Petronas slashes oil rig countAugust 17, 2015 // 1 CommentPetroliam Nasional Bhd (Petronas) president and group CEO Datuk Wan Zulkiflee Wan Ariffin has announced that there will only [...]
Slipping oil price forces Taqa to cut 22% of jobsAugust 14, 2015 // 5 CommentsAbu Dhabi National Energy, also known as Taqa, has reduced its jobs by 22% amid a shrink of oil prices. It plans to cut [...]
MAST security update: Yemen & LibyaAugust 13, 2015 // 3 CommentsYemen Pro-Government forces are gaining momentum as they take Al Anad Air Base, north of Aden. This eases their logistics [...]
Oil price sinks to 6-year lowAugust 12, 2015 // 5 CommentsWeaker Chinese Yuan and higher Iranian oil production has sunk the price of oil to its lowest in 6 years. The price of oil [...]
OPEC countries pump at three-year high despite fall of oil priceAugust 12, 2015 // 2 CommentsOil production by OPEC member countries is at a three-year high despite falling oil prices. The price of oil is below US$50 [...]
Shell posts strong second quarterAugust 12, 2015 // 2 CommentsShell bounced back from a weak year last year by posting net profit of RM322.19mil. This was almost four times the first [...]
Major Sourcing LLC purchased by Shale-Inland HoldingsAugust 10, 2015 // 4 CommentsA transaction involving the purchase of Major Sourcing LLC by Shale-Inland Holdings completed on July 27, 2015. Major will [...]
GAIL to double petroleum capacity in 2016August 10, 2015 // 5 CommentsIndia’s GAIL is expected to produce a whopping 1.7 million tonne per annum of petrochemicals – nearly double its current [...]
Oil tanker, feared to have been lost, foundAugust 10, 2015 // 5 CommentsKUALA LUMPUR: MT Joaquim, a tanker containing 3, 500 metric tonnes of oil which was feared to have been lost, has been found [...]
White Marlin Oil and Gas Company, LLC buys Dune assetsAugust 7, 2015 // 4 CommentsWhite Marlin Oil and Gas Company announced today that it has sealed the acquisition of assets of Dune Energy, Inc., Dune [...]