Broker denies he is guilty in controversial oil rig dealSeptember 7, 2015 // 1 CommentReza Mostafavi Tabatabaei is working hard to clear his name four years after Iran spent US$87 million (RM375 million) to buy [...]
Iran exported more than $1.494b of petrochemicals in 5 monthsSeptember 7, 2015 // 3 CommentsTEHRAN – Iran’s Petrochemical Commercial Company’s Managing Director Mehdi Sharifi Niknafs has announced that the [...]
US shale oil industry faces US$30bn outflowsSeptember 7, 2015 // 1 CommentUS shale producers faced a cash outflow of more than $30bn in the first half of the year. This is due to a rise in [...]
Oil & Gas Materials ExpertiseSeptember 4, 2015 // 6 CommentsThe structure of oilfield rigs and pipelines is primarily composed of steel, however many non-metallic materials make up [...]
ABB wins US$15 million order to upgrade control systems at Kårstø gas plantSeptember 4, 2015 // 2 CommentsOSLO – ABB, the leading power and automation technology group, has been awarded a US$15 million contract by Norwegian [...]
Muhibbah JV obtains RM950m Petronas contractSeptember 4, 2015 // 2 CommentsKUALA LUMPUR – Muhibbah JV has successfully obtained an RM 949.60 million contract from Petroliam Nasional Bhd. The [...]
UAE and India to increase cooperationSeptember 4, 2015 // 3 CommentsIndia and the United Arab Emirates (UAE) will set up joint working group on petrochemicals, fertilisers and hydrocarbons. [...]
Stocks and oil fall amidst fears for China’s economySeptember 3, 2015 // 0 CommentsNEW YORK – Stocks and oil prices fell on Tuesday after concerns for China’s economy. The fall in oil prices ended a [...]
Plan for Ophir oil field approvedSeptember 3, 2015 // 1 CommentPETALING JAYA – The revised field development plan (FDP) for the Ophir oil field has been approved by Petroliam Nasional [...]
Second segment of Aegis Ethane pipeline completedSeptember 3, 2015 // 4 CommentsHOUSTON – The second segment of the Aegis pipeline which delivers ethane from Beaumont to Lake Charles has been completed. [...]