company

JAKARTA -- Indonesia is expected to increase its oil production to more than one million barrel per day in the next three years as some companies will start production by the end of this year, chairman of the upstream oil and gas regulator BP Migas Raden Priyono said here ...
BAGHDAD - Iraq has raised oil exports to a post-war high, earning billions of dollars to fund reconstruction after Baghdad cracked down on sabotage of its strategic pipelines, the oil minister said on Sunday. In an interview with Reuters, Hussein al-Shahristani said he expects ...
KUALA LUMPUR - Royal Dutch Shell (RDSa.L: Quote, Profile, Research) Chief Executive Jeroen van der Veer said on Monday he did not see any shortage of physical oil supplies, echoing the view of many OPEC ministers who say the world market is well-supplied. Oil prices have risen ...
CALGARY - EnCana Corp, Canada's biggest energy company, said on Sunday it plans to split into two separate oil and natural gas firms in an effort to wring out more value with crude prices at record highs. EnCana, a $65 billion gas and oil sands producer formed in a merger six ...
NEW YORK - Oil prices fell Thursday as a big increase in U.S. natural gas stocks weighed on the energy complex, spurring profit-taking from recent highs. U.S. crude settled down 10 cents at $124.12 a barrel, after dipping as low as $120.75 a barrel earlier. London Brent crude ...
UST LUGA, Russia - Prime Minister Vladimir Putin said on Wednesday Russia would grant tax breaks to new oil provinces to revive output growth at the world's No.2 oil exporter and add over a tenth to current output levels by 2015. The Russian stock market .IRTS, dominated heavily ...
MOSCOW - The European Bank for Reconstruction and Development said on Sunday it would buy an $85 million minority stake in East Siberian oil firm Irkutsk as part of its plan to invest in energy efficiency projects. The EBRD, which says improving energy efficiency and boosting ...
NEVADA, Missouri - George Stapleton has been in the oil business for 30 years, helping plumb sands and shale across the Middle East, Asia and Europe. Now the chief executive of MegaWest Energy Corp is drilling deep into Missouri farmland. In a non-descript pasture bordered by a ...
LONDON - Oil giants Royal Dutch Shell beat forecasts to post big rises in first quarter profits on Tuesday, lifting shares across the sector, as investors bet oil prices above $100/barrel would be an even bigger bonanza than expected. Shell, the world's No. 2 non government...
Iran has set a June deadline as the last chance for Total and Royal Dutch Shell to arrive at a decision to finalize deals to develop two major oil and gas assets in the Persian Gulf after the two oil firms have been delaying investments in the region due to rising costs. Iran ...
Qatar-based Gulf Petroleum Ltd. awaits approvals from Malaysian authorities, subject to which, it will begin construction of a US$5 billion oil and gas complex. The complex is being planned to cater to the demand from Asia-Pacific region, and also serving as a regional hub. The ...
In view of transmission networks and petrochemicals, the European Commission plans to open an in-depth competition investigation of Austrian oil and gas group OMV's bid to take over Hungarian peer MOL. MOL BU has resisted the takeover since the summer of 2007, when OMV first ...
Mumbai/M nster. BASF Coatings (India) Pvt Ltd, the leading supplier of automotive and industrial coatings solutions, received Ford Motor Company s highest recognition for supplier quality the prestigious Ford Q 1 award at a recent vendor meeting held in Chennai, India. The Award ...
ALGIERS (Reuters) - Oil prices won't fall below $60 to $70 a barrel as this is the minimum level at which alternative fuels are economically viable, Saudi Oil Minister Ali al-Naimi said in remarks published on Sunday by Algeria's APS news agency. "From now there's a line below ...
Algerian state-owned oil and gas company Sonatrach and Norway's StatoilHydro Saturday signed an agreement sealing a long-term partnership at the Cove Point receiving terminal in the US covering the marketing of a total 3 billion cubic metres of LNG, the companies said Saturday. ...
NEW YORK, March 3 (Xinhua) -- Crude-oil futures rallied to a record high near 104 dollars a barrel on Monday, boosted by weak U.S. dollar and continuing investment flows into commodities. Crude for April delivery surged 2.11 dollars to a new all-time high of 103.95 dollars a ...
Indian oil company, the Essar, will start drilling test well to explore natural gas at an inland block in Myanmar's western coastal Rakhine state during this year under a production sharing contract with Myanmar initiated more than two years ago, the leading local weekly Yangon ...
Indonesia's state owned oil and gas company PT Pertamina has nominated a consortium to build a 179,000 ton propylene unit. The consortium of PT Rekayasa Industri (Rekin) and Toyo Engineering Corp is the chosen one to build the propylene processing unit worth US$283 mln. The ...
The Viet Nam Institute of Industrial Chemistry (VIIC), under the Ministry of Industry and Trade, has inaugurated a national laboratory of the petrochemical refining technology in Hanoi on January 22. The lab is one of 19 major labs over the country, which will be equipped with ...
BEIJING, Feb. 2 (Xinhua) -- China National Offshore Oil Corp. (CNOOC), the country's No. 3 oil producer, said on Saturday that pretax profit jumped 17.5 percent year-on-year to 56.5 billion yuan (7.9 billion U.S. dollars) in 2007. Revenue rose 32.5 percent to 160 billion yuan, ...
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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 ...