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Oil production
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March Crude Throughput Rises 6% on Year
Apr 18, 2017China's crude refinery throughput in March rose 5.9% year on year to 47.5 million mt, or an average of 11.23 million b/d, preliminary data released Monday by the National Bureau of Statistics showed. This was the highest year-on-year ...
Tags: crude refinery, Oil
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Auto LED Market Demand Drives the Market Value
Mar 24, 2017Benefiting from the steady LED market price and the rapid growth of the automotive lighting field, automotive LED value will reach $2. 817 billion (+14.8% YoY) in 2017, as LEDinside forecasts. Relatively speaking, the compound annual growth ...
Tags: LED market, LED, LED lighting
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Shell Starts Oil Production From Malikai Deep-Water Platform in Malaysia
Dec 16, 2016Shell has started oil production from the Malikai Tension-Leg Platform (TLP), located 100-kilometres off the coast of the Malaysian state of Sabah. Located in waters up to 500-metres deep, Malikai is Shell’s second deep-water ...
Tags: Shell, Oil Production
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Shell Announces Successful Bid for Giant Field in Deep Water Brazil
Dec 10, 2016“The Libra oil discovery in Brazil is one of the largest deep water oil accumulations in the world. We look forward to applying Shell’s global deep water experience and technology, to support the profitable development of this ...
Tags: Shell, oil discovery
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Shell Announces Second Major 2014 Start up in Deep-Water Gulf of Mexico with Cardamom Development First Oil
Dec 9, 2016Oil from the Cardamom subsea development (100% Shell) is piped through Shell's Auger platform. When at full production of 50,000 barrels of oil equivalent a day (boe/d), Auger's total production capacity will increase to 130,000 boe/d. ...
Tags: the Cardamom, Shell, Auger
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Axiom Foods to Begin Natural Rice Bran Oil Production in India
Oct 11, 2016Global plant protein manufacturer Axiom Foods will enter India to produce natural rice bran oil to tap the vast potential of the market. In India, Axiom Foods will produce a range of stabilized rice bran ingredients for both human food ...
Tags: Axiom Foods, rice bran oil
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Sinopec Makes Major Commercial Discovery in Xinjiang
Sep 28, 2016Sinopec announced on August 29 that it has made a major commercial discovery in Shunbei Oilfield in Xinjiang’s Tarim Basin, which is expected to bring the oil production capacity of the oilfield to 1.5 million tonnes during the 13th ...
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Shell Delivers More Brazil Deep-Water Production From Parque Das Conchas
Sep 28, 2016Third phase of major deep-water project delivered, optimising production capacity Shell and its joint venture announce the start of oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil's ...
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China's Crude Oil Output Sees Sharp Drop
Sep 20, 2016China's crude oil output fell 9.9 percent year on year in August, the biggest monthly drop since 2003 as refineries slashed production amid sluggish global oil prices, data from the National Bureau of Statistics showed Monday. Imports, on ...
Tags: crude oil, oil prices
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TriMas Reports Second Quarter 2016 Results
Aug 3, 2016TriMas announced financial results for the quarter ended 30 June 2016. The Company reported second quarter net sales from continuing operations of $203.3 million, a decrease of 9.6% compared to second quarter 2015. The Company reported ...
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Bellucci Introduces Bellucci App To Bring Trace-to-Source Technology To Consumers
Mar 16, 2016Bellucci and its parent company Certified Origins, headquartered in Grosseto, Italy, is offering a solution in the form of the Bellucci App, which traces any bottle of Bellucci EVOO back to the mill where it was produced and the area in ...
Tags: Bellucci, Bellucci App, Trace-to-Source Technology, EVOO
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Oil Prices to Remain Low Well Into 2016
Dec 29, 2015Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil
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Brent Oil Price Hits 11-year Low amid Oversupply Worries
Dec 22, 2015Brent oil price hit 11-year low Monday as the market continued to be plagued by an oversupply of crude oil and weakening demand. Brent crude for February delivery decreased 53 cents to close at 36.35 U.S. dollars a barrel on the London ...
Tags: Brent oil, Oil prices
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China's Price Move Signals Discomfort with Plunge
Dec 21, 2015The Chinese government Tuesday refrained from adjusting retail oil product prices in line with global crude oil fluctuations for the first time in nearly three years, sending a strong signal to the market that it believes prices may have ...
Tags: oil product, crude oil
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US Stripper Wells May Be in Peril Below $35/B: Sources
Dec 16, 2015Hundreds of thousands of US stripper wells with production totaling 1 million b/d of crude could be at risk if oil prices fall below $35/b, where prices teetered in recent days, for long, observers say. Stripper wells are wells nearing ...
Tags: crude, oil prices, wells
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