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| Total Visitors Out: 1231 |
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| [INDIA] Nuclear power ventures may get overseas funding |
| 2008-06-18 02:05:52 |
Indian companies planning to set up nuclear power or renewable energy ventures can now look forward to offshore financing. The US, along with other G8 countries, is poised to create a $10-billion corpus for promoting clean energy in developing countries like India and China. The US, UK and Japan...
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| [ENERGY STOCKS] The stocks rise with broad market |
| 2008-05-22 09:51:36 |
Shares of natural gas, oil producers and oil services companies rose Thursday, with oil prices falling back from a fresh record above $135 a barrel and the broad market advancing.
The Amex Oil Index (XOI: 1,626.49, +1.20, +0.1%) rose 0.4% to 1,632. The Amex Natural Gas Index (XNG: 729.15, -2.73,...
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| [EUROPE] Xcite Energy reports StatoilHydro well data trade |
| 2008-05-22 05:00:30 |
Xcite Energy Limited has concluded an agreement to trade key well data with Statoil (U.K.) Limited, the UK arm of StatoilHydro, the Norwegian oil major with a significant international position in heavy oil and responsible for around half of the proven, but not yet developed, heavy oil deposits on...
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| BLOGGERS: Rags to riches, stories .. maybe you need an Nouveau Riche University |
| 2008-05-18 00:16:27 |
You could be the next new rich or nouveau riche. Some times we found excellent adventures in business in the internet, for example yahoo, Microsoft, apple in the last century and another like youtube, orkut, flirck, mybloglog, etc … in this century. We need something like an Nouveau Riche...
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| SOUTH AMERICA: Bolivia to nationalize three oil companies |
| 2008-05-04 18:55:22 |
Bolivia will take control of three foreign energy companies, the country’s socially minded president, Evo Morales, said on May 1st, the international workers holiday.
BP-owned Chaco, Ashmore Energy’s Transredes and CLHB company are to be nationalized in the wake of the nationalization on May Day...
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| UNITED STATES: New discovery leads to riches and concerns. Gas boom or bust? |
| 2008-05-04 08:12:32 |
The recent announcement of a large natural gas deposit in northwest Louisiana, called the Haynesville Shale, could be this century's gold rush - or a fool's gold of hype. The only certainty at this point is that some fortunate landowners already are grinning all the way to the bank.
The...
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| NORTH AMERICA: Mexican oil production is a concern for United States of America |
| 2008-05-04 07:55:57 |
Mexico's oil production is in a dangerously steep decline. Why should that matter to the States">United States? Because Mexico exports 1.2 million barrels of oil per day to the United States, which is 8 percent of the U.S. supplies. Mexico ranks third behind Canada and Saudi Arabia in exports to the United...
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| SCOTLAND: Grangemouth's oil workers show how it can be done |
| 2008-05-04 02:24:31 |
All the signs are that the Grangemouth oil refinery workers, whose two-day pensions strike closed the Forties North Sea oil and gas pipeline earlier this week, have scored a significant victory. A joint statement issued by Ineos, the refinery's owner, and the oil workers' union, Unite, was...
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| Dmitry Medvedev and Kostas Karamanlis [Flickr] |
| 2008-04-30 16:50:19 |
energyPICS posted a photo:
Greek Prime Minister Kostas Karamanlis (right) with Russian First Deputy Prime Minister and President Elect Dmitry Medvedev at the Kremlin, April 29, 2008....
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| WESTERN HEMISPHERE: North American leaders for summit of under-fire NAFTA |
| 2008-04-21 02:01:23 |
The leaders of Canada, Mexico and the United States of America meet in New Orleans (U.S.A.) this monday for the annual summit of the North American Free Trade Agreement, amid sharp criticism of the pact in the US presidential race.
As US President George W. Bush meets with his Mexican counterpart,...
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| INDIA: Jamnagar refinery ahead of schedule |
| 2008-04-17 01:44:24 |
Reliance Petroleum (RPL) has announced that it has achieved 90% overall progress in the implementation of its 5,80,000 barrel per day export-oriented refinery coming up in a special economic zone at Jamnagar in the last quarter of 2008.
In a release, the company claims that it will be in a...
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| INDIA: ONGC offers 35,000 T for May |
| 2008-04-17 01:41:02 |
India's Oil and Natural Gas Corp (ONGC) is looking to sell 35,000 tonnes of naphtha for May 20-21 loading from Hazira, a tender document showed on Thursday.
The tender will close on April 22 and remain valid until the next day. ONGC has another outstanding export tender for a similar-volume cargo...
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| BLOGGERS: Destinia y su parrilla de ofertas de alojamiento |
| 2008-04-17 01:38:00 |
En la actualidad todos estamos muy familiarizados en la compra de billetes de avión, hay muy buenas ofertas continuamente y además la competencia en el mercado de agencias ha beneficiado a los usuarios en facilitarles la vida a la hora de escoger destinos rutas y opciones para esos viajes.
This...
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| UNITED STATES: Refiners cutting production to boost profit margins |
| 2008-04-04 17:20:52 |
Retail gas prices surged to a new record above $3.30 a gallon today and appear poised to rise further in coming weeks as gasoline supplies tighten.
Oil prices, meanwhile, supported the gas price rally by jumping more than $2 a barrel after a dismal employment report sent the dollar lower. At the...
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| AUSTRALIA: Roc reels in cores, points to Cliff Head |
| 2008-03-28 14:07:36 |
Aussie outfit Roc Oil has said “encouraging” and “potentially significant” about the finds of an appraisal well just metres from the Dunsborough find in the offshore Perth Basin, Western Australia.
A No. 2 core was brought to the surface showing oil, as the company looks for contact with water....
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| NORTH AMERICA: Mexico energy bill close, but no risk contracts |
| 2008-03-28 14:01:51 |
Mexico's ruling conservatives are fine-tuning an energy bill with opposition parties but the reform could disappoint investors by keeping profit-sharing contracts illegal, lawmakers said on Wednesday.
President Felipe Calderon's National Action Party, or PAN, which lacks a majority in Congress,...
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| NORTH AMERICA: Mexican Party Says Time Running Out for Energy Bill |
| 2008-03-28 13:58:32 |
Mexican lawmakers from the opposition Institutional Revolutionary Party said time is running out to debate and approve an energy bill before Congress recesses April 30.
Senator Manlio Fabio Beltrones, the party leader in the Senate, urged President Felipe Calderon to present as quickly as possible...
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| INDIA: Murli Deora, India hopes to resume talks on IPI pipeline soon |
| 2008-03-25 15:02:24 |
In a major development that could result in a breakthrough, Pakistan has invited India for talks on finalising the $ 7.4 billion Iran-Pakistan-India (IPI) gas pipeline deal.
"I received an invitation from Pakistan's Energy Minister to visit Islamabad to finalise the transit fee issue so that the...
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| NORTH AMERICA: Petro-Canada to weather “volatile” 2008 |
| 2008-03-25 02:14:12 |
Petro-Canada managers expect “a challenging year for the petroleum industry worldwide” in 2008, with volatile energy prices, unpredictable industry inventories, wild weather and unusual political developments.
Company leadership made its predictions in their annual report, in which leadership...
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| OiL FUTURES: You may feel heat of oil flares soon |
| 2008-03-19 17:28:32 |
Though crude oil has begun to hit new highs with unfailing regularity over the past two months, the rise has not begun to upset our monthly budget thanks largely to government subsidies. This state of bliss may not last for too long.
Considering the pace of price rise in crude oil, its impact is...
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| ASIA: Roc reins in China drilling |
| 2008-03-19 11:19:56 |
Aussie outfit Roc Oil has decided not to drill a planned well offshore China after a neighbouring well appeared to disappoint company geologists earlier in March.
The Wei 6-12E-1A exploration well was plugged and abandoned as Roc “foreshadowed” in an earlier March annoucement. After a review,...
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| MIDDLE EAST: Iran, Qatar observe mutual interests in gas field |
| 2008-02-28 15:14:39 |
First Vice President Parviz Davoudi said on Thursday that Iran and Qatar will observe bilateral interests in extracting of the joint gas field.
Davoudi made the remark after seeing off Qatari Prime Minister Sheikh Hamad bin Jassem al-Thani, adding that the two countries have reached consensus to...
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| UNITED KINGDOM: British Petroleum hints at $7bn sale of alternative energy arm |
| 2008-02-28 00:58:27 |
BP is considering floating or selling all or part of its renewable power operations, which it believes are worth up to $7bn (£3.5bn) - a value not reflected in the oil group's share price.
In a strategy update to the City that will be seen by green critics as a further move back to petroleum, Tony...
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| WESTERN HEMISPHERE: ExxonMobil should settle Venezuela dispute |
| 2008-02-28 00:44:53 |
On February 7 an English court granted an injunction to US multinational oil company ExxonMobil freezing the assets of the Venezuelan oil firm PDVSA in England and Wales. The order covered assets to the value of $12bn. The Venezuelan government was given no notice of the case nor any opportunity to...
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| EUROASIA: Ukraine Presses for 25-Yr Contract with Gazprom |
| 2008-02-25 12:03:40 |
Ukraine and Russia are negotiating the contract for 25 years to 30 years, Ukrainian Prime Minister Yulia Tymoshenko said, when commenting on Moscow gas talks of February 20 to 21.
We have talked over strategic agreements that should emerge between NAK Neftegaz and Gazprom or Gazprom subsidiaries...
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| MEXICO: Una transformación inteligente de PEMEX |
| 2008-02-25 11:35:55 |
Fortalecer a PEMEX dándole autonomÃa financiera y haciéndolo más competitiva, son los ejes de la propuesta que el Ing. Cuauhtémoc Cárdenas Solórzano presentó en la Cámara de Diputados el jueves 21 de febrero, ante un auditorio repleto, con la presencia de los coordinadores de todos los grupos...
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| NORWAY: Interoil Exploration & Production, posts $35M loss |
| 2008-02-25 00:39:27 |
Oslo-based Interoil Exploration & Production has posted a net loss before tax for 2007 of $35.2 million despite rising production and revenues that rose 68 percent to $69.4 million.
A small loss was registered for the final three months of the year, a quarter in which eight of nine wells...
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| UNITED STATES: Prices take a break from record-setting as inventories gain |
| 2008-02-22 10:08:26 |
Oil prices fell Thursday from record levels after a government report showed that the nation's crude oil supplies rose more than expected last week.
At the pump, meanwhile, nationwide gas prices rose more than 3 cents overnight, a jump that could be a prelude to a much bigger price spike this...
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