Keyword: Oil

News

Russia Sells Nearly 20% of Rosneft to Investors

31.01.2017 - More than a month after Russia announced one of its biggest privatizations since the 1990s, the true identity of the buyers of a 19.5% stake in its national oil company Rosneft has...

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Versalis and Sonatrach Study Algerian Petchems Complex

27.01.2017 - Versalis, a subsidiary of Italian energy giant Eni, has signed a Memorandum of Understanding (MoU) with Sonatrach to carry out feasibility studies for a gas-based integrated...

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$180 Million Retirement Package for Tillerson

06.01.2017 - Shortly before Rex Tillerson becomes Secretary of State under new US President Donald Trump – if confirmed by the Senate in a hearing set to begin next week – the 64-year old now...

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ExxonMobil CEO Chosen for US Secretary of State

19.12.2016 - Continuing in the mode of choosing people for his cabinet who are not politicians and who have ties to industry, US president-elect, Donald Trump, has chosen ExxonMobil’s chairman...

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EU Chemical Output Slightly Higher in 2017?

16.12.2016 - After seeing no growth in 2016, the European chemical industry council CEFIC is forecasting a “small uptick” in EU chemical production of around 0.5% in 2017, despite a “volatile...

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Four Seriously Injured in ExxonMobil Fire

28.11.2016 - As a spate of autumn accidents at chemical plants continues, ExxonMobil’s oil refinery at Baton Rouge, Louisiana, was hit last week by a major fire. Four workers – at least two of...

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Mammoth US Find Excites Fracking Industry

22.11.2016 - A find in western Texas of what is being billed as the largest-ever shale oil and gas reserves at a single site – possibly worth as much as $900 billion in revenue – is exciting...

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Kuwait Petroleum Replaces IPIC in Duqm Project

15.11.2016 - Oman Oil Company (OOC) has signed a Memorandum of Understanding (MoU) with Kuwait Petroleum International (KPI) to develop the Duqm refinery and petrochemical complex in Oman’s Al...