bp signed an MoU with Seatrium for a floating production unit for its Tiber offshore oil project.
The forecast for global oil demand growth in 2025 has been raised to 1.1 million b/d, higher than the
Imperial Oil has appointed John Whelan as president, effective Apr. 1, 2025. Chairman, president, and chief executive officer, Brad
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Abu Dhabi Chemicals Derivatives Co. RSC Ltd. let a contract for construction of the UAE’s first methanol plant.
The companies envision a 400,000 b/d terminal in Texas City, Tex., with a new pipeline from Mont Belvieu, Tex.