Latest news
Siemens: $7.6 billion agreement to purchase Dresser-Rand
Industrial company Siemens AG declared on Monday it would purchase U.S. oilfield equipment producer Dresser-Rand Group Inc for $7.6 billion aiming to considerably increase the German firm's oil and gas operations in North America.
read more... 22/09/2014
Shell revitalizes its plan to vend European LPG business
Anglo-Dutch oil conglomerate Royal Dutch Shell has chosen Credit Suisse to counsel on the vending of its European liquefied petroleum gas (LPG) business, as stated in the Financial Times on Friday, quoting four people familiar with the decision.
read more... 15/09/2014
IEA slashes oil demand forecast for 2014-2015
Worldwide demand for oil was expected to escalate by 1.3 million barrels per day in 2015, a 30 percent increase as the economy improves in 2015, the Paris-based IEA said.
read more... 13/08/2014
Eni to slash its oil refining capacity amid European overcapacity
Plans by Italian oil giant Eni to halve its oil refining capacity could wring out a quarter of Europe’s refining overcapacity.
read more... 11/08/2014
Eni Italian workers face a strike over plants closure
Thousands of workers (about 90%) of the Italian multinational oil and gas company Eni joined to a strike call on Tuesday in an effort to save the jobs put at risk by the threatened closure or converting of some oil refiners owned by the Italian giant.
read more... 30/07/2014