Shell to write down its reserves in the Groningen gas field April 27, 2018 // 1 Comment Royal Dutch Shell announced recently that it would write down its reserves in the Groningen gas field following the Dutch [...]
Sumatec wins US$20 million contract to develop Kazakhstan oil and gas field April 25, 2018 // 1 Comment Malaysia’s Sumatec Resources Sdn Bhd has secured a US$20 million contract from China’s Talap Munai Service LLP to [...]
China’s Hengli wins approval to import 400, 000 barrels of crude oil per day, the largest to date for a private refiner April 23, 2018 // 2 Comments Chinese private chemical producer Hengli Group has won state approval to import 400,000 barrels per day (bpd) crude oil. [...]
Shell subsidiary wins four more deep-water exploration blocks April 23, 2018 // 1 Comment Shell Brasil Petroleo, a subsidiary of Royal Dutch Shell plc (“Shell”), has nabbed four additional deep-water, [...]
Short-term global oil demand still strong despite increasing focus on electric vehicles – report April 20, 2018 // 2 Comments A new report from IHS Markit has found that short-term oil demand is still growing strong and will continue to do so through [...]
Sarawak’s integrated O&G supply base to begin operations by 4Q19 April 20, 2018 // 4 Comments Sarawak’s integrated oil and gas (O&G) supply base at the Second Inner Harbour in Bintulu Port will kick-start [...]
Indonesia’s biodiesel exports to increase after EU removes anti-dumping duties April 20, 2018 // 2 Comments Indonesian biodiesel makers are anticipating a boost in exports after the European Union removed anti-dumping duties on some [...]
Total buys stake in Ionic Materials April 20, 2018 // 2 Comments Total’s venture capital unit has bought a stake in Ionic Materials for an undisclosed amount. Ionic Materials is a [...]
Global process oil demand predicted to grow 1.4% per year to 7.2 million metric tons in 2021 April 19, 2018 // 2 Comments The global process oil demand is predicted to grow 1.4% per year to 7.2 million metric tons in 2021, making its growth the [...]
Positive outlook for Malaysia’s petrochemicals industry April 19, 2018 // 3 Comments Recently, Malaysia’s state-owned energy company Petronas joined forces with Saudi Aramco to create two joint ventures for [...]