What The Brexit Result Means For The UK Oil And Gas Industry
David Cameron, Brexit Britain has woken up this morning to the news that it will be leaving the European Union. The decision, won by a majority of just four percent, Continue Reading
BP says to keep UK headquarters despite British EU exit vote
Oil major BP said on Friday its headquarters would remain in the United Kingdom, despite Britain voting to leave the European Union. “It is far too early to understand the Continue Reading
Energy services company Subsea 7 trims payroll
British energy services company Subsea 7 said it was trimming its labor force by more than 1,000 in an effort to adjust to the era of lower oil prices. The Continue Reading
Shell’s Ambitious Plan To Topple Exxon
Shell Rig Ben Van Beurden, Chief Executive Officer of Royal Dutch Shell has laid out an ambitious plan to overtake ExxonMobil as the number one oil company in the world. Continue Reading
Oil Bust Pushes Producers Together to Make Cost Cutting Count
The biggest oil-industry downturn in a generation has companies collaborating in ways they never thought possible. In this global effort, one of the world’s most expensive oil regions intends to Continue Reading
BP Can Keep Reduced Spending Level for Another 3 Years, CEO Says
BP Plc can keep spending at a reduced rate of about $17 billion for another three years without affecting growth, Chief Executive Officer Bob Dudley said. The explorer has enough Continue Reading
London traders brace for biggest night since ‘Black Wednesday’
The world’s biggest banks including Citi and Goldman Sachs will draft in senior traders to work through the night following Britain’s referendum on EU membership, set to be among the Continue Reading
Opposition to British fracking plans swells
A British environmental advocacy group said more than 150,000 signatures were added to a petition sent to the government against hydraulic fracturing plans. “Fracking poses risks to people and the Continue Reading
Germany warns Brexit could lead to EU ‘disintegration’
If the UK votes to leave the EU next week, the move could ultimately lead to the bloc’s disintegration, Germany’s foreign minister has warned. Frank-Walter Steinmeier was speaking near Berlin Continue Reading
Shell And Gazprom Set To Sign A Deal On LNG Development In The Baltic
Shell has plans to ink a deal with the Russian gas company Gazprom sometime this week. The deal is related to Gazprom’s plan to begin a liquefied natural gas project Continue Reading