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Shell Develop Mining Exploration and Production Technology, Low-Quality Oil Into High-end Petroleum Products
SHELL Global Solutions, the technology arm of oil giant Royal Dutch Shell Group, is committed towards developing technology to meet the region’s energy challenge.
Vice-president (Asia-Pacific) Lee Tzu Yang said the market had no other option but to boost efficiency in order to cope with increasing production costs triggered by escalating oil prices.
“That’s where our technology [...]
Canadian Mining company, Vangold Resources Ltd, Signs Deal to Explore for Oil
Canadian-based, Vangold Resources Ltd, has signed a production sharing contract (PSC) with Kenya’s Ministry of Energy to explore oil on Block 3A in the North Eastern Province.
This is the third exploration contract to be signed with an international oil company in three weeks.
Block 10A went to Camec International of the UK, Block 11 to the [...]
Petronas trading arm lands in India
NEW DELHI: Mitco Labuan, the trading arm of the $44.3-billion Malaysian petrochemicals giant Petronas, is setting up a wholly owned subsidiary to engage in trading and related activities in the country..
Mitco Labuan, which clocked revenues of $1.37 billion last year, would be involved in activities including cash and carry wholesale trading and export trading of [...]
Australasian Investment Review: Gas/Coal to Oil
You are going to hear a lot about gas/coal to liquids technology in Australia in coming years and it could very well end up supplanting the likes of ethanol and biodiesel as a source of energy in competition with oil.
South Africa has used it for years (Sasol), the Germans used similar technology during World War [...]
India’s oil diplomacy brings in over 12 global firms
The ’silent’ oil diplomacy of Petroleum Minister Murli Deora has for the first time brought over two dozen global energy firms including likes of Chevron, Total and BP to Indian oil and gas exploration scene with most of them likely to bid in the latest offering of 55 blocks.
“Many globally renowned oil and gas companies [...]
