U.S. crude oil production will come close to its record high by 2016 as the energy boom continues to reshape the U.S. economy, the U.S. Energy Information Administration (EIA) said Monday in a new report. Domestic crude oil production ...
Tags: Oil Production, Energy
BreitBurn Energy Partners L.P. (the "Partnership") (NASDAQ:BBEP) today announced it has signed a definitive agreement to acquire additional oil and natural gas properties in the Permian Basin in Texas for approximately $282 million, subject ...
Tags: Oil and Gas News, Breitburn Energy, Acquisition, Permian Basin Interests
Global demand for gasoline will remain flat from 2014-2040, but global demand for diesel should grow by about 75% over the period to meet the needs of trucks and other commercial transportation, ExxonMobil said Thursday in its annual ...
Tags: Metallurgy, Mineral, Energy, gasoline
The Krohnert Industries dealerships now have full access to Advance Engineered Products' entire line of bulk hauling specialty trailers, parts, engineering support and access to service facilities across Canada. Krohnert is a 65-year ...
Tags: Transportation, Auto, Truck
Wintershall, a 100% BASF subsidiary, is optimizing its portfolio through divesting its share in selected assets on the UK Continental Shelf. Through the transaction, the Hungarian MOL Group will acquire 14 licenses in the North Sea, ...
China Petrochemical Corp, Asia's top refiner, is expanding in Africa through investment and social involvement, Du Juan reports As Africa becomes increasingly important in the global energy structure, with growing proven reserves of oil ...
Tags: Sinopec, China Petrochemical
China will adjust some of its customs duties on Jan. 1, 2014 to aid economic restructuring and achieve balanced trade growth, the Ministry of Finance said on Wednesday. Tariffs on some 760 imported commodities will be lowered by an ...
Tags: Customs Duties, Tariffs
Rolls-Royce, the global power systems company, has been awarded a strategic contract to supply Abu Dhabi Marine Operating Company (ADMA-OPCO) with power generation equipment and related services to help boost oil and gas processing at the ...
Tags: Rolls-Royce, UAE, oil, gas, energy
China's Ministry of Commerce (MOC) has announced that during last week (December 2-8) the overall average finished steel price in China increased by 0.1 percent week on week. In the given week, the average prices of 500 mm x 200 mm ...
Tags: Finished Steel, Metallurgy
Sapphire Energy, Inc., one of the world leaders in algae-based Green Crude oil production, and Phillips 66 (NYSE: PSX), an integrated energy manufacturing and logistics company, announced a strategic joint development agreement aimed at ...
Tags: Metallurgy, Mineral, Energy, Crude Oil, Oil
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
Carbon Sciences, Inc. (CABN), provider of a complete solution for transforming abundant and affordable natural gas into clean burning gasoline and other transportation fuels, today announced that it is actively considering several Texas ...
Tags: Carbon, Metallurgy, Mineral, Energy
Hess Corporation (NYSE:HES) today completed the previously announced sale of its Natuna A asset, located off the coast of Indonesia, to PT Pertamina and PTT Exploration and Production Company Limited for a total after-tax consideration of ...
Tags: Oil and Gas News, Hess, Natuna Asset, Sale
The Treasury said that the carbon tax or will be released around in 2016 or 2017, the Preliminary tax is "10 yuan per tonne of carbon dioxide and then gradually increase". The carbon tax is mainly from coal, crude oil, natural gas; the tax ...
Tags: Carbon Tax, Metallurgy, Mineral, Carbon
Mark Hurley, Chief Executive Officer, and Alex Stallings, Chief Financial Officer, of Blueknight Energy Partners, L.P. ("BKEP" or the "Partnership") (NASDAQ: BKEP) (NASDAQ: BKEPP), a midstream energy company focused on providing integrated ...
Tags: Metallurgy, Mineral, Energy