Sinopec raises butadiene offers by 6% in East China July 6, 2017 // 3 Comments Sinopec, or China Petroleum & Chemical Corp., increased its ex-works butadiene offers in East China by Yuan 500/metric [...]
India offers Iran as much as US$11 bn for Farzad-B gas field development July 3, 2017 // 1 Comment A consortium of Indian companies led by ONGC Videsh Ltd. (OVL), a division of multinational oil and gas company Oil and [...]
India looks to increase output from domestic oil & gas fields June 30, 2017 // 4 Comments The petroleum ministry has increased the monitoring of oil and gas fields given to state-owned firms like ONGC, in [...]
Saudi Arabia aims to transform economy with crude-to-oil projects June 29, 2017 // 0 Comments Saudi Arabia forays into a major economic overhaul, and targeting to develop downstream petrochem projects as well as invest [...]
Iran’s Kharg oil terminal increases capacity to 8 million bpd June 28, 2017 // 1 Comment Iran’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 balancing June 26, 2017 // 2 Comments Faltering 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 Oil June 25, 2017 // 1 Comment Officials 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 –report June 21, 2017 // 2 Comments If 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 field June 21, 2017 // 1 Comment French 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 Arctic June 19, 2017 // 2 Comments Russian state-owned oil major Rosneft has discovered an oil field in the Laptev Sea in the Eastern Artic as a result of the [...]