BP and Total weather oil price storm April 29, 2015 // 1 Comment Large oil companies have closed down dozens of refineries in the past few years due to overcapacity. BP and Total reported [...]