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Maersk Oil slows down exploration.


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Maersk Oil slows down exploration.
Aug 31st 2014, 23:00

After recent dry wells and a $1.7 billion impairment, Maersk Oil is slowing down exploration globally and virtually ceasing it in Brazil and the US Gulf of Mexico until it works out what went wrong, chief executive Jakob Thomasen said.
The AP Moller-Maersk unit has reserves corresponding to 4.6 years of production, below an average of 5-10 years for Maersk Oil's peers, which include...

Asian petchem switch to LPG.


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From our sponsors

Asian petchem switch to LPG.
Aug 31st 2014, 23:00

Asia petrochemicals firms are building tanks and retooling plants to store and process liquefied petroleum gas imported from the United States, counting on a flood of supply from the shale boom to replace costlier naphtha as a raw material.Samsung Total Petrochemical, LG Chem and Royal Vopak are among a number of companies in Asia expanding import terminals or retrofitting plants over the next...

Shell sells more US gas assets for $2bn.


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From our sponsors

Shell sells more US gas assets for $2bn.
Aug 24th 2014, 23:00

Royal Dutch Shell announced the sale of two onshore US shale gas assets in exchange for $2.1 billion and acreage in different gas-rich areas as the energy company restructures its North America business and reins in costs.Shell agreed to sell to Ultra Petroleum its relatively mature natural gas-producing properties in Wyoming's Pinedale field, a total of 155,000 acres, in a step which will...

Emarat finalises 2014 oil products term



Emarat finalises 2014 oil products term.
Dec 15th 2013, 00:00

UAE fuel retailer Emirates General Petroleum Corp (Emarat) has finalised its term contracts to buy gasoline, jet fuel and gasoil for delivery over 2014, industry sources said.
Emarat will buy about 700,000 tonnes of 95-octane gasoline and 65,000 tonnes of 98-octane gasoline from China's oil giant PetroChina, a Gulf-based industry source said.

Maersk Oil slows down exploration.


Thousands of Free eBooks

BookBub brings you free & bargain national bestselling eBooks in the genres of your choice! Sign up now & join 1.5 million happy readers.
From our sponsors

Maersk Oil slows down exploration.
Aug 31st 2014, 23:00

After recent dry wells and a $1.7 billion impairment, Maersk Oil is slowing down exploration globally and virtually ceasing it in Brazil and the US Gulf of Mexico until it works out what went wrong, chief executive Jakob Thomasen said.
The AP Moller-Maersk unit has reserves corresponding to 4.6 years of production, below an average of 5-10 years for Maersk Oil's peers, which include...

Asian petchem switch to LPG.


Free Bestselling eBooks

Free national bestsellers for your eReader - Fiction, Nonfiction & more! Join 1.5 million book lovers now. Sign-up in under 10 seconds to get the free daily email.
From our sponsors

Asian petchem switch to LPG.
Aug 31st 2014, 23:00

Asia petrochemicals firms are building tanks and retooling plants to store and process liquefied petroleum gas imported from the United States, counting on a flood of supply from the shale boom to replace costlier naphtha as a raw material.Samsung Total Petrochemical, LG Chem and Royal Vopak are among a number of companies in Asia expanding import terminals or retrofitting plants over the next...

Shell sells more US gas assets for $2bn.


Grow a Small Account

Free Online Class Reveals How To Grow a Small Stock Trading Account of $5,000 or Less. Click Here To Sign Up, It's Free!
From our sponsors

Shell sells more US gas assets for $2bn.
Aug 24th 2014, 23:00

Royal Dutch Shell announced the sale of two onshore US shale gas assets in exchange for $2.1 billion and acreage in different gas-rich areas as the energy company restructures its North America business and reins in costs.Shell agreed to sell to Ultra Petroleum its relatively mature natural gas-producing properties in Wyoming's Pinedale field, a total of 155,000 acres, in a step which will...

Emarat finalises 2014 oil products term



Emarat finalises 2014 oil products term.
Dec 15th 2013, 00:00

UAE fuel retailer Emirates General Petroleum Corp (Emarat) has finalised its term contracts to buy gasoline, jet fuel and gasoil for delivery over 2014, industry sources said.
Emarat will buy about 700,000 tonnes of 95-octane gasoline and 65,000 tonnes of 98-octane gasoline from China's oil giant PetroChina, a Gulf-based industry source said.