Repsol profits hit by fall in Libyan output

oil-fieldRepsol has announced a sharp fall in Q4 2011 profits as the Spanish oil company was hit by the suspension of oil production in Libya for large parts of 2011.

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Emerson opens largest support facility in Iraq

Emerson_IraqEmerson Process Management has opened the largest support facility in Basra, Iraq which will help support its customer base in the country with a team of Iraqi technical field service engineers.

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Siemens appoints a new Oil & Gas CEO

Adil-Toubia_CEO-of-Oil--GaSiemens Energy has appointed a new CEO of the Oil & Gas Division at the beginning of February the company announced.

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Chinese oil companies to set up industrial parks in Dubai

CNPC_DubaiChina National Petroleum Corp (CNPC) is looking at establishing a logistics hub in Dubai's Free Zone to supply the company's needs in the Middle East and North Africa, reported the China Daily.

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Iran stops oil sales to Britain and France

oil_barrelIran’s oil ministry announced that it has stopped oil sales to both Britain and France in a move seen as a direct retaliation for the upcoming EU embargo on imports of Iranian oil.

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