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Oil News: OCS Plan Has Three Groups Fighting To Keep Alaska

With the upcoming Presidential elections, many companies in the oil and gas industry are fighting to keep the Obama administration’s plan in operation. Three national groups representing the energy manufacturers and associated businesses have written a letter to President Barack Obama asking oil and gas lease sales in the Beaufort and Chukchi Seas, the Central and Western Gulf of Mexico and parts of the Eastern Gulf, to still be part of the 2017-22 U.S. 226 more words

Oil And Gas Industry

News Snippet: Royal Dutch Shell & BP

This morning both Royal Dutch Shell and BP. updated the market. A little unusual for these company to provide updates on the same day, cue conspiracy theorists if you will. 546 more words

RDSB - Target Price £24.80

First allow me to be clear, my target price is a long term one. I do not expect a straight line and I do in fact expect some fantastic buying opportunities in the short term. 567 more words

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Petrobras Of Brazil To Reduce By 12,000 Jobs

Brazil’s state-run oil producer, Petrobras, has said it will cut 12,000 jobs by 2020.

The voluntary layoff programme will help save $9bn at the company, which has struggled with losses following a price-fixing and bribery scandal. 70 more words

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Congo orders mining and oil taxes in US dollars

Mining and oil firms in Democratic Republic of Congo must pay taxes and import duties in U.S. dollars from Saturday rather than in the national currency, the Central Bank of the Congo said. 79 more words

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Saudi Arabia banks pointing to more bad news

Saudi Arabia, whose economy has taken a beating in recent months thanks to the crash in oil prices, just got some more bad news, and this time its related to the country’s banking sector. 68 more words

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