Lamprell revenues surge on high oil prices

Lamprell_1Lamprell posted record revenues in 2011 which increased by 127.8 per cent to US$1.14 billion as high oil prices boosted demand.

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Iran's oil exports tumble as sanctions hit home

Oil_barrelsIranian oil exports have fallen significantly this month as some buyers stop or scale back purchases to abide by Western sanctions, Reuters reported

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Oman Oil Company signs MoU with Sri Lanka's CPC

OOC_CPC_1Oman Oil Company (OOC) has signed an MoU with Sri Lanka's Ceylon Petroleum Corporation (CPC) to promote investment opportunities in oil and gas exploration and refining between both countries.

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Gulf Petrochem storage terminal expansion on schedule

Sanjeev-SisaudiaThe first phase of Gulf Petrochem Group’s oil storage terminal project in Fujairah is on track for completion in September 2012, according to the company's CEO.

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Saudi Aramco and Sinopec sign co-operation deal

Khalid_Al-FalihSaud Aramco and China Petroleum and Chemical Corp (Sinopec) have signed a preliminary agreement to cooperate in a wide range of areas, including oil exploration and development, refining and petrochemicals.

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