Oil Prices | Egypt Oil & Gas - Part 30
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. The Glasgow-based engineer, which manufactures valves and pumping ...
IMF Forecasts Lower Prices to Hurt Africa’s Oil producers
Lower oil prices will reduce growth in sub-Saharan Africa’s major petroleum producing countries and push governments to implement significant policy adjustments, the International Monetary Fund said on Tuesday. ...
Qatar Milaha Riding Stormy Seas of Oil Profits, Prices
Qatar Navigation (Milaha) warned of a challenging 2015 as conditions in its offshore business remained weak and its investment business was exposed to instability in local equity markets. The shipping firm made the fo...
Venezuela Teaming Up with Foreign Partners to Target US Market, Oil Prices
Algeria’s Sonatrach and Venezuela’s PDVSA would target the US as a market for the two countries’ potential new blend of crude oil, a source at the state-owned Algeria company said Monday, as the two ...
Global Demand Responsible for Saudi Over-Production, Official Says
Saudi Arabia’s high crude oil production policy is based on the status of global demand and the top oil exporter is keen to maintain its market share, the kingdom’s deputy oil minister said on Monday. Spea...
BP Balancing Act Maintains Profits in Face of Oil Price Plunge
BP Plc, Europe’s second-biggest oil company, reported first-quarter profit that beat analysts’ estimates as earnings from refining and trading offset lower crude prices. Profit adjusted for one-time items and inventor...
Shale and Oil Majors Feel Pinch of Oil Prices, Say Analysts
Oil majors may need deeper cuts to oil and gas exploration and production spending as they grapple with an extended period of low crude prices. The industry is expected to reveal another set of grim earnings for the f...
Oil Prices, Brain Drain Catch Up with GCC Consulting Market
The GCC consulting market grew by more than 15% to $2.5 billion in 2014. This means the market has expanded by more than billion in just three years, an amount that is roughly equivalent to that of the entire consulti...
