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China's Non-State Crude Import Quota Unchanged

Dec 4, 2016

China's Ministry of Commerce announced on Thursday that the quota for non-state crude oil imports will stay unchanged at 87.6 million tonnes for 2017. The volume is equivalent to around 26 percent of China's crude imports last year. ...

Tags: Crude, Crude Oil

Cnooc and Shell Take Final Investment Decision to Expand Petrochemical Complex in China

Sep 28, 2016

China National Offshore Oil Corporation (CNOOC) and Shell Nanhai B.V. (Shell) today announce the final investment decision to expand CNOOC and Shell Petrochemical Company’s (CSPC) existing 50:50 joint venture (JV) in Huizhou, ...

Tags: CNOOC, Shell, final investment decision, expasion

Indorama Acquires Indian PET Firm Micro Polypet

Dec 3, 2015

Indorama Ventures has made its foray into Indian polyethylene terephthalate (PET) market with the acquisition of Micro Polypet (MicroPet) for an undisclosed amount. The company's wholly-owned subsidiary Indorama Ventures Global ...

Tags: Indorama, PET, PTA

KEPL Tests Turbine for Indianoil

Aug 17, 2015

Kirloskar Ebara Pumps Ltd, a sister concern of Kirloskar Brothers Ltd and a manufacturer of critical process pumps and API steam turbines, has completed the testing of indigenously-developed API steam turbine K-TUR, at the KEPL ...

Tags: LED, KEPL, electronic products

South Korea's Imports of Iranian Crude in April Increased 8.9%

May 19, 2014

South Korea's imports of Iranian crude in April increased 8.9% year on year to 552,884 mt, or an average 135,088 b/d, from 507,821 mt a year ago, preliminary data released Thursday by the Korea Customs Service showed. Its April Iranian ...

Tags: Crude Oil, crude imports

South Korea Is Working on a Mid-Term Plan to Explore Oil and Gas

Apr 23, 2014

South Korea is working on a mid-term plan to explore oil and gas reserves off the country's coast as part of efforts to help reduce its heavy reliance on foreign crude imports, an energy ministry official said. "The government plans to ...

Tags: Oil, LNG, foreign crude imports

PHD Chamber Has Suggested The Indian Government Not to Impose Anti-Dumping Duty on PTA

Feb 28, 2014

PHD Chamber of Commerce and Industry has suggested the Indian Government not to impose anti-dumping duty on imports of Purified Terephthalic Acid (PTA) into India in view of its demand supply mismatch, which according to latest estimates ...

Tags: PHD Chamber, PTA Imports

Altona Energy Has Signed a New Memorandum of Understanding Securing Investment

Feb 11, 2014

London-listed Altona Energy has signed a new memorandum of understanding securing investment to help develop its Arckaringa coal-to-liquids project in South Australia, after terminating a previous joint venture with China National Offshore ...

Tags: Altona Energy, Coal-to-Liquids Project

The Ugandan Government Has Signed a Long Awaited Deal with UK-Based Tullow Oil

Feb 10, 2014

The Ugandan government has signed a long awaited deal with UK-based Tullow Oil, Total and China National Offshore Oil Corp, to develop its oil sector, paving the way for the country's first commercial crude production. The pact details ...

Tags: Oil Development, Mineral

Athabasca Has Closed Its Previously Announced Sale of a 50% Interest

Dec 27, 2013

Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") has closed its previously announced sale of a 50% interest in the Kaybob area light oil infrastructure to a third-party for cash consideration of $145 million. Athabasca ...

Tags: oil, energy

China's Natural Gas Sector Will Develop Quickly in The Near Future

Dec 20, 2013

China's natural gas sector will develop quickly in the near future, which offers "golden opportunities" for business and cooperation, an Hong Kong-based think-tank said in a report on Monday. The paper, known as "CEFC China Energy Focus: ...

Tags: gas, energy, shale

China's Natural Gas Sector Will Develop Quickly in The Near Future

Dec 18, 2013

China's natural gas sector will develop quickly in the near future, which offers "golden opportunities" for business and cooperation, an Hong Kong-based think-tank said in a report on Monday. The paper, known as "CEFC China Energy Focus: ...

Tags: Natural Gas, Shale Gas, Pipeline Network

Aurora Oil & Gas Has Provided Updated 2014 Guidance on Its Eagle Ford Operations

Dec 17, 2013

Aurora Oil & Gas Limited ("Aurora") (ASX:AUT) (TSX:AEF) advises that Marathon Oil Corporation, whose subsidiary Marathon Oil EF LLC is Aurora's operating partner in the majority of its Eagle Ford interests, has provided updated 2014 ...

Tags: Oil and Gas News, Aurora Oil&Gas, Sugarkane Field, Eagle Ford

The CO2 EOR Market Is a Well Established Sector of The Oil and Gas Industry in US

Dec 5, 2013

The CO2 EOR market is a well established sector of the oil and gas industry in the United States with the first commercial projects dating back to the early 1970s. The key enabler of this success has been the availability of a large volume ...

Tags: CO2, Oil Recovery

Hengyang Valin Steel Tube Inked a Strategic Cooperation Agreement with CNOOC

Nov 26, 2013

On November 20, Hunan Province-based Chinese steelmaker Hengyang Valin Steel Tube Co. (Hengsteel), a subsidiary of Hunan Valin Iron and Steel Group Co., announced that on November 15 it inked a strategic cooperation agreement with China ...

Tags: Steel Tube, Mineral

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