BP is to axe middle managers and could freeze projects as it grapples with the plummeting oil price, The Sunday Times reported, citing finance director Brian Gilvary.'What you'll see with this simplification plan is that headcounts are starting…
ARENA today congratulated researchers at the University of New South Wales (UNSW) for being the first in the world to convert more than 40% of the sunlight hitting a solar system into electricity.The record efficiency was first achieved in outdoor tests in Sydney…
Messoyakhneftegaz has began building a pressurized pipeline from the Messoyakhinskoe group of deposits, located to the north of Yamalo-Nenets Autonomous Region, to the main Arctic Circle-Purpe pipeline system.The oil pipeline with a maximum…
On December 5, a ceremony was held at Electric Power University (EPU) in Hanoi, Vietnam, to mark the start of the fourth year Mitsubishi Heavy Industries, Ltd. (MHI) is providing instruction in nuclear engineering at this educational institution…
The Board of Directors of ASL Marine Holdings Ltd informed that its wholly-owned subsidiaries have reached a mutual agreement with customer on the rescission of shipbuilding contracts for two offshore support vessels.One of the vessels will…
Mainboard‐listed Mermaid Maritime Public Company Limited a leading provider of subsea and drilling services for the offshore oil and gas industry, would like to announce that it has received early termination of contract from its international…
OAO Sovcomflot (SCF Group) signed a new USD 319 million 10 year credit facility with a consortium of leading European banks with ING acting as Agent. The funds will be used towards financing two new ice-class LNG carriers SCF Melampus and SCF Mitre…
Germany's new, lower targets for CO2 emissions will further curb demand for carbon permits and undermine Europe's already dysfunctional emission trading system, the EU's new energy commissioner told a German newspaper.'The agreed additional…
The United States is willing to help Hungary and other European countries build energy infrastructure to reduce its dependence on Russian oil and gas, U.S. Chargé d'Affaires in Budapest André Goodfriend has told Nepszava newspaper.'Relying on Russian sources threatens energy independence…
Russian natural gas producer Gazprom said on Saturday it had received a prepayment of $378.22 million from Ukraine for natural gas supplies, paving the way for the first shipments to Kiev since Moscow cut supplies in June.Ukraine's state energy firm…
Sri Lanka slashed fuel prices by up to nearly 6 percent on Saturday to reflect falling global oil prices and said it would forgo subsidies and allow market forces to determine prices at the pumps from now on.The fuel price reduction comes…
The plunge in oil prices is starting to hurt Oklahoma's energy-related revenues and if the price remains low, could hit income and sales tax revenues if energy workers have less money to spend, the state's treasurer said on Friday.The…
Turkish Prime Minister Ahmet Davutoglu called on Friday for an agreement over exploiting hydrocarbon deposits in the eastern Mediterranean, an issue that caused the breakdown of peace talks between Greek and Turkish Cypriots in October.Greek…
Ukraine's state energy firm Naftogaz said on Friday it had transferred a prepayment of $378 million to Russia's Gazprom to buy Russian gas for December, paving the way for the first shipments since Moscow cut supplies in June.In line with a deal signed by Naftogaz and Gazprom in October…
U.S. crude oil closed at its lowest since July 2009 on Friday as Brent averaged below $70 a barrel in the week for the first time since 2010, as strong U.S. employment data did little to lift the oil market's bearish mood.Both contracts…
