Roberto Abraham Scaruffi

8 December 2014

	Worldview takes legal action against Petroceltic Worldview Capital Management, one of the biggest shareholders in Petroceltic, has taken legal action against the company for an alleged breach of its corporate governance agreement

	Oilex hits commercial potential at Cambay field Oilex has completed proof-of-concept objectives for the commercial development of the Cambay field in India. The company said initial the key field results from Cambay-77H flowback and production tests were encouraging

	Opinion: Perspectives on crude pricing crisis Stock markets, oil companies, service companies and investors are reeling from Saudi’s shock decision not to support a cut in OPEC production in order to balancesupply and support prices, and the consequent slump in oil prices

	Enegi Oil ends Newfoundland farm-in agreement Enegi Oil has agreed to end a farm-in agreement with BSE (Black Spruce Exploration) in Canada. The company said it the decision had been taken in recognition of the “problems” in completing investment for large-scale plans in the current climate

	Algeria’s Sonatrach says low oil won’t deter investments Algeria will press ahead with its $90 billion investment plan in the North African country’s oil and gas industry even with crude prices trading near five-year lows, said the head of state-run energy producer Sonatrach

	Can Group see boost in turnover and pre-tax profits Oil and gas services firm Can Group has recorded a boost in turnover and pre-tax profits for the year ending December 2013. The Aberdeen-headquartered firm, which provides engineering, inspection and trade services to the oil and gas sector, posted a 20% increase in pre-tax profits to £18

	Oil declines from five-year low on signs US taking fight to OPEC West Texas Intermediate and Brent extended declines from the lowest close in more than five years amid speculation that US oil producers will fight OPEC for market share

	BP rate of job losses set to increase The rate of job losses across BP in the UK and abroad will increase after dropping oil prices intensified the company’s simplification plans, the oil giant said