BEIJING:
China Petroleum & Chemical Corp, Asia’s biggest refiner, profited from crude-processing for the first time since 2011 while PetroChina Co cut refining losses as China moved to market-driven pricing of its energy needs.

MOSCOW:
The mystery of who controls Russia’s third-largest oil firm Surgutneftogas overshadowed results for its energy majors, underlining the lack of transparency that continues to weigh on the state-dominated sector.

In rural areas across the US, the thriving meth trade has turned storage facilities like West Fertiliser Co and even unattended tanks in farm fields into frequent targets of theft, according to several government and fertiliser industry reports issued over the past 13 years

HOUSTON:
Valero Energy and Marathon Petroleum reported higher first-quarter profits as both US refining companies kept looking for ways to boost the use of cheaper domestic crude oil.

LONDON:
Royal Dutch Shell chief executive Peter Voser, who built the oil company into a leader in liquefied natural gas after a reserves accounting scandal, is to retire next year in a shock early departure.

WELTEC Biopower, a full-service provider, has developed a rugged liquid input system which prevents outages and thus safeguards the technical stability of AD systems. Productivity is increased at the same time due to the possibility of flexibly mixing the input materials as an alternative to using expensive maize silages, says a company release.

LONDON:
The Organization of the Petroleum Exporting Countries’ (Opec) crude oil output has rebounded in April from its lowest monthly level in more than a year due to the resolution of export disruptions in Iraq and Libya and a rise in Iranian sales, a Reuters survey found.

ABERDEEN-based oilfield services firm Coretrax Technology has appointed an operations manager to focus on the planning, development and execution of wellbore cleanup and displacement.

DUBAI:
Royal Dutch Shell has beaten France’s Total to a multi-billion-dollar project to develop a tricky gas field with Abu Dhabi National Oil Co (Adnoc).