DUBAI / WAM Mercuria Energy Group, the Swiss international commodity trading company, has renewed the lease on their Middle East headquarters at DMCC for another five years. DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has been home to Mercuria Energy Group for over 11 years, and acts as the ...

Bloomberg Chevron Corp will start a sales process for its interest in the North West Shelf project in Australia, one of the nation’s first liquefied natural gas export ventures, after receiving a number of approaches from potential buyers. The US energy major has been looking to make cutbacks as the industry grapples with a once-in-a-generation collapse in demand because of ...

Bloomberg Sasol Ltd is reining in oil expansion and considering job cuts as part of ongoing efforts to turn the business around and protect itself from market downturns. The overhaul at the South African company follows a 50% slump in its shares this year as oil’s crash strained finances already pummeled by cost overruns at a giant US chemicals project. ...