Weather New York, NY +69°F

BP Plc

Diesel Price Drops Below One Euro

Oil price drop to $30 per barrel as Iran begin delivery to Europe

The price of the oil dropped once again to $30 per barrel after Iran delivered its first shipment to Europe. This fall is seen as a boon for some nations while it is considered as a disaster for others.

Read Full Article
BP To Cut 3000 Jobs As Earnings Plunge

BP widens natural gas project in Oman

BP enters into an agreement with Oman government to widen the license area of Block 61. The company strengthens its commitment in Oman with a view to broadening its business in the country.

Read Full Article
Invest in Africa/AFC Sunderland Event

Tullow Oil Plc Expects a Revenue of $1.6 Bln for 2015, 28% lower than 2014

Oil explorer Tullow expects to report revenue of $1.6 billion for the year 2015. The company also anticipates its impairment charges to be $0.9 billion for the full year.

Read Full Article
Exxon Mobil Corp

Major oil firms have biggest war chests for takeovers

The continuous oil price fall is one side of the coin. The other side is showing rosy picture as six major oil companies have more than enough funds to snap up competitors. It's estimated that world's top six listed oil companies have over $0.5 trillion in stocks and cash enough to fund takeovers plans. ExxonMobil lead the pack, while Chevron, BP Plc, Shell, ConocoPhillips and Total are in the top-six positions.

Read Full Article
Workers' Strike

Marathon Catlettsburg refinery workers OK new pact

Hourly workers represented by the United Steelworkers union (USW) at Marathon Petroleum Corp's Catlettsburg, Kentucky, refinery voted on Friday to approve a new contract, ending a two-month work stoppage, a company spokesman said.

Read Full Article
Workers' Strike

U.S. refinery strike widens to include nation's largest refinery

The U.S. refinery strike widened as workers at the nation's largest refinery walked off their jobs at 12 a.m. CST (0600 GMT) on Saturday, according to the United Steelworkers union (USW).

Read Full Article
Workers' Strike

Managers bunk down at U.S. refineries as strike enters third week

U.S. oil refinery managers are going to the mats, literally, during the biggest fight with union workers in 35 years, bedding down for a third strike week that experts and some employees say raises concerns over safety and operations.

Read Full Article
Oil refinery

Union says U.S. refinery strike widened; cites unfair labor practices

The United Steelworkers union said on Saturday the strike by U.S. refinery workers is expanding to two more plants early on Sunday due to unfair labor practices by oil companies.

Read Full Article
Oil refinery

U.S. refinery workers, oil firms start talks for new contract

Union and oil company negotiators began talks on Wednesday for a new nationwide contract covering hourly workers at 63 U.S. refineries that account for 64 percent of national refining capacity, according to a union spokeswoman.

Read Full Article
Oilfield

ValueAct buys 5.1 percent stake in Baker Hughes

Activist hedge fund ValueAct Capital disclosed a 5.1 percent stake in Baker Hughes Inc (BHI.N), the world's No. 3 oilfield services company that has agreed to be bought by bigger rival Halliburton Co (HAL.N) for $35 billion in cash and stock.

Read Full Article
SandRidge Energy Inc

Doubts return at SandRidge a year after CEO ousted by investors

In June 2013, activist investors got the board of SandRidge Energy Inc (SD.N) to fire its CEO Tom Ward, arguing that he had mismanaged the Oklahoma City company and destroyed billions in shareholder value.

Read Full Article
US Oil Drill

BP ruling raises liability stakes for high-risk industries

A U.S. court ruling that dramatically ramped up BP Plc's potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but also for other industries like mining and nuclear power generation.

Read Full Article
Royal Dutch Shell PLC

Shell, BP mulling over sale of oil refineries, petrol stations in Australia

Petroleum companies Royal Dutch Shell and BP are reportedly looking to sell its oil refineries and petrol stations in Australia to generate cash for their energy production business segments. Chevron Corp. reportedly may follow suit and exit its service stations in the country.

Read Full Article
Statoil ASA

Statoil invests in Azerbaijan gas field, sells project stake

Norway-based oil company Statoil ASA (STO) said on Tuesday it has decided to invest in the Shah Deniz gas field development in Azerbaijan, together with its consortium partners.

Read Full Article
BP PLC

BP inks $16 billion tight gas project deal in Oman

Reuters said in its report that Britain's BP PLC has closed a $16 billion deal to develop Oman's Khazzan tight gas project. Construction of the tight gas project is expected to begin next year, while first gas is expected in late 2017.

Read Full Article
1 2

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics