News & Events
China oil stars risk being dimmed by their giant version 2.0
Rigzone/2 October 2017 (Bloomberg) — China’s independent refiners burst onto the international oil market scene only a couple of years ago and lifted the nation past the U.S. as the…
Read MoreCanada review of Trans Mountain Pipeline flawed, lawyers argue
Rigzone/2 October 2017 VANCOUVER/CALGARY, Alberta, Oct 2 (Reuters) – Canada failed in its duty to consult First Nations and other groups on the Trans Mountain oil pipeline expansion, and therefore…
Read MoreLaredo to sell Permian Pipeline unit stake for $825 Million
Rigzone/2 October 2017 Oct 2 (Reuters) – Oil and gas producer Laredo Petroleum said on Monday it would sell its stake in a Permian pipeline unit for $825 million, lower…
Read MoreUS fuel demand hits highest level in a decade for August
Rigzone/28 September 2017 (Bloomberg) — U.S. fuel consumption to its highest level in a decade for the month of August, driven by a rise in distillate demand, as gasoline deliveries…
Read MoreUS crude prices sink $1.09, settling at $50.58, on signs of higher oil output
CNBC/28 September 2017 Brent crude slipped below $56 a barrel after posting its biggest third-quarter gain since 2004. U.S. drillers added oil rigs for first week since mid-August, Baker Hughes…
Read MoreChart of the Day: Unemployment rate for people under 30 highest in June
Singapore Business Review/27 September 2017 Students aged 15-24 looked for vacation jobs. This chart from the Ministry of Manpower (MOM) shows the resident unemployment rate in June was the highest…
Read MoreUK could rescue energy efficient homes policy with few key steps
The Guardian/27 September 2017 Progress in making Britain’s homes more energy efficient has stalled, but the government could salvage billions in wastage by taking a few key steps, a new…
Read MoreAustralia PM Turnbull says gas companies agree to domestic supply deal
Reuters/27 September 2017 SYDNEY/MELBOURNE (Reuters) – Australia’s three east coast LNG plants have staved off threatened export curbs after promising to plug a projected domestic gas supply shortfall in 2018,…
Read MoreJXTG to shut Muroran petrochem plant as Japan gasoline demand fades
Reuters/27 September 2017 TOKYO (Reuters) – JXTG Nippon Oil & Energy Corp, Japan’s biggest oil refiner, said on Wednesday it will shut its Muroran petrochemicals plant due to falling demand…
Read MoreU.S. eases rules on diesel for generators in Puerto Rico
Reuters/27 September 2017 WASHINGTON (Reuters) – The U.S. Environmental Protection Agency said on Tuesday it has granted Puerto Rico a temporary waiver allowing it to burn high sulfur diesel in…
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