Oil prices hit four-month highs on Monday after attacks on crude facilities in Saudi Arabia.
LONDON: British oil major BP agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years. The deal, which includes interests
The UAE has a total of 105 billion stock tank barrels of recoverable oil and 273 trillion standard cubic feet of conventional gas.
Rosneft’s daily oil output fell 2.7% in the second quarter from the previous three months, the Russian oil company said, mainly because of restrictions introduced by pipeline operator Transneft after an oil contamination scandal. The world’s biggest listed oil company by output said its oil production averaged 4.62 million barrels per day (bpd)
The German government and Lufthansa, which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout.
Bangladesh has joined the select group of countries that manufacture world-class, large-scale PPE by shipping 6.5m PPE gowns to US brand Hanes for ultimate delivery to FEMA.
MoU aims for enhanced collaboration to implement initiatives and projects in the field of innovation and future technologies in Sharjah and the Northern Emirates.
The amalgamation of 10 public sector banks into four has been working smoothly for the past two months without any heartburns as the employee benefit schemes have been extended to all the employees, said a top official of All India Bank Employees’ Association (AIBEA).