Fitch Hints to Downgrade Major Oil Companies
Wednesday, 27th January 2016
Fitch Ratings Agency stated that weak oil prices in 2016 will leave five out of seven large oil companies with financial leverage above the required level, hinting looming downgrading. Total is to make the sharpest cuts in its investments - of up to 49% and in shareholder returns among all oil majors in Europe.
Nigeria to Boost Profitability in UAE as it Fights Oil Corruption at Home
Thursday, 26th November 2015
Alpha Group of Companies Chairman/CEO Sheikh Mohamed Bayorh and senior executives from leading prominent companies in UAE welcomed the Nigerian Minister of State Petroleum Resources, Honorable Emmanuel Kachikwu this week at the Burj Al Arab.
Oil Companies Call for PSAs, Contract Incentives in Iraq
Sunday, 15th November 2015
International oil companies could boost production in Iraq beyond current targets if production contracts were changed to give more incentives for investment, according to BP Plc and Royal Dutch Shell Plc.
Libyan Violence Threatens Presence of International Oil Companies
Sunday, 8th February 2015
The violence roiling Libya has increasingly targeted oil companies and their assets, upending long-term investments by Western companies and driving down production in a country that helped trigger the world-wide rout in oil prices.