Keyword: oil industry

News

BP Cuts Global Gas Reserves Estimate, Mostly for Russia

12.06.2013 - Oil major BP steeply cut its estimates of global gas reserves on Wednesday, revising Russian reserves down sharply and putting Iran at the top of the world league table. In its...

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Vopak Considering LNG Storage in Asia as Demand Grows

12.06.2013 - Dutch oil and chemicals storage company Vopak is considering building more liquefied natural gas (LNG) storage terminals, including its first in Asia, to meet rising demand as spot...

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Encana Names Former BP Executive as CEO

11.06.2013 - Encana named former BP executive Doug Suttles as its new president and chief executive on Tuesday as Canada's largest natural-gas producer searches for a new course following years...

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Gazprom Neft, Japan to Start Siberia Oil Output in 2016

07.06.2013 - Gazprom Neft and Japan's JOGMEC will start jointly producing oil in East Siberia in 2016, the head of the Russian company said on Friday. Gazprom Neft, the oil arm of Russian gas...

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Japan's Idemitsu to Proceed with $9 Billion Vietnam Refinery Project

05.06.2013 - Japan's Idemitsu Kosan said it would proceed with a $9 billion oil refinery project in Vietnam as it had reached a final investment decision with co-investors Mitsui Chemicals...

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China Approves 35% SK Stake in $2.7 Billion Sinopec Ethylene Plant

05.06.2013 - China's top economic planner has approved South Korea's SK Group taking a 35% stake in a $2.7 billion petrochemical complex that state refiner Sinopec built in central China, a...

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PetroChina Dalian Refinery Blasts Injure Two

02.06.2013 - Explosions at a PetroChina refinery in northeastern China has left two people injured and another two missing, the official Xinhua news agency said on Sunday. The blasts occurred...

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Shell Under the Skin, 10 Years After Crisis

30.05.2013 - A decade ago, Royal Dutch/Shell's boss was fighting to close the gap between the truth about his company's oil and gas reserves and the much larger figure in its accounts. He lost...