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The Ministry of Oil and Petroleum has scrapped the ambitious Direct Benefit Transfer system for LPG subsidy with effect from March 10. A communique regarding this has been sent by the ministry to oil companies and gas agencies a few days ago.
Saudi Aramco won three environmental excellence awards during the Offshore Arabia Conference & Exhibition, which ended on Wednesday. The award for excellence in environmental technology went for Saudi Aramco's Manifa project and the award for
Since then things have changed drastically. In the past two weeks Seadrill has come out and ripped up its own forecasts for the industry over the next few years...But first, a quick look back When I originally covered the offshore drilling industry,
Legal metrology authorities give them time to replace the unapproved dispensing pumps The flash strike launched by fuel stations in the State capital on Sunday was called off on Monday afternoon following successful talks between the Legal Metrology
Thirty-one current and former female students have filed federal complaints against UC Berkeley, alleging that the campus routinely mishandled sexual assault investigations , the LA Times $ reports. The women contend that Cal officials encouraged
The Iraqi Ministry of Oil reassured on Wednesday foreign oil companies operating in the country that they will have all kinds of support and cooperation to carry out their work in the development of oil fields . These assurances comes after that two
The rising manpower in the oil sector, coupled with expenditure incurred on the removal of impurities from oil, are increasing the production cost of black gold'. With the advancement of techniques, incorporation of modern devices has also added to
According to a report on GMA 7's Saksi, PTT Philippines, Shell and Petron raised diesel prices by P0.25 per liter, effective 6 a.m...Shell and Petron also announced a P0.15-per-liter hike in kerosene prices. Other oil companies have yet to make a
Marathon Oil Corporation North Dakota and Texas hold two of America's hottest oil resources plays. That's why oil companies and investors are flocking to profit from the oil-fueled growth these two states provide. However, those aren't the only two
Nigeria is to carry out a forensic audit of the state oil company over an alleged $20 billion subsidy racket that officials say may help explain what happened to $50 billion in oil revenues that the governor of the central bank says is missing.