- Oil price fall brings opportunity
BMI’s expect direct flight between London and Baghdad to begin next spring (FT)
- Exxon keeps buy-backs on the agenda
The world’s biggest oil group reported a 58% drop in profits for the quarter (FT)
- ‘Greenwash’ hype fails to sway consumers
Consumers attach little credibility to companies’ environmental marketing messages (FT)
- De Beers diamond production drops 90%
The world’s top diamond miner shut its African mines to stimulate supply and demand (FT)
- Mexico’s Pemex posts $1.9 bln loss as output falls
Mexico’s state oil company hurt by lower production, oil prices and the peso decline (Reuters)
- Regulator backs Australian gas project plan
Gorgon project is one of the world’s largest gas developments (FT)
- Woodside freezes salaries, cuts budget after energy prices drop
Australia’s second-biggest oil and gas producer hit by global slowdown (Bloomberg)
- Metinvest buys $1bn United Coal
The deal shows some of Ukraine’s businessmen are sufficiently cash-rich, say analysts (FT)
- UK ‘will struggle’ to meet 2020 renewables goal
Scientists reveal scenarios for how lifestyles and energy generation must change (Guardian)
- BG suffers smaller profits decline than rivals
Smaller decline in profits than others stressed the ‘resilience’ of its earnings (FT)
