Keyword: oil and gas

News

Sinopec to Cut Spending After Earnings Drop

24.03.2014 - After reporting a 35% earnings decline for the 2013 fourth quarter, Chinese oil and petrochemicals giant Sinopec said it would cut capital spending to just under $26.2 billion in...

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German Politicians Question Sale of RWE-DEA to Russians

24.03.2014 - Germany's Green Party has joined the conservative Christian Democrat parties in calling on the federal government to critically examine plans by utility group RWE to sell its oil...

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Shell to Sell More Assets in “Fix or Divest” Strategy

19.03.2014 - The new chief executive of Anglo-Dutch oil and petrochemicals giant Shell, Ben Van Beurden, has announced a "fix or divest" strategy to improve earnings. Plans include reduction of...

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Russian Investment Group Wins Race for RWE DEA

17.03.2014 - LetterOne, a consortium of Russian investors based in Luxembourg, has received the nod to acquire oil and gas exploration company RWE DEA from German energy group RWE, subject to...

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Air Liquide Starts U.S. Nitrogen Gas Plant

14.03.2014 - French industrial gases producer Air Liquide has started up a new nitrogen gases plant at Tioga, North Dakota, in the U.S. The new facility will increase supply to drilling...

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EU parliament excludes shale gas from tougher environmental code

13.03.2014 - In a plenary session the European Parliament has voted to impose tougher rules governing the environmental impact of oil and conventional gas exploration, while at the same time...

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Ineos Chairman Weighs in Again, on Scottish Independence

12.03.2014 - Evidently having developed a taste for speaking out on controversial topics, once elusive Ineos chairman Jim Ratcliffe has surprised a British public by commenting on the...

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Shell Moerdijk Clocks 40 Years of Petrochemical Prodution

11.03.2014 - Shell today announced that its Moerdijk petrochemical complex has clocked 40 years of production. Centrally located between the major ports of Rotterdam in the Netherlands and...