company

p>State-owned Indonesian oil and gas company Pertamina will raise its stake in the West Madura block in eastern Java to 60% from 50% next year, an official said Tuesday. The company will also take over South Korean Kodeco Energy's operatorship of the block once the contract ...
p>Four spot LNG cargoes, at least three term cargoes and a short-term LNG cargo are heading towards India as buyers scramble to import gas to make up for reduced domestic supplies, several sources said late Tuesday. The Panna offshore field suffered an unplanned shutdown July 21, ...
2010 China Petroleum & Chemical International Conference exclusive live report! CNOOC has been prepared response to face the incidents similar to the Gulf of Mexico oil spill. Shouwei Zhou, Deputy General Manager of CNOOC said that, bp Gulf of Mexico oil spill sounded the alarm ...
International and unilateral sanctions on Iran could be having an impact on the crude market in the Islamic republic, an energy watchdog said. The U.N. Security Council in June passed new sanctions on Iran as punishment for its controversial nuclear program. The United States and ...
Gasoline production in Iran is moving ahead with a sense of urgency, the country's petroleum minister said from Tehran. Sanctions imposed unilaterally by the United States and the European Union in July target the Iranian energy sector in an effort to persuade Iran to abandon its ...
p>Russia will not start developing hydrocarbon reserves in the Barents Sea and Arctic Ocean for more than a decade, Russia's Minister of Natural Resources Yuri Trutnev said late Wednesday. "The most optimistic time frame for the development is 12-15 years away," Trutnev told ...
Rights to what may be the largest Brazilian oil deposit in the country's deep waters may be auctioned off next year, an official said in Rio de Janeiro. Magda Chambriard, a director of the Brazilian National Agency of Petroleum, Natural Gas and Biofuels, said independent ...
For the first time since it gained independence over a century and a half ago, Liberia has struck an agreement with a foreign company for the exploration of crude oil in its territorial waters. On 29 August, the government of Liberia announced it had granted Chevron Corp. ...
p>The state of Alaska filed suit Thursday in US District Court to overturn what it called a de-facto federal moratorium on oil and gas drilling in the state's Outer Continental Shelf. Governor Sean Parnell and state Attorney General Dan Sullivan said the Obama administration's ...
p>Korea Gas Corporation is in negotiations to acquire a stake in Indonesia's Donggi Senoro LNG project in Central Sulawesi, a spokesman from the South Korean state-owned company said Monday. The talks are underway with Japan's Mitsubishi Corporation, which holds a 51% stake in ...
p>Russia's biggest oil producer Rosneft is likely to become a greater supporter of the government's policy in the oil sector, including expansion into international markets, following the appointment of Eduard Khudaynatov Sunday as its new president, replacing Sergei Bognachikov, ...
p>Japanese trading companies will continue to buy and trade in Iranian methanol despite the imposition of new sanctions against the country on Friday, local traders in Tokyo said Monday. Japanese trading houses such as Mitsui, Mitsubishi and Sojitz, offtake directly around 1.2 ...
p>Australia's Basker-Manta-Gummy oil and gas field joint venture has agreed to pay Norway's BW Offshore $32.5 million as part of a settlement ending a legal row ignited by the cancellation of a FPSO order in 2008. The agreement settles all claims and counter-claims related to the ...
p>Environmental groups called on the Obama administration to maintain and even expand limits on offshore drilling, a few hours after an oil and gas production platform exploded in the US Gulf of Mexico on Thursday. The platform owned by Mariner Energy exploded early Thursday in ...
World oil prices dropped below $75 a barrel in Asian trade Friday after overnight gains on positive US economic data that boosts energy demand. Light sweet crude for October delivery was seen trading at $74.81 a barrel at 11.30 a.m Singapore time while Brent crude declined to $76...
p>The Japanese cabinet Friday approved the imposition of additional sanctions against Iran and urged caution on investments and trade in the energy sector with the country. The additional sanctions come in response to Iran's uranium enrichment program, which the West suspects ...
p>Western Australia has rejected a proposal to create a federal agency to regulate offshore oil and gas development, the state Minister of Mines and Petroleum Norman Moore said at an LNG conference in Perth on Tuesday. "We agreed to a majority of the proposals put forward after a ...
p>Four Australian joint venture partners have signed an agreement with the China National Offshore Oil Corporation, or CNOOC, to develop three oil fields in southwest China's Beibu Gulf. The supplemental development agreement was signed in Beijing on Tuesday for the 6.12, 6.12 ...
Major new energy issues are about to transform still further the strategic balance of the Horn of Africa and the Red Sea, with foreseeable consequences for the global energy market over the coming decade. Soon-to-be-evident new wealth in the Red Sea/Horn of Africa region will ...
p>Peruvian President Alan Garcia this week signed a decree designed to ensure all natural gas produced from block 88 in the Camisea region will be earmarked for domestic use. The decree also authorized government officials to negotiate with the Pluspetrol-led group developing the ...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
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China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
Minivans rev up sales for GM
Minivans rev up sales for GM
Sales of General Motors and its Chinese ventures accelerated in ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
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Two models stand beside golf equipment and bags at a recent golf ...
Yao's gift of sport for all
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Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Fourteen countries expected to compete in Cuba's wrestling tourney
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Some 14 countries and regions are expected to compete in the 45th ...