Asia

Asia

Chevron looks to lay off another 800 staff

16/05/2016

Chevron plans to lay off 800 staff this year in Thailand as it looks to cut $500 million in costs at the Thai business to weather the fall in global oil prices, the company said.

Asia

BP inks Indonesian LNG deal

16/04/2016

BP has signed a deal to supply liquefied natural gas to Indonesian power utility company Perusahaan Listrik Negara.

Asia

PetroChina and CNOOC may write down assets

22/03/2016

PetroChina, the country’s biggest oil and gas producer, and China’s largest offshore explorer Cnooc, may write down assets following crude’s plunge, analysts say.

Asia

Azerbaijan needs reforms to weather cheap oil – IMF

03/02/2016

The International Monetary Fund (IMF) today urged Azerbaijan to boost reforms and diversify its economy in order to withstand a plunge in global crude prices which has badly hit growth, budget revenues and the manat currency.