Canadian Prime Minister Stephen Harper will visit China next week to discuss the future of Canada's oil products. The visit comes after the US rejected a pipeline route from Alberta to Texas. Five Cabinet ministe...
Industry sources said that the Al Khafji Joint Operations Company set up by state oil firm Saudi Aramco and Kuwait Petroleum Corporation could announce the winning bids in about 2 weeks. Prospective contractors were given t...
BRUSSELS—Russian natural-gas supplies to Europe were curtailed for a third straight day Friday as particularly cold winter weather increased Russia's domestic demand. "There has been a decrease...
Shell and other North American LNG proponents want to cash in on oil-linked prices Asian buyers will pay for liquefied natural gas, $12 or more per thousand cubic feet versus the less than $3 per mcf North American b...
The Omani Women's Association in Al Buraimi Governorate has become the latest beneficiary of Oman LNG's far reaching social investment program that is divided into three broad categories: Empowering Communities, Cha...
The much-anticipated step comes as the two governments and industry push to build multibillion-dollar pipelines that would ship oil sands-derived crude to Texas and to the Pacific Coast. Both pipeline projects, TransCanada ...
HOUSTON – Exxon Mobil Corp.'s (XOM) decision to leave its US natural-gas output untouched despite low commodity prices may push some smaller producers out of the business, force consolidation in the industry and make th...
The increase reflects higher production at the Vankor and Verkhnechonsk fields in East Siberia and as part of the Sakhalin-1 project. Crude oil production amounted to 2396 th. bpd in Q4 2011. Marketable gas productio...
In Morocco we enjoy fiscal conditions that are recognised to be amongst the most favourable worldwide. Longreach is incorporated in Jersey, Channel Islands. One of the earliest entrants to Morocco, Longreach Oil &...
Sinopec Group, the parent of Hong Kong and Shanghai-listed China Petroleum & Chemical Corp., has suffered losses in refining as the Chinese government capped retail fuel prices to curb inflation. The state-owned company...
By The Canadian Press | February 02, 2012 CALGARY - BC LNG Export Co-operative LLC has received a 20-year licence from the National Energy Board permitting the export of liquefied natural gas from Kitimat, BC, primarily to ...
Brazil's Bovespa index headed for a fifth weekly gain, the longest winning streak in 15 months, as raw-material producers rose after a report showing employment increased more than forecast in the US lifted commodities....
By Yasir Rehman ISLAMABAD – Pakistan next week will urge Qatar to export liquefied natural gas (LNG) as soon as possible when Prime Minister Yousuf Razi Gilani begins a three-day official visit, according to a statem...
WELLINGTON, New Zealand -- New Zealand Oil and Gas (NZOG) is finalizing arrangements for a new 2D seismic survey in the Gulf of Gabes offshore Tunisia. The survey will be acquired over the 1200-sq km (463-sq mi) Diod...
Russia will remain China and India's corner stone for energy for many years, says Fatih Birol, Chief Economist from the International Energy Agency. But it needs to invest more into the industry and learn to save...
This followed the collapse of negotiations between the two countries after South Sudan accused Sudan of stealing its oil whereas Sudan demanded more than $30 per barrel for the use of the oil inf...
ROYAL Dutch Shell has confirmed it is aiming to offload its entire $6.7 billion stake in Woodside Petroleum. Shell chief financial officer Simon Henry said Shell would only sell "at the right price", although he c...
As a result of this signing, Tullow will now finalise arrangements with China Oil Company, CNOOC and France's Total for completion of the farm-down and the related transfer of monies. The agreement signed today is for e...
The president of the Renewable Fuels Association (RFA) this week wrote a letter to the US Trade Ambassador asking for an investigation into news that the Brazilian state of Sao Paulo was imposing a 25% tax on all imported <...
PDVSA workers supervise the harbor at El Palito refinery about 74 miles from Caracas, Venezuela. (AP file photo/Fernando Llano) CARACAS, Venezuela — Venezuela's oil exports to the United States have dipped in recent mon...
