China overtakes Canada as biggest importer of US crude oil April 7, 2017 // 1 Comment China 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 Kansas April 4, 2017 // 1 Comment Butamax 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-banks April 3, 2017 // 3 Comments A 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-sufficiency March 31, 2017 // 1 Comment Indonesian 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 year March 29, 2017 // 3 Comments The 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 Shelf March 29, 2017 // 2 Comments North 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 extension March 27, 2017 // 0 Comments Members of the Organization of Petroleum Exporting Countries (OPEC), along with other non-OPEC nations, will consider an [...]
China’s Sinopec buys its first major refinery, other oil assets in Africa March 24, 2017 // 1 Comment Asia’s largest oil refiner, China Petroleum and Chemical Corp (Sinopec) purchases its first major oil refinery in Africa [...]
Saudi Arabia signs multiple deals worth US$65 bn with Chinese firms March 22, 2017 // 1 Comment Saudi Arabia’s King Salman recent visit to China oversaw the signing of deals worth as much as US$65 billion as the [...]
Opal launches India’s largest petrochemical plant March 20, 2017 // 2 Comments India’s ONGC Petro additions Limited (OPaL), a joint venture company incorporated in 2006 between Oil and Natural Gas [...]