Steady oil prices fuel Ringgit higherDecember 28, 2017 // 4 CommentsThe ringgit reversed earlier losses to close firmer against the US dollar today as rising in crude oil prices coupled with [...]
Sibur to upgrade and expand terephthalic acid production in BlagoveshchenskDecember 20, 2017 // 7 CommentsSibur has launched a terephthalic acid production upgrade at the POLIEF Blagoveshchensk site to expand its annual capacity [...]
Inter Pipeline Ltd to build a US$2.7 billion petrochemical plant in central AlbertaDecember 20, 2017 // 2 CommentsCalgary-based Inter Pipeline Ltd has announced that it will build a C$3.5 billion (US$2.7 billion) petrochemical plant in [...]
Canada firm plans US$200 million coin/share offering for o&gDecember 20, 2017 // 3 CommentsCanadian oil financing firm Oleum Capital Inc plans to raise US$200 million in mid-January. This would be the world’s [...]
McDermott and Chicago Bridge to merge for US$6 billionDecember 20, 2017 // 3 CommentsOilfield equipment and services provider McDermott International Inc and Chicago Bridge and Iron NV (CB&I) said they [...]
Iraq to replace dangerous tanker trucks with a pipeline network to carry oil productsDecember 18, 2017 // 4 CommentsIraq plans to build a pipeline network to carry oil products across all its territory as an alternative to expensive and [...]
Saudi Aramco signs 13 MoUs worth US$1.6 billion in push for local contentDecember 13, 2017 // 3 CommentsSaudi Aramco has signed 13 memoranda of understanding (MOUs) worth around 6.3 billion riyals (US$1.68 billion) with local [...]
Iraq and Iran sign oilfield contractDecember 11, 2017 // 4 CommentsIraq has signed an agreement with Iran to export crude oil from its Kirkuk oilfield with a rate of between 30,000 and 60,000 [...]
Exxon looking towards Egypt’s offshore oil and gas – sourcesDecember 8, 2017 // 1 CommentOfficials from the world’s largest listed oil producer recently held talks with Egypt’s petroleum ministry to discuss [...]
BASF merges its oil and gas unit Wintershall with DEA; creates one of the biggest energy firms in EuropeDecember 8, 2017 // 2 CommentsChemical giant BASF agreed to merge its oil and gas unit Wintershall with DEA, a vehicle of Russian billionaire Mikhail [...]