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Thursday, January 27, 2022
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Nigeria seizes oil bloc amid Shell and ENI corruption probe

Nigeria is seizing one of Africa's richest oil blocs and could prosecute petroleum giants Shell and Eni over a corruption scandal, court documents show. The...

Barack Obama announces permanent Arctic Ocean oil drilling ban

President Barack Obama has imposed a permanent ban on oil and gas drilling in most US-owned waters in the Arctic Ocean. The move, which also...

BP signs oil deal with Abu Dhabi worth $2.22bn

Oil giant BP PLC has agreed to an onshore oil deal with Abu Dhabi worth $2.22 billion following years of negotiations. The deal - signed...

BP signs oil deal with Abu Dhabi worth $2.22bn

Oil giant BP PLC has agreed to an onshore oil deal with Abu Dhabi worth $2.22 billion following years of negotiations. The deal - signed...

Obama blocks new oil and gas drilling in Arctic Ocean

The Obama administration has blocked new oil and gas drilling in the Arctic Ocean. The move handed a victory to environmentalists who say industrial activity...

Refloated oil rig arrives at temporary location for damage inspection

A 17,000-tonne oil rig that ran aground in the Outer Hebrides and was later refloated has completed its 54-mile journey to a temporary location...

Low oil price sees BP profits plunge 44%

Profits at oil giant BP plunged 44% to US$720m in the second quarter. The slump in underlying replacement cost profit, the benchmark industry measure, comes...

Shell to cut further 2,200 jobs from global workforce as oil price remains low

Oil giant Shell has said it will slash a further 2,200 jobs from its global workforce as it expects the oil price to remain...

Oil price fall hits London shares

The London market opened on the back foot weighed by miners and a drop in the oil price. The FTSE 100 Index fell 43.8 points...

US government seeks to block oil giants’ merger

The US justice department is suing to stop Halliburton from buying oilfield-services rival Baker Hughes - the latest effort by the Obama administration to...

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