U.S. oil rig count the lowest since 2010: Baker HughesApril 20, 2015 // 3 CommentsThe oil rig count in the US is at its lowest since 2010, and this could be due to a decline in crude prices which causes the [...]
MLV & Co. cuts staff as falling oil prices threatens businessApril 20, 2015 // 1 CommentOne boutique investment bank is feeling the pinch from declining oil prices. According to sources, MLV & Co. plans to [...]
Banks now put-up stricter guidelines for oil and gas companiesApril 17, 2015 // 3 CommentsBank lenders are now stricter when it comes to lending money to energy companies. In recent months, [...]
Schlumberger to cut another 11, 000 workersApril 17, 2015 // 3 CommentsHOUSTON – 11, 000 more workers of oil field services firm Schlumberger will be chopped as the company deals with low oil [...]
India waits for Malaysia and Thailand to scrap its export tax before importing palm oilApril 17, 2015 // 4 CommentsKUALA LUMPUR – Malaysia’s move to scrap its crude palm oil export tax in May will likely prompt India and China, the [...]
OPEC production rises; oil prices fallApril 17, 2015 // 1 CommentSINGAPORE – Oil prices fell following OPEC’s announcement that its output surged in March. The Organization of the [...]
Carso Oil & Gas, merging two energy units, to be createdApril 16, 2015 // 2 CommentsTwo energy units owned by billionaire Carlos Sim will be merged, Shareholders of the subsidiaries voted in February to merge [...]
Oil surge causes energy to jump 2%April 16, 2015 // 2 CommentsU.S. stocks closed higher on Wednesday as oil hit highs for the year and investors continued to digest financial earnings [...]
India and Mozambique deepen oil and gas tiesApril 16, 2015 // 3 CommentsNEW DELHI – India and Mozambique are set to deepen ties in oil and gas. This comes after the visit by Petroleum and [...]
SapuraKencana leading in oil and gas stocksApril 16, 2015 // 3 CommentsKUALA LUMPUR – SapuraKencana is leading in oil and gas stocks following the surge in the price of crude oil. At [...]