oil in news
RSS oil in newsOil giants to shut down pipelines during date change
News Oil firms are taking the cautious approach to the New Year Eve's date change despite extensive programmes to ensure systems are Y2K complaint. Colonial is responsible for piping oil products from Houston to New York across 5,300 miles. [17 Nov 1999]
Oil depot blast takes down IT systems
News Local authorities - and the Labour Party - are still feeling the after-effects of the giant oil depot fire which has knocked out important IT systems. It said both servers are hosted by Northgate Information Solutions whose premises back on to the... [14 Dec 2005]
Oil giant extends exchange to gas and electric service
News Total Fina Elf, the world's fourth largest oil company, is to expand its presence in the gas distribution and trading market. The company initially launched an exchange on 21 March to trade crude oil, petroleum process and precious metals. [30 Mar 2000]
IT companies' HQs hit by oil blast
News IT companies were among the businesses that suffered damage in the massive explosions at the oil depot near Hemel Hempstead this weekend. Northgate Information Solutions said its head office building was "seriously damaged" by the explosions. [12 Dec 2005]
Equiva diverts oil supply through TIB/Adapter for OpenLink Enterprise
News The software is provided through a joint venture between Open Link Financial and Tibco Software and acts as a bridge between trading desks and historic trade data to monitor the flow of the world's oil supply. [29 Oct 1999]
Oil industry failing to use the Net
News The oil industry is missing a golden opportunity to improve its profitability by not exploiting the Internet fully, according to attendees at a recent conference in London. Victor Burk, managing director of energy industry services at Arthur... [26 Nov 1999]
US Department of Energy puts oil reserves on standby
News The US Department of Energy (DOE) has said it will draw on its oil reserves if supplies are disrupted because of the millennium bug. Robert Porter, spokesman for the DOE said emergency plans had been made to draw oil from the Strategic Petroleum... [29 Nov 1999]
Oil giant Shell flogs own software company for $18m
News Venture capitalists have secured a controlling stake in oil giant Shell's data warehousing spin-off Kalido with an injection of $18m. Kalido was originally developed by Shell's internal IT group, which spent $20m developing the software after it... [14 Jul 2003]
Venezuelan oil giant sets up Y2K troubleshooting window
News Petroleos de Venezuela (PDV), the Venezuelan state oil company, is aiming to take advantage of the 17-hour time lag that will occur after the dawn of the millennium in New Zealand. Over the past five years, the oil giant has spent around $180m in... [02 Dec 1999]
Oil giants team up for online mega-marketplace
News The oil industry will be the latest to move its procurement to an online marketplace in a move that could be worth $125bn a year. A consortium made of 14 partners including BP Amoco, Dow Chemical, Shell, Statoil and TotalFinaElf, claim they will... [11 Apr 2000]
North Sea operators to stockpile oil and gas
News Some North Sea oil and gas operators are planning to stockpile supplies over the millennium period despite successfully completing the majority of Y2K conversions. Texaco UK and the Norwegian energy company, Statoil, admitted plans to store oil and... [15 Sep 1999]
Elf Oil gets connected with Sterling Commerce
News Elf Oil UK has upgraded the systems management process in 70 of its 520 service stations using Sterling Commerce's Connect remote management product. The system will transfer stock and sales information back to Elf's headquarters on a daily basis. [09 Mar 1999]
Wireless boost unearthed for Canadian oil and gas
News Two wireless technology companies have signed a reselling agreement to supply Canada's oil and gas industry with wireless data services. The partners have already signed up with an unnamed Canadian oil and gas producer for a trial installation of... [11 Feb 2000]
Total Oil Marine ditches Token Ring
News Total Oil Marine is to dispose of its existing Token Ring (TR) network and replace it with an Ethernet infrastructure. Peter Esson, head of telecoms at Total Oil Marine - a subsidiary of oil giant, Total - said the Ungermann-Bass TR network was... [04 Mar 1999]
IEA plays down fears of Y2K-hit oil supplies
News The International Energy Agency (IEA) has dismissed fears of the millennium bug hitting oil supplies. Following the meeting, the IEA said it expects any problems to be of minor consequence, but did admit it had over three million barrels of oil... [13 Dec 1999]
