Recent Posts

Oil sector hopes for more as Trump reverses US policies

  Bloomberg “My God, this is going to be refreshing,” Kelcy Warren, the Texas billionaire behind the controversial Dakota Access pipeline, said days after Donald Trump swept to victory. As the industry digests the newly elected president’s push to get two stalled pipeline projects moving again — with some caveats — oil and natural gas producers are preparing for even ...

Read More »

Unsold US gas worries Toshiba as nuclear loss looms

  Bloomberg Toshiba Corp., already reeling from a crisis at its nuclear business that sent its market value down by almost half, is seeking help from one of the world’s biggest buyers of LNG to avoid billions of dollars in potential losses if it can’t sell American gas. Toshiba is working with Japan’s Jera Co. to help it find buyers ...

Read More »

Saudi Aramco shelves plans for Malaysia venture

  Reuters Saudi Aramco has shelved plans for a multi-billion-dollar refining and petrochemical joint venture with Petronas in Malaysia, industry sources familiar with the matter told Reuters on Wednesday. The Refinery and Petrochemical Integrated Development (RAPID) at Pengerang in the state of Johor in southern Malaysia was to have had a 300,000-barrel-per-day refinery and petrochemical complex with a chemical output ...

Read More »
Send this to a friend