IEA releases Oil Market Report for JanuaryJanuary 22, 2016 // 2 CommentsGlobal oil demand growth flipped from a near five-year high in the third quarter of last year, at 2.1 million barrels per [...]
ONGC Videsh to explore hydrocarbons in GuineaJanuary 22, 2016 // 2 CommentsONGC Videsh Limited and The Republic of Equatorial Guinea agreed to cooperate in the upstream hydrocarbon sector in [...]
Petronas plans to cut spendingJanuary 21, 2016 // 2 CommentsMalaysian-state owned oil company Petronas plans to cut its spending by RM 50 billion (US$11.4 billion) to cope with the oil [...]
Rosneft and BP dissolve Joint VentureJanuary 21, 2016 // 2 CommentsRosneft and BP agreed to dissolve the existing refining JV Ruhr Oel GmbH (ROG) as they move toward completion of the [...]
Saudi King and Chinese President inaugurate YASREF RefineryJanuary 21, 2016 // 4 CommentsSaudi Arabia’s King Salman bin Abdulaziz Al Saud and Chinese President Xi Jinping, jointly inaugurated the Yanbu Aramco [...]
Shell to cut 10,000 jobsJanuary 20, 2016 // 4 CommentsIn their full year report, Shell announced that it would be cutting 10,000 jobs, due to its merger with BG and the present [...]
BP to cut around 4,000 jobsJanuary 19, 2016 // 2 CommentsOil company BP announced that it would be cutting around one-sixth of its workforce (or 4,000 jobs) from its exploration and [...]
Scientists develop ‘cleaner’ dieselJanuary 18, 2016 // 2 CommentsResearchers from KU Leaven and Utrecht University discovered a method to produce diesel fuel that emits less Carbon Dioxide [...]
Tatneft project awarded National Project statusJanuary 18, 2016 // 3 CommentsTatneft’s project “Technology Development for hydroconversion of heavy petroleum feedstock to produce high-quality [...]
Lockheed Martin gets Exxonmobil contractJanuary 15, 2016 // 3 CommentsExxonMobil Research and Engineering Company (EMRE) awarded Lockheed Martin a contract to serve as the systems integrator in [...]