Keyword: oil industry

News

Texas Oil Sails to Canada, Refiners Fume Over Tanker Law

01.05.2013 - Oil traders including commodities giant Trafigura and Australian bank Macquarie have quietly begun shipping U.S. crude oil from Texas to Canada, raising the ire of U.S. East Coast...

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Total Profit Falls on Lower Oil Prices, Output

26.04.2013 - French oil firm Total posted a fall in first-quarter profit due to lower oil prices and a drop in oil and gas output, partly offset by a rise in its refining and chemicals business...

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U.S. Oil Production Rises for Exxon, Conoco in Q1

25.04.2013 - Quarterly results from Exxon Mobil and ConocoPhillips on Thursday showed that while overall growth remained elusive, output rose in key basins in the United States where the oil...

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UK Blocks Shell Paying Iran Oil Debt in Food, Medicin

23.04.2013 - Britain has blocked efforts by oil major Royal Dutch Shell to settle a $2.3 billion debt it owes Iran by paying in kind with grains or pharmaceuticals, industry sources said. Shell...

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China's Sinopec Says No Impact On Gas Field From Quake

20.04.2013 - Sinopec Group, Asia's largest oil refiner, said its huge Puguang gas field in southwest China's Sichuan province had not been affected by a strong earthquake that struck the region...

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BP May Delay $10 Billion Mad Dog Oil Scheme in Gulf of Mexico

19.04.2013 - BP is reviewing its biggest new oil project in the Gulf of Mexico, due to rising development costs across the industry, and could delay the $10 billion scheme. British oil major BP...

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Czech Minister Says Shell Offering Refinery Stake

16.04.2013 - Royal Dutch/Shell has offered to sell its minority stake in a Czech oil refining firm to the state, a minister said on Tuesday, which could help a proposal for the government to...

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U.S. Board Tells Chevron to Check Refineries for Damage

16.04.2013 - The U.S. Chemical Safety Board on Monday recommended that Chevron check for ongoing damage to pipes and equipment at its U.S. refineries to prevent another explosion like the Aug...