Keyword: oil industry

News

U.S. Judge Approves Settlement in BP Class Action Suit

23.12.2012 - A U.S. judge on Friday gave final approval to BP's settlement with individuals and businesses who lost money and property in the 2010 Gulf of Mexico oil spill. The order only...

News

Statoil Adds to U.S. Shale Acreage for $590 Million

19.12.2012 - Norwegian energy firm Statoil bought the rights to about 70,000 acres of shale-producing area in the United States on Wednesday as part of a plan to increase its North American...

News

SOCAR, BP Agree to Stabilize Azeri Oilfields Output

18.12.2012 - British oil major BP and Azeri state energy company SOCAR agreed to cooperate in stabilising 2013 production at the Azeri, Chirag and Guneshli (ACG) oilfields, the biggest in...

News

Shell Considered Buying BP

16.12.2012 - Royal Dutch Shell considered making a bid for rival BP in the past two years, Frankfurter Allgemeine Zeitung said in an advance copy of its Saturday edition. Chief Executive Peter...

News

Refiner Phillips 66 Would Support US Crude Oil Exports

14.12.2012 - U.S.-based refiner Phillips 66 said Thursday it would support exports of crude oil from the United States, arguing the boost they would give the country's economy would trump the...

News

BG Names New CEO to Run Big Growth Projects

13.12.2012 - BG has named Chris Finlayson as chief executive, ending a year-long search for someone to keep a grip on costs while delivering huge growth projects the British oil and gas group...

News

Majors Court Kingpin Eni on Mozambique Gas Bonanza

11.12.2012 - A year after Eni announced the largest discovery in its exploration history, a giant gas find in Mozambique, rival oil companies are falling over each other to get a piece of the...

News

European Energy Firms Back Gazprom at Pipeline Ceremony

07.12.2012 - European energy executives lined up with Russian President Vladimir Putin to witness the first weld on the South Stream pipeline on Friday in a show of support for a project that...