The European Union's top climate change official said Thursday that President Barack Obama can show his commitment to climate change action by rejecting TransCanada's plan to build the Keystone XL pipeline. "I think that would be an ...
Tags: climate change, pipeline, oil industry
It’s reported that the Argentina Steel Chamber (CAA) predicted that the country’s steel consumption and demand might rise by at least 5% year on year in 2013. According to the forecast made by CAA, the country’s flat ...
Tags: steel demand, flat steel, steel
The Province of Missan has emerged as a major oil producer in Iraq as more of its oil fields come on stream. Ali Muaarij, the head of Missan Oil Company, said foreign firms are developing these fields and currently the province produces ...
Tags: oil, Iraq, oil industry
Gasoline blended with 15% ethanol caused failure in a "substantial" portion of fuel pumps and other components in a test designed to represent 29 million vehicles approved to use the fuel, according to a study the Coordinating Research ...
Tags: Gasoline, fuel pumps, gas
WesternZagros Resources has announced a fourfold increase in the Company’s contingent resource estimates at the giant oil discovery on the Kurdamir Block in the Kurdistan Region of Iraq. Shares closed up 2.7 percent on Monday, but ...
Tags: WesternZagros Resources, fourfold increase, contingent resource
At the suggestion of the State-Owned Assets Supervision and Administration Commission of the State Council of China (SASAC), Chinese state-owned enterprise Sinochem Group, the country’s fourth-largest oil company, has started initial ...
Tags: oil, chemical fertilizers, oil industry
By John Lee. Oil exports from Iraq’s southern Basra terminals were restored to 2.35 million barrels on Saturday bad weather on Friday, according to a report from The National. Output was said to have fallen to just 1.32 million ...
Tags: Oil Exports, Iraq, crude oil, oil industry
THE Sinopec Group, the world's fifth largest oil company said that it will jointly study shale gas development with ConocoPhilips in southwest China's Sichuan Basin over the next two years. A statement from Sinopec said the Sinopec ...
Tags: THE Sinopec Group, oil industry, shale gas, ConocoPhilips
By John Lee. The board of Petrel Resources has reluctantly accepted the resignation with immediate effect of Guy Delbès (pictured), who was instrumental in bringing the company to Iraq. A statement from the company continued: ...
Tags: Iraq, board of Petrel Resources, Guy Delbès, resource
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
Russia's crude oil production hit a record high of 518 million mt (10.4 million b/d) in 2012, preliminary data released Wednesday by the energy ministry's Central Dispatching Unit showed, as the country cemented its position as the world's ...
Tags: Russia, crude oil production, oil, oil industry
Reuters cited oil ministry and industry sources as saying that oil major BP is close to reaching a deal with Iraq to cut the final production target for the supergiant Rumaila oilfield to between 1.8 million and 2.2 million barrels per day. ...
Tags: BP, deal, Iraq, output target
Much like the Pakistani market at present Bangladeshi buyers are there to acquire preferred units whilst largely ignoring those vessels that actually are firm candidates. A dearth of VLCCs, suezmax tankers, and capesize bulkers oil late ...
Tags: Pakistani market, vessels, oil, oil industry
A noticeable slowing in the number of candidates and actual deals concluded for the week seemed to signal the start of the inevitable slowdown mat will likely characterize the Christmas and New Year period. Indeed, many units that had ...
Tags: India, oil, oil industry, festive period
AFP reported that Russian President Vladimir Putin unveiled the final extension of a new USD 25 billion oil pipeline to the Pacific that marks the energy power's gradual shift away from weak European markets. The East Siberia-Pacific ...
Tags: AFP, Vladimir Putin, energy power, oil industry