Haze in South East Asia affects palm oil productionSeptember 21, 2015 // 5 CommentsThe haze hanging over the palm-growing regions in Malaysia and Indonesia are affecting the plant’s growth and may reduce [...]
Oil discovered in the North SeaSeptember 18, 2015 // 6 CommentsA new oil deposit of 13 to 31 million barrels was discovered by Faroe Petroleum in the Norwegian sector of the North Sea. [...]
Saudi and Bahrain to build a connecting oil pipelineSeptember 18, 2015 // 2 CommentsSaudi Arabia and Bahrain signed a USD300-million contract to build a pipeline that would connect the two countries. The [...]
ExxonMobil starts oil production in Nigeria ahead of scheduleSeptember 17, 2015 // 2 CommentsExxon Mobil Corporation announced today that its subsidiary, Esso Exploration and Production Nigeria Limited, started oil [...]
US Congress votes on bill to lift oil export banSeptember 16, 2015 // 4 CommentsBy the end of September, the US Congress will vote to life its four-decade ban on oil exports, according to the Wall Street [...]
Indian Oil plans to invest Rs 1.75 trillion in 7 yearsSeptember 16, 2015 // 4 CommentsIndian Oil plans to invest Rs 1.75 trillion over the next seven years to expand the refining output by 54% to 100 metric [...]
OPEC: world will need more oil in 2016September 15, 2015 // 4 CommentsThe Organization of the Petroleum Exporting Countries (OPEC) predicts that there will a greater demand for crude oil next [...]
ExxonMobil expands in SG to produce Mobil 1September 15, 2015 // 1 CommentExxonMobil is planning to build a new lubricant plant in its refinery in Jurong Island, Singapore. The plant is set to [...]
Sinopec will sell hotels and cars to curb corruptionSeptember 14, 2015 // 1 CommentSinopec Group, an oil company owned by the Chinese government, plans to sell its hotels and cars to after a corruption [...]
Fuel shortage in Manipur, India worsenSeptember 11, 2015 // 3 CommentsThe current fuel shortage in Imphal worsen as people line up outside the petrol stations and wait for hours just to get [...]