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MUSCAT, Feb 9 - Gulf Arab producer Oman aims to boost total oil output for the second consecutive year in 2009 after halting a six-year production decline from ageing fields last year, a top official said on Monday. While neighbouring members of the Organization of Petroleum ...
BAGHDAD, Feb. 7 -- OPEC members are expected to decide to cut oil production in March in an attempt to raise oil price to70 U.S. dollars a barrel, Iraqi Oil Minister said on Saturday. "OPEC members will meet in March, and there is an intention to decide further cut to raise ...
SEOUL, Feb. 9 -- The total investment South Korea made last year to develop overseas oil and gas fields amounted to a record high of 4.02 billion U.S. dollars, the Ministry of Knowledge Economy said on Monday. According to the ministry, the investment was expanded to brace for ...
PERTH - Britain's BG Group Plc (BG.L) has offered A$796 million ($538 million) for Australia's Pure Energy Ltd (PES.AX), trumping a bid by Arrow Energy Ltd (AOE.AX), in the latest deal in Australia's coal seam gas sector as firms seek to boost their gas reserves. BG, in its third ...
BASRA, Iraq - Next to a pipeline snaking across a desert in Iraq's south, villas built to house an expected influx of foreign oil workers stand empty. Nearby, a faded plaque in Russian and Arabic commemorates the opening of a pumping station in 1972, a reminder of the foreign ...
MADRID - Spanish builder Sacyr Vallehermoso is in talks to sell its 20 percent stake in oil major Repsol YPF to China's Sinopec Corp, Cinco Dias reported on Wednesday. Both Sacyr and Repsol declined to comment on the report which pushed shares in Repsol higher, despite a ...
MUMBAI, Jan 19 - Energy explorer Cairn India (CAIL.BO), a unit of UK's Cairn Energy (CNE.L), said on Monday it had received government approval to develop more oil and gas discoveries in the western Indian state of Rajasthan. The government has approved to commercially develop ...
TEHRAN - An aide to Iran's top authority said Wednesday oil could be used as a weapon against Israel, the United States and their allies, echoing an earlier call by an Iranian commander to impose a crude oil embargo over Gaza. Iran, OPEC's No. 2 oil producer, has said in the past ...
RIO DE JANEIRO, Jan. 13 -- Brazil's oil and gas giant Petrobras said Tuesday that it will invest 6 billion U.S. dollars in cleaner diesel production. About 4 billion dollars will be invested in the production of S-50 diesel fuel from 2009 to 2012, said the state-owned company. ...
BUDAPEST, Jan 20 - Hungarian oil and gas group MOL MOLB.BU does not need any new credit until Oct. 2010 as its existing loans are sufficient to cover its financing needs, Chief Financial Officer Jozsef Molnar told daily Napi Gazdasag. Molnar also told the business daily on ...
LOS ANGELES, Jan. 18 -- A U.S. federal judge has halted the Bush administration's efforts to open 110,000 acres of federal land in Utah to oil and gas exploration, it was reported on Sunday. In a ruling late Saturday, U.S. District Court Judge Ricardo M. Urbina said the danger of ...
BEIJING, Dec 26 - PetroChina (601857.SS)(PTR.N) (0857.HK), China's top oil firm, has found more than 200 million tonnes, or 1.46 billion barrels of proven oil reserves this year in its Daqing oilfield, local media reported on Thursday. Daqing, China's largest field by output, has ...
TOKYO - Japan's Nikkei stock average fell 42 percent in 2008, the biggest loss in its 58-year history, though the benchmark gained 1.3 percent on its final half-day of trade. Canon Inc (7751.T) and other exporters gained as the dollar rose slightly against the yen before falling ...
BEIJING - China will take advantage of falling oil prices to boost imports and build up its fledgling oil reserves against supply shocks, a top official said in a rare disclosure of energy strategies in the wake of the global economic turmoil. Zhang Guobao, head of the National ...
HONG KONG - Oil and gold prices surged on Monday following a flare up violence in the Middle East, while an ensuing rally in resources-related stocks helped Asian shares gain as what will certainly remain their worst year on record heads to a close. The South Korean won struck a ...
BEIJING, Jan 8 - China will become increasingly reliant on imports for its growing oil demand as domestic production sees no big breakthrough in the years ahead, a report by the Ministry of Land and Resources said. The prospect may fan expectation that the world's second largest ...
BEIJING - China's crude oil imports in December recovered from the year's lowest in November, as oil firms, as well as the state, rushed to build up stocks following the crash in oil prices. The increase came despite ample fuel supplies and sluggish demand at the pump as the ...
BEIJING - Top Chinese oil firm CNPC said it aims to raise oil and gas production by 5 percent annually and maintain an increase in its total investment despite the global financial turmoil, as it hopes to keep its edge in the world's second-largest oil market. In addition to ...
TEHRAN - Iran has submitted a $1.7 billion proposal for developing a part of the second phase of neighboring Azerbaijan's enormous Shakh-Deniz offshore gas deposit, a semi-official news agency reported on Saturday. "We are interested in having at least a 10 percent share of the ...
NEW YORK - Flying J, a privately held oil producer, refiner and pipeline operator, filed for Chapter 11 bankruptcy protection on Monday, citing weak oil prices and turmoil in the credit markets. The company listed estimated liabilities between $100 million to $500 million and ...
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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
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
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 ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...