Sunday 7 February 2016
 
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Europe

Schlumberger-Cameron merger gets EU nod

Schlumberger, the world's largest oilfield services company, said its proposed merger with Cameron, a leading provider of flow equipment products for oil sector, has won unconditional approval from European Commission. The pan

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Iran's crude oil sales to Europe hits new high

Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran's crude oil sales to Europe after the lifting of international sanctions on Tehran had already reached above 300,000 barrels, according to the ministry's news agency.

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European shares drop as oil prices fall, BP posts loss

European equities fell on Tuesday as crude oil prices slipped again and companies like BP reported disappointing earnings. BP fell 9 per cent, its biggest daily decline since mid-June 2010, after reporting its worst annual loss in

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More central bank rate cuts coming before any hike

Global interest rates are likely to go even lower before they rise as financial market volatility and the specter of deflation raise fresh doubts about central banks' ability to fulfill their mandates, policymakers and economists said.

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BP posts biggest annual loss, announces massive job cuts

  BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday, showing that even one of the nimblest oil producers is struggling in the worst market downturn in over a decade. The

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Insurance snags holding up Iran oil exports to Europe

Efforts by Iran to start exporting oil to Europe are being held up as foreign tanker owners are still struggling to secure insurance for cargoes, leading shipping players said. A nuclear deal between world powers and Iran earlier

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Europe launches space-based 'data highway'

Europe launched the first part of a new space "data highway" on Friday night that will pave the way for faster than ever monitoring of natural disasters such as earthquakes and floods. The EDRS-A node is the first buildi

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Iranian oil output recovering as cargoes sold to Europe

Iran is on track to raise oil production by 500,000 barrels per day after the lifting of sanctions this month and has already sold six supertankers with additional crude to buyers in Europe and Asia, a Iranian oil source said. &nb

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Qatar Airways to expand services across Eastern Europe

Qatar Airways is starting 2016 with an expansion programme across Eastern Europe, enabling passengers to benefit from a wide range of additional flight options via Doha’s Hamad International Airport. The expansion into Eastern Eur

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No emissions scandal compensation scheme in Europe: VW

Volkswagen has said there were no grounds to replicate in Europe a compensation programme it plans for US drivers affected by its diesel emissions scandal, rejecting a demand from the European Union's industry commissioner. &n

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