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CNOOC Huizhou gas field resumes after typhoon, oil remains shut

BEIJING, Oct 9 - China CNOOC Ltd's (0883.HK) said its offshore gas field Huizhou 21-1 has resumed normal productions after being forced to shut down for three weeks by a typhoon. However, adjacent oilfields remained closed because of storm damage. The Huizhou oilfields were shut ...

10 oil firms for possible acquisition

SEOUL, Oct 9 - State-run Korea National Oil Corp (KNOC) said on Friday it was eyeing five to ten oil companies overseas, each producing 50,000-100,000 barrels per day, for a possible acquisition "soon". "We will make an acquisition soon," KNOC CEO Kang Young-won said in a ...

Mexican watchdog wants to halt key oil project

LEON, Mexico, Oct 8 - Mexico's new oil watchdog wants energy monopoly Pemex to ditch new contracts at its key Chicontepec oil field but the state-owned company said it could not abandon the project. Juan Carlos Zepeda, head of the recently formed National Hydrocarbons Commission, ...

Siamgas unit to acquire Chevron Ocean Gas for $51 mln

BANGKOK, Sept 30 - Thailand's Siamgas and Petrochemicals PCL SGP.BK said on Wednesday its subsidiary would buy a 99 percent stake in Chevron Ocean Gas & Energy Ltd from Chevron China Ltd for $51 million. The acquisition of Chevron Ocean Gas, which operates liquefied petroleum gas ...

Petrobras plans CO2 injection in offshore fields

RIO DE JANEIRO, Sept 29 - Brazilian state oil company Petrobras plans to re-inject carbon dioxide in massive offshore oil fields to boost recovery and reduce emissions, a company official said on Tuesday. Brazil plans to boost oil output by nearly 50 percent in 10 years by ...

African oil producers meet in Brazzaville on sustainable development

BRAZZAVILLE, Sept. 29 - The 16-member Association of Petroleum Producers in Africa (APPA) is holding an expert meeting in Brazzaville, the capital of the Republic of Congo, to discuss a common strategy for sustainable development. The meeting, which runs from Monday to Wednesday, ...

Total to restart Unit 822 at Port Arthur refinery

NEW YORK, Sept 29 - Total SA (TOTF.PA) is planning to restart Unit 822 at its 174,000-barrel-per-day Port Arthur, Texas, refinery, the company said in a filing with state regulators Tuesday. The unit restart will begin at 12:00 p.m. local time and take 24 hours, according to the ...

JP Morgan raises oil forecast $1/bbl for 2010

NEW YORK, Sept 28 - J.P. Morgan (JPM.N) raised its forecast for 2010 oil prices by $1 a barrel to $68.75 and by $5 a barrel to $70 for the fourth quarter of 2009, according a monthly report released last week. "We continue to expect prices to remain range bound...we think OPEC ...

Nominations called for offshore Canada oil blocks

CALGARY, Alberta, Sept 28 - Regulators invited oil companies on Monday to submit nominations for offshore acreage off Newfoundland, where three projects including Hibernia produce crude and a fourth is under development. The Canada-Newfoundland and Labrador Offshore Petroleum ...

Forest Oil says lenders reaffirm borrowing base

Sept 12 - Independent oil and natural gas company Forest Oil Corp (FST.N) said lenders reaffirmed the $1.62 billion borrowing base related to credit facilities maturing in June 2012. The Denver, Colorado-based company said its bank group still had $1.8 billion of commitments, ...

California heats up incentives for solar power

LOS ANGELES, Oct 12 - California is heating up its push for clean energy, as Governor Arnold Schwarzenegger approved a new subsidy for solar power on Monday and joined forces with the federal government to fast-track renewable energy projects. California has the most aggressive ...

U.S. Crude Outlook - Gains on economy likely limited

HOUSTON, Oct 12 - Gains in cash crudes due to economic factors early in the week are expected to be limited by continuing lower demand from refiners, who are still contending with reduced demand and seeing a weak outlook for the coming year. The discount for Mars sour MRS- ...

Kosmos's Ghana sale bid "illegal" -GNPC source

ACCRA, Oct 12 - State-run Ghana National Petroleum Corp (GNPC) has told Kosmos Energy that it does not recognise a deal to sell its stake in the Jubilee oil field to Exxon Mobil (XOM.N) as it was illegal, a NGPC source said. The source, who declined to be named, also said that ...

Indian shares rise 0.5 pct; Reliance gains

MUMBAI, Oct 12 - Indian shares rose half a percent early on Monday, with energy giant Reliance industries (RELI.BO) climbing more than 1 percent on patch-up hopes between the warring Ambani brothers. At 9:57 a.m. (0427 GMT), the 30-share BSE index .BSESN was up 0.5 percent at 16...

US gasoline prices slip 4 cents to $2.48/gln-survey

NEW YORK, Oct 11 - The average price of a gallon of gasoline in the United States slipped 4 cents over the past two weeks as lower demand due to high unemployment offset a rise in crude prices, according to the nationwide Lundberg survey, released on Sunday. The average price for ...

Iraq studying new offers for West Qurna oil field

BAGHDAD, Oct 11 - Iraq's Oil Ministry is considering revised offers from Exxon Mobil (XOM.N) and Lukoil (LKOH.MM) for its West Qurna oilfield, and Total (TOTF.PA) is expected to make a new bid, an oil official said on Sunday. Abdul-Mahdy al-Ameedi, deputy director of the Oil ...

Iran, Total resume talks on gas project

TEHRAN, Oct 11 - Iran's state oil firm and Total (TOTF.PA) have resumed talks about the French energy company's participation in a major liquefied natural gas (LNG) project after a gap of several months, a news agency said on Saturday. The semi-official Mehr News Agency said a ...

China cuts aviation fuel prices

BEIJING, Oct 11 - China will cut the price of aviation fuels by about 4 percent from Sunday, reflecting recent falls in international crude oil prices, according to an announcement from the National Development and Reform Commission. The Commission announced the reductions on its ...

S.Korea's KNOC eyes 5-10 offshore oil co purchases

SEOUL, Oct 9 - State-run Korea National Oil Corp (KNOC) said on Friday it was eyeing five to ten oil companies overseas, each producing 50,000-100,000 barrels per day, for a possible acquisition "soon". "We will make an acquisition soon," KNOC CEO Kang Young-won said in a ...

ProspEx shares soar on drilling update

Sept 28 - ProspEx Resources Ltd (PSX.TO) said flow test results from one of its wells at East Kakwa exceeded expectations and said a new project in West Central Alberta offered similar potential. Shares of ProspEx, a Calgary-based oil and gas company, were up 62 percent at C$1.20 ...

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china

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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
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 ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

trade

sports

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 ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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