Keyword: oil industry

News

Sinopec to Buy Stake in Chesapeake Assets for $1.02 Billion

25.02.2013 - China Petroleum & Chemical Corp (Sinopec) will buy half of Chesapeake Energy's Mississippi Lime oil and gas properties in Oklahoma for $1.02 billion to increase its presence in the...

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Imperial Oil Names Exxon Veteran Kruger as CEO

22.02.2013 - Imperial Oil has named Exxon Mobil executive Rich Kruger to replace Bruce March as CEO of Canada's No. 2 oil producer and refiner as it readies to start up its C$12.9 billion ($12...

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U.S. Shale May Force More European Refinery Closures

21.02.2013 - Europe's hard-pressed refining industry faces more closures as its competition in the United States enjoys the double bonus of growing domestic shale oil supply and cheaper...

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Nigerian Offshore Attacks Surge as Pirates Advance

21.02.2013 - A spike in piracy off Nigeria's oil-rich coast has shown gangs are willing to venture further afield and use more violent tactics, increasing the risk of doing business in Africa's...

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Vitol's Dominance Grows in Cash European Oil Markets

19.02.2013 - Top oil trader Vitol is increasingly dominant in European oil markets, taking a stranglehold on Urals crude to the Mediterranean and the naphtha and gas oil markets that rival...

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Rosneft in Talks to Increase Oil Supply to China

18.02.2013 - Russia's top crude producer Rosneft said its chief executive had started talks in China over the possibility of increasing oil supplies to the world's largest energy consumer. The...

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Total to Raise Exploration Budget

13.02.2013 - Total plans to raise its exploration budget in 2013 under an investment policy that takes advantage of high oil prices and financing from large-scale asset sales. The world's fifth...

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Eni Says CEO Under Investigation in Saipem Contracts Probe

07.02.2013 - Milan prosecutors have put Paolo Scaroni, head of Italy's Eni, under investigation in a probe into alleged bribes by Saipem, in which Eni is the largest investor, to win contracts...