Keyword: oil industry

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Shell Plans at Least $1 Billion a Year China Shale Gas Investment

21.08.2012 - Royal Dutch Shell plans to spend at least $1 billion a year exploiting China's potentially vast resources of shale gas, the firm's top China executive said, part of an aggressive...

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CNOOC Profit Slides, Cuts Dividend ahead of Canadian Buy

21.08.2012 - China's leading offshore oil producer CNOOC said its first-half net profit fell by almost a fifth - twice as much as the market had expected - and it cut its dividend by 40% to...

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EU Forces Marine Fuel Dilemma for Ships, Refiners

20.08.2012 - A European crackdown on pollution from ships will require billions of dollars worth of investment by shipping firms on filter technology and by refineries on upgrades to produce...

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Tesoro Eyes West Coast Empire with BP Refinery Deal

13.08.2012 - Tesoro moved on Monday to create the biggest U.S. refining empire in the Pacific Basin with a $2.5 billion deal to buy BP's Carson plant in the isolated California market. If...

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Frackers in Frantic Search for Guar Bean Substitutes

13.08.2012 - Oil and gas companies are racing to find a new substitute for India's guar bean, a key ingredient used in hydraulic fracturing, the drilling technology that has revolutionized the...

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Argentina's YPF Says Q2 Net Profit Up 8%

11.08.2012 - Argentina's state-controlled energy company YPF had an 8% increase in second quarter net profit to 833 million pesos ($181 million), it said in its first earnings statement...

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Fire at Chevron's California Refinery Spikes Gasoline Prices

08.08.2012 - An hours-long fire that has shut down the core of Chevron's Richmond refinery, the second-largest in California, was extinguished early on Tuesday as fears that it may have to...

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Fire Blazes at Chevron's California Refinery

07.08.2012 - A massive fire struck at the core of Chevron's large Richmond, California, refinery on Monday, spewing flames and a column of smoke into the air, threatening a prolonged outage...