North Sea Oil Sector faces perfect Storm, predicts 10,000 job loses, Experts advocate Tax Cuts Evidently as lower crude prices persists, banks may no longer provide credit. Producers in the North Sea, ranging from giants such as Royal Dutch Shell and Total to smaller players such as EnQuest and Ithaca Energy are contending with the…
MX Oil announces directorate change and Starts Drilling on Aje 5 Offshore Nigeria MX Oil plc, the AIM quoted oil and gas investment company, is pleased to announce the appointment of Mr Nigel Bruce McKim as Non-executive Director with immediate effect. Nigel will replace Patrick Mendoza, who is stepping down from the Board to pursue…
Oil price Fall is Impacting these Big Industrial Giants, Oil companies aren’t the only ones taking a hit from the commodities troubles. Here are a couple of industrial giants that are hurting reports The Mootly Fool It’s not hard to connect the dots between the decline in prices over the past year and the prospects of…
Chinese Energy Giants will continue Overseas BuyOuts again Overseas acquisitions by state-backed oil and gas giants are expected to pick up soon from a multiyear low blamed on a continuing corruption crackdown and a sharp fall in oil prices that have weakened their financial positions, according to analysts and deal advisers . With oil prices…