Oil falls, US crude settles below US$50 as inventories rise July 24, 2015 // 2 Comments Oil prices fell and US crude settled below US$50 a barrel yesterday after government data showed crude inventories in the [...]
Honeywell UOP technology to power new, energy-efficient petrochemical complex in China July 23, 2015 // 3 Comments UOP LLC, a Honeywell (NYSE: HON) company, announced today that China’s Ningxia Baota Chemical Fiber Co., Ltd. will use [...]
BHP Billiton’s iron ore production rises but gas slips July 23, 2015 // 0 Comments Mining giant BHP Billiton Wednesday reported an increase in iron ore output for the June quarter but a decline in gas [...]
Oil Rigs Left Idling Turn Caribbean Into Expensive Parking Lot July 23, 2015 // 1 Comment Imagine parking your US$300 million boat for months out in the open sea, with well-paid mechanics hovering around it and the [...]
Drilling giant Baker Hughes warns the pain from oil crash is far from over July 22, 2015 // 2 Comments The oilfield services company reported second quarter results on Tuesday morning, with an adjusted earnings per share loss [...]
Oil prices dips below US$50 on ample supply, strong dollar July 21, 2015 // 2 Comments Oil futures fell on Monday and U.S. crude slipped below US$50 a barrel intraday as ample supply, the prospect of more [...]
Greece looks to offshore oil and gas July 20, 2015 // 5 Comments Greece is in an economic depression. Whether or not it agrees to the ruinous terms imposed upon it by its creditors in order [...]
Neglected gas and oil rigs now used as artificial reefs July 20, 2015 // 1 Comment Alabama is blessed with the most successful and extensive artificial reef programs in the world. And it’s in the process [...]
Iran deal, a positive for Indian refiners July 20, 2015 // 3 Comments The lowering of crude oil prices — the likely outcome of the Iran nuclear deal — will contribute positively to India’s [...]
Fluor Selected by BASF as Global Engineering Partner July 16, 2015 // 2 Comments – Fluor Corporation (NYSE: FLR) announced today that German-based BASF SE has selected the company as its global [...]