Andeavor to up its combined capacity to 96 % this Q1February 19, 2018 // 4 CommentsIndependent refiner Andeavor announced that it plans to run its 10 U.S. refineries up to 96 % of their combined capacity of [...]
BP eyes more investments in 2018February 19, 2018 // 6 CommentsBritish oil major BP, which operates a number of oil and gas fields in Azerbaijan, intends to advance with new projects, [...]
Qatar Petroleum continues its international expansion and signs an agreement for exploration in South AfricaFebruary 19, 2018 // 3 CommentsQatar Petroleum entered into an agreement with Total of France to acquire a 25% participating interest in the Exploration [...]
Malaysia lauds Thailand’s move to reject EU’s adoption of trade barrier against palm oilFebruary 14, 2018 // 4 CommentsThailand has joined Indonesia in rejecting the adoption of trade barrier against palm oil by the European Union. Malaysia [...]
GS Caltex to invest in facility for feedstock in South KoreaFebruary 13, 2018 // 3 CommentsSouth Korea’s leading oil refiner GS Caltex will invest US$1.8 billion in an olefin production facility and mixed feed [...]
India ONGC-led group wins stake in ADNOC offshore oil concessionFebruary 12, 2018 // 4 CommentsA consortium led by India’s Oil and Natural Gas Corp (ONGC) has become the first group to win a stake in Abu Dhabi [...]
Samsung Engineering JV wins US$3.1 billion UAE refinery projectFebruary 9, 2018 // 1 CommentSamsung Engineering said its joint venture with CB&I Nederland, has been awarded a major contract by Abu Dhabi National [...]
Chevron reports fourth- quarter earnings of US$3.1 billion, annual earnings of US$9.2 billionFebruary 7, 2018 // 5 CommentsChevron Corporation recently reported earnings of US$3.1 billion (US$1.64 per share – diluted) for fourth quarter 2017, [...]
Hess sees 13th straight quarterly loss and shares dipFebruary 7, 2018 // 1 CommentU.S. oil and gas producer Hess Corp posted its 13th straight quarterly loss on Monday as increasing expenses offset rising [...]
Bankrupt Breitburn Energy receives US$1.8 billion full cash offer from Lime Rock ResourcesFebruary 5, 2018 // 3 Comments Breitburn Energy Partners LP has received a US$1.8 billion full cash offer from Lime Rock Resources. This is a surprise [...]