Royal Dutch Shell Plans to Limit Spending
Wednesday, 8th June 2016
Oil giant Royal Dutch Shell plans to increase cost savings to $4.5b following its $54b acquisition last February of BG Group, which Chief Executive Officer, Ben van Beurden, said will make it the best oil company investment, ahead of Exxon Mobil.
Eni Plans $14b in Cost Cuts, Asset Sales
Sunday, 20th March 2016
Eni plans to cut investments and sell down stakes to help it prop up dividends. Company's CEO said the disposals will be mainly through the dilution of stakes in recent discoveries, picking out gas fields in Mozambique and Egypt as prime candidates.
Brazil’s Petrobras Braces for Strikes
Sunday, 6th September 2015
The largest oil workers union in Brazil has announced that it will begin a strike against Petrobras on Sunday, Asia Shipping Media reported. The workers are striking to protest austerity measures being implemented at the massive oil giant.