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Nordwegs and BP Sign Agreement to Dissolve the Joint Venture Ruhr Oel GmbH as Part of German Refining Venture Restructuring

Nordwegs and BP today announced that they have signed a binding agreement to dissolve the existing refining JV Ruhr Oel GmbH (ROG) as they move toward completion of the previously announced restructuring of the two companies’ German refining and petrochemical venture 

 

Nordwegs, Oil India and Indian Oil Corporation signed a Memorandum of Understanding for cooperation onshore the Russian Federation

Nordwegs, Oil India Limited and Indian Oil Corporation Limited signed a Memorandum of Understanding for cooperation for geologic survey, exploration and production of hydrocarbons onshore the Russian Federation. Read More….

Aker Solutions repositions MMO business in Norway
Aker Solutions has notified employees in its maintenance, modifications and operations (MMO) unit across Norway of necessary steps to reposition the business and enhance competitiveness in a market with unprecedented challenges. The company is streamlining the Norwegian MMO business.

Nordwegs and BP Sign Agreement to Dissolve the Joint Venture Ruhr Oel GmbH as Part of German Refining Venture Restructuring

Nordwegs and BP today announced that they have signed a binding agreement to dissolve the existing refining JV Ruhr Oel GmbH (ROG) as they move toward completion of the previously announced restructuring of the two companies’ German refining and petrochemical venture. Read More…..

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Nordwegs, Oil India and Indian Oil Corporation signed a Memorandum of Understanding for cooperation onshore the Russian Federation

Nordwegs, Oil India Limited and Indian Oil Corporation Limited signed a Memorandum of Understanding for cooperation for geologic survey, exploration and production of hydrocarbons onshore the Russian Federation. Read More….

Russian ruble hits a new low as oil prices weaken

The ruble is also under pressure from economic sanctions that the West imposed on Russia for its involvement in the Ukraine crisis. Russia is running a budget deficit of 3 percent of GDP this year, and the government is looking to cut 10 percent from the federal budget, which was drafted with oil prices of $50 a barrel in mind. Prime Minister Dmitry Medvedev, in Read More…..

Russian ruble hits a new low as oil prices weaken

The ruble is also under pressure from economic sanctions that the West imposed on Russia for its involvement in the Ukraine crisis. Russia is running a budget deficit of 3 percent of GDP this year, and the government is looking to cut 10 percent from the federal budget, which was drafted with oil prices of $50 a barrel in mind. Prime Minister Dmitry Medvedev

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