Page 1 - EurOil Week 39
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Issue 560 01•October•2020 Week 39
BP’s green strategy disappoints
BP’s share price has slumped, just after shedding light on plans to scale back its
oil and gas operations and expand in renewables.
Conflict in the Caucasus
The South Caucasus is a key transit route for Caspian oil and gas, and pipelines
are at risk from the conflict between Armenia and Azerbaijan.
Preem axes $1.65b refining revamp
Swedish oil refiner Preem has cancelled a $1.65bn refinery expansion project citing
weak economical conditions.
Shell to ditch up to 9,000 jobs
Royal Dutch Shell has said it will axe up to 9,000 jobs as part of cost-cutting
efforts to prepare itself for a lower-carbon future.
