Countries and Oil Companies Agree to End Routine Gas Flaring April 21, 2015 // 1 Comment WASHINGTON D.C – Chief executives from major oil companies joined together today with senior government officials from [...]
BP oil spill claim pay-outs top $5 billion: 5 numbers to know April 20, 2015 // 4 Comments The administrator running the BP oil spill settlement says more than $5 billion has been paid to people and businesses [...]
Falling oil prices to benefit Indonesia’s biodiesel subsidy April 20, 2015 // 3 Comments The narrowing gap between Brent crude oil prices and palm oil will benefit Indonesia’s subsidy for biodiesel. According to [...]
U.S. oil rig count the lowest since 2010: Baker Hughes April 20, 2015 // 0 Comments The oil rig count in the US is at its lowest since 2010, and this could be due to a decline in crude prices which causes the [...]
MLV & Co. cuts staff as falling oil prices threatens business April 20, 2015 // 1 Comment One boutique investment bank is feeling the pinch from declining oil prices. According to sources, MLV & Co. plans to [...]
Banks now put-up stricter guidelines for oil and gas companies April 17, 2015 // 2 Comments Bank lenders are now stricter when it comes to lending money to energy companies. In recent months, [...]
Schlumberger to cut another 11, 000 workers April 17, 2015 // 4 Comments HOUSTON – 11, 000 more workers of oil field services firm Schlumberger will be chopped as the company deals with low oil [...]
India waits for Malaysia and Thailand to scrap its export tax before importing palm oil April 17, 2015 // 4 Comments KUALA LUMPUR – Malaysia’s move to scrap its crude palm oil export tax in May will likely prompt India and China, the [...]
OPEC production rises; oil prices fall April 17, 2015 // 0 Comments SINGAPORE – Oil prices fell following OPEC’s announcement that its output surged in March. The Organization of the [...]
Carso Oil & Gas, merging two energy units, to be created April 16, 2015 // 3 Comments Two energy units owned by billionaire Carlos Sim will be merged, Shareholders of the subsidiaries voted in February to merge [...]