A former oil worker has started a petition calling for a rescue package for the UK oil and gas industry.
Uchenna Nnamani, 36, worked in the sector until last year, when he was made redundant.… Read More
Despite the best efforts of some politicians, it’s obvious to everyone working in the UK’s Oil and Gas sector that we have seen better days. We are in a crisis and when adversity strikes we will be measured on how we respond. We can duck the issues b… Read More
Nigeria plans to sell as much as $1 billion of Eurobonds to help fund a record budget deficit this year, Finance Minister Kemi Adeosun said.
Officials from Africa’s biggest oil producer plan to hold non-deal roadshows to meet investors and explain… Read More
More than 100 energy companies have had their credit ratings put on review for possible downgrade by Moody’s Investor Service.
Shell, Total and Statoil are included in the move as oil prices are expected to recover more slowly than companies expec… Read More
Markets were up strongly for the second day in a row, as oil prices rose at the end of a turbulent week.
The FTSE 100 Index was up 140.5 points to 5914.5, following positive overnight trading in Asian markets.… Read More
GE has posted an 8% drop in fourth quarter earnings in its industrial business. The company said the business was affected by the weakness in divisions catering to the oil and gas sector. Operating profit for the company fell to $5.52billion from $5.… Read More
