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ExxonMobil Earns $1.7 Billion in Second Quarter of 2016

Sep 28, 2016

Cash flow reflects durability of the integrated portfolio amid continued industry volatility Strong Chemical results highlight sustainable competitive advantages Advancing attractive new investment opportunities across the value ...

Tags: second quarter 2016, results

East Timor's Kitan Condensate No Longer Available as Field Reaches End of Life

Dec 15, 2015

East Timor's Kitan condensate will no longer be available in the spot market as the ultra-light oil field reached the end of its normal life, market sources said Monday. "After January, there will be no more [Kitan cargoes]," a trade ...

Tags: ultra-light oil field, condensate, crude

Abu Dhabi Seeks 25% Cost Savings on Major Oil Projects: Report

Nov 6, 2015

State-owned Abu Dhabi National Oil Co, (Adnoc) is seeking to cut 25% off its operating and capital spending, a senior official at the company was quoted as saying Thursday. "...we are trying to bring down operating expenditures and also ...

Tags: Abu Dhabi, oil

Driven in Large Part by The Rapid Expansion of Shale Oil and Gas Drilling and Production

Jul 17, 2015

Driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, the world market for oil field specialty chemicals at the service company level reached $25 billion in 2014, up from nearly $16 ...

Tags: chemicals, coating, paint pigment, shale oil

A Industrial Gas Flow Discovered in North China

Feb 24, 2015

A six-meter-high industrial gas flow was discovered at a shale gas well in Inner Mongolia Autonomous Region, marking a breakthrough in shale gas development in north China, local authorities said Sunday. The well, based in coal-rich Ordos ...

Tags: Industrial Gas, Natural Gas

Voestalpine to Supply Linepipe Plates for Petrobras Project

Jul 8, 2014

Austria-based steelmaker voestalpine has announced that it will supply 120,000 mt of high-strength linepipe plates for Brazilian multinational Petrobras' third pipeline in the world's largest oilfield, near Rio de Janeiro, Brazil, between ...

Tags: Metallurgy, Mineral, Energy

Crude Production in Libya Is Facing Further Setbacks This Week

May 30, 2014

Crude production in Libya is facing further setbacks this week, as loadings out of the 110,000 b/d Marsa al-Hariga crude terminal in Eastern Libya have stuttered to a halt. Traders and shipping sources said that no there have been no ...

Tags: Crude production, oil flowing

The World Bank Will Fund Infrastructure Projects Worth $245m to Revamp Facilities

May 28, 2014

The World Bank will fund infrastructure projects worth $245 million to revamp facilities in Uganda's Albertine oil region, ahead of first oil production in the country, Uganda's President Yoweri Museveni said in a statement Thursday. ...

Tags: Infrastructure Funds, Oil

Japan Petroleum Exploration Will Start Drilling First Horizontal Shale Exploration Well

May 15, 2014

Japan Petroleum Exploration plans to start drilling Japan's first horizontal shale exploration well at its onshore Fukumezawa oil field in Akita prefecture in the northwest for about one month from May 22, a company official said Tuesday. ...

Tags: Petroleum, shale gas

Iraq Set a New Post-War Record in April for Exports Through Its Southern Terminals

May 7, 2014

Iraq exported 2.509 million b/d of crude in April, all from its southern oil terminals as the country's northern export pipeline remained inoperable. April exports were 112,000 b/d more than the 2.397 b/d exported from the country in ...

Tags: Crude, oil terminals

The Physical North Sea Market Is Strengthening Against The Paper Market

Apr 30, 2014

The physical North Sea market is strengthening against the paper market, reaching a six-week high on Friday and bid higher Monday, as the return of some refineries from maintenance adds to crude demand, while less output than expected is ...

Tags: Physical Crude, Increased Demand

Shell's Total Production of Natural Gas in China Last Year Rose 25.2%

Mar 17, 2014

Shell's total production of natural gas in China last year rose 25.2% from 2012 to 164,000 Mcf/d, the company indicated in its annual report released Thursday. Output was, however, still lower than in previous years -- 174,000 Mcf/d in ...

Tags: Gas Production, Shell, LNG

Meritor Introduced Two Planetary Axles Engineered for Heavy-Haul, Oil Field, Logging

Mar 5, 2014

Meritor Inc. has introduced two planetary axles engineered for heavy-haul, oil field, logging and mining applications, the company announced. Meritor has introduced the P600 series of planetary axles, which are available in tandem and ...

Tags: Specialty Planetary Axles, Meritor

Mullen Group Said Its Net Income Fell in The Fourth Quarter as Weather and Holidays Hurt

Feb 17, 2014

Canadian transportation firm Mullen Group said its net income fell in the fourth quarter as weather and holidays hurt trucking and logistics operations. Profit fell to C$20.3 million, or 22 cents a share, a 6.9% decrease from last year's ...

Tags: Transportation

Manitoulin Transport Has Announced That It's Opening a New Terminal in Corman Park

Jan 24, 2014

CORMAN PARK, SK — Manitoulin Transport has announced that it’s opening a new terminal in the rural municipality of Corman Park, Saskatchewan. "Saskatchewan is booming and local businesses must have service partners they can ...

Tags: service partners, supply chain services

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