The U.S. government has appealed a ruling of a federal court that lowered the possible penalty BP Plc has to pay for the oil spill
Category: News
Oil Giants Propose Cuts in Development Spending in Iraq
Oil firms have proposed that they will cut development spending in Iraq worth millions of dollars after Bagdad announced that cheap oil and its fight
Mosaic Co. to Expand Esterhazy Mine for $1.7 Billion
Mosaic Co. is going to spend $1.7 billion to expand its K3 potash mine near Esterhazy as part of the plans to accelerate the production
Many African Oil Explorations Keep Going Despite Cheap Oil
African oil explorers have decided to keep on drilling in selected areas such as off the West African coast or onshore east Africa despite the
China to Allow More Independent Oil Refiners
Beijing has decided to allow more independent oil refiners to import oil from abroad hoping to lower domestic fuel prices and improve fuel quality. China
Brazil’s Fertilizer Market Set to Stagnate
Brazil’s fertilizer market is predicted to stagnate for another season. Stagnation, according to analysts, only stresses the importance of mergers in underpinning the profitability of
Uralkali to Invest $4.5bn to Increase Production Capacity
Russia’s Uralkali said it would invest $4.5 billion over the next five years in order to boost its production capacity by a third in an
Canadian Farmers Start Building Their Own Fertilizer Storage
Canadian farmers have been recently investing their profits from crops in fertilizer storage facilities in order to mitigate the price war of some major retailers
US Geological Survey Finds Plenty of Potash Sources Worldwide
The US Geological Survey (USGS), a scientific agency of the United States government, has recently published an up-to-date and GIS-based assessment of both known and
China Considers Mergers to Create Its Own “Exxon Mobil”
The Chinese authorities have for long wanted to merge China National Petroleum Corp, the parent of PetroChina, and China Petrochemical Corp, the parent of Sinopec,