Friday 26 December 2014
 
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oil major

BP's $7bn S America stake sale collapses

BP's plan to sell a stake in its South American unit for $7 billion (4 billion pounds) has collapsed, potentially trimming the oil major's cash flow and making it harder to raise its payout to shareholders. China's biggest offshore oil pro

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Petronas plans $91bn capex over 5years

Malaysia's Petronas  could spend up to MR275 billion ($90.6 billion) over the next five years as the state oil giant seeks to boost its stable of high-yielding oil assets and secure profit growth, its chief said on Wednesday. Petr

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