French oil major Total has cut its presence in the Libyan capital Tripoli to a minimum over security concerns, although it is not evacuating staff from Libya and offshore operations are continuing, a spokeswoman said on Monday. 'We are monitoring the situation…
China is investigating a corruption inspector for corruption, China's Central Commission for Discipline Inspection (CCDI) said on Monday, as an anti-graft campaign intensifies. Since President Xi Jinping's appointment last year, the government…
Russian Urals prices in the Mediterranean held close to a 14-month low on Wednesday due to very weak refining margins in the region and cheaper alternative grades. Vitol offered a 140,000 tonne cargo from Novorossiisk for loading May 24-28 at dated Brent minus $1…
Argentine oil company Pluspetrol and its partners at blocks 88 and 56 at the Camisea field in Peru are offering to sell two 300,000 barrel naphtha cargoes for delivery from June 6 to July 5 at Pisco, according to an invitation seen by Reuters on Monday…
Volunteers, soldiers build sandbag defences At least 38 killed in Balkan region Bosnia says 1 million cut off from clean water More than a quarter of Bosnia's four million people have been affected by the worst floods to hit the Balkans in more than a century…
Sir Richard Branson is a last minute addition to the list of speakers at All-Energy 2014. The U.K.’s renewable energy exhibition and conference is being held at Aberdeen Exhibition and Conference Centre (AECC), May 21-22. Speaking live from his renowned Necker Island base…
PetroChina's overseas operations chief Bo Qiliang is under official investigation after being removed from his post, a company source with knowledge of the matter told Reuters. Earlier on Friday, PetroChina said in a filing with the Shanghai…
Wellsite Rental Services Appoints FaucheauxWellsite Rental Services has appointed Blair Faucheaux as controller.Faucheaux’s responsibilities include the management of all financial matters and support to the management and ownership teams…
Nigerian oil services firm Caverton plans to start the process of raising fresh equity by the fourth quarter after its $197 million stock market listing next Tuesday, the company's chief executive told Reuters on Thursday. Caverton, which…
An EPC contract for a production unit can easily exceed $1 billion – and $3 billion for an FPSO has recently been breached. Overall, this is a $20 to $30 billion annual market. But, as described below, the sector is hitting some headwinds that could impact future business opportunities…
Around a 190 oil workers of ExxonMobil in Norway would go on strike from June 16 if government mediation on wages and pensions fail, labor union SAFE said in a statement on Wednesday.Talks between Norwegian oil firms and two key unions broke…
Norwegian oil service workers begun three days of wage talks on Tuesday, demanding a new collective agreement and higher pay, days after two unions representing platform workers broke off negotiations, raising the prospect of a strike.Oil service employees…
Cummins Inc. Chairman and CEO Tom Linebarger outlined the company's most extensive plan to date for environmental sustainability, including specific goals for reducing waste, water and energy.A core part of the company's mission is demanding that everything Cummins does leads to a cleaner…
The Board of Directors of Saipem S.p.A. convened today and, in compliance with the resolutions taken by the Shareholders’ Meeting on May 6, 2014, confirmed the appointment of Umberto Vergine as CEO of Saipem S.p.A. The Board of Directors…
Hayward also CEO of London-listed oil firm Genel. Source: Hayward will eventually step down from Genel. Genel declines to comment.Glencore Xstrata named Tony Hayward, the ex-BP chief severely criticized for his role in the Gulf of Mexico oil spill…