Shell secures right to Artic oil and gas drilling August 18, 2015 // 1 Comment Shell has been granted a permit to start drilling in the Artic Ocean. The Interior Department gave conditional approval in [...]
Oil stocks, Tenaga lose as Ringgit weakens August 18, 2015 // 2 Comments KUALA LUMPUR: Oil stocks and Tenaga are losing due to the weakened Ringgit. This has pushed FBM KLCI down more than 24 [...]
Oil and gas stocks low August 18, 2015 // 1 Comment Oil and gas companies have been hard hit by the fall in the equities market and the ringgit, forcing some to scale back its [...]
PTT Global reduces its export of naphtha August 18, 2015 // 1 Comment The decline in global crude oil prices is making Thailand’s PTT Global Chemical PCL reduce its export of naphtha and using [...]
Iran expects petrochemicals exports to boom after sanctions are lifted August 17, 2015 // 1 Comment Iran expects a boom in petrochemicals export after sanctions are lifted in Sanctions against Iran, due to be lifted in [...]
Petronas slashes oil rig count August 17, 2015 // 2 Comments Petroliam 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 jobs August 14, 2015 // 1 Comment Abu 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 & Libya August 13, 2015 // 1 Comment Yemen 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 low August 12, 2015 // 2 Comments Weaker 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 price August 12, 2015 // 2 Comments Oil production by OPEC member countries is at a three-year high despite falling oil prices. The price of oil is below US$50 [...]