oil giant

Chinese firm to buy Canadian energy company


October 10th, 2011 - 5:02 pm ICT by IANS
Beijing, Oct 10 (IANS) China's energy giant Sinopec has signed a deal with Canadian oil and gas explorer Daylight Energy Ltd. to take over the company for 2.2 billion Canadian ... Read more...

Posted in Business |

Venezuela to invest $45 bn to build, maintain refineries


October 1st, 2011 - 12:58 pm ICT by IANS
Caracas, Oct 1 (IANS/EFE) State-owned Petroleos de Venezuela SA said it plans to invest $45 billion this decade to maintain its domestic refinery network in the country and build other ... Read more...

Posted in Business |

Italy’s oil giant Eni restarts production in Libya


September 26th, 2011 - 9:02 pm ICT by IANS
Rome, Sep 26 (IANS/AKI) Italian oil giant Eni is resuming production in Libya after more than seven months following the conflict that ousted long-time leader Muammar Gaddafi and brought the ... Read more...

Posted in Uncategorized |

Italian oil giant strikes new deal with Libya


August 30th, 2011 - 2:13 pm ICT by IANS
Rome, Aug 30 (IANS/AKI) Officials from Italian oil giant Eni have met Libyan rebel leaders in Benghazi where they signed an agreement to restore the oil company's pre-conflict role as ... Read more...

Posted in Politics |

Brazilian oil giant to build world’s largest ethanol plant


August 19th, 2011 - 12:06 pm ICT by IANS
Sao Paulo, Aug 19 (IANS/EFE) Brazilian state-controlled oil giant Petrobras and private sugar and ethanol group Sao Martinho said they planned to build an ethanol plant with the capacity to ... Read more...

Posted in Business |

Brazilian oil giant to invest $11 bn in Mexico


August 1st, 2011 - 11:24 am ICT by IANS
Veracruz (Mexico), Aug 1 (IANS/EFE) Petroleo Brasileiro, or Petrobras, plans to invest $11 billion in oil exploration, production and refining projects in Mexico between now and 2015, an official said.Veracruz ... Read more...

Posted in Business |

Apple has more cash than US government today


July 29th, 2011 - 2:46 pm ICT by IANS
New York, July 29 (IANS) As of today, Apple boss Steve Jobs is richer than Uncle Sam.While the world's most powerful government has just $73.76 billion in its reserves, the ... Read more...

Posted in Uncategorized |

Libyan rebels seek financial help from Spain


July 22nd, 2011 - 8:34 am ICT by IANS
Madrid, July 22 (IANS/EFE) Libya's rebel group has appealed to Spanish corporates for financial aid to begin reconstruction of the North African country even as Muammar Gaddafi continues to hang ... Read more...

Posted in Politics |

Italian oil giant to invest $7 bn in Venezuela


July 16th, 2011 - 11:38 am ICT by IANS
Caracas, July 16 (IANS/EFE) Italian oil major ENI plans to invest $7 billion in projects in Venezuela with the aim of boosting its output there to 240,000 barrels per day ... Read more...

Posted in Business |

Brazilian firm finds offshore oil, gas fields


July 6th, 2011 - 11:47 am ICT by IANS
Rio de Janeiro, July 6 (IANS/EFE) Oil giant Petrobras said it found two new offshore oil and gas fields in a deepwater area in the Espirito Santo basin, some 115 ... Read more...

Posted in Business |

Secret memos expose link between UK Govt, oil firms and invasion of Iraq


April 19th, 2011 - 12:45 pm ICT by ANI
London, Apr. 19 (ANI): British Government documents have revealed plans to exploit Iraq's oil reserves and the world's largest oil companies the year before Britain took a leading role in invading Iraq.According ... Read more...

Posted in World |

Libya ranks among world’s largest sovereign wealth funds


March 3rd, 2011 - 1:32 pm ICT by IANS
New York, March 3 (IANS) Libya ranks among the world's largest sovereign wealth funds as it always had large amounts of cash to throw around because of its huge ... Read more...

Posted in Business |

Moscow motorists protest abuse of sirens by officials


February 26th, 2011 - 12:26 pm ICT by IANS
Moscow, Feb 26 (IANS/RIA Novosti) Motorists in Moscow have launched a protest against what they call the abuse of flashing lights and sirens on top of official cars, saying only emergency vehicles ... Read more...

Posted in Politics |

Mexican billionaire Slim invests in Colombian oil industry


February 24th, 2011 - 12:12 pm ICT by IANS
Mexico City, Feb 24 (IANs/EFE) Mexican billionaire Carlos Slim's Grupo Carso is acquiring a 70 percent stake in Tabasco Oil Company, which is involved in oil exploration and production in Colombia, the ... Read more...

Posted in Business |

BP sued over gulf oil spill


December 16th, 2010 - 9:31 pm ICT by Aishwarya Bhatt
Washington DC, Dec 16 (THAINDIAN NEWS) The US Justice Department has sued BP and several other companies for their role in the biggest oil spill in the history of the United States. ... Read more...

Posted in Business |

Mexico arrests two Chinese executives on bribery charges


December 15th, 2010 - 11:18 am ICT by IANS
Mexico City, Dec 15 (IANS/EFE) Two top executives of a Chinese company were arrested in Mexico on charges they tried to bribe employees of state-owned Petroleos Mexicanos to obtain discounts on the ... Read more...

Posted in Business |

Vladimir Putin Asks Russians To Help Him Name Puppy


November 19th, 2010 - 8:39 pm ICT by GD
By Meena Kar Nov 19, (THAINDIAN NEWS) Russian Prime Minister Vladimir Putin has asked the people of his country to help him name his new puppy. The former President of Russia has asked ... Read more...

Posted in Politics |

Beached whale dies in Brazil


October 28th, 2010 - 12:30 pm ICT by IANS
Rio de Janeiro, Oct 28 (IANS/EFE) A whale that got beached two days ago in Brazil's Rio de Janeiro state died early Wednesday despite the efforts of volunteers and firefighters to save ... Read more...

Posted in Environment |

Disastrous BP oil well finally killed


September 20th, 2010 - 7:00 am ICT by IANS
Washington, Sep 20 (DPA) The final seal on BP PLC's ruptured oil well in the Gulf of Mexico is finally complete, the US official in charge of the disaster said Sunday. Five ... Read more...

Posted in Business |

BP chief executive to step down (Second Lead)


July 25th, 2010 - 8:45 pm ICT by IANS
London, July 25 (DPA) BP chief executive Tony Hayward is to step down following intense criticism of his handling of the worst oil spill in US history, the BBC reported Sunday. Hayward negotiated ... Read more...

Posted in Business |

BP chief executive Tony Hayward to step down (Lead)


July 25th, 2010 - 6:07 pm ICT by IANS
London, July 25 (DPA) BP Plc chief executive Tony Hayward is to step down following intense criticism of his handling of the worst oil spill in US history, British Broadcasting Corporation reported ... Read more...

Posted in Business |

‘Decision to release Lockerbie bomber wrong and misguided’


July 25th, 2010 - 6:24 am ICT by IANS
London, July 25 (IANS) The release of Lockerbie bomber Abdel Baset al-Megrahi from a prison in Scotland last year was "wrong" and "misguided", British Foreign Secretary William Hague said Saturday. In a letter ... Read more...

Posted in Politics |

Indian Oil registers Rs.3,388 crore loss


July 24th, 2010 - 8:10 pm ICT by IANS
New Delhi, July 24, (IANS) State-run oil marketing firm, Indian Oil Corporation (IOC) Saturday reported a loss of Rs.3,388.39 crore for the quarter ended June 30 on account of selling fuel below ... Read more...

Posted in Business |

Vessels Evacuated From Gulf Oil Spill Site For Tropical Storm Bonnie


July 24th, 2010 - 7:04 pm ICT by GD
By Gina Gomez July 24, (THAINDIAN NEWS) Parts of northern Gulf coast are all set to experience heavy winds and hostile weather conditions as the Tropical Storm Bonnie gradually moves towards the Gulf ... Read more...

Posted in World News |

BP oil spill: Emergency alarms were disabled to avoid waking up people at night


July 24th, 2010 - 1:33 pm ICT by ANI
London, July 24 (ANI): The testimony of an electronics technician Michael Williams who worked for Transocean, the Geneva-based company that owned the rig, that emergency alarms on board the Deepwater Horizon were ... Read more...

Posted in World |

BP CEO Tony Hayward to step down by end of 2010: Report


July 21st, 2010 - 1:09 pm ICT by ANI
Washington, July 21 (ANI): British Petroleum's chief executive Tony Hayward is expected to step down from his post within the next ten weeks as the company seeks to restore its reputation and ... Read more...

Posted in World |

Cameron says Lockerbie bomber Al Megrahi should have been left in jail to die


July 21st, 2010 - 1:07 pm ICT by ANI
London, July 21 (ANI): British Prime Minister David Cameron, during his three-hour-long talk with the US President Barack Obama in Washington, has said that the decision to release Lockerbie bomber Abdelbaset ... Read more...

Posted in World |

BP Well Cap Not Effective In Controlling Oil Leak


July 19th, 2010 - 7:41 pm ICT by GD
By Gina Gomez New Orleans, July 19, (THAINDIAN NEWS) Officials who have been monitoring the blown-out oil well off the Gulf of Mexico have found seepage on the ocean floor which indicates that ... Read more...

Posted in Environment |

BP’s 2012 London Olympics sponsorship at stake over oil leak in Gulf of Mexico


July 18th, 2010 - 5:49 pm ICT by ANI
London, July 18 (ANI): British Petroleum's sponsorship of the 2012 London Olympics could be at risk if the oil giant is found guilty of negligence in the Gulf of Mexico leak.According to ... Read more...

Posted in World |

Britain to help in probe into BP’s Lockerbie link


July 17th, 2010 - 5:32 pm ICT by IANS
London, July 17 (DPA) The British government has promised to "engage constructively" with Washington over claims that the release of the terminally-ill Lockerbie bomber last year was linked to possible BP ... Read more...

Posted in World |

Oil flow contained - BP stock is slightly up


July 17th, 2010 - 2:16 am ICT by Aishwarya Bhatt
London, July 16 (THAINDIAN NEWS) The incessant flow of oil that has been stopped in the Gulf of Mexico’s oilrig seems to be a source of good news for both residents of ... Read more...

Posted in Business |

New oil field discovered in Angola


July 14th, 2010 - 6:47 am ICT by IANS
Sao Paulo, July 14 (IANS/EFE) Brazilian oil firm Petrobras said it has found a new oil field at an exploration block 100 km off the Angolan coast at a depth of 470 ... Read more...

Posted in Business |

BP to test the containment cap in the leaking oilrig


July 13th, 2010 - 8:32 pm ICT by Aishwarya Bhatt
New York, July 13 (THAINDIAN NEWS) BP would know in 48 hours whether it has finally been able to stop the oil that is leaking into the Gulf.BP installed a new, well-fitted ... Read more...

Posted in Business |

BP Succeeds In Capping The Well Beneath Gulf Of Mexico, Tests To Be Held


July 13th, 2010 - 6:51 pm ICT by GD
By Ranjan Bhaduri July 13, (THAINDIAN NEWS) The recently uploaded images of the damage BP well beneath the water of Gulf of Mexico being capped is anything to go by, the coast residents ... Read more...

Posted in Business |

BP to install tighter cap on oil well


July 10th, 2010 - 1:41 pm ICT by IANS
Washington, July 10 (DPA) Efforts by BP Plc to replace an existing cap on the gushing oil well in the Gulf of Mexico could begin Saturday, leading to a possible halt of ... Read more...

Posted in Business |

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