It was considered the largest oil-related natural disaster in the history of the world, so it only follows that the fine would be historic too. Gargantuan oil company BP has agreed to pay the largest criminal penalty in U.S. history for ...
Oil giant BP is currently having a “big internal debate” about how it can lock down personal computers without losing out on flexibility for employees, as a direct result of the increasing threat of cyber attacks. Outgoing CIO ...
Oil giant PetroChina Company Limited on Tuesday announced a 9.6-percent increase in its net profit for the first three quarters of 2013 as the company managed to adapt to market changes. Net profit during the Jan.-Sept. period came in at ...
Tags: Metallurgy, Mineral, Energy, Oil
Brazilian state-run oil giant Petrobras on Friday confirmed the discovery of a large crude oil deposit off the coast of the northeastern Sergipe state. The reserve could yield nearly a billion barrels of crude, representing one of the ...
Tags: oil, Metallurgy, Mineral, Energy
State-owned Chinese oil giant Sinopec has taken its first step into Egypt's upstream sector with a $3.1 billion deal to buy a 33% stake in US-based Apache's assets there. The deal is the first under in a new global strategic partnership ...
Tags: Metallurgy, Mineral, Energy
Possible deals said to be in the works with Exxon Mobil, Russia's Lukoil PetroChina Co, China's largest oil explorer, may join with United States-based energy giant Exxon Mobil Corp to co-develop the West Qurna oilfield in Iraq, which ...
Tags: Petrochina, Chemicals
Chinese oil giant Sinopec is expected to see drilling right of an oil field operated by its subsidiary Addax Petroleum in Gabon be withdrawn by local government. Etienne Ngoubou, a senior official with the Gabonese government, disclosed ...
Tags: Metallurgy, Sinopec
In May 6, 2013, the "Fortune" was officially released the latest U.S. Top 500, Wal-Mart return to the top of the income of 469.16 billion dollars, oil giant, Exxon Mobil ranked second for the revenue of 449.88 billion dollars. The Facebook ...
Shell said it reduced by 50% the volume of oil spills from its onshore operations in Nigeria's Niger Delta in 2012 compared with the previous year, but that oil theft from the company's facilities remain a long-term challenge. "The volume ...
Tags: Shell, Oil Spill, Nigerian Fields
Saudi Arabian customs officials have foiled an attempt to smuggle 3.255 million kg (equivalent to 27,300 barrels) of refined oil products out of the eastern port of Dammam, capital of the kingdom's oil-rich Eastern Province, the official ...
Tags: Saudi Arabia, Foils, Oil Products
Oil giant ExxonMobil has reportedly hired former U.S. ambassador to Iraq, James Jeffrey (pictured), as a consultant. The company was recently told that it must choose between working in Iraq’s southern oilfields, where it operates ...
Tags: Exxon, Former US Ambassador, Iraq
China National Petroleum Corp announced two major overseas acquisitions in mid-December as the oil giant continued its accelerated pace of global expansion. State run CNPC said December 12 it would buy a 10.2% stake in the Browse ...
AFP quoted British oil giant BP saying that it had agreed to sell its stake in China's Yacheng gas field to the state owned Kuwait Foreign Petroleum Exploration Company as part of a divestment program. BP said that it has agreed the sale ...
Tags: BP, China gas, South China Sea, Yacheng gas
Fiber-monitoring system to observe hydraulic fracturing - better known as "fracking" - operations in oil and shale gas prospecting. QinetiQ company OptaSense has signed a global commercialisation and framework agreement with oil giant ...
Tags: Fiber-monitoring system, Shell, oil, shale gas, OptaSense
Rosneft reported that British oil major BP’s CEO Robert Dudley will help oversee Russian oil giant Rosneft’s integration with TNK-BP to help introduce best international business standards, the companies said in a statement on ...
Tags: oil giant, oil, BP Chief, Smooth Rosneft, TNK-BP