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Business News > Mint Authors > Karolin Schaps

Karolin Schaps

Mint Author

ARTICLES BY KAROLIN SCHAPS

Iraq’s oil minister said it had asked oil major BP to develop the Kirkuk oilfields, but the company said it was in no rush to return to the area until security improves. Photo: Reuters

Oil prices rise on expected fall in US inventories, geopolitical tensions

2 min read . 18 Oct 2017

Shell is installing electric vehicle charging points at retail stations in Britain, the Netherlands, Norway and the Philippines. Photo: Bloomberg (Bloomberg)

Shell buys NewMotion charging network in first electric vehicle deal

1 min read . 12 Oct 2017

Local media reported that the hostage-taker had a dispute with a woman employee at the radio station, and then forced her to accompany him at knifepoint. Photo: Mint

Hostage-taking at Dutch radio station ends peacefully

1 min read . 17 Aug 2017

A stronger US dollar also weighed as the currency surge made it more expensive to hold dollar-denominated commodities. Photo: Reuters

Oil prices fall $1 on concerns over growing production by US

1 min read . 09 Jan 2017

Monday’s gains take the rally since the agreement was struck on Wednesday to 19% for Brent, the highest in almost eight years, and 16% for US crude. Photo: AFP

Oil tops $55 for first time in 16 months as Opec deal fuels buying

1 min read . 05 Dec 2016

Brent crude futures for delivery in January were up $3.86, or 8.3%, at $50.214 a barrel by 1405 GMT, recovering from a drop of nearly 4% on Tuesday. Photo: Reuters

Oil prices jumps 8% as Opec agrees first production cut since 2008

1 min read . 30 Nov 2016

BP’s first-quarter net income was $532 million, down from $2.6 billion a year earlier. It said 2017 cash costs will be $7 billion lower than for 2014. Photo: Reuters

BP eyes more spending cuts after 80% profit drop

2 min read . 26 Apr 2016

Photo: Bloomberg

Oil climbs 5% on prediction of declining US shale output

2 min read . 27 Feb 2016

BP’s refining operations, profiting from cheap fuel prices, offset losses in oil and gas production. Photo: Reuters

BP reports worst annual loss, cuts jobs

4 min read . 03 Feb 2016

Shell’s upstream oil and gas production division, swung to a loss for the first time in years while its downstream refining and marketing division benefited from weak prices to run refineries more profitably. Photo: Reuters

Shell’s profits hit by big Arctic, Canadian write-offs

1 min read . 29 Oct 2015

US crude futures traded down 63 cents at $43.97 a barrel, the lowest in nearly four weeks.

Oil falls as supply glut swells storage

1 min read . 26 Oct 2015

The market defied bearish news of a larger-than-expected build in US crude oil stockpiles. Photo: Bloomberg

Oil rises as Russia bombs Syria, US faces hurricane

1 min read . 30 Sep 2015

Cairn is the operator and 40% owner of three blocks off the coast of Senegal, while other stakeholders include oil major ConocoPhillips, which owns 35%.

Cairn makes second oil find offshore Senegal

1 min read . 10 Nov 2014

Cairn Energy has a 40% interest in three offshore blocks in Senegal.

Cairn Energy discovers oil offshore Senegal

1 min read . 07 Oct 2014

Cairn said it had made a $3 million provision to cover proposed redundancies and further provisions would be needed in the second half as it cuts costs.

Cairn Energy reduces staff to stem costs

1 min read . 19 Aug 2014

Indian tax authorities ordered Cairn Energy in January to keep hold of its shares in Cairn India, of which it owns roughly 10%, while the tax assessments continued.

Cairn Energy puts share buy-back on hold due to India tax probe

2 min read . 19 Mar 2014