Analysts believe China may cut the price of refined oil on Friday in response to a drop in global crude oil prices. The moving average of a basket of crude oil prices, to which China's refined oil prices are pegged, dropped 3.23 percent ...
Tags: Refined Oil, Crude Oil
Thousands of meters beneath the waves and the sea floor, new technology pioneered by small firms is helping to make oil production sustainable at extreme temperature and pressure. More than a decade of high oil prices combined with ...
Tags: Oil, Metallurgy, Mineral, Energy
By 2050, there will be two billion vehicles in the world - 1.2 billion more than today - doubling energy demand from 2000 levels, and most of them will still be powered by conventional liquid fuels. Meanwhile, every single litre of diesel ...
Tags: Energy, Transportation
One of the priorities of Iran's Oil Ministry is to restore the country's "lost" share in oil market, local media quoted Iranian Oil Minister Bijan Namdar-Zanganeh as saying on Monday. Namdar-Zanganeh, who was endorsed as new oil minister ...
Tags: Oil Market, Energy
Possible deals said to be in the works with Exxon Mobil, Russia's Lukoil PetroChina Co, China's largest oil explorer, may join with United States-based energy giant Exxon Mobil Corp to co-develop the West Qurna oilfield in Iraq, which ...
Tags: Petrochina, Chemicals
Roundtable on Sustainable Palm Oil (RSPO) has collaborated with Olenex C.V and New Britain Palm Oil (NBPOL) to provide a wide range of fully traceable, segregated sustainable palm oil for the European market. Established in 2004, RSPO is ...
Tags: Sustainable Palm Oil
HMS Hydraulic Machines & Systems Group PLC announces that it has concluded the agreement with Transneft for production and delivery of 8 trunk pipeline pump units for 2 pump stations of the Zapolarye ? Purpe Oil Pipeline totaled Rub 1.5 bn ...
Tags: Processing Machinery
Welding technology has been widely applied in the oil industry and played an increasingly important role. For coiled tubing drilling, the weakest of the bottom hole assembly (BHA) that is dangerous section of the welds. In recent years, ...
Tags: Welding, Industrial Equipment
The Sohar-based aromatic plant of Oman Refineries and Petrochemical Industries Company (Orpic) has attained record levels in benzene and paraxylene production, which has grown by 51 percent as compared to last three year’s average ...
Tags: Textile, Orpic Aromatic Plant
Oil drilling industry is considered as the most delicate industries in the world. With the increasing demand of natural gas and oil various companies continuously look forward to improve the production of existing wells. China is the first ...
Tags: Oil, gas, Metallurgy, Mineral, Energy
Even with the shale revolution leading to booming US oil production, the head of the US Energy Information Administration said Wednesday he does not expect the country to become an oil exporter any time soon. Beyond the political ...
The US saw its biggest ever yearly rise in oil production last year as its booming shale oil industry continues to transform the global oil market, BP said Wednesday. At the same time, global proven oil reserves continue to grow and are ...
Chinese oil giant Sinopec is expected to see drilling right of an oil field operated by its subsidiary Addax Petroleum in Gabon be withdrawn by local government. Etienne Ngoubou, a senior official with the Gabonese government, disclosed ...
Tags: Metallurgy, Sinopec
A combination of new supply sources and rising costs at home could mean Australia's burgeoning LNG sector losing ground to new players, several speakers at an oil industry conference in Brisbane warned this week. On Sunday the chief ...
Tags: Australian LNG, New Supply
A long-standing dispute over the problems surrounding Kenya's sole refinery in Mombasa is escalating, triggering fears the country could lose clout as an investment magnet for neighboring countries. A financial crisis at the aging plant ...
Tags: Chemicals, Metallurgy, Mineral, Energy