UPDATE 1-ABB revamps engineering business, to take Q4 chargesReuters“We are taking decisive actions to complete our EPC business model change as we end our transition year,” finance chief Timo Ihamuotila said. “These actions are in line with our strategy t …

Oil: This Time It's DifferentSeeking AlphaIn this piece, I decided to tackle some recent oil-related data that shows a continued recovery in the market. Prices aren't responding, but the underlying data suggests the recovery in the market now is re …

Global Oil Supply Disruptions Lowest Since 2012OilPrice.comUnplanned disruptions in global oil supply dropped to 1.6 million barrels per day (bpd) in September 2017, which was the lowest level of crude offline due to unforeseen events since January 2012, t …

ReutersNoble Group to sell oil liquids unit to Vitol, flags $1.2 billion lossReutersMonday's move came after Reuters reported late on Friday that Vitol, the world's largest oil trader, was nearing a deal to buy Singapore-listed Noble's oil liqu …

ReutersNoble Group to sell oil liquids business to Vitol, flags big third quarter lossReutersNoble is a big player in the global physical oil market, trading crude and refined products. But its operations shrank this year due to higher prices and liquidity …

ReutersNoble Group to sell global oil liquids business to VitolReutersSINGAPORE (Reuters) - Struggling Noble Group (NOBG.SI) agreed to sell its Americas-focused oil liquids business to Vitol for a gross consideration of $1.4 billion, as part of its strateg …

Creditors accept restructuring plan for oil services group CGGReutersPARIS, Oct 2 (Reuters) - The creditors of debt-ridden oil services group CGG have accepted CGG's chapter 11 bankruptcy plan, CGG said on Monday, in what could form one of the biggest …

UK engineering group GKN's CEO to retire, finance director to leaveReutersSept 14 (Reuters) - British engineering group GKN said on Thursday its Chief Executive Nigel Stein would retire at the end 2017 and Finance Director Adam Walker would leave to wo …

ReutersLibya's Sharara oil field faces shutdown after control room closed: engineerReutersTRIPOLI (Reuters) - Libya's Sharara oil field, which has been producing 270,000 barrels a day (bpd), was facing a gradual shutdown after the closure of a cont …

ReutersLibya's Sharara oil field gradually shutting down: engineerReutersTRIPOLI (Reuters) - Libya's Sharara oilfield, which has been producing 270,000 barrels a day (bpd), is gradually shutting down after the closure of a control room in the north …