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AAK Completes Acquisition of Vegetable Oil Producer CalOils

Sep 7, 2016

Sweden-based vegetable oils and fats producer AAK has announced the completion of the acquisition of California Oils (CalOils). In July, AAK announced that it was acquiring CalOils, which is based in Richmond, California, from ...

Tags: AAK, CalOils, acquisition

Sidel and Algar Agro Develop World's Lightest PET Bottle for Edible Oil

May 23, 2016

France-based packaging equipment manufacturer Sidel has partnered with Brazilian oil producer Algar Agro to develop the world's lightest 900ml PET bottle for edible oil . The partners redesigned and developed the new PET bottle and ...

Tags: PET Bottle, Edible Oil

B L Agro Oils Installs New Pet Bottling Line in India

Nov 26, 2015

Indian mustard oil producer B L Agro Oils has installed a new PET bottling line from liquid packaging solutions provider Sidel at a purpose-built facility near its existing refinery unit in Parsakhera, Uttar Pradesh. The bottling line ...

Tags: B L Agro Oils, PET bottling, filling, capping

Algerian PM Laments 'brutality' of Oil Price Collapse on Economy

Nov 24, 2015

The halving of Algeria's foreign revenues in just a few months has had a brutal impact on the country's economy, Prime Minister Abelmalek Sellal said Sunday, describing the current situation as "difficult." In an interview with state news ...

Tags: oil, gas, crude

Oil Industry Ride out a Further Price Slump to $25 a Barrel

Jan 20, 2015

Oil industry could ride out a further price slump to $25 a barrel since there is no sign within OPEC toward action to support oil prices. It shows that despite lobbying by Iran and Venezuela, there is little chance of collective action by ...

Tags: Oil industry, crude oil

Zambeef Talks with a Third Party to Divest Edible Oil and Soya Meal Producers Zaman Ltd

Dec 5, 2014

Zambian agri-business company Zambeef is in talks with a third party to divest edible oil and soya meal producers Zamanita Limited. The move follows the publication of a cautionary announcement regarding the transaction on the Lusaka ...

Tags: edible oil, soya meal, Agriculture

AAK Has Acquired Fabrica Nacional De Grasas

Jul 23, 2014

Swedish-Danish company AarhusKarlshamn (AAK) has acquired Fabrica Nacional de Grasas, a Colombian company that specializes in vegetable oils and fats for the bakery segment. The company reported revenues of approximately SEK270m in 2013, ...

Tags: AAK, vegetable oils, Food

The US Shale Gas and Oil Boom Is "Very Profound, But Sometimes Taken out of Proportion"

May 22, 2014

The US shale gas and oil boom of recent years is "very profound, but sometimes taken out of proportion," International Energy Agency chief economist Fatih Birol said at the Flame conference in Amsterdam Tuesday. Birol said that of the ...

Tags: Shale Gas, Oil

EIA Released Nigeria Has Also Started Bringing in Atypical US Kerosene Barrels

May 4, 2014

Nigeria has emerged as the second-largest importer of US jet fuel and has also started bringing in atypical US kerosene barrels, according to data released Tuesday by the US Energy Information Administration. Nigeria imported 864,000 ...

Tags: Jet Fuel, jet trader

Penn West Will Invest C$900 Million in 2014 on Its Assets in Western Canada

Mar 11, 2014

Canada's leading light oil producer Penn West will invest C$900 million ($815 million) in 2014 on its assets in Western Canada, targeting an annual average output of 101,000-106,000 b/d of oil equivalent, CEO Dave Roberts said Friday. ...

Tags: Light Oil Producer, Mineral

South Texas' Giant Eagle Ford Shale Was The Best Asset for Big US Upstream Operator EOG

Feb 27, 2014

South Texas' giant Eagle Ford Shale was the best asset for big US upstream operator EOG Resources in 2013 and will again drive oil growth this year, the company's CEO said Tuesday. Last year Houston-based EOG focused on improving well ...

Tags: Eagle Ford, Oil Growth

Rosneft and Petrochemical Company Sibur Reached an Agreement

Feb 25, 2014

Russia's largest oil producer, Rosneft, and petrochemical company Sibur Friday reached an agreement under which the oil producer will sell its 49% stake in a gas processing joint venture to Sibur and guarantee supply of up to 10 billion ...

Tags: Rosneft, Gas, oil producer

Africa's Biggest Oil Producer Seeks Balance Between Profits & Benefits in Emerging Markets

Jan 24, 2014

Africa's biggest oil producer seeks balance between its profits and benefits in emerging markets such as China As Nigeria's government prepares to implement the Petroleum Industry Bill that will provide "long-term" investment prospects, ...

Tags: oil producer, Mineral

The Mananda 7 Well Was at a Depth of 1,921 Metres in a 121/4 " Hole

Jan 7, 2014

Oil Search reports that as at 06:00 hours PNG time on 2 January, the Mananda 7 well was at a depth of 1,921 metres in a 121/4 " hole. Since the last drilling report released on 19 December 2013, drilling progress has been 860 metres. The ...

Tags: Oil Search, Mananda 7 well, drilling report, Taza 2 well

Belarusia Has Proposed to Russian Oil Producer Rosneft to Take Part in The Privatization

Dec 25, 2013

Belarusia has proposed to Russian oil producer Rosneft to take part in the privatization of one of its two large oil refineries,Belarusian Deputy Prime Minister Pyotr Prokopovich said on Friday. Belarus has offered Rosneft an option to ...

Tags: Belarusia, Rosneft, oil refineries, privatization

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