Keyword: oil industry

News

Belarus's Mis-labelling of Fuel Exports Costs Russia $1 Billion

28.09.2012 - Belarus has dodged about $1 billion in customs duty payments to Russia this year by exporting gasoline and other oil products under the guise of solvents and thinners, official...

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China's CNOOC Confident on Nexen Deal after Canada Talks

27.09.2012 - China's CNOOC believes it is poised to win Canada's go-ahead for the $15.1 billion purchase of oil producer Nexen, after talks with provincial leaders boosted its confidence that...

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TNK-BP Signs $675 Million Loan

25.09.2012 - Russia's third-largest oil company TNK-BP signed a $675 million loan with a group of banks, falling short of its targeted $750 million after one bank was unable to commit to the...

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Total Targets Africa for Ambitious Output Growth

24.09.2012 - French oil group Total is banking on a string of African projects to help fuel a 25% rise in output over the next five years, with growth accelerating after 2015 to top 3 million...

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New Projects to Help Total Keep Output Goals

21.09.2012 - New projects should help French oil group Total confirm its 2010-2015 output target in a strategy update on Monday, although analysts will be keen to hear its big exploration...

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BP Would Get Rosneft Stake in TNK-BP Deal

20.09.2012 - BP is in talks with Rosneft that may result in the British oil major acquiring at least 12.5% of the Russian state oil firm, the Kommersant financial daily reported on Thursday...

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Iraqi Kurdistan Sees Itself as Home to Oil Majors

19.09.2012 - Iraqi Kurdistan sees itself soon becoming a major energy player hosting the world's biggest oil companies - including one that may tap part of Iraq's giant Kirkuk oilfield - and...

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Eland Oil to List After Buying Nigeria Block

03.09.2012 - West Africa-focused energy firm Eland Oil and Gas will float on London's junior stock market on Monday with a market value of 135 million pounds ($214 million) after completing the...