Oil price increases, but supply is growing at a faster rateMarch 16, 2018 // 1 CommentOil prices edged higher in choppy trade on Thursday after the International Energy Agency said global oil demand is expected [...]
New research phase by ExxonMobil and Synthetic Genomics could produce 10,000 barrels of algae biofuel per day by 2025March 16, 2018 // 3 CommentsExxonMobil and Synthetic Genomics Inc. today said that it is entering a new phase in their joint algae biofuel research [...]
UPM to create bio-refinery producing biofuels from crude tall oil in FinlandMarch 16, 2018 // 0 CommentsUPM is to invest in a biorefinery producing biofuels from crude tall oil in Lappeenranta, Finland – the world’s first. [...]
IGP, Cosco and JGT to build methanol plants in IGP Methanol’s Gulf Coast Methanol ParkMarch 16, 2018 // 3 CommentsIGP Methanol (IGP), Cosco, and Jinguotou (JGT) will construct up to two methanol plants in IGP Methanol’s Gulf Coast [...]
ExxonMobil to grow business in Asia/US; to double earnings by 2025March 16, 2018 // 2 CommentsChemicals/oil major ExxonMobil expects to grow its chemicals manufacturing capacity in North America and Asia Pacific by [...]
Saudi Aramco IPO to be delayed?March 15, 2018 // 7 CommentsThe mammoth listing of state-owned oil/chemicals firm Saudi Aramco is unlikely to go ahead this year, according to the [...]
Saudi Aramco and Sabic award contract to Wood for further work on their crude oil-to-chemicals (COTC) complexMarch 14, 2018 // 5 CommentsSaudi Aramco and Sabic has awarded a contract for project management and front-end engineering design (FEED) to Wood. Wood [...]
New oil and gas discovery in Gabon for Petronas subsidiaryMarch 14, 2018 // 2 CommentsPC Gabon Upstream SA, a subsidiary of Petroliam Nasional Bhd (Petronas), recently made a new oil and gas discovery from the [...]
Hibiscus Australia JV receives extension to its exploration permitMarch 12, 2018 // 4 CommentsThe Australian National Offshore Petroleum Titles Administrator has given a five-year extension to the exploration permit of [...]
Abu Dhabi National Oil Company and Italy’s Eni sign offshore concession agreementsMarch 12, 2018 // 1 CommentThe Abu Dhabi National Oil Company (ADNOC) has signed two historic agreements awarding Italy’s multinational oil and [...]