INEOS

New Zealand Rugby Launches Legal Action Against INEOS Over Alleged Breach of Sponsorship Agreement

13 hours ago

In a significant development within the sports business landscape, New Zealand Rugby (NZR) has initiated legal proceedings against INEOS, the multinational chemicals company, alleging a breach of contract regarding a sponsorship deal that was originally expected to bolster the financial landscape of rugby in the region. The lawsuit, filed in a prominent court, serves as a pivotal moment for both the sport and the sponsor, with potential implications that could ripple through the industry.

Petroineos Makes Historic Purchase of North Sea Oil, Acquiring Largest Benchmark Volume Since 2008

3 months ago

In a significant move that could reshape the dynamics of the North Sea oil market, Petroineos has completed a purchase of benchmark oil at an unprecedented scale. On November 13, 2024, the company announced that it had acquired nearly 8 million barrels of oil from the North Sea, a figure that represents the highest volume of its kind since at least 2008. This purchase not only underscores Petroineos's growing influence in the oil market but also highlights the ongoing volatility and competitive nature of energy sourcing in this region.