Keyword: oil industry

News

PTTEP Boss on an M&A Mission to Secure Thailand's Energy

25.07.2012 - Tevin Vongvanich only took the helm in May at Thailand's top oil and gas explorer, PTT E&P , but he is already overseeing a multibillion dollar M&A deal as part of the company's...

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CNOOC to Buy Nexen for $15.1 Billion in China's Largest Foreign Deal

24.07.2012 - State-controlled CNOOC launched China's richest foreign takeover bid yet on Monday by agreeing to buy Canadian oil producer Nexen for $15.1 billion, forcing Ottawa to decide...

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Chavez Urges Repsol to Make "Friendly" Deal with Argentina

24.07.2012 - Venezuelan President Hugo Chavez advised Repsol on Monday to seek a friendly agreement in its dispute with Argentina and noted that the Spanish energy company held important assets...

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Esso to Face Charges in UK over Death on Fuel Tanker

20.07.2012 - The fuel company Esso and a contractor firm will face criminal charges in Britain related to the 2008 death of a seaman working on a fuel tanker docked at an Esso facility, state...

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China's CNPC in Talks with Ecuador over $12.5 Billion Refinery

20.07.2012 - China National Petroleum Corp (CNPC), the country's biggest oil producer, is in talks with Ecuador's government over a potential investment in the OPEC-member's US-$12.5 billion...

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Shale Oil Bonanza to Cost Refiners Billions

19.07.2012 - America's shale oil boom is great news for U.S. industry, jobs and consumers, but it could cost global refiners billions. Banking on rising demand for transport fuels, oil...

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Saudi Basic Industries Q2 Profits Fall 35%

18.07.2012 - Saudi Basic Industries Corp (SABIC), the world's biggest petrochemicals group by market value, reported a 35% drop in quarterly profits on Wednesday due to lower prices and...

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Billionaires Court BP Shareholders in TNK-BP Row

16.07.2012 - The billionaire co-owners of Anglo-Russian oil venture TNK-BP would be willing to sell their stake to British oil major BP for cash and stock to put an end to a bitter shareholder...