Taiwan’s Formosa Petrochemical forecasts earnings growth for 2017 June 9, 2017 // 1 Comment Formosa Petrochemical Corp., Taiwan’s only listed oil refiner, has forecasted positive earnings growth due to stable [...]
Saudi Aramco crude prices to Asia, US rise on high demand June 5, 2017 // 1 Comment After the extension of the production cut deal between OPEC and non-OPEC members this month, the pricing for Saudi [...]
Cardinal Energy to buy Apache’s Canadian oil assets for US$244 mn June 2, 2017 // 3 Comments Cardinal Energy Ltd., a Canada-based oil-focused company, will purchase the Canadian oil assets of US oil and gas producer [...]
EuroChem and ChemChina sign MOU for Russia’s first PU plant June 2, 2017 // 1 Comment Swiss fertiliser company EuroChem Group has signed an MOU with China National Chemical Corporation (ChemChina), the largest [...]
IEA: Oil market expected to tighten by 2022 May 31, 2017 // 3 Comments The International Energy Agency (IEA) expects the oil market to gradually tighten due to lower upstream investments and [...]
Iran signs oil-for-goods barter deal with Russia May 29, 2017 // 1 Comment Iran and Russia have signed an agreement to trade oil for products, according to an announcement made by Iranian Oil [...]
Thailand’s PTTEP to extend operations in Asia May 26, 2017 // 2 Comments PTT Exploration and Production Pcl (PTTEP), the largest oil and gas explorer and producer in Thailand, is planning to extend [...]
Eni signs oil and gas deal with Oman Oil May 26, 2017 // 2 Comments Italian integrated energy company Eni has finalized a deal with Oman Oil Company S.A.O.C. (OOC), the Sultanate’s [...]
Saudi Aramco to invest up to US$30 bn in its US subsidiary by 2023 May 24, 2017 // 2 Comments Saudi Aramco is planning to invest as much as US$30 billion in its US subsidiary, Motiva Enterprises LLC, to expand its [...]
Saudi Aramco signs US$50 bn deal with US companies May 22, 2017 // 2 Comments Saudi Aramco has signed agreements estimated to be worth around US$50 billion with major US companies to promote and enhance [...]