ExxonMobil on Monday floated a proposal for a public-private carbon storage project that would collect planet-warming carbon dioxide emissions from U.S. petrochemical plants and bury them in reservoirs under the Gulf of Mexico.The plan would…
State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday…
India's Mangalore Refinery and Petrochemicals Ltd has bought its first-ever cargo of Brazilian Tupi crude oil in a tender, two industry sources said on Monday.The 1-million-barrel cargo was sold by Royal Dutch Shell for May delivery, he added…
China's refineries posted record throughput in 2020, processing 3% more crude oil than a year ago, as they took advantage of low prices and healthy margins on a quick rebound in domestic fuel demand from the coronavirus pandemic.Annual throughput stood at 674…
Nippon Paint Marine has informed that the 'self-indicating technology' incorporated into the company's special tank coating NOA60HS has been certified by the Norwegian Technology Standards Institution as meeting the requirements of the NORSOK M-501 standard…
Poland's biggest oil refiner PKN Orlen expects to invest around 140 billion zlotys ($37.45 billion) over the next ten years as it shifts focus to building clean energy sources rather than oil refining, it said on Monday.The company said in September…
Japanese oil firm Cosmo Energy Holdings on Thursday cut its net profit estimate for the year to March 31 by 41%, blaming a hefty appraisal loss on its crude inventories and slumping prices of petrochemicals.It now forecasts an annual net profit of 8…
Premier Oil abandoned its plans to buy North Sea fields from BP for $210 million after Premier was taken over by rival Chrysaor, marking a small dent in BP's $25 billion disposals target.'Premier will not be proceeding with the proposed refinancing…
Storm-tossed U.S. offshore energy producers and exporters began clearing debris on Thursday from Hurricane Sally and booting up idle Gulf of Mexico operations after hunkering down for five days.The storm toppled trees, flooded streets, and left about 570…
A joint venture between Petrofac and the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a contract to provide BP Azerbaijan with international payroll and personnel support services including training services.The five-year contract…
Indonesia's natural gas price cap is affecting the development of gas projects as contractors are being disincentivized, an official at oil and gas regulator SKK Migas said on Thursday.The energy ministry in April lowered the price of natural…
InterDam and Van Dam, the two Dutch firms specializing in manufacturing fire and explosion resistant products, have agreed to merge and continue under one name - InterDam.The deal was agreed on Tuesday, July 14, 2020. The integration of both…
Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisors for multi-billion dollar deals transferring key oil and gas pipeline assets into a national energy infrastructure giant, four sources said…
South African petrochemicals giant Sasol Ltd has opted to give up its license to explore for gas off the Mozambique coast, the company said on Sunday.'Sasol will return Block 16/19 in its entirety to the Government of Mozambique. To this end…
Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses…
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