China’s Sinopec sues Venezuela’s state-run PDVSA December 7, 2017 // 3 Comments Sinopec 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 probe December 4, 2017 // 3 Comments The 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 mln December 4, 2017 // 4 Comments Vietnam 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 Tyra December 4, 2017 // 3 Comments Maersk 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 soon December 4, 2017 // 2 Comments China 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–source November 29, 2017 // 2 Comments China’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 technology November 29, 2017 // 5 Comments Shale 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 complex November 27, 2017 // 1 Comment Saudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude oil to chemicals [...]
Ineos moves into deep water oil and gas exploration in the North Sea November 24, 2017 // 0 Comments Chemicals company Ineos is entering into deep water oil and gas exploration in the North sea. It has bought a majority stake [...]
TSH Resources Q3 pre-tax profit rises to RM52.75 Million November 24, 2017 // 2 Comments TSH Resources Bhd’s pre-tax profit rose to RM52.75 million in the third quarter (Q3) ended Sept 30, 2017 from RM22.43 [...]