News Desk

News Desk

Firms to plan for storm shutdowns

Texas environment regulators should coordinate shutdowns of oil refineries and other petrochemical plants during major storms to avoid big releases of air pollution like...

News Desk

Shell oil traders switch

Royal Dutch Shell’s oil traders in the Caribbean island of Barbados are getting ready for a tough gig - they’re being moved to the Bahamas next month.The relocation of...

News Desk

Vopak to sell terminals

Dutch oil and chemical storage company Vopak said it would consider selling four European petroleum terminals, as increasing competition in fuel markets led to a stronger...

News Desk

Mitsubishi to buy into Summit

Japan’s Mitsubishi Corp said it has agreed to acquire 25 per cent of Bangladesh’s Summit Liquefied Natural Gas (LNG) terminal and plans to help develop an offshore...