New Offshore Platform Taps Into Potential Of Heavy-oil Reserves In China
Wedoany.com Report-Nov 2, The worlds first mobile thermal-injection platform was recently delivered in Chinas Shandong province, offering new opportunities to tap into Chinas vast potential for heavy-...
Chevron Flags Possible Job Cuts in $3 Billion Cost Plan
Wedoany.com Report-Nov 2, The $3 billion in targeted structural cost savings will come from asset sales, the use of new technology and workflow changes, Chief Executive Officer Mike Wirth said during ...
Exxon Beats Estimates on Higher Permian Basin Oil Production
Wedoany.com Report-Nov 2, Exxon Mobil Corp. beat analysts’ estimates as higher oil production from the US Permian Basin helped cushion a drop in crude prices and tightening refining margins. Exx...
LyondellBasell to Start Shuttering 106-Year-Old Texas Refinery
Wedoany.com Report-Nov 2, LyondellBasell Industries NV will exit the crude-oil processing business with the permanent shutdown of its sole refinery early next year. The chemical company plans to start...
OneOk Announces Closing Of Medallion Midstream Acquisition
ONEOK, Inc. has announced the successful completion of its acquisition of Medallion Midstream from Global Infrastructure Partners, for a total cash consideration of approximately US$2.6 billion. "Wi...
Taiwan Imports Record Amount of Russian Naphtha
Wedoany.com Report-Nov 1, Taiwan’s petrochemical industry imported record amounts of Russian naphtha in October, snapping up fresh supplies being churned out by an oil refinery thousands of mile...
Palm Oil Surges to Two-Year High on Firm Exports And Crude Rally
Wedoany.com Report-Nov 1,Palm oil rallied for a third day to its highest level in more than two years on strong demand amid concerns over tightening supply. Shipments in October from palm oil’s ...
Azerbaijani Oil Price Slightly Surges In Global Markets
Wedoany.com Report-Nov 1, The price of a barrel of Azeri Light crude oil rose by $0.19, or 0.26%, settling at $73.85. Azeri Light crude oil reached its lowest level on April 21, 2020, at $15.81 per ba...
Socar's Star Refinery Gets Back In Saddle In Türkiye
Wedoany.com Report-Nov 1, Refinery of STAR, one of the companies in the group of Türkiyes largest direct foreign investor and the largest integrated industrial group SOCAR Türkiye (a subsidi...
ExxonMobil Agrees to Sell Argentina Shale Oil Assets to Pluspetrol
Wedoany.com Report-Nov 1, Exxon Mobil Corp. has agreed to sell most of its assets in Argentina’s Vaca Muerta shale patch to Pluspetrol SA, according to people familiar with the matter. The provi...