Archives for 2016
Oil stockpiles build after five weeks
Oil inventories jumped by 4.9 million barrels in the U.S. after five weeks of decreases. The U.S. Department of Energy said the 474 million barrels of oil in storage — excluding the Strategic Petroleum Reserve...
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ONGC, United Energy reportedly vying for $2 billion Chevron fields
Oil & Natural Gas Corp., the largest Indian oil and gas explorer, and Hong Kong-listed United Energy Group Ltd. are among bidders for Bangladesh natural gas assets being sold by Chevron Corp., people with knowledge of the...
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Goodrich Petroleum emerges from bankruptcy
Goodrich Petroleum Corp., one of the first mid-sized drillers to file for bankruptcy this year, has successfully completed its Chapter 11 reorganization plan and has formally emerged from bankruptcy, the company announced. The Houston-based drilling...
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Exxon Mobil: Global energy and plastics demand will push emissions up
The world’s expanding middle class led by China and India is creating 4.3 percent increase in new chemicals demand — mostly for plastics — each year, which is more than twice the 2 percent growth...
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Cheniere cleared to export LNG from second Sabine Pass plant
Cheniere Energy Inc., which shipped its first cargo of liquefied natural gas in February, has been cleared to double exports from its landmark terminal in Louisiana. Cheniere’s second liquefaction plant at Sabine Pass was approved...
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