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Total, Vitol, Trafigura Win Nigeria 2016 Crude Oil Term Contracts

Dec 18, 2015

France's oil giant Total and international trading firms Trafigura and Vitol were among 21 companies handed crude oil term lifting contracts for 2016 by state oil firm Nigerian National Petroleum Corp, NNPC said Thursday. "NNPC issued ...

Tags: Crude Oil, oil trading

The DOC Brooks No Distortion

Dec 17, 2015

In midsummer 2015, the so-called South China Sea arbitration hearing that the Philippines had been clamoring for and brewing in the past two years finally started. Recently, the relevant arbitral tribunal held this so-called hearing in The ...

Tags: DOC

Exxonmobil Gets Green Light for Argentinian Shale Development

Dec 15, 2015

The government of Neuquen, a southwestern province of Argentina, said Monday it has approved ExxonMobil's investment plan for developing shale resources in the Bajo el Choique and La Invernada blocks. The company will work with Gas y ...

Tags: shale, GyP, natural gas

Southern England Could Hold Between 2.2 Billion and 8.5 Billion Barrels of Oil Resource

May 28, 2014

The Jurassic shales of southern England's Weald basin could hold between 2.2 billion and 8.5 billion barrels of oil resource but no gas, the UK government said Friday in a new report. The Department of Energy and Climate Change also ...

Tags: Shale Oil, offshore production

Nova Scotia Government Supports The Proposed 1.1 Million B/D Energy Crude Oil Pipeline

Feb 19, 2014

Eastern Canada's Nova Scotia government is in favor of the proposed 1.1 million b/d Energy East crude oil pipeline terminating at a deep water port in the province, rather than in neighboring New Brunswick on the Atlantic coast, the ...

Tags: Nova Scotia, Oil Pipeline

Ceresana Comprehensively Analyzes The Development of The Global Market for Styrene

Jan 14, 2014

In the recently published study, the market research institute Ceresana comprehensively analyzes and describes the development of the global market for styrene. Styrene is an important product in the petrochemical industry and used to ...

Tags: styrene, global capacity utilization

Global Demand for Gasoline Will Remain Flat From 2014-2040

Dec 16, 2013

Global demand for gasoline will remain flat from 2014-2040, but global demand for diesel should grow by about 75% over the period to meet the needs of trucks and other commercial transportation, ExxonMobil said Thursday in its annual ...

Tags: Metallurgy, Mineral, Energy, gasoline

Salamander Energy Provides an Update on Drilling,Development and Production Operations

Dec 13, 2013

Salamander Energy provides an update on drilling, development and production operations at the Bualuang oil field in the B8/38 concession, offshore Gulf of Thailand. Salamander has a 100% interest in, and is operator of, the Bualuang field. ...

Tags: Salamander, energy, Bualuang oil field, drilling

Statoil ASA Has Together with Eni Norge AS and Petoro AS Made an Oil and Gas Discovery

Dec 10, 2013

Statoil ASA has together with its partners Eni Norge AS and Petoro AS made an oil and gas discovery in the Skavl prospect in PL532, close to Johan Castberg in the Barents Sea. Well 7220/7-2 S, drilled by the rig West Hercules, has proven ...

Tags: Oil and Gas News, New Oil and Gas Discovery, Johan Castberg

The United States Will Became The Biggest Oil Producer in 2016

Dec 3, 2013

The international energy agency predicts that in 2016 the United States will become the largest oil producer before Russia and Saudi Arabia. The United States will basically realize energy self-sufficient and reduce its dependence on OPEC ...

Tags: Oil Producer, Oil, Metallurgy, Mineral, Energy

An International Team of Scientists Has Created a Tool to Precisely Pinpoint

Sep 17, 2013

An international team of scientists has created a tool to precisely pinpoint where petroleum and gas reserves have accumulated beneath the earth. One of the team members is a Chinese geologist from the University of California-Davis. "The ...

Tags: Oil, Metallurgy, Mineral, Energy

The US Saw Its Biggest Ever Yearly Rise in Oil Production Last Year

Jun 14, 2013

The US saw its biggest ever yearly rise in oil production last year as its booming shale oil industry continues to transform the global oil market, BP said Wednesday. At the same time, global proven oil reserves continue to grow and are ...

Tags: Oil, Energy

A Long-standing Dispute Over The Problems Surrounding Kenya's Sole Refinery Is Escalating

May 28, 2013

A long-standing dispute over the problems surrounding Kenya's sole refinery in Mombasa is escalating, triggering fears the country could lose clout as an investment magnet for neighboring countries. A financial crisis at the aging plant ...

Tags: Chemicals, Metallurgy, Mineral, Energy

Yukos Was Preparing for a Game-changing Merger with Another Private Russian Oil Company

May 24, 2013

In 2003, Yukos was preparing for a game-changing merger with another private Russian oil company, Roman Abramovich's Sibneft, to create a 2.3 million b/d Russian oil producing giant. The deal was scuppered, however, in large part because ...

Tags: Yukos Demise, Giant Oil Producer

Grundfos April 9 Inaugurated a Company in The Capital Bogota

Apr 18, 2013

Not many Colombians have heard about a pump manufacturer with headquater in Denmark. This is a fact, which will be changed, after Grundfos April 9 inaugurated a company in the capital Bogota. With the new company Grundfos wants to be a ...

Tags: Grundfos Company, Machinery

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