oil equivalent

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 |

India has not withdrawn from Vietnamese oil block: Minister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New Delhi, Aug 18 (IANS) India has not withdrawn from oil and gas exploration in a block in the South China Sea where China claims territorial rights over blocks originally ...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 |

Colombian firm makes oil find


August 17th, 2012 - 11:50 am ICT by IANS
Bogota, Aug 17 (IANS/EFE) Colombia's Ecopetrol and two US joint venture partners have discovered oil and gas at a deep-water well in the US Gulf of Mexico, the Bogota-based firm ... Read more...

Posted in Business |

India’s energy consumption to double by 2031: Study


July 25th, 2012 - 8:28 pm ICT by IANS
New Delhi, July 25 (IANS) Energy consumption in India is likely to double to 1,124 kgs of oil equivalent (kgoe) by 2031-32 on the back of high economic expansion, a ... Read more...

Posted in Business |

Colombian firm makes new oil find


April 26th, 2012 - 12:55 pm ICT by IANS
Bogota, April 26 (IANS/EFE) State oil company Ecopetrol announced a new crude discovery at an exploratory well in Tisquirama, a block in northern Colombia that has been in commercial production ... Read more...

Posted in Business |

Brazilian firm makes offshore crude find


March 21st, 2012 - 11:46 am ICT by IANS
Rio de Janeiro, March 21 (IANS/EFE) Brazilian state-controlled energy giant Petrobras said Tuesday it discovered a new "high-quality" oil accumulation off the coast of Sao Paulo state.The new find was ... Read more...

Posted in Business |

Brazil’s oil production hits record high


February 3rd, 2012 - 2:02 pm ICT by IANS
Rio de Janeiro, Feb 3 (IANS) Brazil's oil and natural gas production was a record high in 2011, authorities said Thursday.According to National Petroleum Agency, Brazil's oil production totalled 768 ... Read more...

Posted in Uncategorized |

French firm to invest $4.2 bn in Norway


February 3rd, 2012 - 1:41 pm ICT by IANS
Paris, Feb 3 (IANS) French giant energy producer Total said Thursday it is investing $4.2 billion for the development of a new oil field located in the North Sea off ... Read more...

Posted in Business |

Spanish firm buys Russian oil company for $230 mn


December 30th, 2011 - 12:46 pm ICT by IANS
Madrid, Dec 30 (IANS/EFE) Spanish energy firm Repsol YPF SA said Thursday that it spent $230 million to acquire Russian oil company Eurotek, which holds exploration and production permits in ... Read more...

Posted in Business |

Cuba estimates 2011 oil, gas output at four mn tonnes


December 22nd, 2011 - 11:44 am ICT by IANS
Havana, Dec 22 (IANS/EFE) Cuba's basic industry minister said the island produced an estimated four million tonnes of oil equivalent in 2011, an amount roughly unchanged from the previous four ... Read more...

Posted in Uncategorized |

Ecuador to deliver $538 mn worth of oil to China


December 10th, 2011 - 12:46 pm ICT by IANS
Quito, Dec 10 (IANS/EFE) State oil company Petroecuador will deliver nearly $538 million worth of crude to PetroChina in 2012 in fulfillment of a cash-for-oil agreement, an executive with the ... Read more...

Posted in Business |

Colombian oil company to invest $8.48 bn in 2012


November 23rd, 2011 - 11:18 am ICT by IANS
Bogota, Nov 23 (IANS/EFE) Colombian state oil company Ecopetrol S.A. plans to invest $8.48 billion next year and has set a goal of boosting production to 750,000 barrels of oil ... Read more...

Posted in Business |

Chevron to cap, abandon leaking Brazil oil well


November 16th, 2011 - 11:53 am ICT by IANS
Rio de Janeiro, Nov 16 (IANS/EFE) Brazilian oil regulator ANP approved Chevron Corp's plan to seal a leaking offshore well, the official Agencia Brasil news agency said Tuesday.The leak began ... Read more...

Posted in Business |

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 |

ONGC Videsh targets 20 mn tonnes output by 2020


August 18th, 2011 - 11:27 pm ICT by IANS
New Delhi, August 18 (IANS) ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC) aims to exceed an annual crude oil production level of 20 ... Read more...

Posted in Business |

Brazilian firm finds offshore oil, gas fields


July 6th, 2011 - 11:47 am ICT by IANS
Rio de Janeiro, July 6 (IANS/EFE) Oil giant Petrobras said it found two new offshore oil and gas fields in a deepwater area in the Espirito Santo basin, some 115 ... Read more...

Posted in Business |

Brazilian firm announces new deepwater oil find


April 30th, 2011 - 12:07 pm ICT by IANS
Sao Paulo, April 30 (IANS/EFE) State-controlled energy giant Petrobras announced the discovery of a new high-quality crude deposit in deep waters off Brazil's southeastern coast.Located in the Albacora field of ... Read more...

Posted in Business |

Colombia has record oil output in February


March 10th, 2011 - 11:17 am ICT by IANS
Bogota, March 10 (IANS/EFE) Colombia's oil output reached a record high of 861,000 barrels per day (bpd) in February, up 13.4 percent from the same month of 2010, authorities said.Average ... Read more...

Posted in Business |

India to set energy efficiency targets for industries


January 11th, 2011 - 1:45 pm ICT by IANS
By Richa Sharma New Delhi, Jan 11 (IANS) India will for the first time release energy efficiency targets for eight industrial sectors in April in a move that is expected to save ... Read more...

Posted in Environment |

China joins world’s elite offshore energy club


January 5th, 2011 - 5:42 pm ICT by ANI
Beijing, Jan 5 (ANI): China has become a part of the world's elite club of offshore oil producers following China National Offshore Oil Corporation's (CNOOC) announcement that its oil and natural gas ... Read more...

Posted in World |

Brazil oil field’s name changed to `Lula’


December 30th, 2010 - 11:51 am ICT by IANS
Rio de Janeiro, Dec 30 (IANS/EFE) Brazilian state-controlled energy giant Petrobras Wednesday confirmed the commercial viability of two massive offshore oil and gas fields located deep beneath the ocean floor, announcing that ... Read more...

Posted in Business |

Petrobras finds oil signs during deepwater exploration


October 28th, 2010 - 12:45 pm ICT by IANS
Rio de Janeiro, Oct 28 (IANS/EFE) Brazilian state-controlled energy giant Petrobras said signs of oil found at in its first deepwater exploration well in the Sergipe-Alagoas Basin mark the opening of a ... Read more...

Posted in Business |

OVL records highest production from foreign assets


August 19th, 2010 - 11:46 pm ICT by IANS
New Delhi, Aug 19 (IANS) The overseas arm of state-run ONGC Ltd has reported its highest-ever production of over 8 million tonnes from its foreign hydrocarbon assets last year, parliament was informed ... Read more...

Posted in Business |

China dismisses IEA analysis of being world’s top energy user


July 20th, 2010 - 6:24 pm ICT by ANI
New Delhi, July 20 (ANI): A Chinese energy official on Tuesday rejected a report by the International Energy Agency (IEA) saying China had surpassed the United States to become the world's biggest ... Read more...

Posted in National |

IEA says China has overtaken US as world’s largest energy user


July 20th, 2010 - 3:16 pm ICT by ANI
London, July 20 (ANI): The International Energy Agency (IEA) has declared China to be the world's largest energy user.According to the Financial Times, China's rise to the top ranking has been faster ... Read more...

Posted in World |

Cabinet approves Rs 235.35 crore for energy efficiency mission


June 24th, 2010 - 11:09 pm ICT by IANS
New Delhi, June 24 (IANS) The cabinet Thursday approved the implementation plan of the National Mission for Enhanced Energy Efficiency which could lead to reduction in greenhouse gas emissions and savings ... Read more...

Posted in Business |

Scientists double the estimate of oil flow into Gulf of Mexico


June 11th, 2010 - 11:55 am ICT by ANI
Louisiana (US), June 11 (ANI): Scientists have warned that the flow rate of the oil spill into the Gulf of Mexico could actually be greater due to the cutting of the riser ... Read more...

Posted in World |

ONGC Videsh declares progressive 2009-10 financial results


May 22nd, 2010 - 1:44 pm ICT by ANI
New Delhi, May 22 (ANI): ONGC Videsh Ltd. (OVL), the wholly-owned subsidiary of Oil and Natural Gas Corporation Ltd. (ONGC) on Saturday announced that it had produced 8.870 million tons of oil ... Read more...

Posted in Business |

Cairn now puts Rajasthan oil field at 6.5 bn barrels (Lead)


March 23rd, 2010 - 7:45 pm ICT by IANS
New Delhi, March 23 (IANS) Energy major Cairn India Tuesday announced an increase in the total potential resource of its Rajasthan block to 6.5 billion barrels of oil equivalent (boe), which will ... Read more...

Posted in Business |

Cairn revises Barmer oil field upwards to 6.5 bn barrels


March 23rd, 2010 - 4:20 pm ICT by IANS
New Delhi, March 23 (IANS) Energy major Cairn India, which operates the biggest on-land oilfield in Rajasthan's Barmer district, said the oil potential from this field had been revised upwards to 6.5 ... Read more...

Posted in Business |

New estimates value Essar gas reserves at $4 billion


March 5th, 2010 - 6:27 pm ICT by IANS
Mumbai, March 5 (IANS) The Ruias-led energy major Essar Oil Friday said its coal-bed methane blocks actually contain about seven trillion cubic feet (tcf) of recoverable gas, over twice than earlier estimates, ... Read more...

Posted in Business |

China to tap combustible ice


October 3rd, 2009 - 10:45 am ICT by IANS
Xining (China), Oct 3 (Xinhua) China will drill holes in the frozen tundra region to extract combustible ice as an alternative energy source, officials said. Combustible ice is a kind of natural gas ... Read more...

Posted in Sci-Tech |

Brazil’s oil reserves will last 50 years: Minister


September 17th, 2009 - 12:08 pm ICT by IANS
Brasilia, Sep 17 (EFE) Brazil will have crude for half a century and become a leading oil exporter and "an important player in international geopolitics", the country's energy minister has said during ... Read more...

Posted in Business |

India relaunches auction of areas for oil and natural gas exploration


August 8th, 2009 - 4:18 pm ICT by ANI
Mumbai, Aug 8 (ANI): India on Saturday relaunched its largest ever auction of oil and gas exploration areas, aiming to attract USD 3 to 4 billion investment towards boosting energy security.Union ... Read more...

Posted in National |

India must look for oil assets overseas: CII


July 19th, 2009 - 11:40 am ICT by IANS
New Delhi, July 19 (IANS) As the oil price is below $100 per barrel in the international market right now, India should look at entering long-term crude oil contracts and acquiring oil ... Read more...

Posted in Business |

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