The UK government believes there is much greater opportunity in developing the North Sea's remaining oil and gas resources than in the fledgling onshore shale gas sector, and plans to implement speedily recommendations laid out in a final ...
Tags: Shale Gas, North Sea Investment
Oil futures settled higher Monday on support from firm US equities, geopolitical tensions and an easing of Libyan oil output, but the upside was limited by weak Chinese and eurozone data. NYMEX April crude settled 62 cents higher at ...
Tags: Oil Futures, oil output
Critical flow control systems in high-technology engineering applications, such as those designed for fuel lines in aviation, Formula One motorsport and the oil industry, increasingly require components which provide the highest levels of ...
Tags: Check Valve, Critical Flow Control
Global foreign direct investment (FDI) rose to levels not seen since the start of the global economic crisis in 2008, increasing by 11 per cent in 2013 to an estimated $1.46 trillion, with the lion's share going to developing countries, ...
Tags: trade, Investment
Explosion-proof lighting fixtures taking advantage of spark-free LEDs. LED lamps sales value in explosion-proof lighting apps. The sales value of light emitting diode-based lamps for explosion-proof lighting applications will ...
Tags: LED Lamps, Safety Lighting
For the first time in its production history, Altos Hornos de Mexico (AHMSA) exceeded the annual level of 4 million tons of crude steel and finished 2013 with a total volume of 4.155 million tons--7 percent more than the 2012 total. The ...
Tags: Steel Production, Mineral
The Obama administration is nearing a decision on allowing seismic testing off the Atlantic Coast, a critical step in opening waters off Virginia, the Carolinas and elsewhere to oil drilling. A study of what the controversial seismic ...
Tags: Oil Drilling, Metallurgy, Mineral, Energy
Prices of renewable fuel credits, known as RINs, which surged in early 2013, did not have any impact on gasoline prices, according to an analysis commissioned by an ethanol trade group released Tuesday. The study, conducted by commodities ...
Tags: Gasoline Prices, Mineral
NYMEX February crude settled $1.48 lower at $93.96/barrel Friday, as a large draw in stockpiles was overshadowed by a sharp drop off in product demand and rising distillate stocks. ICE February Brent settled 89 cents lower at $106.89/b. ...
Tags: stockpiles, crude, Mineral
Hickory Ground Solutions, LLC, of Heathsville, Va., is helping to ease the pain of potential tornado destruction in Central Oklahoma's oil industry with supply chain mapping analysis. This area gets hit hard with a lot of tornados. It can ...
Platts – Oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 29.7 million barrels per day (b/d) in November, the lowest volume since mid-2011 when the uprising in Libya significantly reduced the ...
Tags: Platts, OPEC, oil production, Platts survey of OPEC
Argentina plans to increase the allowance for refiners and other companies to import diesel and gasoline supplies under a tax-free program in 2014, Economy Minister Axel Kicillof said Friday. He said the government will allow companies to ...
Tags: Fuel Imports, Tax-Free Program, Argentina
A long-running spat between Changqing oil field and Yulin government in Northwest China's Shaanxi Province has moved a step closer to being resolved after 21 of the oil and gas producer's 22 bank accounts were unfrozen. A Yulin government ...
Tags: Eco-Compensation, Oil Producer
An Iranian deputy minister of petroleum has said that administration of Hassan Rouhani welcomes Japanese and European firms’ investment in Iran’s oil industry. Speaking to Yomiuri Shimbun, Ali Majedi said that the ...
Tags: investment, mineral, oil
OPEC should realize the reality that higher oil prices are unnatural and the result of geopolitical issues including imposing sanctions on Iran, a situation that will not be helpful to the organization. Former Iran’s governor for ...