Saudi King and Chinese President inaugurate YASREF Refinery January 21, 2016 // 1 Comment Saudi Arabia’s King Salman bin Abdulaziz Al Saud and Chinese President Xi Jinping, jointly inaugurated the Yanbu Aramco [...]
Shell to cut 10,000 jobs January 20, 2016 // 6 Comments In their full year report, Shell announced that it would be cutting 10,000 jobs, due to its merger with BG and the present [...]
BP to cut around 4,000 jobs January 19, 2016 // 1 Comment Oil company BP announced that it would be cutting around one-sixth of its workforce (or 4,000 jobs) from its exploration and [...]
Scientists develop ‘cleaner’ diesel January 18, 2016 // 3 Comments Researchers from KU Leaven and Utrecht University discovered a method to produce diesel fuel that emits less Carbon Dioxide [...]
Tatneft project awarded National Project status January 18, 2016 // 3 Comments Tatneft’s project “Technology Development for hydroconversion of heavy petroleum feedstock to produce high-quality [...]
Lockheed Martin gets Exxonmobil contract January 15, 2016 // 3 Comments ExxonMobil Research and Engineering Company (EMRE) awarded Lockheed Martin a contract to serve as the systems integrator in [...]
Zoetic Global signs 100MW agreement in Ghana January 15, 2016 // 0 Comments Zoetic Global, a US-based project developer, has executed a 20-year power purchase agreement with the Electricity Company of [...]
Magellan Midstream and TransCanada to build Houston pipeline January 14, 2016 // 1 Comment Magellan Midstream Partners, L.P. and TransCanada Corporation announced plans to connect TransCanada’s Houston tank [...]
Statoil acquires minority share in Lundin Petroleum January 14, 2016 // 1 Comment Statoil ASA acquired 37,101,561 shares in Lundin Petroleum AB (publ.), corresponding to 11.93 percent of the shares and [...]
Oil prices fall below US$30 per barrel January 13, 2016 // 3 Comments For the first time in 12 years, crude oil prices fall below US$30 per barrel. New York’s benchmark West Texas Intermediate [...]