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Essar Energy in oil deal with Barclays
Barclays will take control of procurement and existing crude and refined oil inventories at Britain's second largest refinery to reduce the borrowing costs and trim debt levels of its operator Essar Energy. The deal comes nearly a year after Essar ...
Essar Energy ties up with Barclays Bank for new oil and product inventory ...  Economic Times
Essar, Barclays Reach Oil Supply Deal For UK Stanlow Refinery  4-traders
Total confirms big gas find in Azerbaijan
Total said well results at its Absheron discovery offshore Azerbaijan indicated gas resources of 150bn to 300bn cubic metres, or 5tn-10tn cubic feet.
Sale of IAE boosts Rolls-Royce profits
“We continue to invest to support future growth, including our new production facility in Singapore, a new turbine blade casting plant in the UK, a new stator facility in the USA and a new assembly plant for our energy business in Brazil,” he said ...
FTSE 100 tumbles as Spanish fears unnerve investors
Investors were disappointed by the news however, sending the group tumbling 60.4 - or 16pc - to 317p, making it the biggest loser among the mid-caps.
India's tycoons rally to support world's least successful sporting nation
Mittal and Ambani will be in town for the games, as will a host of other business bigwigs, including Ashok Hinduja, the billionaire Ruia brothers, who own London-listed Essar Energy, and others will also be in attendance. The UK government expects over ...
Indian mobile telecoms: crunch day creeping closer
When is a decision not a decision? When it's taken in India. That at least seems to be the lesson from the latest meeting of a government committee which sat on Friday to decide the price telecoms companies must pay to participate in the re-auction of ...
Analysis: Australia's fuel trade jumps as plug pulled on refineries
Australia is already Asia's top importer of diesel, while combined with rises in jet fuel and gasoline imports in the next five years it is on track to surpass Indonesia as the biggest fuel importer, consultancies FACTS and JBC Energy say. ... Refiners ...
PSA invests in development of automation technologies
As part of the program, PSA said that it has already awarded a tender to Singapore Technologies Kinetics Limited and Shanghai Zhenhua Heavy Industry Company Limited, to each develop two AGV prototypes with energy-efficient hybrid technology.
Nigeria signs US$4.5 billion oil refinery deal
Nigeria_Vulcan_oil_refinery_deal Nigeria has signed a MoU to build six new oil refineries in the country. (Image source: Sirdle). The construction of the first two new refineries is expected to be completed next year, while the four remaining ...
Energy, Nuclear and Uranium: Critical Frontiers in India-Africa Relations
Another private sector company, Essar Energy Overseas Limited has a 50% stake in the Kenya Petroleum Refineries Limited since 2009. Both RIL and Essar have been bidding to acquire assets of British Petroleum in Zambia, Malawi, Botswana, Namibia, ...