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Home » News » Financial News - Q1 2012


Financial News - Q1 2012

Andatee committee appoints advisors
23 Mar 2012 07:33 GMT
Financial advisor will assist in evaluating the CEO's offer to acquire all of Andatee's outstanding shares.

PDVSA to sell stake in Nynas, says minister
19 Mar 2012 06:52 GMT
Energy minister says state-owned Venezuelan firm is 'in the process of liquidating the partnership'.

Russia could raise fuel oil tax by over 50%
16 Mar 2012 11:23 GMT
Experts warn that the proposed increase could lead to a collapse in Russia's refining industry.

WFS declares cash dividend
07 Mar 2012 06:51 GMT
Latest cash dividend follows 27 percent rise in fourth quarter net income.

Up to US$180 million investment for BORCO
02 Mar 2012 13:31 GMT
Parent company says it plans to invest up to US$180 million to upgrade its terminal facility in the Bahamas.

Vopak posts profit rise in 2011
29 Feb 2012 18:44 GMT
Net profit attributable to shareholders - excluding exceptional items - rises by 4 percent.

Brightoil net profit jumps 63.8 percent
29 Feb 2012 08:57 GMT
Positive interim results for bunker supplier as revenue surges 189.8 percent.

Record year for World Fuel Services in 2011
23 Feb 2012 21:38 GMT
Fuel specialist reports record full year net income and marine segment profit jumps 30 percent.

Aegean posts Q4 and full year results
23 Feb 2012 08:04 GMT
Supplier records a $12 million rise in Q4 net income and a 45 percent drop in full year net earnings.

Chemoil posts $79.5 million profit rise
14 Feb 2012 13:31 GMT

WFS to hold conference call and webcast
10 Feb 2012 09:33 GMT
Management team to discuss the company's fourth quarter and year-end results in conference call and webcast.

Aegean to discuss Q4 results
10 Feb 2012 08:28 GMT
Supplier to hold conference call and webcast following the announcement of its Q4 2011 results later this month.

Glencore raises stake in Chemoil
07 Feb 2012 17:04 GMT
Commodity trader increases its stake in bunker supplier to 89.04 percent.

Statoil Fuel & Retail posts dip in 2011 earnings
07 Feb 2012 14:23 GMT
CEO applauds 'robust' financial performance in challenging market conditions.

Turnover up 47% for Turkish supplier
06 Feb 2012 11:30 GMT
Rise in sales turnover driven by 12% increase in volume sold.

Wärtsilä takes control of Hamworthy
31 Jan 2012 11:01 GMT
Acquisition of Hamworthy becomes effective from today.

European refiners face further turmoil
30 Jan 2012 12:32 GMT
Energy consultant predicts tougher times ahead for refiners in Europe.

Wärtsilä foresees growing interest in LNG
27 Jan 2012 13:19 GMT

Court sanctions Scheme related to Hamworthy acquisition
26 Jan 2012 16:35 GMT
Control is expected to be transferred to Wärtsilä by the end of January.

Petroplus files for insolvency
24 Jan 2012 10:17 GMT
Europe’s largest independent refiner files for insolvency after talks with its lenders break down.

Brightoil pleased with second place
20 Jan 2012 14:38 GMT
Chairman 'delighted' that Brightoil was ranked the second-largest bunker supplier in Singapore last year.

Baltic Oil CEO buys company shares
19 Jan 2012 09:51 GMT
Chief Executive of Baltic Oil Terminals purchases ordinary shares.

Shipping needs 'a great deal of resilience'
13 Jan 2012 06:22 GMT
Consultant says shipping will be an industry for long-term players in 2012, where those with a plan for the future will be the ones who fare best.

Four oil terminals acquired in Denmark
11 Jan 2012 14:34 GMT
Canadian firm becomes the fourth largest provider of independent bulk liquid storage services in Europe.

Coryton manager to meet union representatives
10 Jan 2012 14:53 GMT
Petroplus manager to meet British trade union representatives to discuss the recent loss of its credit lines.

Kinder Morgan buys stake in black oil terminal
09 Jan 2012 08:48 GMT
Fifty percent stake in Houston storage firm is sold to a subsidiary of Kinder Morgan Energy Partners.

Fujairah government invests in terminal project
09 Jan 2012 07:05 GMT
The government of Fujairah is reported to have acquired a stake in a new oil storage facility.





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