Alaska has extended an agreement with TransCanada that sees the state offer subsidies for the firm's work on a natural gas pipeline and LNG export project in the state, a state official said Wednesday. The previous agreement expired June ...
Tags: Gas Pipeline, Alaska
Nearly a decade after re-entering the US Gulf of Mexico and five years into its shale play foray onshore, Statoil is now an operator in both arenas, a coup for the Norwegian company best known for harsh-environment marine operations. ...
Tags: Statoil, foray onshore
Negotiations for the July Asian Contract Price for paraxylene have drawn buyers to make a counterbid of $1,300/mt CFR on Wednesday, almost $200/mt lower than sellers' nominations, sources close to the negotiations said. There are four ACP ...
Tags: oil, Metallurgy, Mineral, Energy, Polyester
Marathon Oil's newly announced CEO will bring international experience to enhance the company's global operations, analysts said Thursday. Long-time leader Clarence Cazalot is stepping down as president and CEO on August 1, after 14 years ...
Tags: Marathon CEO, Chemicals
Rosneft and ExxonMobil signed final agreements establishing a joint Arctic Research Center (ARC) in Russia and an over-arching technology sharing agreement to support the companies’ joint ventures worldwide. Formally named the ...
Nearly 50% of Iraq's daily oil output of 1.5 million barrels were bought by China, which is expected to grow further, said sources on June 3. China is already the largest consumer of oil in Iraq and is bidding for the equity of Iraq's ...
Tags: Oil, Metallurgy
BP has become the second oil and gas major in a day to announce it would have a new chief for its Australian operations, following fast on the heels of a similar announcement by ExxonMobil. Andy Holmes has been appointed president of BP ...
Tags: Exxonmobil, Chemicals
ExxonMobil’s Singapore Chemical Plant is now producing ethylene from the facility’s second world-scale steam cracker. The expansion is integrated with the existing petrochemical plant. Over the next few weeks, the ...
Tags: Singapore, Exxonmobil, Textile
Unconventional gas from central Australia's Cooper Basin could be the answer to a looming supply shortage in the eastern state of New South Wales, according to Beach Energy Managing Director Reg Nelson. Beach has been among the ...
Tags: Metallurgy, Mineral, Energy, Gas
The Asia Contract Price for paraxylene is likely to reach a settlement for June, after no conclusion for May, as a firmer purified terephthalic acid production margin has narrowed the gap between buyers and sellers, sources close to the ...
Tags: paraxylene, Chemicals
The location and nature of the Scarborough natural gas field off Western Australia mean the project will be "very challenged from a cost point of view," Mark Nolan, ExxonMobil's vice president for Middle East and Australia, said Monday. ...
Tags: Chemicals
Gasoline prices in Western Canada and the US Midwest have jumped due to supply issues surrounding the turnaround of Suncor's 135,000 b/d Edmonton, Alberta, refinery, industry sources said Thursday. "Suncor's move to secure gasoline and ...
Tags: Retail Gasoline, Chemicals
In 2003, Yukos was preparing for a game-changing merger with another private Russian oil company, Roman Abramovich's Sibneft, to create a 2.3 million b/d Russian oil producing giant. The deal was scuppered, however, in large part because ...
Tags: Yukos Demise, Giant Oil Producer
The announcements this week by North American energy companies Marathon Oil and Talisman Energy that they are pulling out of shale gas exploration in Poland seems to have finally killed the government's initial hope that the former Soviet ...
Tags: Polish Shale Gas, Gas
The Philippines' largest oil refiner and marketeer Petron Corp has sold 22 million barrels of oil products in the first quarter of this year, rising 66% from the same period in 2012, the company said in a statement Monday. The increase ...
Tags: Petron, Oil Products