Industry

Iranian oil embargo could see oil prices skyrocket: IMF

straight-of-hormuzThe International Monetary Fund (IMF) has warned oil prices could jump by as much as 20-30 per cent if Iranian exports are disrupted by US and EU sanctions.

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ConocoPhillips and Oxy post strong Q4 results

oil-fieldConocoPhillips and Occidental Petroleum Corp (OXY) both posted better-than-expected Q4 earnings, rising 66 per cent and 35 per cent respectively, due to higher oil prices.

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Baker Hughes sees Q4 profit drop

Baker_Hughes_Q4Baker Hughes reported a drop in profit for the fourth quarter owing to higher costs even as revenues increased 22 per cent from last year.

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EU approves oil embargo on Iran

oil-barrel2The European Union (EU) approved an embargo on Iranian oil imports at a meeting of EU foreign ministers in Brussels.

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Unique Maritime Group presents a new vision

Unique_SystemUnique Maritime Group (UMG) is continuing to expand its services and capabilities and the company held a round table to discuss its new regional and international vision 'Strength in Depth'.

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