Climate targets could lead to trillions of losses in oil, gas projects –report
If international climate targets are reached, oil firms including Exxon Mobil and Royal Dutch Shell could lose more than a [...]
Oil
Total to put in US$1 bn to develop Iran’s South Pars gas field
French oil and gas firm Total has committed to put in US$1 billion to develop the South Pars offshore gas field in Iran [...]
Rosneft discovers possibly biggest oil deposit offshore Eastern Arctic
Russian state-owned oil major Rosneft has discovered an oil field in the Laptev Sea in the Eastern Artic as a result of the [...]
China’s growing chemical demand to drive global methanol market growth
Rising Chinese chemical demand is expected to drive growth in the global methanol market, with the country using up as much [...]
Indian firms in jv for petchem complex in Maharashtra
India’s state-owned oil companies, Indian Oil Corp. (IOC), Bharat Petroleum Corp. (BPCL), and Hindustan Petroleum Corp. [...]
Diplomatic rift between Qatar, Arab countries disrupt petchem trades
The worsening diplomatic crisis between Qatar and other Arab countries is causing disruption in the former’s petrochemical [...]
SABIC, UCC sign deal to build petchem JV in Kazakhstan
Saudi Basic Industries Corporation (SABIC), Saudi Arabia’s largest non-oil company and a global leader in diversified [...]
OPEC to reduce oil output over next five years –Khalid al-Falih
Members of the Organization of the Petroleum Exporting Countries (OPEC) will significantly reduce oil production over the [...]
India’s state-run oil firms set up new system for daily fuel pricing changes
State-run oil marketing companies in India will be implementing a new system they have set up for the smooth rollout of the [...]
Rosneft mistakenly granted drilling rights in Japanese territory
The Russian government has accidentally granted drillings rights to state-owned oil company Rosneft in a shelf area located [...]
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