Hess sees 13th straight quarterly loss and shares dip February 7, 2018 // 2 Comments U.S. oil and gas producer Hess Corp posted its 13th straight quarterly loss on Monday as increasing expenses offset rising [...]
Bankrupt Breitburn Energy receives US$1.8 billion full cash offer from Lime Rock Resources February 5, 2018 // 3 Comments Breitburn Energy Partners LP has received a US$1.8 billion full cash offer from Lime Rock Resources. This is a surprise [...]
Vietnam raises over US$300 million from PV Power listing February 2, 2018 // 3 Comments The Vietnamese government raised 6.997 trillion dong (US$308.1million) from selling 20% of state electricity firm [...]
Marathon Petroleum Corp reports a huge jump in quarterly profit February 2, 2018 // 1 Comment U.S. independent refiner Marathon Petroleum Corp reported a huge jump in quarterly profit recently, helped by a US$1.5 [...]
Shell to sell stake in Thai Bongkot fields to PTTEP for US$750 million February 1, 2018 // 1 Comment Royal Dutch Shell has announced that it will sell its stake in the Bongkot gas field and adjoining acreage offshore Thailand [...]
Suncor to axe 400 jobs as it introduces self-driving trucks February 1, 2018 // 1 Comment Suncor Energy Inc announced recently that it is slashing 400 jobs as it rolls out a fleet of self-driving trucks at its [...]
BP expects gas to overtake oil as primary source of energy in around 2040 February 1, 2018 // 3 Comments BP predicts gas to overtake oil as the world’s primary energy source in around 2040 its vice president for strategic [...]
Indian Oil to boost Panipat refinery capacity by two thirds February 1, 2018 // 3 Comments Indian Oil Corp Ltd plans to increase the capacity of its Panipat refinery by two thirds to 500,000 barrels per day (bpd) at [...]
Australian fund buys oil storage terminal in UAE January 29, 2018 // 1 Comment Australia-based Prostar Capital has bought a storage terminal in the key Fujairah oil hub in the United Arab Emirates, said [...]
We don’t practice any discrimination measures against palm oil in Malaysia – French envoy January 29, 2018 // 2 Comments France does not practise any discrimination measures against palm oil, in fact, the European country is ready to explore the [...]