PKN Orlen’s petrochemical investment program under the company ’s recently unveiled 2014-17 strategy, said Jacek Krawiec ..... Orlen’s management board. The project aims to help the company meet its goal of developing the downstream segment by further
crude oil price rebounded by more than $1/bbl on the New York market Aug. 20 to settle above $96/bbl after a weekly government report showed a larger-than-expected fall in the US crude oil inventory. The Energy Information Administration estimated
the only block on which the company bid, beating out Stone Energy ..... Perdido fold belt, where the company has drilled 11 exploration and appraisal ..... successful history there.” The company in July made its third major oil ..... 87% of the OCS the federal government has placed off-limits
Moody’s Investors Service. In a credit analysis of the Angolan government , Moody’s cited deepwater projects due on stream soon in the Lower Congo basin and the government ’s plans to offer deep and ultradeepwater blocks to international
and explosions that destroyed much of the town and left 47 people dead. TSB now is calling for additional physical defenses to prevent ..... a role in this accident.” TSB found that MMA was “a company with a weak safety culture that did not have a functioning
The US Coast Guard proposed higher offshore oil spill liability limits under the 1990 Oil Pollution Act to reflect significant increases in the Consumer Price Index.
continue to own the US onshore business, Lawler and his leadership team will develop and implement the strategy to expand the company ’s crude oil and natural gas liquids portfolio, BP says. The business will have its own governance, processes, and systems
after inspectors detected corrosion damage in pipe connected to the oil export system. The shutdown occurred on Aug. 17, the company said. The corroded pipe will be replaced during what is expected to be a 7-day shutdown. Statoil said Troll C has equity
said its estimate showed a 1.4-million-barrel drop in crude supplies. International oil traders noted that Ukrainian government forces continued fighting with pro-Russian separatists. Russia President Vladmir Putin is scheduled to meet Aug. 26 with
The US Coast Guard issued an interim offshore supply vessel (OSV) size limit rule after a 2010 law removed the previous statutory limit. The regulation became effective upon its publication in the Aug. 18 Federal Register. Comments on it will be accepted until Nov. 17.