Petrochemical producers are expected to increase investments in Alberta in the coming few years, with the prospects of additional feedstock becoming available and current market conditions favoring NGL and ethane extraction costs, a key ...
Tags: petrochemical, petrochemical spending, NGL, ethane
Trade Arabia reported that crude oil output from the Organization of Petroleum Exporting Countries declined 90,000 barrels per day to 31.08 million barrels per day in November. This follows October production of 31.17 million barrels per ...
Tags: crude oil output, crude oil, oil export, oil
IRNA reported that Mr Rostam Qassemi oil minister of Saudi Arabia arrived in Vienna to take part in the 162nd ordinary meeting of the OPEC oil ministers due to be held on 12th 2012. It is the second meeting of the OPEC oil ministers in ...
Tags: OPEC meeting, oil, crude oil output, crude oil
European regulations aimed specifically at limiting emissions of volatile organic compounds (VOCs) from coatings have been mainly confined to decorative paints and the manufacture of the coatings themselves. The last piece of major ...
Tags: European, VOCs, decorative paints, manufacture of the coatings
Reuters reported that prominent UAE group Al Ghurair had no intention yet of selling its half ownership of Ras Lanuf, Libya's biggest refinery but also had not decided whether to go ahead with investing another USD 2 billion. Mr Essa Al ...
Tags: refinery, oil refining capacity, oil, Oil Company
On December 14, the first cargo with 2 million barrels of crude oil from Iraq’s Halfaya Oilfield left Basra for China, indicating that China National Petroleum Corporation (CNPC)‘s Halfaya Project has entered investment payback ...
Tags: CNPC, Crude Cargo, Mineral Energy
According to statistics released by the Bureau of Energy of the island, Taiwan, which imports more than 99% of its crude oil needs, imported 28.16 million barrels of crude oil in October this year, down 7.5% compared with the same period of ...
Tags: crude oil, down, CPC Corp, petroleum, natural gas, gasoline
US-based Baker Hughes on Tuesday became the second large-capital oil service company in as many weeks to issue a warning of lower fourth-quarter earnings because of weaker North American and international activity. Baker Hughes' North ...
Brent Crude oil has, despite times of elevated uncertainty, been trading within a relative stable trading range during the last couple of years, especially compared with previous years where extreme peaks and troughs appeared. Looking ...
Tags: oil price, Brent Crude oil, Mineral Energy
Saudi Arabia and the UAE are the new entrants from the MENA region to Ernst & Young's Renewable Energy Country Attractiveness Indices, which scores 40 countries across the globe on the attractiveness of their renewable energy markets, ...
Tags: Renewable Energy, Energy, energy infrastructure, individual technologies
Reliance Industries Limited (RIL) reported its financial performance for the quarter/half year ended 30th September, 2012. Highlights of Half Year’s Performance Revenues (turnover) increased by 14% to Rs 188,191 crore ($ 35.6 ...
Tags: financial performance, RIL, heavy crude oil
After a solid first half, BASF maintained good business performance overall in the third quarter. Sales rose by 8% to €19 billion, particularly due to higher volumes. At just under €2.1 billion, income from operations (EBIT) ...
AFP reported that OPEC will likely cut its oil production next year as prices risk falling in reaction to higher output from top crude consumer the United States and amid a slowing of energy demand growth. The Organization of Petroleum ...
Tags: oil production, top crude consumer, energy demand growth
The recent final investment decision taken by Gazprom on the development of the giant Chayanda gas field in East Siberia paves the way to move negotiations forward on gas supplies to China via the so-called eastern route, Gazprom CEO Alexei ...
Tags: gas supplies, pipeline, chayandinskoye
Iraq's State Oil Marketing Organisation has finalized a term deal to buy up to 1.097 million tonnes of gasoil for delivery next year from Swiss trader Vitol and oil major BP. Traders said that the company has agreed to pay a premium of ...