|
|
|
|||||
Archive:
| |||||
Essar Energy had recently announced the completion of the acquisition of a 50% stake in Kenya Petroleum Refineries (KPRL), with the Government of Kenya holding the remaining stake. Essars interests in telecom, include its 33% stake in Vodafone Essar, the countrys second-largest GSM operator with about 86 million users. (India Times)
Condoms and what women like about them Nov 16, 2009
Petroleum, baby oil or cream used as lubricant is risky. These types have the tendency to weaken condoms, even latex. (India Times, India)
'Green' jobs in Mis. not easy to quantify Nov 16, 2009
"A reliable estimate of the potential dollar impact of green employment is also elusive, Hill said, but there are some stabs at it.A "bioeconomy" could create an $8 billion industry embracing a five-state region that includes 28 Mississippi Delta counties, says a report from the nonprofit Memphis Bioworks Foundation.That industry could support more than 25,000 green jobs over the next 10 years and more than 50,000 by 2030, reported the foundation. Bioeconomies use renewable crop-, forestry- and... (The Clarion-Ledger)
Biofuels research: How green is green? Nov 16, 2009
Some scientists say the most widely used alternative fuel - ethanol - could cause more global warming than petroleum does, said Thomas Hertel, director of Purdue University's Center for Global Trade Analysis. Scientists question the environmental benefits of ethanol partly because it takes a lot of electricity to make - power that comes mainly from coal-burning generating plants. (Athens Banner-Herald)
North Carolina Nov 16, 2009
Petroleum and coal products manufacturing: 283. Chemical manufacturing: 99. (CBS News -- US)
Algae Turned Into High-Temp Hydrogen Source Nov 16, 2009
16, 2009) In the quest to make hydrogen as a clean alternative fuel source, researchers have been stymied about how to create usable hydrogen that is clean and sustainable without relying on an intensive, high-energy process that outweighs the benefits of not using petroleum to power vehicles ... "Hydrogen has the potential to be the cleanest fuel alternative to petroleum, with no greenhouse gas production, and we need new innovations that allow for hydrogen to be readily produced from... (Science Daily)
Lawmakers will look at gas tax, other hikes Nov 16, 2009
Wyomings current tax rates of 14 cents per gallon for both gasoline and diesel fuel were the second-lowest in the nation as of last month, according to the American Petroleum Institute. However, a 10-cent tax increase wouldnt all be passed on to consumers, as fuel companies would absorb some of the cost, said Rep. (Casper Star-Tribune, WY)
Oil Rises From One-Month Low on Speculation Demand to Increase on Recovery Nov 16, 2009
The Organization of Petroleum Exporting Countries wont increase its output quotas when it meets in December, Qatars Energy Minister told Bloomberg News in Tokyo today. I dont think that we will take any decision to increase production, he said. (Bloomberg -- Australia & New Zealand)
Revival to help tyre cos Nov 16, 2009
As bulk of the industry raw materials are derived from petroleum, including carbon black, tyre cord, rubber chemicals and synthetic rubber (a substitute for natural rubber), low petro prices led to a 25% fall in the industry raw material cost (on average) in the past quarter compared with the same period, year ago. In September 2008 at the height of the commodity boom raw material accounted for 75-80% of net sales; the ratio now ranges from 55% to 60% for most tyremakers. (India Times)
Nigeria: Deregulation - Price of Industrial Gas Soars By 150 Percent Nov 16, 2009
This is owing to about 200% price hike in gas as government stepped up implementation of its much-touted deregulation of the downstream sector of petroleum products. At least 150 manufacturing plants that are gas-complaint in Lagos stand the risk of being shut down if the disputed requirement is maintained. (allAfrica.com)
Green your car from top to tires Nov 15, 2009
The dB Super E-spec from Yokohama Tire Corporation are made with orange oil, which replaces much of the normally-used petroleum ... "Essentially, the Super E-spec blends renewable natural rubber with the orange oil extracted from peels at juicing plants. This combo makes the tire 80 percent petroleum free, which is great for the environment. "Folks can also save cash at the gas pump because the orange oil tires are lighter and more fuel efficient. (South County Chronicle, VA)
US to lease offshore for oil drilling Nov 15, 2009
However, the American Petroleum Institute slammed the policy change, calling it another roadblock from the Obama administration that discourages the development of domestic oil and gas supplies. The shortening of lease terms does nothing to guarantee more discoveries but rather takes away from companies the flexibility necessary to operate in an extremely challenging and risky environment, said API President Jack Gerard. (India Times)
NDC will fulfil campaign promises -Mills Nov 15, 2009
President Mills made this known in an address read on his behalf at a durbar to round off this year's celebration of the "Nye-Eye/Pra Afahye (Festival) of the chiefs and people of the Shama Traditional Area at Shama, in the Western Region. The theme for the celebration was "Dialogue, An Effective Tool for Unity, Peace, Stability and Development". President Mills said one of the policy goals of the NDC was to devise and implement a dynamic cultural development programme that recognize social and... (Ghana Web, Ghana)
Lawmakers re-examine workplace liability Nov 15, 2009
As for any lopsided political influence on this bill, or others, Bruce Hinchey of the Petroleum Association of Wyoming denies the industry has any advantage. If we had enough political influence, then our taxes would be zero, he said. (Casper Star-Tribune, WY)
Higher OSHA penalties gain support in Wyoming Nov 15, 2009
Bruce Hinchey of the Petroleum Association of Wyoming said his organization would likely support higher penalties if it effectively helps improve workplace safety. Its something to look at. (Casper Star-Tribune, WY)
Kenya: New Policy to Boost Kenya's Bid to Go Green Nov 15, 2009
"It is my hope that the strategy leads to transformation of the country from an importer of liquid petroleum fuels to local self sufficiency and exporter," said Energy permanent secretary Patrick Nyoike ... The document crafted with stakeholders' input, aims to address global warming through substitution of petroleum fuels and diversification of income sources with farmers growing jatropha for biodiesel production ... Kenya is a net petroleum importer. (allAfrica.com)
Alyeska saves millions with revisions Nov 15, 2009
By ALAN BAILEY Petroleum News. Published: November 14th, 2009 09:24 PMLast Modified: November 14th, 2009 09:25 PM. (Anchorage Daily News)
Multinational Corporations And The Developing World Nov 15, 2009
The Ghanaian economy for example has benefited immensely with the influx of many mining, petroleum, banking and telecommunication companies like MTN, Vodafone, and Zain to mention but a few. This has accounted for an increase in the domestic incomes and expenditure and hence the stimulus in domestic business as lots of jobs had been created. (Ghana Web, Ghana)
By April, Delhi vehicles to run on green diesel Nov 14, 2009
Environment secretary Dharmendra said: "We have been pursuing it with the petroleum ministry because we are concerned about the rise in the number of vehicles. Only recently, the petroleum ministry assured us that the supply will start from April next year and from the same date we are enforcing Euro IV standards in the city.". Topics. (India Times, India)
Government denies minority oil deal allegations Nov 14, 2009 US trade gap yawns Nov 14, 2009 Chinese Compnay Not Allowed by Ghana to Bid for Jubilee Stake Nov 14, 2009 NDC Gurus In Oil deals Nov 14, 2009 US trade deficit widens 18.2% Nov 14, 2009 Malaysia's Lotus F1 team pass internal crash tests Nov 14, 2009 Wall Street falls on strong dollar Nov 14, 2009 Petro min seeks 33% hike in OIL, ONGC gas price Nov 14, 2009 Stocks Gain on Earnings, Weaker Dollar Nov 14, 2009 50 firms interested in Jubilee Nov 14, 2009 Ghanas Oil Find What is our Real Stake? Nov 14, 2009 Shoppers' delight -- art, crafts, ski equipment Nov 14, 2009 Tullow builds capacity on offshore disaster preparedness Nov 14, 2009 Petra Perdana rebounds from one-month low Nov 13, 2009 Nigeria: Oil Companies Must Build Refineries, Says Govt Nov 13, 2009 Drop in US energy use drags stock market low... Nov 13, 2009 Oil lingers below US$77 in Asia Friday(update) Nov 13, 2009 DENSO and DuPont Automotive Co-Develop Award Winning Eco Resin Nov 13, 2009 Watch out: Cap-and-trade bill will cost you Nov 13, 2009 Avenir Diversified Income Trust Announces Third Quarter 2009 Results Nov 13, 2009 NuVista Energy Ltd.: Third Quarter Interim Report Nov 13, 2009 Storm Exploration Inc. Is Pleased to Announce Its Financial and Operating Results for the Three and Nine Months Ended September 30, 2009 Nov 13, 2009 Argosy Energy Inc. Announces Third Quarter Results Nov 13, 2009 Living in the "Orwellian" Ghana with the NDC's Double Standards Nov 13, 2009 Growth is intact Nov 13, 2009 Stocks Fall, Dragging Indexes to Third Weekly Decline as Commodities Slump Nov 13, 2009 PTTEP to permanently plug well next week Nov 13, 2009 Chemists Declare War On 'Ice-plugs' In Oil Pipelines Nov 13, 2009 Asian stocks slip on oil, metals prices Nov 13, 2009 Minority calls on Mills to investigate harassment Nov 13, 2009 Profit-taking trims weekly advance Nov 13, 2009 Enerplus reports third quarter results for 2009 Nov 13, 2009 Scientist: CO2 not causing global warming... Nov 13, 2009 Bankers Petroleum announces third quarter financial and operational results Nov 13, 2009 The rise of Rimland? Nov 13, 2009 Stocks Close Down Thursday Nov 13, 2009 US stocks fall on $US, consumer fears Nov 13, 2009 Drop in energy use drags stock market lower Nov 13, 2009 Neighbours' row Nov 12, 2009 Oil Steady Above $79; Eyes on U.S. Data, Dollar Nov 12, 2009 Oil Hovers Above $79 Ahead of US Supply Report Nov 12, 2009 AB InBev makes 3Q profit, but revenue down 10 pct. Nov 12, 2009 CEO out at biodiesel firm Blue Sun Energy Nov 12, 2009 Aegean Marine Petroleum 3Q Profit up 49 Percent Nov 12, 2009 Aegean Marine Petroleum to Pay 1-Cent Dividend Nov 12, 2009 Changes in AP Latin American, Caribbean operations Nov 12, 2009 'God's gift' Nov 12, 2009 Paramount Resources Ltd. Financial and Operating Results For The Three and Nine Months Ended September 30, 2009 Nov 12, 2009 Petrobank Records Third Quarter Net Income of $54.8 Million Nov 12, 2009 TSX Venture Exchange Closing Summary for November 11, 2009 Nov 12, 2009 Reducing Greenhouse Gases May Not Be Enough To Slow Climate Change Nov 12, 2009 Comment: Keep Politics Out Nov 12, 2009 Extraordinary pictures... Nov 12, 2009 OPEC holds forecast for oil demand in 2009, 2010 Nov 12, 2009 World oil demand to fall 1.63% in 2009: OPEC Nov 12, 2009 Labours wants Ghanaians to control oil industry Nov 12, 2009 Nigeria: 'Deregulation May Not Lead to Fuel Prike Hike' Nov 12, 2009 Nigeria: Fuel Price Hike Looms Nov 12, 2009 Kencana proposes rights, bonus issues Nov 12, 2009 Researchers Hunt For New Zeolites Nov 11, 2009 Ghana: Country Counts Down to Oil Production - Could End Up with Only 14% Stake Nov 11, 2009 Nigeria: Meeting Over Deregulation Deadlocked Nov 11, 2009 Brazil Opposition Senators Boycott Petrobras Testimony, Call Probe a `Lie' Nov 11, 2009 Balance Of Payment Deteriorates Into Deficit CEPA Nov 11, 2009 Oil industry employment stays near record levels Nov 11, 2009
" The Minority in Parliament on Thursday held a press conference and alleged, among other things, that the NDC had licensed a number of companies without any experience in the oil industry, and that accounted for the shortages of oil being experienced in the country. Dr. Donkor noted that licences for OMCs (retailers of products) and OTCs (importers of crude) were issued by the National Petroleum Authority (NPA), adding that between January seven and now only two OMCs and one OTC, UBI, had... (Ghana Web, Ghana)
Oil drops on demand doubts Nov 14, 2009
Although the US economy is slowly recovering, demand for petroleum products is still not really recovering rapidly,'' Adam Sieminski, the chief energy economist at Deutsche Bank AG in Washington, said on Bloomberg Television. Inventories are huge, particularly for things like heating oil and diesel. (Sydney Morning Herald -- Business)
9 per cent to $US132 billion, the most this year, propelled by sales of civilian aircraft, industrial machines and petroleum products. The dollar this month was down 12 per cent from a five-year high reached in March against a trade-weighted basket of currencies from it's biggest trading partners. (Sydney Morning Herald -- Business)
Ghana asserted its absolute approval rights over exploration after U.S.-based Kosmos said Oct. 12 it had signed a binding agreement to sell the share to Exxon Mobil Corp. State-owned Ghana National Petroleum Corp. has said it plans to acquire the stake and will consider proposals for partnership from foreign oil companies ... Ghanas nascent petroleum industry, still a year away from production of oil for export, has attracted attention from some of the worlds top energy companies in... (Ghana Web, Ghana)
There is evidence to suggest that some of these entities are companies which have been hurriedly formed by leading members of the NDC in an attempt to cash in on the importation of petroleum products while the good people of Ghana continue to suffer high-priced and little supply of petroleum products, the Minority group indicated at the news conference in Accra yesterday. Addressing the media on behalf the Minority, former Deputy Minister for Energy and Member of Parliament for Nkoranza... (Ghana Web, Ghana)
17 per barrel and imports from the Organisation of Petroleum Export Countries increased to $11. 9 billion in September, both the highest since November 2008. (India Times)
If Petronas can sponsor a foreign F1 team, why should the national petroleum company not sponsor a local team. . (The Star Online, Malaysia -- Sports)
95 and Occidental Petroleum Corp slipped 1. 6 percent to $81. (Business Report, South Africa)
NEW DELHI: The Petroleum Ministry has proposed a 33% hike in the price of natural gas produced by ONGC and Oil India and gradually increase it to $4 ... The Petroleum Ministry has proposed a 33% hike in the price of natural gas produced by ONGC and Oil India and gradually increase it to $4. (India Times)
Excluding petroleum, the deficit widened to $15 ... Excluding petroleum, import prices were up 0. (BusinessWeek)
Ghana's local GNPC petroleum company is also interested in the asset, GNPC sources have said. Source:Reuters. (Ghana Web, Ghana)
Next, Ghana receives $35 as Petroleum tax making Ghanas total $50 for every $100 profit made ... Why has Tsatsu Tsikata refused to accept any official position even though no decision is made regarding petroleum without his say so. (Ghana Web, Ghana)
Hate Crimes will be the topic of a talk by William Missouri Downs, University of Wyoming English and Theatre professor, who will speak at the Democratic Womens Forum luncheon at the Casper Petroleum Club at noon ... The Tamah Egyptians will have the official visit of Queen Kay Mokler of Casper at a luncheon at the Casper Petroleum Club at 11:30 a.m. Those attending will be seated in the upper level and will be able to order from the menu ... Bishops Guild of Casper will hold its... (Casper Star-Tribune, WY)
Piper Alpha was a North Sea oil production platform operated by Occidental Petroleum (Caledonia) Ltd. An explosion and the resulting fire destroyed it on July 6, 1988, killing 167 men with only 59 survivors. To date it is the world's worst offshore oil disaster in terms of lives lost and impact to industry. (Ghana Web, Ghana)
We advise investors to switch to Kencana Petroleum Bhd or SapuraCrest Petroleum Bhd, it said. The anticipated third-quarter 2009 results letdown would make it the sixth consecutive quarter of earnings miss relative to both our expectations and consensus. (The Star Online, Malaysia -- Business)
Director of the Directorate of Petroleum Resources (DPR), Mr. Billy Agha, who disclosed this at a quarterly media briefing in Lagos yesterday, said Federal Government has directed that companies that fail to meet the fresh condition will not be issued with oil licences and will also not have their concession renewed ... 67 million barrels per day imposed by the Organisation of Petroleum Exporting Countries (OPEC) ... The Group Managing Director of the Nigerian Natio-nal Petroleum Corporation,... (allAfrica.com)
Anadarko Petroleum Corp. fell $2. 43, or 3. (San Diego Union-Tribune)
NEW YORK: Oil prices tumbled Thursday, dropping below $77 a barrel after the government reported that petroleum supplies continue to grow as American drivers and businesses cut way back on energy use. Benchmark crude for December delivery gave up $2. (The Star Online, Malaysia -- Business)
The eco-friendly polymer -DuPont Zytel RS nylon -is produced by a chemical reaction between organic compounds derived from the castor plant and petroleum ... Also, because less petroleum is used to produce the end tank, the new product also helps conserve oil. (JCN Network, Japan)
According to a study by the American Petroleum Institute, Virginians would be looking at a 3. 3 percent drop in per capita disposable income, 54,000 jobs lost, and $263 billion in lost state revenue. (Fredericksburg.com, VA)
Total gross revenue from petroleum and natural gas sales in the third quarter was $14 ... Certain statements contained herein including, without limitation, financial and business prospects and financial outlook, the effect of government announcements, proposals and legislation, plans in its Oil and Gas Division regarding hedging, wells to be drilled, expected or anticipated production rates, timing of expected production increases, the weighting of production between different commodities,... (CCNMatthews Press Releases)
Related party activities - NuVista and Bonavista Petroleum Ltd. ("Bonavista") are considered related as two directors of NuVista, one of whom is NuVista's chairman, are also directors and officers of Bonavista and a director and an officer of NuVista are also officers of Bonavista ... The cost recovery ceiling test is based on estimates of proved reserves, production rates, petroleum and natural gas prices, future costs and other relevant assumptions ... Relationship with Bonavista Petroleum... (CCNMatthews Press Releases)
Natural gas liquids production at our Parkland property is expected to increase by 400 to 600 barrels per day and an estimated two to three million barrels of natural gas liquids should be added to our proven plus probable reserves (based on the Discovered Petroleum Initially in Place(1) ("DPIIP") and recoverable raw gas recognized in the 2008 year-end reserve evaluation) ... (1) Discovered Petroleum Initially in Place is defined in the COGEH handbook as the quantity of hydrocarbons that are... (CCNMatthews Press Releases)
Statements relating to "reserves" or "resources' are deemed to be forward looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described can be profitably produced in the future.Investors should not place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. These forward-looking statements are made as of the date... (CCNMatthews Press Releases)
When the world price of crude oil was subjected to constant hike up, here were the NDC, with Former President Rawlings and Atta Mills hitting the streets of Accra agitating for drastic reduction in petroleum products by the government ... The very man, who fronted demonstrations induced by the NDC to oblige Kufuor to reduce petroleum prices at a time that the world price had hit the roof, is now doing worse. (Ghana Web, Ghana)
In June last year, the government cut Customs duty on crude and petroleum products and excise duty on petrol and diesel following the unprecedented surge in global prices. The impact is being felt this fiscal. (India Times)
Japan Petroleum Exploration sank 2. 9 percent to 4,360 yen, its lowest in more than five weeks. (Bloomberg -- Japan)
PTTEP said on Friday it continues to work with the National Offshore Petroleum Safety Authority to gain safety clearance to reboard the well head platform. Resources Minister Martin Ferguson on November 5 announced an inquiry into the incident to be headed by former senior public servant David Borthwick. (Sydney Morning Herald -- Australia)
Senior scientist Sylvi H;iland of SINTEF Petroleum Research is the leader of the hydrate project called "Hyades," which is supported by the Research Council of Norway ... In any case, the international petroleum industry has long been aware of the project. (Science Daily)
Woodside Petroleum, Australia's second-largest oil producer, lost 1 per cent top $48. 59. (Sydney Morning Herald -- Business)
The Minority also accused the government of favouring NDC oil companies hurriedly formed to cash in on the importation of petroleum products at the peril of Ghanaians who are suffering as a result of high prices of petroleum products. They mentioned some of the companies as Manitwoc, Scan Oil, Forrestor, Crest Grade International, Kempac, PetroGhana, Crush Oil Smk Energy, Mafci and Joint Development adding that most of those companies had no track records in the petroleum business ... Mr.... (Ghana Web, Ghana)
Oil and gas producer Woodside Petroleum eased 10 cents to $48. 96 and Santos declined 13 cents to $15. (Sydney Morning Herald -- Business)
Contingencies may include factors such as economic, legal, environmental, political and regulatory matters or a lack of markets. It is also appropriate to classify as contingent resources the estimated discovered recoverable quantities associated with a project in the early evaluation stage. (Canada Newswire)
Al Gore owns stocks in Occidental Petroleum (see Armand Hammer, who loaned money to the Soviet Union when nobody else would) worth millions of dollars. How inconvenient. (The Drudge Report)
CALGARY, November 13, 2009 /CNW/ - Bankers Petroleum Ltd. ('Bankers' or the 'Company') (TSX: BNK, AIM: BNK) is pleased to announce its financial and operating results for the period ended September 30, 2009. " /> | | | | November 13, 2009 Quick Search by Organization HOT TOPICS NEWS & INFORMATION: FREE SUBSCRIPTION SERVICES: TOOLS FOR: RESOURCES: > > > BANKERS PETROLEUM LTD. Bankers Petroleum announces third quarter financial and operational results Horizontal Drilling Update CALGARY, November... (Canada Newswire)
The Turkish Petroleum Company (TPC) was established in 1912 in opposition to US companies' interests. Two years later, the Anglo-Persian Oil Company (APOC) achieved 50% control of TPC. APOC later became the Anglo-Iranian Oil Company, then British Petroleum, then with the purchase of an American company BP-Amoco, today known as BP. The Iraqi government recently agreed with BP and the China National Petroleum Corporation (CNPC) on a deal for the development of the Rumaila oil field in the south of... (Asia Times Online)
Thursday's report of a jump in petroleum supplies stirred worries that falling energy demand was a sign of weakness in the economy. The slide in energy shares upended an early advance led by technology stocks as Intel Corp. said it would pay $1. (KWTX.com, TX)
95 and Occidental Petroleum Corp slipped 1. 6 per cent to $US81. (Sydney Morning Herald -- Business)
A jump in petroleum supplies last week stirred worries that the falling demand for energy was a sign of more weakness in the economy. The report pushed crude oil down 3%, below $77 a barrel. (USA Today -- Money)
Thailand issued petroleum concessions in the area in the 1970s, although no work was carried out because of the disputed claims. Cambodia in turn awarded exploration deals in 1997 subject to the settling of the dispute. (BBC News -- Asia-Pacific)
Data from industry group the American Petroleum Institute released late on Tuesday showed a bigger-than-expected increase in U.S. crude oil stockpiles, up by 1. 2 million barrels in the week to November 6. (ABC News -- Business)
A motorist pumps gas at the Super Petroleum gas station in Lawrence, Mass ... A motorist pumps gas at the Super Petroleum gas station in Lawrence, Mass ... The American Petroleum Institute said Tuesday that crude supplies rose last week, and traders will be closely watching to the Energy Information Administration's inventory report later Thursday. (ABC News -- Business)
Aegean Marine Petroleum 3Q profit up 49 percent. Aegean Marine Petroleum Network Inc., which sells boat fuel and lubricants to ships in port and at sea, said Wednesday its third-quarter profit rose 49 percent as profit margins from selling marine petroleum products improved. (Fresno Bee -- Business)
Bond said Blue Sun plans to focus on selling its biodiesel blended with regular petroleum diesel, a product called Blue Sun Fusion, in regulated markets such as California, which in April adopted a new low-carbon fuel standard for car and truck fuels sold in the state with the aim of cutting carbon dioxide emissions. The new rules are phased in starting in 2011 with the goal of cutting CO2 from transportation fuels by 10 percent by 2020. (Denver Business Journal, CO)
Aegean Marine Petroleum reports 49 percent jump in 3rd-quarter profit as margins improved ... Aegean Marine Petroleum Network Inc., which sells boat fuel and lubricants to ships in port and at sea, said Wednesday its third-quarter profit rose 49 percent as profit margins from selling marine petroleum products improved ... The profit margin on marine petroleum product sales rose nearly 8 percent, the Greek company said. (ABC News -- Wire)
Aegean Marine Petroleum to pay 1-cent quarterly dividend ... Aegean Marine Petroleum Network Inc. on Wednesday declared a quarterly dividend, maintaining the 1 cent per share payment approved in recent quarters. (ABC News -- Wire)
Gasoline vapors from an overflowing fuel tank caused the blast at the Caribbean Petroleum Corp. facility near the U.S. territory's capital, San Juan, according to Luis Fraticelli, the FBI special agent in charge for the island. He said more than 240 investigators analyzed the explosion and did not find evidence it was intentional. (Fresno Bee -- Nation)
"The government wants to have more control over the rhythm of exploration, development and production. "Every country which wants to have more control over the production of petroleum has adopted production sharing agreements, because they are more suited to this goal. Brazil is doing exactly the same at this point. (BBC News -- Americas)
FINANCIAL AND OPERATING HIGHLIGHTS (1) ($ millions, except as noted) Three Months Ended Nine Months Ended Change Change September 30 2009 2008 % 2009 2008 % ---------------------------------------------------------------------------- Financial Petroleum and natural gas sales 36 ... Netback equals petroleum and natural gas sales less royalties, operating costs, production taxes and transportation costs. (CCNMatthews Press Releases)
"Contingent resources" are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingencies may include factors such as economic, legal, environmental, political, and regulatory matters, or a lack of markets. (CCNMatthews Press Releases)
Most Active Issues by Volume Volume Name Symbol Close Change 299,750 Border Petroleum Inc BOP.H $ 0 ... 140 $14,988 Border Petroleum Inc BOP.H $ 0. (CCNMatthews Press Releases)
A recent study revealed that while petroleum diesel emits 85 percent of its. (Sep. (Science Daily)
Petroleum products and alcohol won't come under GST at all. That makes lack of clarity on taxing gas, electricity and real estate all the more worrying. (India Times, India)
There is simply no need for us to be in hock to the oil sheiks as a result of burning petroleum to generate electricity. - Robert, Arlington, USA, 12/11/2009 04:20. (The Drudge Report)
31 millilon bpd, the Organisation of Petroleum Exporting Countries said in its November report. A month ago, it had been pencilling in only a fractionally bigger contraction of 1. (Sydney Morning Herald -- Business)
31 million barrels per day (bpd), the Organization of the Petroleum Exporting Countries (OPEC) said in its latest monthly report released on Wednesday. However, the world economic recovery would push world oil demand to increase 0. (Xinhuanet, China)
This is contained in a resolution by the National Executive Council of the General Transport, Petroleum and Chemical Workers Union (GTPCWU) at an "Oil for Development" seminar organised by the Trades Unions Congress in collaboration with LO-Norway ... According to the resolution, the government must ensure that the Environmental Protection Agency, the Ministry of Environment, Ministry of Energy, the Ghana National Petroleum Corporation and a Regulatory Body for the upstream activities play their... (Ghana Web, Ghana)
Abuja The Nigerian National Petroleum Corporation (NNPC) yesterday declared that the planned deregulation of the downstream sector of the petroleum industry would not necessarily lead to a hike in the prices of petroleum products as generally believed ... Presenting a paper entitled: "The Oil and Gas Industry - Mainstay of the Nigerian Economy" at the National Defence College, Abuja, the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Mohammed Sanusi... (allAfrica.com)
Abuja THE Federal Government, on the second day of its meeting with leaders of the Nigeria Labour Congress, NLC, yesterday, admitted that its planned deregulation of the downstream sub-sector of the petroleum industry will lead to an increase in the pump price of petrol. The government's open admission however contradicts the position of the Nigerian National Petroleum Corporation, NNPC, which, also yesterday, said the planned deregulation of the downstream sector of the petroleum industry would... (allAfrica.com)
PETALING JAYA: Kencana Petroleum Bhd has proposed a renounceable rights issue of up to 369. 1 million rights shares at 50 sen each on the basis of 2-for-5 and a 3-for-10 bonus issue of up to 387. (The Star Online, Malaysia -- Business)
In laundry detergents, zeolites trade soft ions for hard ones in the water, and the petrochemical industry uses zeolites to crack petroleum into gasoline, diesel and other products. After the accident at the Three Mile Island nuclear power plant, zeolites were used to adsorb radioactive ions. (Science Daily)
The Ghana National Petroleum Authority cannot exercise a pre-emption right, which allows it to solely bid for additional shares from its development partners in the jubilee fields, The Chronicle has learnt ... The Ghana National Petroleum Authority is in talks with other interested parties such as British Petroleum and CNOOC Limited-a Chinese state owned Oil Company to fund a purchase of Kosmos stake in the jubilee field. (allAfrica.com)
Abuja The meeting between the Federal Government and Labour over the impending deregulation of the downstream sector of the petroleum industry ended yesterday without any common ground being reached ... Speaking at the meeting, Minister of Petroleum Resou-rces, Dr. Rilwanu Lukman, assured the NLC that the policy was not meant to impoverish Nigerians as it was being intended to improve the welfare of Nigeria in the long run ... "There is no way government would embark on a policy that would... (allAfrica.com)
Gabrielli, 60, spoke before the Senate committee today following 22 appearances by executives from the Rio de Janeiro- based company and its vendors, as well as officials from Brazils National Petroleum Agency and the head of the tax agency. Gabrielli said the company is at the disposal of the committee and open to providing any information they need. (Bloomberg -- Latin America)
At the same time, the inability to pass-on the effects of changes in world market prices of crude oil and petroleum products and the depreciation of the cedi compounded the situation ... Being a net crude oil-importing country, and dependent largely on imports of petroleum products, any further rise in the average price of crude oil beyond the upper limit of US$80 per barrel will adversely affect Ghanas import bill with ominous consequences for the economy. (Ghana Web, Ghana)
By WESLEY LOY Petroleum News. Published: November 10th, 2009 08:00 PMLast Modified: November 10th, 2009 08:01 PM. (Anchorage Daily News)
Back to Energy News
©1998-2009 SurfWax, Inc.
All rights reserved. Patents pending.
Copyright SurfWax, Inc. 2009 |