Keyword: oil industry

News

OPEC Output Rises

30.08.2012 - OPEC crude oil output rose in August as Iranian shipments climbed slightly from its lowest in more than two decades and because of higher exports from Angola and Nigeria, a Reuters...

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Shell Ramps up Qatari Gas-to-Diesel Money Machine

28.08.2012 - A Qatari project that has been a drain on Royal Dutch Shell's capital since 2003 is on the verge of turning into a unique asset that will produce billions of dollars a year in cash...

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Sinopec Sees Rising Demand in Second Half

27.08.2012 - Refiner and oil and gas producer Sinopec Corp said it saw growing demand for its products in the second half of the year, after losses at its refining and chemicals businesses led...

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Explosion Kills 24 at Venezuela's Biggest Refinery

25.08.2012 - An explosion tore through Venezuela's biggest oil refinery on Saturday, killing at least 24 people, wounding more than 80 and halting operations at the huge facility in the OPEC...

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US Offshore Oil Producers Brace for Storm Isaac

25.08.2012 - Oil and gas producers in the Gulf of Mexico started preparing for Tropical Storm Isaac on Friday as its track looked to skirt the heart of the U.S. offshore energy producing zone...

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PetroChina Plans Overseas Investments while Q2 profit slides

23.08.2012 - PetroChina, the country's dominant oil and gas producer which also owns refineries, has earmarked close to $16 billion for overseas investment this year as it aims to have half its...

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TNK-BP's Chief Oil Trader Leaves, Denies Rosneft Move

23.08.2012 - The chief oil trader at TNK-BP said he would leave the Anglo-Russian oil venture, which faces an uncertain future as its owners seek to dissolve their fraught but highly lucrative...

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ConocoPhillips Sells JV Stake, Nears Exit from Russia

22.08.2012 - ConocoPhillips said it will sell a 30% interest in a joint venture to partner Lukoil, nearly exiting Russia after more than two decades. Conoco is left only with half of the Polar...