Royal Dutch Shell Plans to Limit Spending

• Wednesday, 8th June 2016
• by Egypt Oil & Gas

Oil giant Royal Dutch Shell plans to increase cost savings to $4.5b following its $54b acquisition last February of BG Group, which Chief Executive Officer, Ben van Beurden, said will make it the best oil company inv ...

Brazil’s Petrobras Reduces Costs Affecting Up to 12,000 Jobs

• Monday, 4th April 2016
• by Egypt Oil & Gas

Brazil’s troubled state-run oil company Petrobras announced a beefed up voluntary layoff program that could affect up to 12,000 jobs amid intense efforts to cut costs.

Eni Plans $14b in Cost Cuts, Asset Sales

• Sunday, 20th March 2016
• by Egypt Oil & Gas

Eni plans to cut investments and sell down stakes to help it prop up dividends. Company's CEO said the disposals will be mainly through the dilution of stakes in recent discoveries, picking out gas fields in Mozambiq ...

Oil Prices, Post-Sanction Iran Prompt GCC Maintenance Cost Cutting

• Wednesday, 4th November 2015
• by Egypt Oil & Gas

Gulf oil producers are delaying some field maintenance until next year to keep production high and reduce costs, forecasting weaker oil prices in 2016.

Brazil’s Petrobras Braces for Strikes

• Sunday, 6th September 2015
• by Egypt Oil & Gas

The largest oil workers union in Brazil has announced that it will begin a strike against Petrobras on Sunday, Asia Shipping Media

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