UK oil giant BP is planning to slash 4,000 jobs internationally due to declining profits as a result of oil price collapse.
read more... 14/01/2016
Russia's Gazprom Neft, the oil division of major global gas producer Gazprom, has stopped negotiations to purchase a 49 percent stake in the operator of Vietnam's sole oil refinery, as indicated in a business report of the state-owned oil firm PetroVietnam seen by Reuters on Monday.
read more... 11/01/2016
Britain’s oil and gas fields have boosted production for the first time in more than 15 years, according to UK’s government statistics.
read more... 05/01/2016
World’s largest oil and gas producers are facing the toughest period of spending cuts in decades, as crude prices are at 11-year lows.
read more... 04/01/2016
Moody’s sharply curbed its oil price for 2016 by $10 a barrel due to continued oversupply, which may be spurred by the lifting of sanctions against Iran.
read more... 16/12/2015