Keyword: oil industry

News

Chevron, Exxon Investors Sustain Calls for Fracking Disclosure

30.05.2013 - About 30% of shareholders of both Exxon Mobil and Chevron on Wednesday backed calls for more disclosure surrounding their use of hydraulic fracturing, the top two U.S. oil...

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Rosneft to Take Over Russian Gas Firm Itera for $3 Billion

28.05.2013 - Russia's state-controlled oil company Rosneft is planning to take over local gas firm Itera for $3 billion, two sources close to Rosneft said on Tuesday, strengthening its hand in...

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Ghana Hopes to Shield Economy from African Oil Curse

21.05.2013 - Oil brought riches to Nigeria but also ravaged its economy and fuelled corruption and conflict. Now nearby Ghana has begun production and wants to take the wealth but dodge the oil...

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Shell's Succession Plans in Focus at Annual Meeting

21.05.2013 - Royal Dutch/Shell CEO Peter Voser may be making his last appearance on the podium at the company's annual shareholder meeting on Tuesday, turning the spotlight on management's...

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Payout Official Set for Surge in BP Spill Claims

17.05.2013 - The deadline for claims against BP in connection with the 2010 Gulf of Mexico oil spill is 11 months away, but the man responsible for paying the claims said on Thursday he is...

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New US Fracking Rules Attempt to Placate Opposing Camps

17.05.2013 - The Obama administration on Thursday unveiled a new proposal for regulating hydraulic fracturing on federal lands, rolling back some measures from its original, abandoned draft as...

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BP to Ask UK Government to Intervene on Gulf Spill Payments

16.05.2013 - British oil company BP wants Prime Minister David Cameron to intervene with the U.S. government over the escalating cost of compensating U.S. companies for the Gulf of Mexico oil...

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EU Probes Oil Majors on Price Manipulation

14.05.2013 - European authorities have raided offices of oil majors Shell, BP and Statoil as part of a probe into suspected manipulation of oil prices, one of the biggest cross-border actions...