The US energy industry must vigorously oppose efforts to restrict exports of liquefied natural gas, ExxonMobil Chemical President Stephen Pryor said Wednesday at the IHS World Petrochemical Conference. As the US Department of Energy ...
BP can bid in next week's Central Gulf of Mexico offshore lease sale, but will be disqualified if, after a 90-day review, the company remains under the suspension that was imposed on federal contracts after its guilty plea to Macondo oil ...
Tags: BP, Macondo well, Ocean Energy
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
The UK's Buzzard oil field contributed only 16% of Forties blend output in the week of February 18-24, down from 33% the previous week, BP data showed Friday. This is the lowest contribution of Buzzard to Forties seen so far in 2013, ...
Tags: Buzzard oil field, BP data, UK
Engineers will determine the future economic status of Britain, says Lord John Browne, former BP CEO. “I do believe engineering is the only way to get growth in any economy,” says Browne, a past president of the Royal Academy ...
Tags: engineer, future economic status, Britain
Venezuelan President Hugo Chavez died Tuesday in Caracas after an almost two-year battle with cancer and 14 years of a dominating socialist presidency that leaves the country with the world's largest oil reserves mired in uncertainty. The ...
South Korea's S-Oil nominated its paraxylene Asia Contract Price for March at $1,750/mt, up $65/mt from its February settlement, sources close to the negotiations said Monday. There are four ACP sellers in Asia -- ExxonMobil, Idemitsu ...
Tags: South Korea, S-Oil, oil
BP said Tuesday it is ready to defend itself in court over civil liability charges brought against it in the US over the Macondo oil spill after attempts to settle out of court failed. BP late last year agreed with the US Department of ...
PPG Industries’ industrial coatings business will exhibit an expanded line of Durastar coil coatings and a new line of Duraform coil coatings in booth 629 at the 2013 Frame Building Expo in Memphis, Tennessee, Feb. 22-24. PPG ...
Tags: PPG Industries, industrial coatings business, Durastar coil coatings
Loba Chemie was a venture started over 35 years ago to deal in Biochemical’ s and Reagents for life science research and other specialty chemicals. Loba Chemie today is one of the forerunners in the Indian chemical industry. In a ...
Four industry sources have told Reuters that Swiss oil trader Trafigura is still indirectly supplying gasoline to Iraq through another firm, despite being banned from participating in tenders for 2013 after buying oil from Iraqi Kurdistan. ...
Tags: oil trader, oil, gasoline
BP announced its financial results for the fourth quarter and full year of 2012. Underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, was $4.0 billion for the fourth quarter, compared to ...
Tags: BP, financial results, fourth quarter
The four paraxylene Asia Contract Price-based sellers, ExxonMobil, Idemitsu Kosan, JX Nippon Oil and Energy and S-Oil, who typically lower their nominations to meet bid levels have not done so for the February ACP as spot prices have ...
Tags: paraxylene, ExxonMobil, Idemitsu Kosan, JX Nippon Oil, Energy and S-Oil
The 300th mud pump in the TPK 2200 series successfully completed its trial run on the 6 and 7 November 2012 after it was put through its paces in a rigorous 48 hour endurance test. The pump is part of an order for Aker Solutions, the ...
A federal judge on Tuesday approved a $4 billion settlement hammered out between BP and the US government over the 2010 Macondo disaster in the Gulf of Mexico. US District Court Judge Sarah Vance issued the ruling after hearing ...
Tags: BP, US government, oil