Falling oil prices bite into Repsol profits

Refining, transport and sales up, but downstream activities swing into loss

Shell cuts jobs and capital spending

Anglo-Dutch group to shed 6,500 jobs in response to low oil price

On Flipbaord: The New Oil Order

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Royal Dutch Shell: the hard bit

The oil group has had to make a tough decision and give some proper cost targets

Centrica cuts 6,000 jobs in focus shift

British Gas owner to downsize oil and gas production business

Saipem implicated in Petrobras case

Art and cash allegedly paid to secure contracts

Mexico delays deepwater oil auction

Bid terms sweetened after July’s inaugural tender flopped

Oil pipeline blown up in south Turkey

Ankara blames attack on terrorists as unrest increases

Offshore workers are to go ahead with a strike ballot over changes to working conditions. The GMB and Unite unions said progress had been made in talks but not enough to resolve the dispute. The Offshore Contractors Association said it was “extremely disappointed” that the ballot was to go ahead.

Saipem: no charge

Italian oil service group wants to win its battles with its clients without fighting

Total in $900m North Sea sale to SSE

French energy group in talks on further asset disposals

Low oil price and rising dollar hit Pemex

Mexico’s oil company records 11th consecutive quarterly loss

Gazprom production set for post-Soviet low

Russian group buffeted by declining demand in Europe

Kurdistan cash squeeze tests oil groups

Genel, Gulf Keystone and DNO owed hundreds of millions of dollars

Profits fall at BP trading arm

Second quarter brings less opportunity to profit from oil storage

BP to cut back spending after $6.3bn loss

Dudley aims to revive fortunes by deferring capital investment

Pemex tied by accounting Catch 22

Company’s push to bring cheap shale to Mexico stifled by deficit

Prosecutors draw net around Brazil elite

The Petrobras probe is a test of the country’s institutions

Oil groups shelve $200bn in new projects

BP, Chevron, Shell among those calling time out on development

Oil majors play a waiting game

Industry leaders have changed the way they plan for the future

Companies diary: July 27 — July 31

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