North Sea hit by fall in oil price | FT Business
The UK voting to leave the EU is unlikely to have a major adverse impact on its oil and gas sector, but the industry calls on clear leadership from the country’s government to minimise uncertainty.
Brazil’s state-led oil company Petrobras says its pension fund has $6.8 billion in unfunded liabilities, a new financial burden for what is already one of world’s most indebted firms.
Statoil will launch a historical fact-based research project for its 50th anniversary in 2022, which will form a professional training tool for coming generations.
French oil services company Technip says there is no reason for Britain’s exit from the EU to impact its merger with FMC Technologies, including plans for London to be the legal HQ of the new group.
MOL Group makes a new gas discovery in its operated TAL Block in Pakistan, marking the company’s 13th find in the country.