oil company

Canada’s Nexen oil company shareholders approve Chinese takeover for $15.1 billion


September 22nd, 2012 - 9:21 pm ICT by BNO News
CALGARY, CANADA (BNO NEWS) -- Canadian oil and gas company, Nexen Inc., on Thursday announced that its shareholders have approved the proposed takeover by China National Offshore Oil Company (CNOOC).The Plan of ... Read more...

Posted in Business |

Blast at Mexican gas facility kills 26, seven still missing


September 20th, 2012 - 1:28 am ICT by BNO News
REYNOSA, MEXICO (BNO NEWS) -- At least 26 people were killed Tuesday and seven others remain missing after a huge blaze erupted at a PetrĂ³leos Mexicanos (Pemex) natural gas facility in northern ... Read more...

Posted in World News |

Toll in Kerala tanker explosion rises to 14


September 1st, 2012 - 12:49 pm ICT by IANS
Kannur (Kerala) Sep 1 (IANS) The toll in the Liquefied Petroleum Gas (LPG) tanker explosion here went up to 14 Saturday.Authorities estimate the losses at Rs.5 crore in the explosion ... Read more...

Posted in Uncategorized |

India has not withdrawn from Vietnamese oil block: Minister


August 18th, 2012 - 6:15 pm ICT by IANS
New Delhi, Aug 18 (IANS) India has not withdrawn from oil and gas exploration in a block in the South China Sea where China claims territorial rights over blocks originally ... Read more...

Posted in Business |

Trinidad & Tobago’s $2m fund to track talent for Rio


August 17th, 2012 - 2:13 pm ICT by IANS
Port of Spain (Trinidad), Aug 17 (IANS/CMC) A $2 million Athletic Development Programme has been unveiled in Trinidad and Tobago, targeting promising athletes likely to represent the country in the next ... Read more...

Posted in Sports |

Colombian oil firm to export 12 mn barrels to India


August 16th, 2012 - 11:26 am ICT by IANS
Bogota, Aug 16 (IANS/EFE) Colombian oil firm Ecopetrol will supply 12 million barrels of crude to a private Indian refining company under a year-long contract worth approximately $1.2 billion, the ... Read more...

Posted in Business |

Brazil oil giant announces new find


August 4th, 2012 - 12:31 pm ICT by IANS
Rio de Janeiro, Aug 4 (IANS/EFE) Brazilian state-controlled oil company Petrobras has announced the discovery of a new oil find at a deep-water well off the country's northeast coast.Petrobras said ... Read more...

Posted in Business |

Petrol price cut by Rs.2.02 a litre in Delhi (Lead)


June 2nd, 2012 - 7:59 pm ICT by IANS
New Delhi, June 2 (IANS) State-owned Indian Oil Corp Saturday said it will reduce petrol price by Rs.2.02 a litre, including state levies, in Delhi from midnight Saturday. Petrol became ... Read more...

Posted in Business |

Russian state oil firm to buy back shares worth $2 bn


June 1st, 2012 - 2:32 pm ICT by IANS
Moscow, June 1 (IANS/RIA Novosti) Russia's largest state-controlled oil company Rosneft will purchase 68.3 billion rubles ($2 billion) worth of shares from its minority shareholders.The buy-back involves Rosneft's minority shareholders ... Read more...

Posted in Business |

Kazakh cops jailed for attacking protesters


May 29th, 2012 - 6:41 am ICT by IANS
Astana, May 29 (IANS/RIA Novosti) Five police officers have been sent to jail for their heavy-handed response to a protest by striking oil workers in Kazakhstan last year.At least 15 ... Read more...

Posted in World |

Italian firm Eni finds oil in Egypt


May 24th, 2012 - 7:17 pm ICT by IANS
Rome, May 24 (IANS) Italy's largest energy company Eni said Thursday it has made a significant discovery of around 150-250 million barrels of oil in Egypt.The oil reserves have been ... Read more...

Posted in World |

Petrol price hiked by Rs.6.28 plus taxes, industry welcomes move (Second Lead)


May 23rd, 2012 - 10:35 pm ICT by IANS
New Delhi,May 23 (IANS) India's state-controlled refiners hiked prices petrol by a steep 6.28 per litre, exclusive of taxes, effective midnight Wednesday to compensate losses incurred by them for selling ... Read more...

Posted in Business |

India says it’s free to decide on Iran oil imports


May 10th, 2012 - 1:57 pm ICT by IANS
New Delhi, May 10 (IANS) India is "free to take its decisions" on importing oil from Iran despite economic sanctions by the US to thwart Tehran's alleged military nuclear programme, ... Read more...

Posted in Uncategorized |

Exxon Mobil’s earnings fall


April 27th, 2012 - 2:07 pm ICT by IANS
Washington, April 27 (IANS) US oil giant Exxon Mobil said Thursday its earnings fell 11 percent in the first quarter of the year, due to lower oil-and-gas production and higher ... Read more...

Posted in Business |

Oil pipeline blown up in Syria


April 22nd, 2012 - 6:58 am ICT by IANS
Damascus, April 22 (IANS) An armed group blasted an oil pipeline in Syria's Deir al-Zour province, the state-run SANA news agency reported.The attack was carried out Saturday on the pipeline ... Read more...

Posted in World |

Argentina to nationalize Spanish-controlled oil company


April 17th, 2012 - 11:12 am ICT by IANS
Buenos Aires, April 17 (IANS/EFE) President Cristina Fernandez announced Monday the immediate takeover of YPF, a unit of Spanish oil major Repsol, and said she will ask the Argentine Congress ... Read more...

Posted in Business |

Loss of permit in Argentina a surprise: Petrobras


April 5th, 2012 - 12:05 pm ICT by IANS
Rio de Janeiro, April 5 (IANS/EFE) The decision by Argentina's Neuquen province to cancel a concession granted to Petrobras caught the Brazilian state-controlled oil giant by surprise, CEO Maria das ... Read more...

Posted in Uncategorized |

Italy seizes Gaddafi assets worth $1.4 bn


March 30th, 2012 - 6:14 am ICT by IANS
Rome, March 30 (IANS/AKI) Assets worth $1.1 billion euros (about $1.4 billion) belonging to Libya's Gaddafi family were seized by the Italian police.The assets included stocks, real estate, a share ... Read more...

Posted in Politics |

Chinese-Spanish venture makes oil find in Brazil


February 28th, 2012 - 11:25 am ICT by IANS
Madrid, Feb 28 (IANS/EFE) Chinese-Spanish oil venture Repsol Sinopec Brasil has made a new oil find in Brazil's deepwater Campos Basin, with the discovery offering one of the heaviest accumulations ... Read more...

Posted in Business |

For namesake’s visa, Bhajji gets a googly


February 21st, 2012 - 10:14 pm ICT by IANS
Jalandhar (Punjab), Feb 21 (IANS) Cricketer Harbhajjan Singh may have tormented many batsmen with his bowling but this is one googly he may fail to comprehend himself.Police in Jalandhar ... Read more...

Posted in Sports |

Argentina says oil company owes $8 mn in tax


February 16th, 2012 - 11:55 am ICT by IANS
Buenos Aires, Feb 16 (IANS/EFE) Argentina's Treasury has prohibited oil company YPF, controlled by Spain's Repsol-YPF, from making any imports or exports until it pays an $8 million tax debt, ... Read more...

Posted in Business |

HCL bags deal from Norway-based Statoil


February 13th, 2012 - 9:59 pm ICT by IANS
New Delhi, Feb 13 (IANS) HCL Technologies Monday said it had bagged an infrastructure management services deal from Norway-based energy firm Statoil."This deal win reinforces HCL's dominance in the Nordic ... Read more...

Posted in Business |

Argentine oil firm made $3 bn investments in 2011


February 9th, 2012 - 11:40 am ICT by IANS
Buenos Aires, Feb 9 (IANS/EFE) Argentine oil company YPF, a unit of Spain's Repsol-YPF, announced Wednesday that its investments in the South American country rose last year by 50 percent ... Read more...

Posted in Business |

Mexican oil giant needs $25 bn in annual investment


February 8th, 2012 - 1:41 pm ICT by IANS
Mexico City, Feb 8 (IANS/EFE) State-owned oil giant Petroleos Mexicanos, or Pemex, will "require annual investment and acquisitions" for its operations "exceeding 320 billion pesos (nearly $25.2 billion)" over the ... Read more...

Posted in Business |

Mexican oil firm posts nearly $25 bn surplus in 2011


February 1st, 2012 - 12:57 pm ICT by IANS
Mexico City, Feb 1 (IANS/EFE) Petroleos Mexicanos, or Pemex, said Tuesday it posted a trade surplus of $24.99 billion in 2011, up 28 percent from the prior year.Exports totaled $55.79 ... Read more...

Posted in Business |

Swedish journalists jailed in Ethiopia on terror charges


December 27th, 2011 - 5:58 pm ICT by IANS
London, Dec 27 (IANS) Two Swedish journalists have been jailed for 11 years in Ethiopia for entering the country illegally and supporting terrorism, BBC reported Tuesday.Martin Schibbye and Johan Persson ... Read more...

Posted in Entertainment |

Mexican oil giant to spend $24 mn to repair pipeline


December 21st, 2011 - 11:25 am ICT by IANS
Mexico City, Dec 21 (IANS/EFE) State-owned oil giant Petroleos Mexicanos, or Pemex, said it planned to spend 329.8 million pesos (about $24 million) to repair a pipeline damaged in an ... Read more...

Posted in Business |

Iran, Russia ink oil deal


December 19th, 2011 - 1:27 am ICT by IANS
Tehran, Dec 18 (IANS) Iran and Russia Sunday signed a contract to develop an oil field in the southern part of the country, Xinhua reported.It was signed between the Iranian ... Read more...

Posted in Business |

US energy policy moving in wrong direction: Chevron CEO


October 20th, 2011 - 1:50 pm ICT by IANS
Washington, Oct 20 (IANS) The energy policy in the US is moving in the wrong direction and may risk making energy more scarce and expensive, John S. Watson, chairman and ... Read more...

Posted in Business |

Chinese engineer killed in Sudan


October 3rd, 2011 - 5:38 pm ICT by IANS
Khartoum, Oct 3 (IANS) A Chinese engineer was shot dead and another wounded when a group of armed men attacked an oil field in South Kordofan province of southern Sudan, ... Read more...

Posted in World |

Italy’s oil giant Eni restarts production in Libya


September 26th, 2011 - 9:02 pm ICT by IANS
Rome, Sep 26 (IANS/AKI) Italian oil giant Eni is resuming production in Libya after more than seven months following the conflict that ousted long-time leader Muammar Gaddafi and brought the ... Read more...

Posted in Uncategorized |

From Brazil to Kerala: Hamza waters run deep below Amazon


August 31st, 2011 - 2:33 pm ICT by IANS
New Delhi, Aug 31 (IANS) The 6,000-km Hamza river flows under the Amazon, an India connect to the world's longest river. And Valiya Mannathal Hamza, the Brazil-based scientist from Kerala ... Read more...

Posted in World |

Underground river named after Indian-origin scientist


August 26th, 2011 - 12:07 pm ICT by IANS
Brasilia, Aug 26 (IANS/EFE) Brazilian scientists has discovered the existence of an underground river some 6,000 km long running beneath the Amazon River. The river has been named after an ... Read more...

Posted in World |

Saudi largest supplier of oil to India, Africa shows promise


August 23rd, 2011 - 6:53 pm ICT by IANS
New Delhi, Aug 23 (IANS) Saudi Arabia remained the largest supplier of crude oil to India while the share of African countries rose significantly from 32.91 million tonnes in 2009-10 ... Read more...

Posted in Business |

Pakistan spuds 21 new oil wells


August 21st, 2011 - 8:39 pm ICT by IANS
Islamabad, Aug 21 (IANS) Pakistan's state-run OGDCL oil company has spudded 21 new oil wells with net crude production of 37,370 bpd during the fiscal ending June 30, a media ... Read more...

Posted in South Asia |

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