Keyword: oil industry

News

Thailand's PTT Considers $28.7 Billion Refinery in Vietnam

26.11.2012 - Thailand's top energy firm PTT is considering building a $28.7 billion oil refinery in central Vietnam, a company official said on Monday, in what would be a record foreign...

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BP to Restructure Oil Production Unit

23.11.2012 - BP is planning to announce a reorganization of its oil and gas production operations, three sources familiar with the matter said, the second significant restructuring of its main...

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Norway Challenges Russia with New Gas Pricing in Europe

20.11.2012 - Norway's Statoil signed a 10-year gas supply deal with Germany's Wintershall, based on spot prices that challenged Russian gas export monopoly Gazprom, which insists on oil-linked...

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Total Sells $2.5 Billion Nigeria Oil Field Stake to Sinopec

19.11.2012 - Total is selling a 20% stake in a Nigerian offshore oil field to China's Sinopec in a $2.5 billion deal which will help the French oil group fund its ambitious exploration plans...

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BP Plans £3.7 Billion Share Buyback

18.11.2012 - BP plans to spend up to 3.7 billion pounds ($5.9 billion) buying back its shares after agreeing last week to pay record criminal penalties over the Deepwater Horizon disaster...

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Nigeria Exxon Spill Spreads for Miles Along Coast

18.11.2012 - An oil spill at an ExxonMobil facility offshore from the Niger Delta has spread at least 20 miles from its source, coating waters used by fishermen in a film of sludge. A Reuters...

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Europe Oil Refining Margins to Return to Reality in 2013

16.11.2012 - European oil refiners can expect margins to come back down to earth in 2013 as global capacity returns, after a rollercoaster this year that saw them soar in the second and third...

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BP Faces Record Fine Over Spill

15.11.2012 - BP is expected to pay a record U.S. criminal penalty and plead guilty to criminal misconduct in the 2010 Deepwater Horizon disaster through a plea deal reached with the Department...