Shell Cuts $15 Billion From Budget as Profit Misses Expectations
Royal Dutch Shell Plc will cut $15 billion of spending over the next three years as the crash in oil prices saw fourth-quarter profit miss
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Royal Dutch Shell Plc will cut $15 billion of spending over the next three years as the crash in oil prices saw fourth-quarter profit miss
Japan Marine United Corp., Japan’s No. 2 shipbuilder, said demand for offshore supply and support vessels has stalled after crude oil plunged to a six-year
By Daniel Lawton and Margaret Cronin Fisk (Bloomberg) — BP Plc “conducted an extraordinarily effective response” to the 2010 Gulf of Mexico spill,
The U.S. Interior Department will lay a framework as soon as Tuesday for oil exploration in the nation’s coastal waters in a five-year plan that is expected
HSH Nordbank AG, the world’s largest financier of ships, is stepping up efforts to unload billions in bad debt racked up during a seven-year glut in the
When Mexico seized oil contractor Oceanografia SA a year ago over loan-fraud allegations, at least one class of creditors took solace: those with claims to
Indonesia’s liquefied natural gas exports may drop by a quarter this year as domestic demand rises and the country allows several contracts with overseas
Iron ore declined to the lowest level in more than five years amid speculation that mills in China will reduce steel output in the runup to a holiday next
Eni SpA can do well with oil at $65 to $70 a barrel, Chief Executive Officer Claudio Descalzi
Oil traded below $47 a barrel as forecasts for rising U.S. crude stockpiles bolstered speculation that a global glut that spurred a price collapse may
U.K. Chancellor of the Exchequer George Osborne said he’s likely to announce further steps to help Scotland’s North Sea oil and gas
Shanghai retained its title as the world’s busiest container port for a fifth consecutive year after widening the gap with its closest rival
Hapag-Lloyd AG, Germany’s biggest container shipping line, will be an attractive investment once results improve and costs are reduced, Chief Executive
Top policy makers in western Europe’s biggest oil producer underscored their commitment to providing stimulus should the economy need
Supertanker owners from Tokyo to Athens said demand to store oil on vessels is strengthening, with Morgan Stanley and Evercore Partners Inc. predicting the
Iron ore imports by China rebounded to an all-time high last month, capping record annual purchases, as slumping prices boosted demand for overseas supplies in
A port slowdown and eight months of fruitless labor talks with longshoremen have brought West Coast port congestion to the point of a breakdown, according to
Frontline Ltd., the oil tanker company led by billionaire John Fredriksen, surged in Oslo trading amid speculation that a plunge in crude prices is spurring
Statoil ASA could be forced to delay its Johan Castberg project in Norway’s Arctic waters for a third time after oil prices dropped by more than half since
Dangerous and difficult oilfields that looked like goldmines when crude fetched more than $100 a barrel have turned into money pits as oil crashes to
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