Marketplace

PerkinElmer Introduces two new products for high-throughput oil analysis

PerkinElmer, Inc. recently introduced the OilExpress 4 and OilPrep 4 systems which can give faster oil analysis. The company is a global leader with …

Expansion plans of major oil companies to make India a major exporter

India is poised to become a major exporter of petroleum products in the coming years. The country’s major oil companies including Indian Oil …

Rosneft plans to revise joint venture’s terms of wholesale product sales

The Russian business daily Kommersant reported that Russian oil giant Rosneft wants to revise the terms of wholesale products sales of the German company …

Sale of diesel automobiles overtake petrol cars’ in India

For the first time, more diesel automobiles were sold in India as a result of the lower retail price of diesel fuel. Since December …

Chevron sells downstream assets in Pakistan

Chevron (Caltex) announced that it will sell its downstream assets in Pakistan which include refining, marketing and retail sales outlets. The company has an …

Japan’s oil industry sector explores new options

Government and private sector groups in Japan with stakes in the petroleum industry are preparing for the lifting of the Sophisticated Methods of Energy …

A.C.T focuses on safety and green technology

A.C.T (Thailand). Co will open as many as five more branches in Thailand and will upgrade its standards so that the focus will be …

India’s economic survey predicts oil-refining capacity to rise 15%

The Economic Survey 2011-12, which was discussed by India’s Parliament, states that the country’s total refining capacity as of January 1, 2012 was 193.39 …

Linc Energy to finalize agreement with Chinese company

Peter Bond, chief executive of Australia’s Linc Energy Ltd., said that a Chinese company will buy 10-20% of the Brisbane-based company, and that the …

Venezuela dissolves partnership with Finland’s Neste Oil

Venezuela has begun the process of dissolving its partnership with Neste Oil of Finland. The joint venture, Nynas AB, operates four refineries in …