Tag: oil
LPG terminal in India
French oil company Total has agreed with India's third largest refiner Hindustan Petroleum Company Ltd to build an underground storage terminal for LPG in the eastern part of the country, where demand for the fuel is rising.
ABB sells oil & gas business
ABB Ltd has agreed to sell most of its upstream business in the oil, gas and petrochemicals division to a private equity consortium.
Ecuador bid plan in doubt
A group of foreign oil companies in Ecuador have said the government's plans to seek fresh investments to raise crude output faces risk of failure because of unattractive contract terms.
Chad begins stint as world oil nation
Chad has joined the ranks of oil-exporting nations under a project expected to double the revenues of one of the world's poorest countries.
Abu Dhabi oilfield development
The Abu Dhabi Company for Onshore Oil Operations (ADCO) has awarded VECO the front-end engineering and design contract (FEED) for the development of the new Huwaila oilfield located 30 km south of the existing Bu Hasa field.
Iraq plans to double output by 2005
Iraq, the holder of the world's second-biggest oil reserves, is producing oil at two-thirds pre-war levels and plans to double output by 2005.