Iran’s Kharg oil terminal increases capacity to 8 million bpdJune 28, 2017 // 1 CommentIran’s Kharg oil terminal has boosted its crude oil loading capacity to 8 million barrels per day (bdp),triple the current [...]
Weakening demand from top three Asian oil buyers hinder market balancingJune 26, 2017 // 2 CommentsFaltering demand growth in Asia’s top three oil-importing nations is further hindering efforts to balance the market as a [...]
Rosneft clears final hurdle for US$13 bn acquisition of Essar OilJune 25, 2017 // 1 CommentOfficials from Russia’s national oil major Rosneft have said it has received the go ahead for the US$13 billion [...]
Climate targets could lead to trillions of losses in oil, gas projects –reportJune 21, 2017 // 2 CommentsIf international climate targets are reached, oil firms including Exxon Mobil and Royal Dutch Shell could lose more than a [...]
Total to put in US$1 bn to develop Iran’s South Pars gas fieldJune 21, 2017 // 1 CommentFrench oil and gas firm Total has committed to put in US$1 billion to develop the South Pars offshore gas field in Iran [...]
Rosneft discovers possibly biggest oil deposit offshore Eastern ArcticJune 19, 2017 // 2 CommentsRussian state-owned oil major Rosneft has discovered an oil field in the Laptev Sea in the Eastern Artic as a result of the [...]
China’s growing chemical demand to drive global methanol market growthJune 16, 2017 // 1 CommentRising Chinese chemical demand is expected to drive growth in the global methanol market, with the country using up as much [...]
Indian firms in jv for petchem complex in MaharashtraJune 16, 2017 // 2 CommentsIndia’s state-owned oil companies, Indian Oil Corp. (IOC), Bharat Petroleum Corp. (BPCL), and Hindustan Petroleum Corp. [...]
Diplomatic rift between Qatar, Arab countries disrupt petchem tradesJune 14, 2017 // 5 CommentsThe worsening diplomatic crisis between Qatar and other Arab countries is causing disruption in the former’s petrochemical [...]
SABIC, UCC sign deal to build petchem JV in KazakhstanJune 14, 2017 // 1 CommentSaudi Basic Industries Corporation (SABIC), Saudi Arabia’s largest non-oil company and a global leader in diversified [...]