Page 6 - Oil Industry
BP wipes up to $17.5 billion from assets with bleaker oil outlook
Like its rivals, the British oil major is set to take a big hit to revenue from an unprecedented collapse in demand due to the pandemic.
 "BP wipes up to $17.5 billion from assets with bleaker oil outlook")
Saudi Aramco plans $75-billion dividend even as profit plunges 25%
Saudi Aramco, the world's most valuable listed company, will pay a dividend of $18.75 billion for the first three months of 2020.
 "Saudi Aramco plans $75-billion dividend even as profit plunges 25%")
When oil became waste: A week of turmoil for crude, and more pain to come
The magnitude of how damaged the energy industry is coming into full view on April 20 when the benchmark price of US oil futures plunged to a previously unthinkable minus $38 a barrel
 "When oil became waste: A week of turmoil for crude, and more pain to come")
Want to make it big in oil industry? Try getting fired by this company
The CEO of SandRidge Energy was recently dismissed with a severance package worth at least $14 million
 "Want to make it big in oil industry? Try getting fired by this company")
Data can be next oil only if it flows freely
Data must be gathered and disseminated swiftly; else it will lead to proxy efforts which will create further confusion
Global oil industry: What's there for India in 2017?
As long as the price remains below $ 70 per barrel, India stands to gain, says Alireza Moghaddham
 "Global oil industry: What's there for India in 2017?")
Is there cause for optimism in oil industry?
Producers reeling from slump in prices plan to step up investments in exploration as oil prices start to rise again
 "Is there cause for optimism in oil industry?")