Platts Top 250: The World’s Top Performing Energy Companies

Major oil companies have maintained their stronghold as the world’s most financially effective energy businesses, according to the 2008 Platts Top 250 Global Energy Company rankings announced here Monday evening. But the rankings also point to a performance resurgence by non-oil firms, such as electric utilities, and to the rising importance and influence of Asia-Pacific companies. Against a... 

Tag: top 20 oil companies, top performing mutual funds oil and gas, electric energy company profits 2008, top 20 utilities in the u s by revenues, list of integrated oil companies

King & Spalding Represents Texas Offshore Crude Oil Port Joint Venture

King & Spalding, a leading international law firm, advised Enterprise Products Partners L.P., TEPPCO Partners, L.P., and Oiltanking Holding Americas, Inc., on their joint venture to build a new off-shore crude oil terminal in the Gulf of Mexico. The new partnership, known as the Texas Offshore Port System (“TOPS”), will provide refiners with greater flexibility and enhanced reliability... 

Sourcing bauxite for smelters a challenge

Finding enough bauxite sources to feed the upcoming aluminium smelters in the Gulf will be a challenge as the region begins to emerge as a major producer of the metal. Availability of cheaper energy has encouraged new investment in aluminium production in the region. Power is responsible for roughly one-fourth of a smelter’s operating costs, while alumina supplies account for 45 per cent. Aluminium... 

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Oil prices rise on falling gas supplies

Oil prices rose Wednesday, as traders assessed declines in U.S. supplies of gasoline and diesel fuel. Other factors prompting traders to buy were the possibility of further OPEC production cuts; the specter of cold winter weather; and the feeling that the newly empowered Democrats won’t be shaking up the oil industry anytime soon. “There’s some relief over the bipartisan tone the... 

Oil tycoon’s gift to Portugal leaves lasting legacy

Portugal produces no oil yet for the past five decades oil wealth has played a key role in the development of the country, paying for library books, hospital equipment and thousands of scholarships. The Calouste Gulbenkian Foundation, named after a Turkish-born Armenian oil tycoon who left his fortune to the country, has given out two billion euros (2.5 billion US dollars) at current prices since it... 

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