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Sinopec Makes Major Commercial Discovery in Xinjiang

Sep 28, 2016

Sinopec announced on August 29 that it has made a major commercial discovery in Shunbei Oilfield in Xinjiang’s Tarim Basin, which is expected to bring the oil production capacity of the oilfield to 1.5 million tonnes during the 13th ...

Tags: Sinopec, major commercial discovery, Tarim Basin

Abu Dhabi Seeks 25% Cost Savings on Major Oil Projects: Report

Nov 6, 2015

State-owned Abu Dhabi National Oil Co, (Adnoc) is seeking to cut 25% off its operating and capital spending, a senior official at the company was quoted as saying Thursday. "...we are trying to bring down operating expenditures and also ...

Tags: Abu Dhabi, oil

Iraq Aims to Boost Its Oil Exports by Nearly 26% to 3.4 Million B/D in 2014

Feb 28, 2014

Iraq aims to boost its oil exports by nearly 26% to 3.4 million b/d in 2014, a senior official said Wednesday. "Exports reached more than 2.7 million b/d this month, and the rate [that] is planned for 2014, including exports from the ...

Tags: Crude Oil, Mineral

Keppel Shipyard and Keppel Nantong Have Secured Five Contracts Worth About S$150 Million

Dec 20, 2013

Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) have secured five contracts worth about S$150 million in total. Mr Michael Chia, MD ...

Tags: Keppel, transportation

Petroleum Ministry Plans to Hold a Conference to Introduce Revised Oil Contracts Structure

Nov 14, 2013

Wednesday, Nov 13, 2013 Iran’s Petroleum Ministry plans to hold a conference in London in March 2014 in order to introduce revised oil contracts structure, the head of ministerial committee for oil contracts revision said. Mehdi ...

Tags: Pars, oil, gas, Iran, London

Kuwait Will Increase Its Oil Production Capacity to About 3.6 Million B/D by 2022

May 31, 2013

Kuwait will increase its oil production capacity to about 3.6 million b/d by 2022, according to a study by the emirate's Diplomatic Center for Strategic Studies (DCSS). The official KUNA news agency reported Wednesday that the study said ...

Tags: Oil, Metallurgy, Mineral, Energy

Saudi Aramco Boosted Its Crude Production to a Record 9.506 Million B/D in 2012

May 29, 2013

Saudi Aramco boosted its crude production to a record 9.506 million b/d in 2012, excluding blended natural gas liquids, up 5% from 9.068 million b/d in 2011, the company said in its latest annual report. "During 2012 at Saudi Aramco, we ...

Tags: Saudi Aramco, Crude Output

LUKoil Has Said It Has Cut Its Oil Production Plan in Iraq by Almost a Third

Jan 5, 2013

Russia’s LUKoil has said it has cut its oil production plan in Iraq by almost a third, in line with the local government’s plans to increase the lifetime of its oilfields, reports Al Arabiya. Andrei Kuzyayev, head of LUKoil ...

Tags: Iraq, oil production plan, oil output, oil industry

The UAE Produced 2.67 Million Barrels Per Day in October

Dec 13, 2012

Latest data from the Paris based International Energy Agency showed that the UAE, on average, produced 2.67 million barrels per day in October 0.74% lower than its output in September. IEA said that in the Q1 of 2013, increased ...

Tags: IEA, project expansions, oil production capacity

OPEC Comes at a Time When The Oil Refining Industry Is Passing Through Many Changes

Nov 30, 2012

Gulf News reported that the recently issued World Oil Outlook report by OPEC comes at a time when the oil refining industry is passing through many changes around the world. While the refinery distillation capacity is stagnant in the US, ...

Tags: OPEC, oil refining industry, refinery

Saudi Is Pushing Ahead with a Major Project to Develop The World's Fifth Largest Oilfield

Nov 29, 2012

Saudi Arabia is pushing ahead with a major project to develop the world's fifth largest oilfield which will pump nearly 900,000 barrels per day of heavy crude and 90 million cubic feet per day of sour gas. State owned Saudi Aramco said ...

Tags: oilfield, Heavy crude oil, crude oil

Russia Is Once Again One of The Fastest Growing Coatings Markets in Europe

Jul 12, 2011

Russia is once again one of the fastest growing coatings markets in Europe with the strong likelihood that it will soon be the region's largest by value. However there are doubts about whether it will be able to keep up the pace of ...

Tags: coating

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