News & Events

[BRUSSELS] The European Union issued internet giants an ultimatum to remove illegal online terrorist content within an hour, or risk facing new EU-wide laws. The European Commission on Thursday issued…

Fish stocks worldwide are under increasing stress due to raised levels of habitat degradation. State fisheries departments in many countries are undertaking habitat restoration projects to combat this phenomenon. In…

[KUALA LUMPUR] Malaysian state energy firm Petroliam Nasional Berhad, or Petronas, pledged on Friday to ramp up its growth and spending plans this year following a sharp rise in profits,…

(NYTIMES) – Saudi Arabia has long been the dominant force in oil, leaving the world at the mercy of its ambitions and interests. Now the kingdom must refresh its strategy…

Climate change is critical to future energy markets but its effect on Chevron Corp.’s oil and gas business will be minimal for decades to come, according to a company report. With…

Decommissioning Asia Pacific’s offshore assets – nearly 2,600 platforms and 35,000 wells – could cost over $100 billion. According to Wood Mackenzie’s latest analysis, decommissioning in Asia Pacific appears to…

U.S. Bancorp agreed to pay about $600 million to settle U.S. allegations that it failed to guard against money laundering, under a deal announced Thursday in New York. Prosecutors said the…

Dubai: Slow credit growth driven by weak credit demand in UAE in 2017 is expected linger on this year, economists and analysts have said. UAE Central Bank Data on credit…

Paris: The world’s leading oil companies published a bumper crop in profits last year as rising crude prices helped turn their fortunes around, but they remain cautious and are unlikely…

“It is a fact that there is a decline in oil and gas (but) there is still a growing demand… we have to deliver that and the question is how…