Oil & gas
Airlines to post 26% surge in 2015 profits on falling oil prices: IATA
11 Dec 2014
The cumulative net profit estimate of airlines in 2014 has been raised to $19.9 billion from $18 billion in June, and is forecast to rise another 26 per cent to $25 billion in 2015
BP Plc pegs restructuring charges at $1 bn
11 Dec 2014
BG Group sells Australian LNG pipeline to APA Group for $5 bn
10 Dec 2014
BG expects to make a profit of $2.7 billion through the sale, although it will be partly offset by impairment charges on its Australian subsidiary Queensland Curtis Liquefied Natural Gas Pipeline projet
BP to let go middle management as oil price fall bites
09 Dec 2014
BP, which suffered a major setback in the Gulf of Mexico oil spill and subsequent compensation claims and is now struggling with low oil prices, plans to reduce the number of managers across all “layers above operations”
Oil near 5-year low of $68 a barrel as Saudi Arabia cuts prices
05 Dec 2014
Saudi Arabia’s Aramco cut the January price for its Arab Light grade for Asian customers by $1.90 a barrel and for US buyers by 70 cents a barrel, from December
