President Evo Morales trumpeted the completion of his ambitious natural gas and oil nationalization plan on Sunday, though key issues remained to be addressed with Brazilian state energy giant Petrobras, Bolivia’s largest investor.
Petroleo Brasileiro SA, or Petrobras, was one of seven foreign companies that signed new deals, just after a midnight deadline Sunday, allowing them […]
Bangchak Petroleum yesterday posted a huge net loss of Bt1.54 billion for the third quarter, due mainly to a change in the method the company uses to account for its inventory costs.
It posted a net profit of about Bt1.1 billion in the corresponding period last year.
However, its consolidated earnings for the quarter recorded a net […]
Victoria Petroleum has plans to drill ten wells over the next six months in its core South Australia and Queensland Cooper Basin permits.
Starting in early December 2006, the first of these the ten wells, Wirraway-1, will commence drilling in South Australian permit PEL 104, four kilometers from the recent Growler-1 oil discovery, testing the Wirraway […]
Petroleum Marketing Group, Inc. has completed the acquisition of Corner Mart convenience stores, a 10-store chain operated by Bagwell Oil Co.
The stores are located on the eastern shore of Virginia, and will be operated by Maryland-based Petroleum Marketing, an oil company jobber operating and supplying fuels to more than 150 petroleum marketing and convenience stores.
Bagwell […]
TORONTO - Leonard Allen, who runs a small solar-panel company here, finally has something good to tell callers, he says. For the first time, he can promise it won’t take 50 years to recoup the money they spend on a rooftop solar system.
Canada’s Ontario province has ordered local utility companies to pay homeowners or businesses […]
China and Indonesia signed a memorandum of understanding (MOU) on Saturday concerning cooperation in the energy and mineral resources sectors.
Chinese Vice Premier Huang Ju and visiting Indonesian President Susilo Bambang Yudhoyono attended the signing ceremony held at the second Sino-Indonesian energy forum, which opened in Shanghai on Saturday.
Huang said the forum will create a favorable […]
Equipment to be used in prospective oil drilling off the Lamu Coast has arrived at Mombasa Port.
MV Thor Hanne, a general cargo vessel, docked in at the port after arriving from Singapore on Thursday. Equipment from the ship will be stored at a supply base for the oil drilling rig, called Chikyu, which is expected […]
TREMONT, PENNSYLVANIA - An explosion Monday in an eastern Pennsylvania coal mine killed at least one person, officials said. “We have one confirmed fatality,” said Kurt Knaus, a spokesman for the state Department of Environmental Protection. “I believe it is a recovery and not a rescue operation.”
He said the blast happened at the R&D […]
Origin Energy Resources (Kupe) Limited said that the Ensco 107 drilling rig for the Kupe Gas Project is now expected to arrive in June 2007, delayed from the original planned date of March 2007.
Project Director for the Kupe Gas Project, Mr. Peter Ashford said “This delay does not affect our critical path and the Project […]
Orchard Petroleum says the new drilling program at the Forbes Project has commenced with the spudding of the South Buckeye 1-18 well. The Forbes Project is located in the Sacramento Basin which is in the northern part of California.
The Kenai # 3 rig began drilling the South Buckeye 1-18 well on October 24th and has […]