Hibiscus gets approval from Petronas Carigali Sdn Bhd for PSC purchaseDecember 7, 2017 // 2 CommentsPetronas Carigali Sdn Bhd has approved Hibiscus Petroleum Bhd’s request to acquire Royal Dutch Shell’s 50% [...]
Trelleborg to consolidate and adapt operations in oil & gasDecember 7, 2017 // 1 CommentTrelleborg implements a number of strategic measures to secure Trelleborg’s leading position and competitiveness in [...]
China’s Sinopec sues Venezuela’s state-run PDVSADecember 7, 2017 // 3 CommentsSinopec USA, a subsidiary of the Chinese oil and gas conglomerate, has sued Venezuela’s state oil company PDVSA in a U.S. [...]
Palm oil giant pledges reform after child labour probeDecember 4, 2017 // 3 CommentsThe world’s biggest palm oil processor Wilmar has launched fresh measures to improve conditions of thousands of children [...]
Vietnam’s PV Oil plans Jan IPO that aims to raise at least US$92 mlnDecember 4, 2017 // 4 CommentsVietnam state oil distribution firm PetroVietnam Oil Corp (PV Oil) plans to offer 20 % of its shares in an initial public [...]
Maersk Oil, partners to invest US$3.4 billion in North Sea gas field TyraDecember 4, 2017 // 3 CommentsMaersk Oil, part of Denmark’s A. P. Moller-Maersk, and its partners in the Danish Underground Consortium (DUC) have [...]
China will introduce crude oil futures soonDecember 4, 2017 // 2 CommentsChina is in the final stages of preparation to launch crude oil futures, the vice-chairman of the country’s securities [...]
Sinopec to sell Argentina oil assets for up to US$600 million–sourceNovember 29, 2017 // 2 CommentsChina’s Sinopec has decided to sell its oil assets in Argentina for US$500 million to US$600 million to Mexican company [...]
As pressure for profit increases, oil giants look toward shale technologyNovember 29, 2017 // 5 CommentsShale oil engineer Oscar Portillo spends his days drilling as many as five wells at once – without ever setting foot [...]
Saudi Aramco and SABIC signs MOU to develop innovative crude oil to chemicals complexNovember 27, 2017 // 1 CommentSaudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude oil to chemicals [...]