Latest news
Russian oil production dropped slightly in May
Daily oil production in Russia declined in May from 10.11 million bpd to 10.08 million bpd.
read more... 02/06/2010
The Joint Venture between WEIR and Mitsubishi
The British engineering group WEIR announced about a new joint venture created together with the Japanese motor giant Mitsubishi in the field of pump production and installation.
read more... 27/05/2010
Galp’s profit increased
Portuguese fuel and oil company, Galp Energia, registered a 32 % increase in adjusted first-quarter net profit because of the fact that refining volume and crude production increased, despite all expectations.
read more... 06/05/2010
UK Coal sells assets
The largest coal miner in Great Britain, UK Coal, plans to sell most of its real estate assets, pursuing the goal of reducing its debt level, which is still growing, as a result of problems in production in its underground mines.
read more... 26/04/2010
Lindsey refinery acquisition
Oil Refinery Petroplus, based in Switzerland, has submitted a proposal to buy Total’s refinery Lindsey in the UK. In order to reduce its total production capacity of oil, Total, the largest oil company in France, intends sell its 223 000 barrels per day Lindsey refinery. This event was rather unexpected news.
read more... 23/04/2010