petroleum industry news
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MK rebuffs motion to purge BPH Migas
Jakarta :: Indonesia | 1 month ago
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Chief justice Mahfud MD said the ruling followed a request by labor unions to review the 2001 Oil and Gas Law. The petitioners argued that BPH Migas and the partition of the upstream and downstream business overall weakened Pertamina and
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Oil Companies Hope for New Opportunity in Energy-Rich Venezuela
Maracaibo :: Venezuela | 2 months ago
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Energy Investing Text size One of the biggest headlines recently related to oil companies was news of the passing of Venezuelan President Hugo Chavez. "El Commandante" as he was affectionately referred to by his countrymen, at least by those who
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The Dow's Big Shift and the Next Generation of Big Oil
New York City :: NY :: USA | 2 months ago
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Four companies exited that no longer exist in the same form today -- Texaco (absorbed), Woolworth (changed name and business model), Westinghouse (also changed name and business model), and Bethlehem Steel (went bankrupt) -- were removed...Bethlehem
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Adma-Opco set to award EPC contracts worth up to USD2bn in 2013
Dubai :: United Arab Emirates | 2 months ago
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Abu Dhabi Marine Operating Company ( Adma-Opco ) is expected to award up to $2 billion (Dh7.3 billion) worth of engineering, procurement and construction offshore contracts (EPC) in 2013, a person familiar with the developments at the company told
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Keystone XL: The benefits and costs of a controversial pipeline
Calgary :: Canada | 2 months ago
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In subsequent years, they have grown less clear, and smaller. Virtually every aspect of KXL's purported benefits has been carefully dissected, in particular in the United States, where the project has stoked a fierce debate that was revived again
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Syria-bound fuel tanker explodes, 4 wounded
Tripoli :: Libya | 2 months ago
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Four people were wounded Friday after a Syria-bound fuel tanker, torched by gunmen overnight, exploded in Tripoli, north Lebanon. Security sources told The Daily Star the wounded were all Lebanese nationals...The sources said the tanker was one of
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Senate panel releases new oil tax plan
Juneau :: AK :: USA | 2 months ago
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Alaska (AP) The Senate Finance Committee released a new oil tax plan Thursday, one day after members expressed shock at how much the prior bill would cost the state. The latest version of SB21 indicates the state would lose $775 million to $875
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China Buys Stake in African Gas Field From Eni
Milan :: Italy | 2 months ago
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Eni, the Italian energy giant, on Thursday sold China National Petroleum Corp. a 20 percent stake in its natural gas project off the coast of Mozambique, its largest gas discovery to date. The $4.2 billion deal, still subject to approval by the
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Nigeria: Real Ownership of Indigenous Oil Blocks Revealed
Lagos :: Nigeria | 2 months ago
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On the other hand, indigenous oil operators or Nigerian companies control only about 11 per cent, confirming the assertion by human rights lawyer, Femi Falana, last week that oil majors control and manage the lion's share of the Nigerian oil and gas
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Oil Drillers Boost Efforts To Coax More From Shale
Singapore :: Singapore | 2 months ago
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The oil industry is increasing spending on research that it hopes will make it cheaper and easier to coax more crude and natural gas from shale formations and deep-sea oil fields, extending and accelerating the U.S. energy boom. The largest oil-field-
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