Oil

June 3, 2015 // 3 Comments

Oman has committed to invest US$7 bln to build oil storage facilities, a petrochemical plant and a refinery in [...]

June 2, 2015 // 2 Comments

Ferguson Group Singapore, global specialists in the provision of offshore DNV 2.7-1 / EN12079 containers, mud skips, [...]

June 2, 2015 // 2 Comments

U.S. oil production surged to a 43-year high, despite a price war that resulted in a more than 50 % reduction in active U.S. [...]

June 1, 2015 // 1 Comment

West Texas Intermediate futures soared on Friday, with weekly drops in U.S. crude supplies and active oil rigs helping [...]

June 1, 2015 // 3 Comments

An Iranian deputy minister of petroleum says the country’s petrochemical production capacity will reach 180 million [...]

May 29, 2015 // 2 Comments

U.S. drillers cut the number of rigs by just one this week, data showed on Friday, signaling that higher crude prices may be [...]

May 29, 2015 // 1 Comment

JUBAIL – The investment volume in Jubail has reached SR560 billion, including SR501 billion for the private sector, [...]

May 28, 2015 // 1 Comment

UOP LLC, a Honeywell company, announced that Japan’s Taiyo Oil Co. Ltd. has begun producing petrochemicals with [...]

May 28, 2015 // 3 Comments

Shell Oil’s Arctic-bound drilling rig Polar Pioneer has failed to pass a United States Coast Guard inspection, according [...]

May 27, 2015 // 1 Comment

DUBAI – Egypt’s privately owned Carbon Holdings has signed a debt financing deal with the UAE’s Gulf [...]