News / International
Job Cuts, Profit Losses Hit Oil Sands Industry in Canada
Suncor Energy Inc., Canada’s largest oil company, reported a first-quarter loss after crude prices plunged to the lowest since 2009.
Oil Prices Prompt Further Layoffs at Weir Group
Weir Group is to cut a further 125 oil and gas jobs in North America as the FTSE 100 engineer continues to feel the pain from the slump in oil prices.
Newly Formed Marsol Subsidiary to Open Office in Fujairah
Marsol International, a Dubai-based global marine solutions provider, has launched a new subsidiary, Marsol Oil & Gas Services, which will operate from a new office facility in the Port of Fujairah.
Rising Oil Prices Add Pressure to Shell-BG Deal
Rising oil prices are putting Royal Dutch Shell under pressure to execute its landmark $70 billion deal to buy rival BG as soon as possible before investors in BG start to take a more critical look at the terms.
CNPC Oil Deal Offsets Price Drop in Chad
Chad will receive a larger share of royalties in a new deal with China National Petroleum Corp., helping offset revenue losses from lower oil prices, Petroleum Minister Djerassem Le Bemadjiel said.
Aramco Official Becomes New Saudi Health Minister
Saudi King Salman appointed Saudi Aramco's chief executive as chairman of the state oil firm and health minister on Wednesday, in a reshuffle that is unlikely to change oil policy in the world's top crude exporter.
Technip and Unico Contract to Upgrade Basra Refinery
Technip, in partnership with Unico, a Japanese engineering consultant, has been awarded a project management consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery
Libyan Chaos Threatens More Oilfields and Exports to Italy
Libyan protesters have shut down an eastern gas field and threaten to close the western Wafa oil and gas field, which would stop gas exports to Italy, a spokesman for state oil firm NOC said on Wednesday.
