09.12.2011

Big Oil Says To Clean Up Shale Gas Business

Big oil and gas companies say their increasing dominance of shale gas exploration will bring improved drilling practices and should end the safety lapses that have led to environmental opposition to the fast-growing, multi-billion dollar industry. more21.11.2011

Sinopec, KPC Begin $9.3 Billion Petrochemical Project

China Petroleum & Chemical Corp (Sinopec) and Kuwait Petroleum Corp have started building their joint refining and petrochemical complex in the southern Chinese province of Guangdong, the top Chinese oil refiner said. more29.06.2011

China Kicks Off First Shale Gas Tender

China issued its first shale gas exploration tender with an offer of four blocks to a group of Chinese energy companies, state media reported, as the country kicks off its search for potentially vast reserves of the unconventional resource. more08.06.2011

LyondellBasell to Buy Houston Pipeline From BP

LyondellBasell Industries said its Equistar Chemicals unit had agreed to buy about 200 miles of pipeline near Houston from BP. Terms of the deal were not released. more06.06.2011

Reliance Industries Sees Government Approval for BP Deal In Few Weeks

India's largest listed firm Reliance Industries expects government approval for its deal with BP in the next few weeks, Chairman Mukesh Ambani said at the company's annual shareholder meeting on Friday. more05.05.2011

Reliance To Invest $12 Billion In Chemicals, Launch Rubber Business

Reliance Industries plans to invest up to $12 billion in the chemicals business to tap the market for hygiene and healthcare products and will look at developing a new rubber business, Chairman Mukesh Ambani said in an interview to the Economic Times.
"We believe that hygiene will be a very big market in a rapidly prospering India where people's aspirations are rising," Ambani, the world's ninth-richest man according to Forbes, said. more27.04.2011

India Petronet Plans To Buy 10 Spot LNG Cargoes In FY12

India's Petronet LNG  plans to import 10 spot liquefied natural gas (LNG) cargoes this fiscal on top of its deals with Spain's Gas Natural  and Qatar's Rasgas, its Chief Executive said on Tuesday, to meet growing energy demand in Asia's third largest economy. "There is a lot of discussion that domestic gas may not be able to match projections made earlier. So the logical solution is LNG and we should be able to pitch in," A. K. Balyan told reporters. more27.04.2011

Power Cuts Hit BP, Marathon, Valero Texas Plants

Refineries operated by BP, Marathon Oil and Valero Energy, with combined capacities of 765,000 barrels of oil a day, have been hit by power outages in Texas City, Texas, officials said. BP's 475,000 barrel per day (bpd) refinery in Texas City lost power on Monday evening, sending local residents inside to avoid breathing smoke from the refinery's flares. more05.04.2011

Kuwait In Talks With BP, Others Over China Refinery

Kuwait is in talks with BP and other major energy companies over a possible role in its $9 billion refining joint venture with Sinopec in China, a Kuwaiti official said on Tuesday. Mohammed Jasem, vice president and chief planning officer for Kuwait Petroleum International, the overseas arm of the state oil company, told reporters Kuwait hoped to conclude the partner selection process by May. more01.04.2011

U.S. Lawyers Say BP, Spill Partners Harmed Cleanup Crew

BP and other companies who had used chemical dispersants to fight the 2010 Gulf of Mexico oil spill should compensate the cleanup crew and residents harmed by those toxic chemicals, lawyers suing the firms said in a court filing. more