Foster Wheeler Awarded Contract for New Refinery in Libya

Foster Wheeler Ltd. announced that its Milan-based subsidiary Foster Wheeler Italiana S.p.A., part of its Global Engineering and Construction Group, has been awarded a contract by Zwara Oil Refinery Company Limited (ZORCO) for consultancy and project management services for a planned new 200,000 barrels per stream day crude oil refinery at Mellita, near Zwara, in the Great Socialist People’s Libyan Arab Jamahiriya. ZORCO is a project company in... Read more..

Connacher to Present at Peters & Co. Limited 2008 North American Oil & Gas Conference

Connacher Oil and Gas Limited announced that it will present at the Peters & Co. Limited 2008 North American Oil & Gas Conference being held in Toronto from September 9-11, 2008. The Company’s presentation will be made by Mr. R.A. Gusella, President and Chief Executive Officer on Thursday, September 11, 2008 at 9:00 AM MST. To access the web cast of the presentation, please go to the link provided below: A link to the web cast and... Read more..

CityView to Acquire Crude Oil Refinery for Installation in West Africa

CityView Corporation Limited advises that it is in the process of completing the asset purchase agreement for the acquisition of a crude oil refinery. It has been decided that CityView will acquire the oil refinery in its own name, rather than through Pensador Resources Inc. The asset purchase agreement for the acquisition of the oil refinery will be for an aggregate consideration of US$320 million most of which will be debt finance. Financing of... Read more..