BP loses bid for lesser fine on Gulf spill rapFebruary 20, 2015 // 2 CommentsA US judge on has rejected BP Plc’s attempt to reduce the maximum civil fine it could face for its role in the 2010 [...]
Gulf Petrochem commissions first phase of Indian liquid cargo storageFebruary 20, 2015 // 3 CommentsGulf Petrochem Group, a leading player in the global oil industry has commissioned the first phase of its liquid cargo [...]
Sabic, Indian institutions form chemistry research dealFebruary 20, 2015 // 4 CommentsSaudi Arabia’s Sabic, one of the world’s top petrochemical companies, entered into strategic collaborations with [...]
Price of oil increasesFebruary 18, 2015 // 6 CommentsOil closed up after a weak start on Tuesday, with Brent crude rising to a 2015 high of US$63 a barrel as short-covering [...]
Oil traded at an almost two-month highFebruary 17, 2015 // 3 CommentsOil traded at an almost two-month high in London amid speculation that a slowdown in US drilling may curb production. Brent [...]
Malaysia extends zero duty on crude palm oil exportsFebruary 17, 2015 // 2 CommentsMalaysia is extending the zero duty on crude palm oil (CPO) exports for March based on the newly released CPO gazetted price [...]
China to import more crude oilFebruary 17, 2015 // 2 CommentsNew regulations have been put in China which they hope will encourage more imports of crude oil. Under rules posted by the [...]
Oil rose to near US$62 a barrel as war in Libya escalatesFebruary 17, 2015 // 7 CommentsOil rose to near US$62 a barrel on Monday, supported by concerns over the escalating conflict with Islamic State militants [...]
Malaysian oil and gas sector to account for 22 % of government revenueFebruary 13, 2015 // 2 CommentsThe oil and gas (O&G) sector is projected to account for 22% of Government revenue this year. This is due to the [...]
Apache Corp slashes rig count as price of oil dropsFebruary 13, 2015 // 6 CommentsApache Corp, one of the top U.S. shale oil producers, said on Thursday it would slash capital expenditures and its rig count [...]