Canadian firm makes new oil discovery in ColombiaCanadian-owned Pacific Rubiales has made a new oil discovery at an exploration well located in Colombia's Llanos Orientales region, a media report said.
Argentina to import gasoline for first time in 30 yearsArgentine oil company YPF has said that it plans to import 50 million litres of gasoline as demand outstrips supply in the South American nation.
Paramount Energy Trust files Annual Information Form and Form 40-F for theCanada and has filed its Form 40-F (which includes the AIF as an exhibit) with the U.S. Securities and Exchange Commission on the Electronic Data Gathering, Analysis and Retrieval ("EDGAR") system in ...
Q4 and FY2009 results- $58.6 million in gross operating revenues, $46.8 million EBITDA in 2009 - Declared cash distributions total $29.4 million, or $1.00 per unit - 98% distribution payout ratio in 2009, versus 102% in...
Sure Energy announces year end 2009 financial and operating results- Corporate production increased year over year from 373 BOE/d to over 662 BOE/d - Peace River Arch natural gas discovery in late 2009 has now increased production to 950 BOE/d - Sure Energy's pro...
Shell says no longer selling petrol to Iranoil giant Shell said Wednesday it had stopped selling petrol to Iran, becoming the latest major oil company to stop trading with the Islamic Republic."Shell is not currently selling gasoline to I...
Shell Ends Gas Sales to IranIran's Ahmadinejad Criticizes US Role in Afghanistan Oil giant Royal Dutch Shell says it is no longer selling gasoline to Iran, the latest in a growing number of oil firms to halt supplies to the Isla...
Saudi Aramco CEO Predicts Less Volatility in Oil PricesCEO Khalid Al-Falih said, "The price range that we have seen recently—$70 to $80 (a barrel)—I believe has been supportive of new investment." With oil prices at an eight-week high as U.S. gasoline...
Albion Petroleum Ltd. cancels private placementhas been cancelled. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE. Certain information in this press release may contain forward-looking ...
Saudi cuts April term to 1 Asian buyer, rest steadySaudi Arabia will reduce crude supply in April to a major Asian buyer ahead of OPEC's meeting next week, the first cut to a big lifter since late last year, but will keep full contracted volumes to ot...
Gambling on WTI HorseraceEditor of"The Schork Report" Understandably, this month’s STEO has few surprises: The settle price for the Nymex WTI contract for April delivery was revised $1 higher to $79.00, but May remains the ...
Paramount Energy Trust - Fourth Quarter and Year End Results Webcast - Marchhttp://www.newswire.ca/en/webcast/index.cgi . CNW's webcast of earnings calls is consistent with Market Regulation Services Inc. (RS) objectives of providing investors with material information broadl...
Shell stops gas sales to IranNEW YORK (CNNMoney.com) -- Royal Dutch Shell has stopped selling gasoline to Iran, the company confirmed Wednesday, adding to a list of oil giants that have stopped sales after a threat of future U.S....
Shell, Vitol cut gasoline sales to IranNEW YORK (MarketWatch) -- Oil major Royal Dutch Shell and oil-trading giant Vitol have suspended gasoline sales to Iran, as policy makers explore fresh options in an effort to curb the country's nucle...
Idemitsu, Showa Shell to suspend refinery operations due to slack demandTOKYO — Idemitsu Kosan Co and Showa Shell Sekiyu KK said Wednesday they will temporarily suspend operations of their oil refineries in fiscal 2010 on slack demand for gasoline and other petrole...
Argentina Will Force Shell, Petrobras To Boost Fuel OutputPlanning Minister Julio De Vido said the companies have intentionally lowered fuel output to create a supply shortage that forces prices higher. "Because of that, the state will intervene to ensure t...
Uganda State Oil Industry Gets $13.5 Million Grant From Norway) to fund a refinery feasibility study and put in place institutions to manage oil production and revenues and protect the environment, an official said Wednesday.
East Africa Shines as Oil Exploration Bright SpotEast Africa has become a promising new frontier for oil exploration and major multinationals are jostling for the rights to search for black gold, industry experts said Tuesday. "There are still...
Brace for Above-Normal US Hurricane SeasonFive hurricanes, two or three of them major, are expected to strike the U.S. coast in what could be an above-average 2010 Atlantic hurricane season, private forecaster
Crude oil stockpiles climb by 1.4 million barrelsOn Wednesday March 10, 2010, 10:59 am NEW YORK (AP) -- Crude inventories rose less than expected last week, while gasoline supplies dropped, the government said Wednesday. Crude inventories rose b...
Current Trends in the Oil Industry Affects Business -- Creating Interesting Developmentswww.rothmanresearch.com In December of 2009, crude oil price movement could easily be distinguished by two quasi conflicting drift. The OPEC Reference Basket made a ricochet recovery backed by the op...
Brookfield Renewable Power Fund Announces Completion of Preferred Share/CNW Telbec/ - (BRC.UN) - Brookfield Renewable Power Fund (the "Fund") today announced the closing of the previously announced public offering of 10 million Class A Preference Shares, Series 1 (the "S...
Alter NRG Corp. announces three strategic agreements that expand its productOctober 2009 a leading solutions provider in the growing geoexchange market, Alter NRG Corp. ("Alter NRG" or the "Company") is pleased to announce three further initiatives aimed at increasing its pre...
Ontario's Landmark Green Energy Plan Delivers/CNW/ - The future will be brighter for many businesses in Ontario as more than 500 new green energy projects, most of them solar power installations, were approved today. These 510 projects are ...
Calvalley Petroleum Inc. continues reserve growth momentumCalvalley Petroleum Inc. ("Calvalley" or the "Company"), is pleased to announce that its Board of Directors has accepted a reserves report (the "Report") prepared by McDaniel and Associates ("McDaniel...
Oilsands Quest files third quarter form 10-Q and operational updatewww.sedar.com . The company also provides an operational update. The following discussion addresses material changes in our results of operations and capital resources and uses for the three and ...
Oilsands Quest provides highlights of third quarter operational update and/CNW/ - Oilsands Quest Inc. (NYSE AMEX:BQI) ("OQI" or "the Company") is evaluating the potential to develop its Axe Lake oil sands discovery in northwestern Saskatchewan using typical steam-assisted g...
S.Korea eyes four more UAE reactorsSouth Korea hopes to build an additional four nuclear reactors in the United Arab Emirates, the country's ambassador said on Monday. In December, the UAE awarded a South Korean group a deal to bu...
Sahara picks HP server solutionsSahara Petrochemicals, a Saudi-based firm specialising in petrochemical, chemicals and related products, has selected HP server solutions to automate and optimise its datacentre processes. The HP Bla...
Kepco to start awarding UAE nuclear deals soonThe Korea Electric Power Corp (Kepco) will start awarding contracts in about two months to start building the first nuclear reactor in the UAE, a senior Kepco executive said on Monday. Kepco heads a ...
Key Energy Services in new ME ventureKey Energy Services, a leading provider of onshore well service rigs in the world, has joined hands with Abu Dhabi-based AlMansoori Specialized Engineering, to set up its new venture in the Middle Eas...
Geosciences conference 2nd biggest in worldThe Ninth Middle East Geosciences Conference and Exhibition (GEO 2010) which is taking place in Bahrain is now the second largest event of its kind in the world. "There are four major conferences for...
Bharat Oman to commission refinery in Sept quarterBharat Oman Refineries Ltd (BORL) will commission its 120,000 barrels per day Bina refinery in central India in the July-September quarter, junior Indian oil minister Jitin Prasada told lawmakers on T...
PetroChina to start work on Iraqi Halfaya in H2PetroChina will start work to develop the giant Iraqi oilfield Halfaya in the second half of this year after the newly awarded contract has taken effect, chairman Jiang Jiemin said on Friday. "Halfay...
Adnoc to skip Q2 naphtha exportsAbu Dhabi National Oil Co (Adnoc) will skip term naphtha exports in the second quarter under its April 2010-March 2011 contract, due to a lack of supplies, traders said on Thursday. This, as well as ...
Kuwait Petroleum to maintain Q2 Asia curbsOpec-member Kuwait has notified at least two customers in Asia that it will keep curbs on term crude oil supplies in April-June steady from January-March, sources at the term buyers said. Kuwait Petr...
Abu Dhabi awards $300m Shah gas workAbu Dhabi and ConocoPhillips have awarded a Dh1.1 billion ($300 million) construction contract for their Shah gas project to Al Jaber Group, Emirati newspaper al-Ittihad reported on Saturday. Last mo...
Iran eyes joint work on gas field with KuwaitIran has proposed to Kuwait that the two Opec countries together develop the disputed Arash natural gas field in the Gulf, a senior official was quoted as saying on Saturday. 'Iran has proposed t...
Iran to issue $1.36bn bonds for South ParsIran will start offering bonds worth a total of 1 billion euros ($1.362 billion) to help fund the development of the South Pars natural gas field on March 9, the Oil Ministry's website Shana repor...
Iraq-China firms sign deal for Maysan fieldsIraq has signed an initial deal with China's CNOOC and Sinochem to develop the 2.5-billion-barrel Maysan oilfield complex, Oil Minister Hussain Al-Shahristani told Reuters on Sunday. A final deal...
Saudi Electricity capacity to rise by 12,000MWState-controlled Saudi Electricity Co said it would add 12,043 megawatts to its power generation capacity through 2015 to meet rising power demand in the kingdom. The company would increase its gener...
Kuwait's budget surplus widens to $27.8bnKuwait's budget surplus widened to 8.02 billion dinars ($27.77 billion) in the first 10 months of its 2009/10 fiscal year due to oil income that was higher than forecast. Oil price recovery from ...
New oil strategy for GCC urgedWhile GCC states are in the midst of an impressive economic transformation their economies still depend heavily on the oil and gas sectors. Developments during last year served as a reminder of this,...
Natural gas demand to grow 67 per centThe demand for natural gas will grow by more than 67 per cent by 2030, delegates at the Nitrogen and Syngas International Conference were warned. 'Natural gas provides 23 per cent of all energy c...
UAE to commission first nuclear plant in 2017The United Arab Emirates, which has launched an ambitious nuclear power programme, will commission its first nuclear power plant in 2017, the country's oil minister said on Tuesday. 'The obje...
Ipic launches $2.5 billion loanAbu Dhabi government-owned International Petroleum Investment Company (Ipic) has launched a $2.5 billion, three-year term loan that will refinance existing debt, banking sources close to the deal said...
Iran ‘to sign Gazprom deal on Azar oilfield’Iran is to sign a contract with Russia's Gazprom this month on developing the Azar oil field, a business daily said on Tuesday. Russia has taken a tougher line on Iran in recent months, supportin...
Halliburton says no need to merge despite pending dealsHalliburton Co., the world's second-largest oil field-services provider, said it doesn't feel the need to make a major acquisition after two of its top rivals announced takeovers.
7 Key Lessons To Prevent Worker Deaths During Hot WorkThe CSB has identified over 60 fatalities since 1990 due to explosions and fires from hot work activities on tanks. Workers are potentially at risk in the oil and gas industry, where flammables are ha...
PetroChina and Royal Dutch Shell made joint to acquire Australian Arrow energyOil giants PetroChina Co and Royal Dutch Shell have made a joint A$3.3 billion ($3 billion) bid to acquire Arrow Energy Ltd, an Australian coal-seam gas developer. Analysts said the move would boost P...
Shell is facing new troubles with nigerian rebelsRoyal Dutch Shell Plc’s Kokori oil flow-station in the southern Niger River delta was attacked by the People’s Patriotic Revolutionary Force, the group said in an e-mailed statement yester...
Lignol Reports Fiscal 2010 Third Quarter Financial Results/CNW/ - Lignol Energy Corporation (TSX-V: LEC) ("Lignol" or "the Company"), a leading technology company in the cellulosic ethanol and biorefining sector, today announced its financial results for the...
Shell To Host 25th Anniversary Gastech In AmsterdamRoyal Dutch Shell is confirmed as the official host of the 25th Gastech conference and exhibition, taking place 21-24 March 2011 at the Amsterdam RAI, The Netherlands. "With their complete span of th...
Shell Pipeline Company Receives Common Ground Alliance President's AwardSan Diego, CA - The Common Ground Alliance (CGA), the nation's leading organization focused on protecting underground utility lines and the safety of people who dig near them, awarded Shell Pipeline C...
GE Oil & Gas Power Generation And Subsea Equipment Wins Bring Gorgon Project Awards To Over $1.1BFlorence, Italy and Perth, WA - GE Oil & Gas technology has again been selected to support the development of Gorgon, one of the world's largest untapped natural gas fields, which also features one of...
SGS Offers Free Webinar On The Role Of Mechanical Integrity Inspection In Capital ProjectsIn March and April 2010, SGS will be conducting free webinar sessions focusing on the role of mechanical integrity inspection in capital projects. The web seminar is the second in a series of webinars...
100, 000 Offshore Containers Certified By DNVFirst launched in 1989, DNV's Certification 2.7-1 for Offshore Containers has become the industry standard. Early February, DNV achieved a significant milestone, certifying the organisation's 100,000t...
OGX Announces The Presence Of Hydrocarbons In The Albian Section Of Well OGX-6RIO DE JANEIRO--(BUSINESS WIRE)-- OGX Petróleo e Gás Participações S.A. ("OGX") (Bovespa: OGXP3, OTC: OGXPY), the largest Brazilian private sector oil and gas company in terms of offshore explo...
Still In Talks With Shell To Buy 3 Refineries"Shell and Essar can confirm that they are still in negotiations around the possible sale and purchase of Shell's three refineries at Stanlow in the U.K., and Heide and Harburg in
Tullow Plans "Huge Acceleration" Of Africa Oil Exploration-CEO, "there will be a huge acceleration in the exploration program, as many rigs as possible drilling all across the basin," in addition to field appraisal and the small-scale development of the first ...
Tullow Plans "Huge Acceleration" Of Africa Oil Exploration-CEO, "there will be a huge acceleration in the exploration program, as many rigs as possible drilling all across the basin," in addition to field appraisal and the small-scale development of the first ...
Still In Talks With Shell To Buy 3 Refineries"Shell and Essar can confirm that they are still in negotiations around the possible sale and purchase of Shell's three refineries at Stanlow in the U.K., and Heide and Harburg in
Tullow Plans "Huge Acceleration" Of Africa Oil Exploration-CEO, "there will be a huge acceleration in the exploration program, as many rigs as possible drilling all across the basin," in addition to field appraisal and the small-scale development of the first ...
Saudis have plenty of oil capacity as demand returnsStumbleUpon Arabia’s 4 million barrels a day of spare capacity can easily be absorbed into the market when global energy demand recovers after the recession, the head of the kingdom̵...
Arab refining projects may be scrappedA new report by the Organization of Arab Petroleum Exporting Countries has said that uncertainty over future rates of global demand for oil derivatives, the fluctuation of construction material costs ...
Sinopec eyes oil refinery JV with Aramco, ExxonMobilChina's largest oil refiner, Sinopec, is considering setting up a joint venture with Saudi Aramco and US-based ExxonMbil to build an oil refinery able to process 12 million tonnes of crude per year in...
Iran says Opec may not boost output if demand risesIran's Opec governor has said that Opec may not necessarily boost output if oil demand rises, as producers outside the group could increase their production, Reuters has reported. 'Opec must consider ...
The Regulation Shell GameI think everyone has seen versions of this game. The street-corner con artist puts a pea under one of three cups and then whirls them around with speed and deception, while the "marks" bet on the ulti...
Oil Edges Up on China Import Surge, EIA Data EyedOil reversed earlier losses to gain a few cents towards $82 on Wednesday after China said imports jumped in February, boosting evidence that emerging Asian economies will lead global demand back into ...
East Africa new frontier for oil explorationEast Africa has become a promising new frontier for oil exploration and major multinationals are jostling for the rights to search for black gold, industry experts said. "There are still large area...
Paramount Energy Trust releases year end 2009 financial and operatingParamount Energy Trust releases year end 2009 financial and operating results, confirms March 2010 distribution and announces intention to convert to corporation
Eni Chief Calls For New Euro Gas Pipeline PlanPaolo Scaroni, chief executive of Italian oil and gas giant Eni, in a speech this evening at the CERAweek conference in Houston, called for a new strategy for providing Europe with a secure, long-term...
Kelman Technologies Inc. proposed going private transaction/CNW/ - Kelman Technologies Inc. ("Kelman") announced today that it has entered into a letter of intent with Seyco Operations Ltd. ("Seyco"), a corporation controlled by