First production from the Papua New Guinea LNG project is now expected in the third quarter of this year, Australian joint venture partner Santos said Friday as it reported its financial results for 2013. Santos holds 13.5% of the ...
Tags: LNG project, Mineral
State-owned Bangladesh Petroleum Corp has submitted a formal request to the National Board of Revenue seeking a waiver from local taxes, value added taxes and other duties imposed on refined oil product imports, in order to borrow less from ...
Tags: Petroleum, Tax Waivers, Oil Product
Shortly after President Barack Obama announced the second phase of efficiency regulation for heavy trucks, Volvo and Daimler showed their support. "DTNA is committed to regulatory leadership and we applaud standards that include total ...
Tags: heavy trucks, Volvo, Daimler
Geothermal energy is set to play a bigger role as the State-owned Sinopec Group makes inroads into the clean fuel's exploration and development through international technological exchanges designed to reduce the country's carbon footprint. ...
Tags: Energy Source, Geothermal energy
A new natural gas discovery in southeast Sichuan province - the single biggest ever - could ease domestic shortages in as little as a year and give China a stronger hand in energy negotiations with Russia, according to some experts. China ...
Tags: natural gas, domestic shortages
Norwegian crude oil production in January averaged 1.568 million b/d of oil, up 5.7% from 1.484 million b/d for January 2013, according to preliminary figures released Friday by the Norwegian Petroleum Directorate. The latest figure also ...
Tags: Oil Output, Mineral
Norway sold 9.9 billion cubic meters of gas in January, down 6% from 10.5 Bcm a year earlier and below the 10.2 Bcm in December, according to preliminary figures Friday from the Norwegian Petroleum Directorate. It said gas and oil ...
China's shale gas industry could soon be entering its boom years. Thanks to the top two oil and gas giants - China National Petroleum Corp and Sinopec Group - the nation's shale gas output soared from 25 million cubic meters in 2012 to ...
European imports of polyethylene terephthalate shot up by over 30% in 2013, according to Eurostat data published this week, and market participants believe that the specter of imports continues to loom over European producers. From ...
India's state-owned refiners, who have all posted net losses over the first nine months of fiscal year 2013-2014 (April-March), are expected to turn in a profit for the full year as the government is likely to fully compensate them for ...
Tags: Refiners, Full-Year Losses
Net sales during the fourth quarter 2013 increased 3.3% to $91.6 million compared to $88.7 million during the same period in 2012. Domestic sales increased 6.2% or $3.4 million while international sales decreased 1.6% or $0.5 million. Sales ...
In a long-anticipated move, the US Environmental Protection Agency on Tuesday released guidelines for the use of diesel fuel in hydraulic fracturing fluid. The guidelines bring the agency into compliance with the Energy Policy Act of ...
Tags: Diesel Fuel, Fracking Fluid
Indian refiner Mangalore Refinery and Petrochemicals Ltd is close to completing the long-drawn-out third phase of its expansion project, which will see a new petroleum fluid catalytic cracker and delayed coker unit come onstream at its 15 ...
Tags: Refinery Expansion, Metallurgy
Nigerian Petroleum Development Co., the upstream arm of state oil company NNPC, Monday announced a $5.2 billion, four-year investment plan aimed at raising oil production to 300,000 b/d mainly from assets acquired from foreign oil companies ...
Tags: Oil Output, Metallurgy
Russia's state-owned Rosneft and China National Petroleum Corporation are in talks over upstream co-operation in Russia, including the Arctic and Far Eastern territories, and could reach concrete agreements by May, Rosneft CEO Igor Sechin ...
Tags: Rosneft, Upstream Pact