Libyan output falls as clashes force ports to shut

Demonstration in Bayda Libya 2011 07 22Two of Libya's largest oil ports have been forced to shut as clashes threaten the North African nation's oil recovery as daily production falls from 700,000 bpd to 650,000 bpd

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Dane Whitehead appointed Marathon Oil's new Executive Vice-President and CFO

mro logo rgbMarathon Oil Corporation announced that Dane Whitehead has been appointed executive vice president and chief financial officer, which will take effect as of today

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Saudi is to raise US10bn ahead of Aramco IPO

AramcoCoreAreaSaudi Aramco have hired four banks as advisers for its first bond sale ahead of planned initial public offering in 2018

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Sandvik win regional contracts in MENA

Phil Cherrie SandvikSandvik have secured multi-million dollar strategic projects in Egypt and established its regional headquarters in Dubai, UAE 

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BP report increased profits, but not as high as expected, share price falls

BP service station and M S Cockfosters 02BP's share price fell by 2.4 per cent on the morning of 7 February as it reported a fourth-quarter profit of US$400mn, US$160mn short of what analysts at Reuters were expecting

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