Floating storage and regasification units serve as an entry solution to the LNG market for smaller volumes of LNG imports, John Sattar, an LNG and natural gas consultant with Poten & Partners, said in an industry event Thursday. "Given ...
Tags: FSRUs, LNG Markets
A new bill introduced late Wednesday to the US Senate aimed at strengthening Washington's sanctions against Iran could affect Asian countries that pay for Iranian crude in foreign currencies, sources familiar with the matter said Thursday. ...
Tags: Senate Bill, US Senate
Bangladesh state-owned Petrobangla has sought permission to re-offer six shallow water oil and gas exploration blocks that attracted no bids in the county's recent bidding round, company chairman Hussain Monsur said Thursday. Monsur said ...
GE and Russian oil company Bashneft have launched pilot testing of GE's ZeeWeed? membrane bioreactor (MBR) technology for biological treatment of sewage water from the Bashneft-Ufaneftekhim oil processing complex and other enterprises of ...
The war of words between the American Fuel and Petrochemical Manufacturers and the Renewable Fuels Association hit a boiling point Thursday morning. RFA President Bob Dinneen was responding to comments Wednesday from AFPM President ...
BP has a portfolio of 45 major upstream projects that it wants to focus on to 2020, company CEO Bob Dudley said Thursday, following the company's unprecedented $38 billion asset sell-off program in the wake of the Macondo oil spill in 2010. ...
Tags: BP, CEO Dudley
Sri Lanka's state-owned Ceylon Petroleum Corp., the country's sole importer of fuel oil, has made a rare export offer of the product due to falling demand from power stations as well as higher domestic output, company sources said Friday. ...
Colfax Fluid Handling has received an order to deliver five Allweiler propeller pumps for a chemical plant in Saudi Arabia. The pumps are specially designed for use during production of explosive materials and are valued at approximately ...
Tags: pumps, propeller pumps
APPLE has issued an apology to Chinese consumers after government media attacked its repair policies for two weeks in a campaign that reeked of economic nationalism. A statement Apple posted in Chinese on its website on Monday said the ...
According to media report, the State Oil Company of Azerbaijan Republic (SOCAR) accounted that SOCAR would like to strengthen the relations between Azerbaijan and Turkey to a strategic partnership level with an investment volume worth US$17 ...
Tags: Oil, Metallurgy, Mineral, Energy
Russian pipe producer Chelyabinsk Tube-Rolling Plant (ChTPZ) has announced that in February-March 2013, it has supplied 1,200 mt of casings with Premium connections to Russian oil company Gazprom Neft for the construction of new oil wells ...
Tags: ChTPZ Ships, Gazprom Neft
Recent fiscal changes in Venezuela could help state oil company PDVSA significantly cut its $16.4 billion debt to service providers this year, according to some economists and analysts. The changes, mainly to Venezuela's complicated ...
Tags: oil activity, PDVSA, Venezuela
Iran is re-appraising an offshore oil field that India's Oil and Natural Gas Corporation (ONGC) had abandoned as commercially non-viable, the semi-official Mehr news agency reported Wednesday. "The project is at the stage of processing ...
With oil prices still elevated and operator appetite for offshore drilling seemingly limitless, Central Gulf of Mexico Lease Sale 227 appears headed for vigorous bidding and dollar totals that may match or even surpass 2012's collective ...
Tags: Chemicals, Central Gulf, Mexico Sale
ABB, a leading power and automation technology group, has signed a service contract valued at $260 million with A/S Norske Shell. The contract, for a period of 9 years, requires ABB to provide integrated service and support solutions ...
Tags: ABB, Major Oil Company, Electrical