IEA: Oil market expected to tighten by 2022May 31, 2017 // 2 CommentsThe International Energy Agency (IEA) expects the oil market to gradually tighten due to lower upstream investments and [...]
Iran signs oil-for-goods barter deal with RussiaMay 29, 2017 // 4 CommentsIran and Russia have signed an agreement to trade oil for products, according to an announcement made by Iranian Oil [...]
Thailand’s PTTEP to extend operations in AsiaMay 26, 2017 // 3 CommentsPTT Exploration and Production Pcl (PTTEP), the largest oil and gas explorer and producer in Thailand, is planning to extend [...]
China approves oil and gas sector reformMay 22, 2017 // 0 CommentsThe Central Committee of the Communist Party of China (CPC) and the State Council, or the cabinet, of China have approved a [...]
CREC awarded EPC contract to build Asia Petroleum Hub oil terminalMay 15, 2017 // 0 CommentsChina Railway Engineering Corporation (CREC) has been awarded the engineering, procurement and construction (EPC) contract [...]
Turkmenistan likely to join OPEC-led oil supply cut dealMay 12, 2017 // 2 CommentsTurkmenistan is expected to join the oil supply cut deal led by the Organization of the Petroleum Exporting Countries (OPEC) [...]
Oil refiners Idemitsu, Showa Shell form alliance ahead of stalled merger dealMay 12, 2017 // 1 CommentJapan-based oil companies Idemitsu Kosan Co Ltd and Showa Shell Sekiyu KK, the base of Royal Dutch Shell group in Japan, [...]
Saudi Aramco to cut June oil exports to Asia to meet rising local demandMay 10, 2017 // 5 CommentsSaudi Aramco is cutting its oil exports to Asian markets in June by about 7 million barrels as it cuts output as part of the [...]
Trafigura’s Puma Energy opens US$92 mn oil and gas terminal in MyanmarMay 10, 2017 // 5 CommentsPuma Energy, the fuel storage and petrol station business majority-owned by Swiss commodities trading house Trafigura, is [...]
Malaysian oil, gas companies urged to promote natural gas, renewable energyMay 10, 2017 // 3 CommentsMalaysian Prime Minister Datuk Seri Najib Abdul Razak urged the country’s oil and gas companies to help promote the use of [...]