Oil Company News
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Updated 23 minutes ago
PKN Orlen SA, Poland’s largest oil company, said two people were killed in an accident at its Lithuanian refinery during maintenance work on a fluid catalytic cracker.
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Updated 34 minutes ago
Russia’s fourth-largest oil producer pumps more crude than the U.K., employs 100,000 people and trades on stock exchanges in Moscow, London and New York. What’s not disclosed is how much cash OAO Surgutneftegas holds and the identity of its biggest shareholders.
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Updated 21 minutes ago
Investors in the biggest state- controlled companies are being punished with the lowest valuations in six years by emerging-market leaders putting public services ahead of shareholder profits as economies slow.
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Updated 2 hours, 35 minutes ago
European stocks were little changed, as the Stoxx Europe 600 Index headed for a weekly gain, after the region’s leaders agreed to speed up payments to the permanent bailout fund. U.S. index futures fell, while Asian shares climbed.
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Oil trader Gunvor Group Ltd. will buy the 107,500 barrel-a-day Antwerp refinery in Belgium from insolvent Swiss oil refiner Petroplus Holdings AG and plans to restart the plant as soon as possible.
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The trial that will determine the extent of any liability U.K.-based energy company BP Plc and its partners face for the April 2010 Gulf of Mexico oil spill is scheduled to begin next week in New Orleans federal court.
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Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the previous close.
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Venezuela’s international reserves held at the central bank rose the most in three months yesterday after a presidential decree published Feb. 28 allows state oil company Petroleos de Venezuela SA to transfer part of a windfall tax to the bank.
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The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 11:20 a.m. local time.
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Romania received offers from two groups, including Goldman Sachs Group Inc. and Citigroup Inc., seeking to manage the initial public offering of hydropower generator Hidroelectrica SA on the Bucharest Stock Exchange.
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