Iran increases oil output amidst OPEC production cut talks November 14, 2016 // 3 Comments Iran has increased its oil output at three western fields faster than it previously expected even in the midst of production [...]
Researchers turn wet sewage sludge into biocrude oil using a simple process November 11, 2016 // 1 Comment Ordinary sewage may soon be used to produce biocrude oil in wastewater treatment plans as researchers at the US Department [...]
Ten big oil companies to spend US$1 bn on new tech to counter climate change November 9, 2016 // 3 Comments Chief executive officers (CEOs) from 10 big oil and gas companies from all over the globe have pledged to invest US$1 [...]
Latin American LPG market impacted by US shale exports, rising oil prices November 7, 2016 // 1 Comment Numerous factors including US shale-gas exports and increased production of natural gas liquids (NGL) are creating complex [...]
Saudi Aramco, Nabors to form joint venture for on shore drilling rigs in KSA November 4, 2016 // 4 Comments Nabors Industries Ltd. and Saudi Arabian Oil Company (Saudi Aramco) have signed an agreement to form a new joint venture [...]
BP reports almost 50% drop in quarterly earnings, cuts investment plans November 2, 2016 // 0 Comments British multinational oil and gas company BP plc reported a decrease of almost 50% in its third quarter earnings compared to [...]
GE Oil & Gas merges with Baker Hughes to create US$32 bn oil services giant November 2, 2016 // 5 Comments American multinational conglomerate corporation General Electric (GE) has recently agreed to combine its oil and gas [...]
Oil production cut still not finalized amid OPEC disagreements October 31, 2016 // 4 Comments For the first time since 2008, members of the Organization of the Petroleum Exporting Countries (OPEC), in a meeting in [...]
Chinese manufacturer to produce ethylene, propylene from coal October 28, 2016 // 3 Comments China’s Jilin Connell Chemical Industry Co. Ltd., a manufacturer of industrial gases and related chemicals, has chosen the [...]
Russia, Venezuela energy ministers discuss OPEC oil output freeze deal October 26, 2016 // 2 Comments Energy ministers of Russia and Venezuela, Alexander Novak and Eulogio del Pino, respectively, recently met during the [...]