Turkmenistan likely to join OPEC-led oil supply cut deal May 12, 2017 // 2 Comments Turkmenistan is expected to join the oil supply cut deal led by the Organization of the Petroleum Exporting Countries (OPEC) [...]
Oil refiners Idemitsu, Showa Shell form alliance ahead of stalled merger deal May 12, 2017 // 1 Comment Japan-based oil companies Idemitsu Kosan Co Ltd and Showa Shell Sekiyu KK, the base of Royal Dutch Shell group in Japan, [...]
Saudi Aramco to cut June oil exports to Asia to meet rising local demand May 10, 2017 // 4 Comments Saudi Aramco is cutting its oil exports to Asian markets in June by about 7 million barrels as it cuts output as part of the [...]
Trafigura’s Puma Energy opens US$92 mn oil and gas terminal in Myanmar May 10, 2017 // 2 Comments Puma Energy, the fuel storage and petrol station business majority-owned by Swiss commodities trading house Trafigura, is [...]
Malaysian oil, gas companies urged to promote natural gas, renewable energy May 10, 2017 // 4 Comments Malaysian Prime Minister Datuk Seri Najib Abdul Razak urged the country’s oil and gas companies to help promote the use of [...]
Iran to follow OPEC’s decision on extension of oil production cuts May 8, 2017 // 2 Comments Iran will follow whatever decision the Organization of the Petroleum Exporting Countries (OPEC) makes at its meeting later [...]
Cambodia breaks ground on the site of its first oil refinery May 5, 2017 // 1 Comment A groundbreaking ceremony was held on the site of Cambodia’s first oil refinery, a US$620 million project aimed at [...]
Iran’s oil output expected to increase in 2018 to reach 4.06mn bpd May 3, 2017 // 2 Comments Iran’s oil production has been steadily increasing during the past few years, from 2.92 million barrels per day (mbpd) in [...]
China should increase strategic oil reserve to keep supply safe, NBS says May 3, 2017 // 3 Comments China should further expand its strategic petroleum reserve (SPR) in the next two years to ensure safe supply of oil in the [...]
Sixteen Malaysian oil, gas companies to participate in OTC 2017 in Houston May 1, 2017 // 4 Comments Sixteen Malaysian oil & gas companies are participating at the Offshore Technology Conference (OTC) 2017, the largest [...]