Keyword: oil and gas

News

Ineos Unveils Grangemouth 'Survival Plan' with Job Cuts

01.10.2013 - Ineos announced what it described as a "survival plan" to keep in operation the petrochemical plant attached to its refinery in Grangemouth, Scotland, involving job cuts and...

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Total to Start "Soft Landing" from Years of Record Capital Spending

24.09.2013 - Total will start a "soft landing" next year to scale back heavy capital spending while keeping long-term output targets and generating greater cash flow, the French oil major said...

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General Electric Names New Head of Oil and Gas Unit

19.09.2013 - General Electric has named Lorenzo Simonelli as chief executive of its oil and gas unit, replacing Dan Heintzelman, who was appointed a vice chairman of the company. GE has spent...

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Total CEO Considers Increasing Its Asset Sales Target

19.09.2013 - Total may increase its target for asset sales to finance exploration and attain its oil and gas production goals, the Wall Street Journal quoted the French company's chief...

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Poland’s Energy Security Strategy Comes At High Cost

10.09.2013 - Poland's deal to import liquefied natural gas (LNG) from Qatar could saddle Eastern Europe's biggest economy with some of the highest prices in the world, a steep bill for a...

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Thai PTT Global, Pertamina Plan $5 Billion Indonesia Petchem Plant

13.03.2013 - Indonesia's state-owned oil and gas firm, Pertamina, has selected Thailand's PTT Global Chemical (PTTGC) as its partner to build a petrochemical complex in Indonesia with an...

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Strong Refining Margins Boost Total Q3

31.10.2012 - French oil company Total reported a 20% rise in third-quarter net adjusted profit to €.348 billion on Wednesday, beating analysts' expectations thanks to a sharp increase in...