Muscat projects the port of Sohar, 220 km north of Muscat, as the first anchor for a journey to make Oman a key maritime centre between three continents. Industries built there feature a...
The EU may allow some of its members to use strategic oil reserves after an oil embargo on Iran goes into effect on July 1. In Davos, EU Energy Commissioner Guenther Ottinger on...
In his third State of the Union address to the US Congress, President Barack Obama on Jan. 24 said he was "determined to prevent Iran from getting a nuclear weapon", stressing: "I will...
Construction a cure for crisis, Kazakh president tells nation Kazakh President Nursultan Nazarbayev announced some grandiose new industrial projects in his annual address to the nation on January 27. These projects, he said,...
* Drilling activity progressing with two rigs in operation; Contracting for core drill rig * Metallurgical characterization advancing * Preliminary Economic Assessment completion targeted for early Q2 2012 DENVER, Colo. & SIERRA BLANCA,...
HOUSTON -- GeoResources, Inc., (NASDAQ: "GEOI"), today announced changes to its Board of Directors and executive management team. Robert J. Anderson has been appointed to serve as Chief Operating Officer (Northern Division) in...
The petrochemical sector in Egypt had grown rapidly before the global economic crisis began in 2007. Its profitability fell sharply when the crisis was followed by a global recession in 2008/09. The sector...
Japan's policy on Iranian oil was left in doubt on Jan. 13 after PM Yoshihiko Noda distanced himself from Finance Minister Jun Azumi's pledge to reduce oil imports in support of a US...
HOUSTON -- ConocoPhillips [NYSE:COP] today announced additional appointments to the executive management teams for the two leading energy companies that will be created when ConocoPhillips completes its strategic repositioning, expected in the second...
BRADENTON, Fla. -- First Titan Corp. (OTCBB:FTTN), an emerging energy developer, acquired an interest today in an oil and gas well to be drilled by Intrepid Drilling, LLC. The purchase caps an impressive...
* Revenue and EPS decline for the quarter * Gross margins continue to be impacted by commodity costs * Sequential gross margin improvement in the quarter encouraging * Progress made on key long-term...
The WD, a gas-rich area of about 450,000 sq km, has become the second biggest oil producing part of Egypt next to the GoS. WD's crude oil and condensate output in 2011 rose...
OKLAHOMA CITY -- Devon Energy Corporation (NYSE:DVN) today announced it has signed an agreement with Sinopec International Petroleum Exploration & Production Corporation (SIPC) whereby SIPC will invest $2.2 billion in exchange for one-third...
HEADNOTE Keywords Gas pipeline, Trans-Korean pipeline, GazpromKogas cooperation, Sakhalin-KhabarovskVladivostok gas network, Trilateral cooperation (ProQuest: ... denotes non-USASCII text omitted.) Many observers today frequently ask why Russia has suddenly become interested in sending gas...
Company Monitor Company Analysis Privatisation of the state energy holding company is not on the near-term agenda, even though gas distribution and fuels retailing subsidiaries are listed. Petronas is seen as a strategic...
Company Analysis Nido's rapid rise, driven by growth in production and profits, ground to a halt in 2009 as a result of declining volumes from the company's Galoc field and large losses from...
The Dominican Republic and Qatar have agreed to establish a strategic alliance that will provide the country with natural gas and bring new investments in the areas of tourism and real estate, reports...
By IsraelNationalNews.com A spokesman for the Bahrain-based US Fifth Fleet said Wednesday it will not allow any disruption of traffic in the Strait of Hormuz. "The free flow of goods and services through...
HOUSTON -- ConocoPhillips (NYSE:COP) today announced several future appointments to the executive management team of Phillips 66, the independent downstream company, which will become effective once the company's strategic repositioning is complete in...