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ENI may not be able to pay for Gazprom’s gas

According to French investment bank, Societe Generale, the Italian oil and gas company, Eni may refuse to pay Russia for LNG if the gas flow from the Libyan pipeline will stay shut for a long time.

read more... 02/03/2011

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Shell Deutschland Oil to perform a turnaround at Rheinland Wesseling refinery in Germany

Shell Deutschland Oil GmbH (Hamburg, Germany), a subsidiary of Royal Dutch Shell plc will perform its planned turnaround on March, 11 at its Rheinland Wesseling refinery in Germany.

read more... 02/03/2011

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New Biobutanol Reactor to be developed by W2

W2 Energy, a clean energy company that operates in the renewable industry, announced the beginning of the construction of its biobutanol reactor which is more environmentally responsible as it emits less greenhouse gas than gasoline.

read more... 02/03/2011

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Lukoil eyes the acquisition of new assets in the Middle East

The Lukoil president, Vagit Alekperov declared to reporters on Friday that the giant is looking to fully change its reserves in Russia and enter other markets in the years to come, thus the company is interested in acquiring Middle East assets, even if Russia is full of assets.

read more... 01/03/2011

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Hyundai Heavy wins a major-FPSO deal from BP

Hyundai Heavy Industries, the world’s largest shipbuilding company has landed a huge FPSO (floating production storage and offloading) new building order from European oil major, BP. It is the first FPSO order in the world market which is worth around $1.2 billion.

read more... 01/03/2011

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