Nearly 80 per cent of U.S. public companies analyzed by human rights groups are failing to adequately check and disclose whether their products contain conflict minerals from Central Africa, a new report by Amnesty International and Global Witness reveals today. The report, Digging for Transparency, analyzes 100 conflict minerals reports filed by companies including Apple, […]
JAKARTA, INDONESIA—— GE signed a Memorandum of Understanding (MoU) with Pertamina Drilling Services Indonesia (PDSI) to cooperate in developing integrated solutions for oil, gas and geothermal equipment and services. The MoU sets the framework for GE and PDSI to jointly develop efficient and innovative drilling equipment and solutions for onshore and offshore applications. In addition, […]
SAN RAMON, Calif.– Chevron Corporation’s (NYSE: CVX) wholly owned subsidiary Chevron Global Energy Inc. today announced that it has entered into an underwriting agreement for the sale of its 50 percent shareholding in Caltex Australia Limited (CAL). It is expected that these shares will be sold to a broad range of Australian and global equity […]
Nexen Energy ULC announces organizational changes in response to industry downturn Calgary, Alberta (March 17, 2015) – Nexen Energy ULC (Nexen), a wholly-owned subsidiary of CNOOC Limited, has announced organizational changes that will reduce its North American workforce by approximately 340 employees. Nexen UK has also initiated a consultation process to adjust its staffing levels […]
The Department has been considering the proposed acquisition by LetterOne of twelve producing North Sea oil and gas fields currently owned by RWE Dea. The Secretary of State for the Department of Energy and Climate Change Ed Davey is responsible for ensuring the continued and safe production of the UK’s petroleum resources. In the discharge […]
Energy is used to heat and to cool buildings and homes, transport goods, and power the economy. But with ageing infrastructure, poorly integrated markets, and uncoordinated policies, our consumers, households and businesses do not benefit from increased choice or from lower energy prices. It is time to complete the single energy market in Europe. Delivering […]
FLORENCE, ITALY – GE Oil & Gas (NYSE: GE) has signed a Memorandum of Understanding (MoU) with the Kuwait Oil Company (KOC), a subsidiary of Kuwait Petroleum Company (KPC), to collaborate in the state of Kuwait in research and development (R&D), develop cost-effective solutions for the oil and gas sector and provide specialized training programs […]
Pittsburgh — The United Steelworkers Union (USW) announced that it is calling for a work stoppage at the following US refineries: LyondellBasell in Houston, TX; Marathon Galveston Bay Refinery in Texas City, TX; Marathon Houston Green Cogeneration facility, Texas City, TX; Marathon Refinery, Catlettsburg, Ky; Shell Deer Park Refinery, Deer Park, TX; Shell Deer Park […]
WASHINGTON, – The over-50 percent decline in world oil prices—from US$115 a barrel in June 2014 to less than US$50 today—will have significant consequences for the economies of the Middle East and North Africa (MENA) region. According to the World Bank’s latest MENA Quarterly Economic Brief the oil importers that are expected to gain include […]
Shell’s CEO Ben van Beurden today updates on 2014 performance and his priorities for the company, in presentations to financial markets. Van Beurden commented: “Shell has delivered where it counts in 2014. We are stepping up our drive for stronger capital efficiency, whilst being careful not to over-react to the recent fall in oil prices. […]
