New Swire Oilfield Services yard opens in MalaysiaMarch 20, 2015 // 2 CommentsSwire Oilfield Services has expanded its presence in Malaysia with the launch of its new yard in Kemaman. The yard is run [...]
First Southeast Asia land-based oil storage facility in operationMarch 19, 2015 // 4 CommentsSINGAPORE-Southeast Asia’s first independent crude-oil storage facility has started operations in southern Malaysia. [...]
Mubadala Petroleum, Morocco sign geological study pactMarch 19, 2015 // 2 CommentsMubadala Petroleum has signed an agreement with Morocco’s Office National des Hydrocarbureset des Mines (ONHYM) to carry [...]
Oil hit by stockpile fearsMarch 18, 2015 // 4 CommentsOil prices came under renewed pressure in Tuesday’s post-settlement trade, after a 3-day losing streak, as an industry [...]
Britain needs oil tax cut to attract investmentsMarch 17, 2015 // 1 CommentBritain’s finance minister must announce bold oil tax changes in his 2015-16 budget this week to inject new life into [...]
Four reasons why crude oil price is fallingMarch 17, 2015 // 1 CommentStrong U.S. Dollar The strength of the U.S. dollar was the main driver for oil’s decline Monday after the U.S. dollar [...]
China’s oil demand in Jan to Feb risesMarch 16, 2015 // 2 CommentsChina’s apparent oil demand rose 2.6% over the first two months of this year to 83.92 million mt or an average 10.43 [...]
Despite fall of oil price, UK to create 8000 oil and gas jobsMarch 13, 2015 // 3 CommentsUK oil and gas companies expect to create thousands of jobs over the next two years despite the dramatic slide in oil [...]
Cheap oil to boost profitMarch 13, 2015 // 6 CommentsEurope’s largest oil companies are gaining support from an unlikely source as they confront the industry’s worst [...]
Oil factsheetMarch 13, 2015 // 3 CommentsOil is changing. Conventional oil resources are dwindling as tight oil, oil sands, heavy oils, and others emerge. [...]