Indonesia and China will drive most of the growth in oil storage industry in Asia and Oceania over the period 2018–2022, according to leading data and analytics company GlobalData. The two countries are set to add more oil storage capacity than any other…
Petroteq Unveils Asphalt Ridge Oil Extraction Facility, Initiates Production
Studio City, California - Petroteq Energy Inc. (TSXV: PQE) (OTC Pink: PQEFF) (FSE: PQCF) ("Petroteq" or the "Company"), a company focused on the…
IEA Report: Growing Non-OPEC Supply May Shelve Sharp Oil Price Spikes
In the latest Oil Market Report update issued by the International Energy Agency on June 14, global oil prices are "unlikely to increase as sharply as…
Petroteq Acquires Additional Acreage Adjacent to Its Asphalt Ridge Location Contingent Resource Increased 8.5% to 93.4 Million Barrels
Studio City, Califronia - (Newsfile Corp. - June 7, 2018) - Petroteq Energy Inc. (TSXV: PQE) (OTC Pink: PQEFF) (FSE: PQCF) ("Petroteq" or the "Company"), a company focused on the development and implementation of proprietary technologies…
TCarta Delivers Satellite Derived Bathymetry Data to Total for Hydrocarbon Exploration Project
BRISTOL, United Kingdom – TCarta, a global provider of marine geospatial products, has delivered satellite derived bathymetry (SDB) to Total SA, one of the world’s largest oil and gas producers. Total will use the water depth data for preparing seismic…
Financial Closing Gives Wärtsilä the Go-ahead for Building the New Hamina LNG Terminal
The LNG terminal to be built at the Finnish Port of Hamina by the technology group Wärtsilä under a turnkey contract has reached financial close and received the necessary building permits. Debt financing for the project has been concluded with Skandinaviska…
US Sanctions Likely to Cut Demand for Iranian Crude and Limit Scope for New Developments, Says GlobalData
Following the news that the US government will withdraw from the nuclear accord with Iran or Joint Comprehensive Plan of Action (JCPOA) and re-impose sanctions on the country, Will Scargill, Senior Fiscal Analyst for Oil & Gas at GlobalData, a leading…
BP and Alaska Gasline Development Corporation Sign Binding Gas Sales Precedent Agreement
(ANCHORAGE) — The Alaska LNG Project reached a historic milestone today as BP Alaska and Alaska Gasline Development Corporation (AGDC) announced the parties have agreed to key terms of a Gas Sales Agreement, including price and volume. The terms are captured…
Engineers Get a Grip on Slippery Surfactants
HOUSTON – A Rice University group's innovative surfactant theory removes limitations of a 100-year-old model for interfacial behavior in enhanced oil recovery. The lab of Rice chemical engineer Walter Chapman customized a well-worn model to analyze…
Upward Trend Of Natural Gas Production Could Benefit Consumers, Manufacturers
Natural gas production in the U.S. is projected to break the domestic record in 2018, and again in 2019, according to the U.S. Energy Information Administration (EIA). These increases, continuing a trend of the past decade, have been driven by an explosion…