Iran Wants to Double Oil Exports After Sanctions Lifted July 6, 2015 // 2 Comments TEHRAN—Iran wants to double its crude exports soon after sanctions are lifted and is pushing other members of the [...]
Ghana aims to be port of call for west Africa’s offshore oil industry July 6, 2015 // 1 Comment The Atlantic waters off the west African coast teem with oil rigs and support vessels, most a very long way from home. [...]
Borneo Oil to invest more in Pahang July 6, 2015 // 2 Comments KUCHING: Borneo Oil Bhd, which is expected to commence gold mining activities soon in a second area in Pahang, plans to [...]
Asian petrochemicals gather steam July 5, 2015 // 1 Comment Also, download this story from the electronic issue here The petrochemicals sector, a significant contributor to the [...]
BP reaches US$18.7 billion settlement over deadly 2010 spill July 3, 2015 // 2 Comments BP Plc will pay up to US$18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from [...]
Oil prices stabilise amid oversupply pressures July 3, 2015 // 4 Comments NEW YORK – Oil prices were little changed on Thursday (Jul 2), a day after precipitous falls, as traders worried about [...]
US oil settles up US$1.14, or 2%, at US$59.47 a barrel July 2, 2015 // 0 Comments Oil prices bounced from three-week lows in choppy trade on Tuesday as investors awaited a Greek debt default. U.S. crude [...]
Shell goes ahead with giant Gulf of Mexico field after cost cuts July 2, 2015 // 2 Comments Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making [...]
Arctic oil rig departs Seattle-area port despite protest July 1, 2015 // 5 Comments SEATTLE – U.S. Coast Guard and police boats cleared a way through protesters in kayaks at a Seattle-area port on [...]
U.S. Rig Count Up for the First Time in Twenty Nine Weeks June 30, 2015 // 3 Comments In its weekly release, Houston-based oilfield services’ company Baker Hughes Inc. (BHI – Analyst Report) reported a [...]