Shell and Chevron Sign Preliminary Deal for Ghana Deepwater Oil Block
Oil majors Shell and Chevron have signed a non-binding memorandum of understanding with Ghana’s national oil company for the potential acquisition of production rights in the South Deepwater Tano Cape Three Points oil and...
BP Plans Major Workforce Reduction Amid Restructuring Drive
BP is planning to cut around 700 positions from its non-frontline global workforce as part of a broader effort to streamline operations and improve profitability, according to an internal email reviewed by Reuters. The...
$300 Billion Private Fund Proposed to Drive Iran Reconstruction and Investment
A proposed $300 billion private-sector investment fund aimed at accelerating reconstruction and economic development in Iran has emerged as a key component of the recently agreed U.S.-Iran framework deal. According to sources familiar with...