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BUSINESS

Chevron Thailand slims down as low oil prices bite

Asia focus, Nareerat Wiriyapong, Published on 16/05/2016

» Low oil prices have begun to take their toll on petroleum exploration and production (E&P) companies in Asia, with US-based Chevron Corp preparing to cut jobs at its Thai operations as part of the company's global headcount reduction of 4,000 this year.

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BUSINESS

Total commitment

Asia focus, Nareerat Wiriyapong, Published on 16/05/2016

» Rosy business potential, stable regulation and an investor-friendly environment have prompted the French oil and gas company Total SA to aggressively expand its presence in Asia Pacific, where the company has budgeted US$7.5 billion for upstream petroleum activities between 2015 and 2017.