More Petroleum News


Petroleum News including Oil Exploration, Production, Offshore Oil Drilling, Refining, Pipeline News & Resources and Oil & Gas Industry News

More Oil & Gas News

Santos acquires stake in Deepwater Block R

Jan 30, 2015 Inpex Corp., through its wholly owned subsidiary, Inpex Offshore South West Sabah Ltd., has reached an agreement to transfer 10% of its participating interest in Deepwater Block R to Santos Sabah B...

Total awarded 10% in new 40-year ADCO concession

Jan 30, 2015 Total has signed a new 40-year onshore concession agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Co. (ADNOC), grantin...

Eclipse Resources completes $440 million equity raise

Jan 30, 2015 Eclipse Resources Corp. has closed its private placement of 62,500,000 shares of common stock. The shares were sold to selected institutional and accredited investors, including affiliates of EnCap...

Kinder Morgan acquires 121 Point Breeze Terminal

Jan 30, 2015

Kinder Morgan has acquired 121 Point Breeze Terminal LLC, owner of a refined petroleum products terminal serving the US Mid-Atlantic region.

Mexico cuts spending by $8.4 billion due to drop in oil prices

Jan 30, 2015

Mexico has seen prices for its oil fall in recent months from around $100 to $38.42 per barrel. 

Markets brace for Big Oil profit plunge

Jan 30, 2015

Profits for companies in the Standard & Poor's 500 index are expected to grow at one of the lowest rates in years, just 1.4 percent. 

ConocoPhillips to slow petroleum reserve project investment

Jan 30, 2015

ConocoPhillips Alaska says that it's slowing its pace of investment on the Greater Mooses Tooth 1 project. 

US Senate passes bill approving Keystone oil pipeline

Jan 30, 2015

Defying a presidential veto threat, the Republican-controlled U.S. Senate approved a bipartisan bill to construct the Keystone XL pipeline to Canada's tar sands. 

Myanmar opens deep sea port for Chinese oil pipeline

Jan 30, 2015

Myanmar has officially opened a deep sea port off its western coast, part of a $2.45 billion port and pipeline project. 

Chinese plant commissions propylene unit

Jan 30, 2015 Sanyuan Petrochemical Co. Ltd. (SPCL), a subsidiary of Zhejiang Fuling Holding Group, has commissioned a 450,000-tonne/year propane dehydrogenation unit unit at its 600,000-tpy plant in Shaoxing Ci...