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Oil

BUSINESS

Shell posts €18.6bn profit haul for 2018

Digital Desk -
Royal Dutch Shell has notched up a 36% hike in annual earnings thanks to higher oil prices. The blue chip giant posted underlying earnings of 21.4...
NEWS

‘Very comfortable’ Qatar says it can withstand pressure ‘forever’ amid crisis

Digital Desk -
Qatar has said it is "very comfortable" and can survive the economic and diplomatic steps its neighbours have taken to pressure it "forever". The country...
AFRICA

Nigeria seizes oil bloc amid Shell and ENI corruption probe

Digital Desk -
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...
NEWS

Barack Obama announces permanent Arctic Ocean oil drilling ban

Digital Desk -
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...
BUSINESS

BP signs oil deal with Abu Dhabi worth $2.22bn

Digital Desk -
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...
BUSINESS

BP signs oil deal with Abu Dhabi worth $2.22bn

Digital Desk -
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...
ENVIRONMENT

Obama blocks new oil and gas drilling in Arctic Ocean

Digital Desk -
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...
NEWS

Refloated oil rig arrives at temporary location for damage inspection

Digital Desk -
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...
BUSINESS

Low oil price sees BP profits plunge 44%

Digital Desk -
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...
BUSINESS

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

Digital Desk -
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...
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