Keyword: oil industry

News

TNK-BP Oligarchs Try to Dodge Rosneft

09.10.2012 - The billionaires who co-own Russian oil venture TNK-BP and want to buy out partner BP have told the British company they would rather sell their half of the $50 billion business...

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China's Sinopec to Build Big Oil Storage in Indonesia

09.10.2012 - China's Sinopec has started work to build Southeast Asia's largest oil storage terminal at Indonesia's Batam Free Trade Zone, industry sources said on Tuesday. The first phase of...

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Companies See Alaska LNG Project Cost at up to $65 Billion

05.10.2012 - A pipeline and plant that would ship natural gas from Alaska's North Slope to international markets could cost between $45 billion and $65 billion, according to the companies...

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Kazakhstan Plans to Start Refining Crude in China

04.10.2012 - Kazakhstan plans to begin processing some of its crude oil in China this year to make up for a shortfall in domestic refining capacity, a senior government official said on...

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AAR to Make "Competitive" TNK-BP Offer to BP

04.10.2012 - The billionaire quartet that owns half of TNK-BP, will make a "competitive" offer for BP's 50 % stake in the Anglo-Russian oil firm by Oct. 17, German Khan, one of the tycoons in...

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U.S. Shale Boom a Boon for Asian Crude Importers

03.10.2012 - Asian oil importers will pay lower premiums for their shipments as a shale oil boom diverts more barrels from the United States to the world's biggest net oil buying region over...

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Statoil Calls Off Snoehvit Expansion in Norway's Arctic

02.10.2012 - Norway's Statoil has dropped plans to expand its Snoehvit natural gas field in the Arctic due to insufficient reserves, raising the chance it will back the building of a pipeline...

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Republican Senators: US Oil Reserves Should Be Kept for Emergency

02.10.2012 - Strategic reserves of oil should be kept for true supply shocks seven top Republicans in the U.S. Senate told President Barack Obama on Monday, urging the White House to avoid...