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 [...]
Shell posts strong second quarter August 12, 2015 // 3 Comments Shell 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 Holdings August 10, 2015 // 3 Comments A 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 2016 August 10, 2015 // 1 Comment India’s GAIL is expected to produce a whopping 1.7 million tonne per annum of petrochemicals – nearly double its current [...]