state oil company

Mexican firm ordered to clean up oil spill


August 25th, 2012 - 12:49 pm ICT by IANS
Mexico City, Aug 25 (IANS/EFE) Mexican environmental authorities are demanding that state oil company Petroleos Mexicanos clean up a crude spill that occurred when a loading buoy sank nearly two ... Read more...

Posted in Environment |

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 |

Latin America - Energising India (Comment)


June 21st, 2012 - 9:52 am ICT by IANS
Latin America has remained at the periphery of Indian political and economic strategy, having presented no significant challenges, received marginal Indian migration (mainly in the Caribbean/Atlantic), and, depending on the country, ... Read more...

Posted in Business |

China, Colombia agree to boost oil cooperation


May 10th, 2012 - 12:48 pm ICT by IANS
Beijing, May 10 (IANS/EFE) Colombian President Juan Manuel Santos and Chinese President Hu Jintao presided over the signing here Wednesday of nine agreements to boost cooperation in a range ... 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 |

London oil executive linked to 9/11 hijackers


February 18th, 2012 - 11:20 pm ICT by IANS
London, Feb 18 (IANS) A Saudi man accused of associating with 9/11 hijackers and who disappeared from his home in the US a few weeks before the attacks in 2001, ... Read more...

Posted in World |

‘EU sanctions on Iran may push oil prices to $150′


January 30th, 2012 - 3:25 am ICT by IANS
Moscow, Jan 30 (IANS/RIA Novosti) The European Union (EU) embargo on oil imports from Iran may push world oil prices to $150 per barrel, the head of Iran's state oil ... Read more...

Posted in Business |

Colombia pipeline blast kills 11


December 24th, 2011 - 11:21 am ICT by IANS
Bogota, Dec 24 (IANS/EFE) Eleven people were killed and 81 injured Friday when a gasoline pipeline exploded in the west-central Colombian town of Dosquebradas, authorities said."It's a very sad morning," ... Read more...

Posted in World |

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 |

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 interested in Exxon Mobil’s Angola block


November 1st, 2010 - 9:48 pm ICT by IANS
New Delhi, Nov 1 (IANS) Oil and Natural Gas Corporation (ONGC) is considering a proposal to buy the stake of Exxon Mobil in an Angolan oil block, a senior official said Monday."The ... Read more...

Posted in Business |

BP sells operation in Colombia


August 4th, 2010 - 11:17 am ICT by IANS
Bogota, Aug 4 (IANS/EFE) Colombian state oil company Ecopetrol S.A. and Canadian firm Talisman have reached an agreement to buy the Colombia operation of BP Plc for $1.75 billion. The deal for BP ... Read more...

Posted in Business |

Saudi Arabian mother becomes al-Qaeda’s ‘First Lady’


June 26th, 2010 - 3:19 pm ICT by ANI
London, June 26 (ANI): A woman in Saudi Arabia, Heila al-Qusayyer, has been named the al-Qaeda's 'First Lady', who was running a cell of 60 militants and is believed to have been ... Read more...

Posted in World |

New oil field in Mexico could help rescue industry


February 17th, 2010 - 3:54 am ICT by IANS
Mexico City, Feb 17 (DPA) A new oil field was identified in the south of the Gulf of Mexico that could help rescue the North American country's lagging industry, according to the ... Read more...

Posted in Business |

Venezuela announces currency devaluation


January 10th, 2010 - 1:39 pm ICT by IANS
Caracas, Jan 10 (IANS/EFE) Venezuelan President Hugo Chavez has announced a currency devaluation and the introduction of a two-tiered official exchange rate as his government aims to boost a sagging economy. The official ... Read more...

Posted in Business |

Explosion at Russian oil refinery, 1 killed


December 7th, 2009 - 1:25 am ICT by IANS
Irkutsk, Dec 6 (RIA Novosti) An explosion hit Russia's Angarsk Oil Refinery owned by state oil company Rosneft in eastern Siberia Sunday, killing one person, authorities said. The roof measuring 120 sq metres ... Read more...

Posted in World |

Petrobras signs $10 bn loan deal with China


November 5th, 2009 - 3:46 pm ICT by IANS
Rio de Janeiro, Nov 5 (EFE) Brazilian state-controlled energy giant Petrobras said that it has signed a contract finalising a 10-year, $10 billion loan from China Development Bank (CDB) Corp, the biggest-ever ... Read more...

Posted in Business |

Mexico detects 1.7 mn tax evaders


September 25th, 2009 - 5:07 pm ICT by IANS
Mexico City, Sep 25 (EFE) At least 1.7 million Mexicans, among them several soccer stars, have not paid their taxes since June 2008, according to data gathered by the Tax Administration System, ... Read more...

Posted in World |

Mexico shuts three government departments to save money


September 9th, 2009 - 11:53 am ICT by IANS
Mexico City, Sep 9 (EFE) Mexican President Felipe Calderon has said that he is eliminating the federal departments of tourism, agrarian reform and public function as part of an austerity plan to ... Read more...

Posted in Business |

Mexico forecasts 4 percent drop in oil output in 2010


August 29th, 2009 - 11:34 am ICT by IANS
Mexico City, Aug 29 (EFE) Mexican authorities said they expect average daily crude output to fall in 2010 to 2.5 million barrels per day, which would represent a four percent drop compared ... Read more...

Posted in Business |

Russia, China sign oil deal, start new pipeline branch


April 21st, 2009 - 1:33 pm ICT by IANS
Beijing, April 21 (RIA Novosti) Russia and China signed an agreement on oil cooperation in Beijing Tuesday, under which a new branch from the East Siberia-Pacific Ocean (ESPO) pipeline will be built ... Read more...

Posted in World |

Russia begins second trial of Khodorkovsky


March 31st, 2009 - 11:38 pm ICT by IANS
Moscow, March 31 (RIA Novosti) A Moscow court Tuesday rejected jailed ex-tycoon and Kremlin critic Mikhail Khodorkovsky's request that state oil company Rosneft be removed from a list of complainants in the ... Read more...

Posted in World |

India-CIS hydrocarbon roundtable to begin Tuesday


November 24th, 2008 - 4:53 pm ICT by IANS
New Delhi, Nov 24 (IANS) A year after India courted Africa's oil, hydrocarbon-rich Central Asian countries are now in its crosshair, as it prepares to host energy ministers and policy makers from ... Read more...

Posted in Business |

India looks at Central Asia for hydrocarbon ventures


October 24th, 2008 - 9:07 pm ICT by IANS
New Delhi, Oct 24 (IANS) After Africa, India has now trained its sights on Central Asia, touted as one of world's largest oil producing regions in the future.In a bid to tap ... Read more...

Posted in Business |

Kazakh firm, ONGC-Mittal talks still stuck on oil block


August 27th, 2008 - 7:31 pm ICT by IANS
New Delhi, Aug 27 (IANS) India is unlikely to have a presence in Kazakhstan's upstream industry before next year, with the central Asian nation unwilling to hold negotiations on the commercial terms ... Read more...

Posted in Uncategorized |

Bolivia seizes controlling stake in pipeline company


June 3rd, 2008 - 7:14 pm ICT by IANS
La Paz, June 3 (IANS) Bolivian President Evo Morales has expropriated US-based company Ashmore's 50 percent stake in gas pipeline company Transredes, which transports Bolivia's natural gas to neighbouring Brazil and Argentina, ... Read more...

Posted in World |

Taiwan to bid to explore for oil in North Peru


June 1st, 2008 - 9:31 am ICT by admin
DPA Taipei, June 1 (DPA) Taiwan's state oil company CPC plans to submit tender to explore for oil in North Peru, the Central News Agency (CNA) said Saturday. Taiwan's representative to Peru Huang ... Read more...

Posted in World |

Brazil to launch international pro-ethanol campaign


May 17th, 2008 - 7:20 am ICT by admin
DPA Lima/Rio de Janeiro, May 17 (DPA) The Brazilian government plans to launch an international campaign to defend the use of ethanol as an alternative to oil-derived fuels, a key advisor to Brazilian ... Read more...

Posted in World |

Kuwait signs six billion dollar joint venture agreement with Vietnam


April 23rd, 2008 - 9:23 am ICT by admin
Nicosia, Apr 23 (ANI): Kuwait Petroleum International (KPI) has signed an agreement to take a stake in a six billion dollar joint venture to build a new refinery in Vietnam, capable ... Read more...

Posted in National |

World’s third largest oil field discovered off Brazil


April 15th, 2008 - 1:57 pm ICT by admin
DPA Rio de Janeiro, April 15 (DPA) An oil field discovered off Brazil's Atlantic coast could prove to be the world's third largest, National Oil Agency (NOA) said. The Carioca field in the ... Read more...

Posted in Business |

Petrobras, Mitsui form bio-fuels venture


March 14th, 2008 - 11:34 am ICT by admin
Rio de Janeiro, March 14 (IANS) Brazilian state oil company Petrobras has said that it has formed a 50:50 joint venture with Japan's Mitsui Group to produce bio-fuels, with a focus on ... Read more...

Posted in World |

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