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02 February 2012 Oil

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Oil 02/02/2012

19:24 : Cairn India boss nets £6.6m in share sale - Rahul Dhir, chief executive of oil and gas producer Cairn India, has netted 512.68m rupees (£6.6m) by selling half of his stake in the company, ahead of receiving another round of stock options.
Source : telegraph-co-uk
12:05 : Shetland oil drilling contract agreed - Oil giant BP has announced a multimillion-pound contract with a specialist offshore engineering firm for the second phase of a massive project off the Shetland Islands.
11:54 : Tullow Oil chief sues developers as work on Caribbean resort is halted - TULLOW Oil chief Aidan Heavey is suing the developers of a luxury hotel and villa complex in the Caribbean after construction stalled following the credit crunch.
Source : independent-ie
11:53 : Glencore's proposed merger with Xstrata: key facts - What Xstrata digs out of the ground it sells to Glencore, which buys it and sells around the worldThe strategy behind Glencore's proposed merger with Xstrata is easy to see: what Xstrata digs out of the ground ...
Source : guardian-co-uk
10:33 : Shell: dull but dependable in an uncertain world - Peter Voser, the oil group's chief executive, has presided over a double digit share price increase at Shell over the last 12 months while BP's stock market valuation continues to flatlineApart from the odd trauma such as booking with the Securities ...
Source : guardian-co-uk
10:18 : Shell targets 'agressive' growth - Royal Dutch Shell said it was targeting aggressive growth in the coming years, with the start-up of big new projects and higher investments set to drive a 50 per cent rise in cashflow and a 25 per cent rise in oil and ...
Source : irishtimes-com
03:23 : Fears that western sanctions on Iran could cripple local economy - Iran's dependency oil means an embargo, if fully implemented, has potential to bring the economy to its kneesWestern sanctions on Iran are compounding the country's economic woes, sending the national currency tailspinning, making ...
Source : guardian-co-uk
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