Petroleum industry
ExxonMobil Marine Lubricants has introduced a new Technical Help Desk service to provide timely assistance to its customers worldwide in addressing ship-related lubrication problems or concerns. The service is available 24/7 to customers in the Americas, Asia Pacific, and Europe/Africa/Middle East through phone or email support. The
Petroleum industry
The Australian government is set to amend its fuel taxation laws to provide biodiesel made from animal fat with favorable tax treatment, similar to other biodiesel production methods. This move comes as part of the government's efforts to support the development of the biofuels industry, which is expected
Petroleum industry
Indian companies have made a strong showing in Forbes' list of the top 2000 corporate titans across the world, with 33 Indian firms making the cut. The list, which ranks companies based on a composite score of sales, profits, assets, and market value, shows that 17 Indian companies have
Petroleum industry
The Shaw Group Inc. announced on March 22, 2006, that an Indonesian subsidiary of its Shaw Stone & Webster unit had been awarded an engineering, procurement, and construction contract for a new 60 megawatt geothermal power plant by PT Pertamina. The plant, located in Kamojang, Java, Indonesia, will be the
Petroleum industry
Reliance Industries, slated to own the world's largest refinery in 2008, is set to utilize cutting-edge technology at its new facility to manufacture a substantial portion of high-profit auto fuels. With a planned production capacity of 580,000 barrels per day, the 29 million tonnes refinery at Jamnagar
Petroleum industry
China's central bank reported that the corporate goods price index (CGPI) rose 0.5% in February, maintaining a moderate year-on-year increase of 0.7%. This comes as farm produce prices increased 0.5% in February, but remained the same as last year. The report also highlighted significant fluctuations
Petroleum industry
China's Shaanxi Governor Chen Deming has announced that a specialized bank is likely to be established to fund the country's massive "go-west" campaign. The Western Development Bank, as it may be called, is expected to ease the cash shortage in western China, where provinces
Petroleum industry
Prices of petroleum products, diesel, petrol, and liquefied gas declined in the main Kabul market at the weekend, according to dealers and store owners. The decline was attributed to increased imports and better winter conditions, leading to a decrease in demand and subsequently lower prices. However, most food item rates
Petroleum industry
Foreign companies can now participate in the subsidized fuel oil distribution business in Indonesia through the Public Service Obligation (PSO) system with direct appointment. According to Gas and Oil Affairs Director General Iin Arifin, this decision allows foreign companies like Shell to engage in the business without having to go
Petroleum industry
A nationwide railway strike in South Korea, led by approximately 14,000 workers from Korea Railroad Corp. (KORAIL), began its second day on Thursday, significantly curtailing railway services across the nation. The strike, aimed at securing higher wages and better working conditions, resulted in last-minute negotiations failing to end the
Petroleum industry
South Korea will start selling biodiesel, a mixture of diesel and rapeseed oil, for private vehicles from July, aiming to cut back on oil imports and reduce air pollution. The government aims to reduce crude imports and carbon dioxide emissions, and has agreed with local refiners to supply more eco-friendly
Energy industries
A recent seminar in Beijing saw Wang Yonggan, secretary general of the China Electricity Council, warn that power coal price increases this year may lead to across-the-board losses for power generating enterprises in China. The situation could be exacerbated by declining power coal quality. As a result, power coal suppliers
