November 19, 2011
November 18 picture released by Brazilian government run National Petroleum Agency shows the oil spill at Chevron’s oil field off Rio de Janeiro state. US energy giant Chevron drew fire from Brazilian officials amid conflicting accounts of the size of an oil spill at an offshore well it operated off Rio de Janeiro state. Rio [...]
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October 27, 2011
A worker checks pipes and valves at Amaal oil field in eastern Libya October 7, 2011. Abdula Altako was killed in March guarding the oil field he worked for, one of the first but by no means the last of Libya’s oil workers to die defending the country’s lifeblood. Abandoned by their foreign owners during [...]
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April 11, 2011
Britain’s Premier Oil expects first gas production at its Gajah Baru field in Indonesia in six months after a brief delay, while oil output at Vietnam’s Chim Sao field remains on track for July, a senior executive said on Monday. Asian gas and oil markets represent a major portion of Premier’s future growth potential [...]
Tags: 000 Barrels, Barrels, Chim Sao, Chim Sao Field, field, First Gas, Gajah, Gajah Baru, Indonesia, Per Day, Premier Oil, Premier:, Sao Field, Vietnam
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December 31, 2009
Oil prices settled above 79 U.S. dollars a barrel on Wednesday as another weekly decline in crude and distillate supplies offset a strengthening dollar. U.S. Energy Department Energy Information Administration reported on Wednesday that during the week ended on December 25, crude inventories dropped 1.54 million barrels to 326 million barrels, slightly less than analysts [...]
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December 25, 2009
Oil prices jumped more than 3 percent to above 76 U.S. dollars a barrel on Wednesday as a larger-than-expected slide in fuel stockpiles and a weakening dollar boosted energy market. Crude futures in New York opened above 74 dollars on Wednesday boiled by a report from American Petroleum Institute (API). Late Tuesday, the industry group [...]
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December 12, 2009
The world’s leading energy companies won rights to develop two major oil fields in Iraq at an auction on Friday. Delegates are seen at the second bidding round for Iraqi oil fields in Baghdad, capital of Iraq, Dec. 11, 2009. More than 40 campanies attended the bidding on Friday.Royal Dutch Shell and Malaysia’s Petronas were [...]
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November 22, 2009
Malaysian firm Bumi Armada snd Vietnamese-Russian joint venture Vietsovpetro have been awarded contracts to operate a new oil field called White Rhinoceros in the Cuu Long Basin of coastal Vung Tau City. The Hoang Long Joint Operating Company signed three deals with the Malaysian firm and the joint venture Friday (Nov 20), which established an [...]
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September 10, 2009
The Organization of Petroleum Exporting Countries (OPEC) agreed here on Thursday to maintain its production quota for the time being. OPEC Secretary General Abdullah al-Badri smiles during a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009. OPEC agreed to [...]
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August 27, 2009
Premier Oil Plc, the UK explorer operating in Europe, Asia and Africa, plans a drilling program in Vietnam and Norway in the second half of this year and is also considering possible acquisitions. The London-based company posted a 62 percent decline in first-half profit on lower crude prices. Net income dropped to US$26.9 million, or [...]
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August 15, 2009
An undated company photograph shows coal stockpiling at Felix Resources Ltd. facilities in Ashton, Australia. China will boost spending on oil and mining acquisitions by at least half this year to take advantage of lower valuations after commodity prices slumped. State-owned Yanzhou Coal Mining Co. on Thursday agreed to buy Australiaâs Felix Resources Ltd. for [...]
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