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Oil & Gas

Crews work to recover oil from wrecked ship off New Zealand coast

TAURANGA, New Zealand — Crews in New Zealand are fighting high winds as they attempt to recover oil from a ship carrying nearly 500,000 gallons of fuel that ran aground
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Shell to close naphtha cracker in Singapore

SINGAPORE -- Royal Dutch Shell Plc, whose largest refinery was halted by a fire last week, also plans to shut its naphtha cracker at Pulau Bukom in Singapore, Bloomberg reported.
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President Petroleum to expand operations in Argentina

SALTA, Argentina — Oil and gas company President Petroleum Co. has announced plans to acquire new fields in Argentina, according to Bloomberg.President, based in London, wants fields that have already
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Saudi Arabia looks to maintain edge in petrochemical industry

MECCA, Saudi Arabia — According to National Commercial Bank (NCB), Saudi Arabia’s largest bank, the Gulf kingdom is investing nearly $63 billion into projects to boost its petrochemical industry and
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Dozens killed in Nairobi pipeline explosion

NAIROBI, Kenya — A fuel pipeline exploded Monday morning in Nairobi, igniting a fire that killed at least 61 people and injured 100 more, The Associated Press reported.Operated by the
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Oil workers rescued after drifting three days at sea

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US-Canada pipeline clears environmental hurdle

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Brazilian oil giant to build ‘world’s largest’ ethanol distillery

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US bans Syrian petroleum imports

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Oil Prices Drop Amid Weakening Demand for Crude

According to The Associated Press, oil prices extended losses to near $86 a barrel on Friday amid fears that a slowing global economy will weaken demand for crude, but
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