Petronas to set up INA plant in PIC; investment of US$442 mnApril 20, 2017 // 2 CommentsPetronas Chemicals Group (PCG), a subsidiary of Malaysian petrochemicals/oil giant Petronas, is investing US$442 million to [...]
IEA: Global oil market close to balance with OPEC output cuts, rising US supplyApril 14, 2017 // 2 CommentsThe International Energy Agency (IEA) said the global oil market is close to matching up as OPEC’s landmark production [...]
Iran to cut benefits on crude oil sales to Indian state-run refinersApril 10, 2017 // 0 CommentsIran will reduce the benefits of some Indian state-run refiners on crude oil purchases after India decided to reduce the [...]
China overtakes Canada as biggest importer of US crude oilApril 7, 2017 // 1 CommentChina has now overtaken Canada as the biggest importer of US light crude oil, according to data by the US Census Bureau [...]
BP and DuPont jv, Butamax, to commercialise bio-isobutanol at new facility in KansasApril 4, 2017 // 1 CommentButamax Advanced Biofuels, a 50/50 joint venture between oil/gas company BP and Netherlands-headquartered chemicals firm [...]
Kuwaiti oil refinery firm to receive US$1 bn from JBIC, Japanese mega-banksApril 3, 2017 // 3 CommentsA Kuwaiti oil refiner firm is set to receive US$1 billion in funding from the Japan Bank for International Cooperation [...]
Pertamina to build six oil refineries; aims to achieve fuel oil self-sufficiencyMarch 31, 2017 // 1 CommentIndonesian state-owned oil and natural gas company Pertamina will develop and construct six oil refineries as it aims to [...]
US EIA: US daily crude oil exports in 2016 12% higher than previous yearMarch 29, 2017 // 3 CommentsThe US exported an average of 520,000 barrels of crude oil per day in 2016, which is 12% or 55,000 barrels more than what [...]
Hurricane Energy discovers ‘largest undeveloped’ oil in UK Continental ShelfMarch 29, 2017 // 2 CommentsNorth Sea oil exploration company Hurricane Energy has discovered what it describes as the “largest undeveloped” oil [...]
OPEC, non-OPEC producers to review oil supply cut extensionMarch 27, 2017 // 0 CommentsMembers of the Organization of Petroleum Exporting Countries (OPEC), along with other non-OPEC nations, will consider an [...]