Kuwait’s Crude Oil Exports to Japan Down 24.9 pct

Friday, February 26th, 2010

The Japanese government said Friday that Kuwait's crude oil exports to Japan fell 24.9 % in January from a year earlier to 7.74 million barrels, or 250,000 barrels per day ...


Petrobras Oil and Gas Production

Thursday, February 25th, 2010

Oil and Gas Production: January 2010 Rio de Janeiro, February 24 2010 – Petróleo Brasileiro S.A. – Petrobras informs that its average daily production in January 2010 was 2,525.8 thousand barrels ...


UAE Crude oil production rose in December

Thursday, February 4th, 2010

Crude oil production in the UAE in Dec-ember rose marginally over the previous month to 2.28 million barrels per day (bpd) with the country's compliance with production cuts previously announced ...


From crude oil to geothermal power

Tuesday, February 2nd, 2010

Wintershall provides water park in the Pfalz town of Landau with geothermal power from a former crude oil reservoir 1,100 meters underground Landau. From the summer of this year, Germany’s largest ...


NNPC, Daewoo Sign $100m Oil Lifting Contract

Wednesday, January 27th, 2010

The Nigerian National Petroleum Corporation (NNPC) has signed a one-year agreement with South Korean company, Daewoo Shipbuilding & Marine Engineering Co. (DSME) for shipping of crude oil worth $100 from ...


Indian Petroleum Minister Arrives in Kharotum January 24

Monday, January 25th, 2010

Indian Petroleum Minister Murli Deora on Sunday arrived here for a two-day official visit to sudan , his first leg of his whirlwind four-nation tour of the African continent to ...


Production of 4m barrels of oil possible in 2010, says minister

Tuesday, January 19th, 2010

Odein Ajumogobia, minister of state for petroleum, on Monday said the target of producing four million barrels of crude oil per day in 2010 was realisable. Ajumogobia spoke while inaugurating the ...


Chevron and Nippon Oil Corporation Sign Gorgon Natural Gas Agreement

Thursday, January 7th, 2010

Agreement builds on series of recent agreements for natural gas delivery to customers in Asia SAN RAMON, Calif., Jan 07, 2010 (BUSINESS WIRE) -- Chevron Corporation (NYSE:CVX) today announced that its ...


Crude oil is coming - President Mills

Friday, October 23rd, 2009

President John Evans Atta Mills on Thursday gave strong indications that the Tema Oil Refinery (TOR) would soon receive crude oil to commence full operations, when he visited the Refinery ...


CME Group Announces the Launch of New Options Contracts on Futures Strips for Natural Gas, Crude Oil, Electricity and Coal

Thursday, October 15th, 2009

CME Group, the world's largest and most diverse derivatives marketplace, today announced the launch of trading and clearing services for seven new options contracts on underlying futures strips for natural ...


Wintershall on growth course

Tuesday, October 6th, 2009

Substantial increase in oil and gas production/ Yuzhno Russkoye reaches plateau production/ Further expansion of North Sea operations Buenos Aires. The German crude oil and natural gas producer Wintershall is continuing ...


Tema Oil Refinery to take delivery of 1.5 million barrels of crude oil from Nigeria.

Wednesday, September 30th, 2009

 The Tema Oil Refinery (TOR) would, by the end of next week, take delivery of the first consignment of 1.5 million barrels of crude oil from Nigeria. Dr Kwame Ampofo, Acting ...


John Watson Named Chairman and CEO of Chevron Corporation

Wednesday, September 30th, 2009

Dave O’Reilly to Retire After 41 Years of Distinguished Company Service; George Kirkland Named Vice Chairman, Retaining Oversight of Global Upstream Operations SAN RAMON, Calif.--(BUSINESS WIRE)--Sep. 30, 2009-- The board of directors ...


US crude for November delivery is $71.63 a barrel on the New York Mercantile Exchange ,London Brent crude $70.22 a barrel.

Wednesday, September 23rd, 2009

Nigeria's crude oil production averaged 2.09 million barrels per day in the second quarter, up from 2.01 million bpd during the same period last year, the National Bureau of Statistics ...


Chevron and KOGAS Sign Gorgon Gas Deal

Tuesday, September 15th, 2009

Australian subsidiaries of Chevron Corporation (NYSE:CVX) and Korea Gas Corporation (KOGAS) have signed a Heads of Agreement (HOA) in Perth last night for the delivery of 1.5 million tonnes per ...


Oil News ; Angola has overtaken Nigeria as Africa’s biggest oil producer ; Federal Government of Nigeria yesterday set a benchmark of $50 per barrel of crude oil and four million barrels per day production for the 2010 budget

Thursday, July 23rd, 2009

Tema, Ghana: In this gritty port city in eastern Ghana, the country’s only oil refinery currently processes 45,000 barrels of crude per day, mostly from other West African countries such ...


New York’s main futures contract, light sweet crude for delivery in August, climbed 32 cents to US$64.30 (S$92.80). The August contract will expire later on Tuesday. Brent North Sea crude for September delivery rose eight cents to US$66.52.

Tuesday, July 21st, 2009

------------- The Committee of the Indigenous Associations of Lagos State, have condemned the attack by the Movement for the Emancipation... of Niger Delta (MEND) on the Atlas Cove oil facility in ...


Oil News from around the web, Crude oil for August 2009 delivery was traded at $64.19 a barrel, up $0.14; Nigeria’s crude oil production capacity is expected to decline to 2.46 million

Wednesday, July 8th, 2009

Movement for the Emancipation of Niger Delta (MEND) on Sunday blew up a crude oil facility belonging to the United States oil major, Chevron. The militant group also seized a chemical ...


NNPC DISCOVERS MORE CRUDE OIL

Tuesday, June 30th, 2009

The Nigerian Petroleum Development Company (NPDC), the Exploration and Production arm of the NNPC has discovered Oil from its Oil Mining Lease (OML) 64, otherwise known as Kukaku-1 well. The ...


Oil News from around the web, US crude settled down 15 cents, or 0.21%, at $70.47 a barrel, trading from $69.80 to $72.77. London Brent crude ended unchanged at $70.24 a barrel, trading from $69.55 to $72.40.

Wednesday, June 17th, 2009

China will start to build oil and gas pipelines through Burma in September to shorten the journey time for crude imports from the Middle East and Africa. The section of the ...


Oil News from around the web, US crude rose $1.28 cents to $71.90 by 1122 GMT after falling below $70 earlier in the day. London Brent crude rose $1.37 to $71.61

Tuesday, June 16th, 2009

The Chinese National Petroleum Corp. announced plans to begin drilling operations at the Azadegan oil field in Iran, one of the largest in the world. CNPC said it signed a $2 ...


Oil News from around the web, Brent crude for July 2009 delivery dropped as much as 51¢, or 0.7%, to $70.41 a barrel on London’s ICE Futures Europe exchange;Crude oil for July 2009 delivery fell as much as 64¢, or 0.9%, to $71.40 a barrel

Monday, June 15th, 2009

Over the weekend the Movement for the Emancipation of the Niger Delta (MEND) said that it had attacked more than one facility belonging to US major Chevron in the Niger ...


Oil News from around the web, U.S. light crude for July delivery rose 84 cents to $70.85 a barrel. London Brent crude gained 55 cents to $70.17

Wednesday, June 10th, 2009

)))Abu Dhabi official crude selling price down 52.06% The official selling price of Abu Dhabi's crude oil grades averaged US$59.49 a barrel in May, down 52.06 per cent from an average ...


Chevron Completes Sale of Marketing Business in Kenya

Monday, June 1st, 2009

Chevron Corporation (NYSE:CVX) today announced that its subsidiary, Chevron Africa Holdings Ltd., has completed the sale of Chevron Kenya Ltd. to Total Outré Mer. Chevron announced the initial sales agreement ...


Talisman Energy Announces a Significant Discovery in Colombia

Wednesday, May 20th, 2009

CALGARY, ALBERTA--(Marketwire - May 20, 2009) - Talisman (Colombia) Oil & Gas Ltd., a wholly owned subsidiary of Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) ("Talisman"), has announced a significant gas condensate ...


Crude Oil Explained

Tuesday, May 12th, 2009

Major trading centers of crude oil The major trading centers of crude oil in the world are New York Mercantile Exchange (NYMEX), CME International Petroleum Exchange of London (IPE) Tokyo Commodity Exchange (TOCOM) Types of ...


Sinopec Corp. Announces 1Q 2009 Results

Thursday, May 7th, 2009

China Petroleum & Chemical Corporation (“Sinopec Corp.” or “the Company”) (CH: 600028; HKEX: 386; NYSE: SNP; LSE: SNP) today announced its unaudited results for the first quarter of the year ...


Oil News from around the web, $50 per barrel is too low for continued investment;Nigeria-Europe gas pipeline sparks fresh interest

Monday, April 27th, 2009

))))) The Organisation of Petroleum Exporting Countries (OPEC) has warned that the current crude oil price, which hovers around $50 per barrel is too low for continued investment. The 12 member ...


Oil News from around the web, Oil prices gain ground at $53, Sonatrach earned over $10 billion

Wednesday, April 15th, 2009

)))))Oil prices gain ground at $53 Oil prices rebounded on Tuesday, supported by rising stock markets, upbeat results from US bank Goldman Sachs and hopes for a pick-up in world energy ...


Chevron Completes Sale of Marketing Businesses in Uganda

Wednesday, April 1st, 2009

SAN RAMON, Calif.--(BUSINESS WIRE)--Apr. 1, 2009-- Chevron Corporation (NYSE: CVX) today announced that its subsidiary Chevron Africa Holdings Ltd. completed the sale of 100 percent of its shareholding in Chevron ...


Chevron Completes Sale of Fuels Marketing Business in Brazil to a Subsidiary of Ultrapar Participacoes

Wednesday, April 1st, 2009

Chevron Corporation (NYSE:CVX) today announced that two of its subsidiaries completed the sale and transfer of their fuels marketing business in Brazil to a subsidiary of Ultrapar Participações S.A. (Ultrapar). ...


Oil News from around the web, GNPC announces discovery of more oil, Energy supply crunch without prompt investment

Wednesday, March 25th, 2009

The price of OPEC basket of twelve crudes stood at 50.44 dollars a barrel on Tuesday, compared with $50.18 the previous day, according to OPEC Secretariat calculations -GNPC announces discovery of ...


PETROBRAS, Financial Market Report

Monday, March 9th, 2009

PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces: .Fourth Quarter Results and the Fiscal Year 2008 - Financial Market Report ...


Oil News, w/e 02/05,IFC clarifies approval of loan to Tullow and Kosmos, Chevron to delay key projects in Nigeria

Thursday, March 5th, 2009

TOR Oil Don’t forget TOR when oil production starts - Nigeria High Commissioner advices Tema, March 3, GNA - Senator Musilu Obanikoro, Nigeria High Commissioner to Ghana has advised the government of ...


New energy source comes onstream at Sakhalin II

Wednesday, February 18th, 2009

Russian President Medvedev inaugurates the first LNG plant in Russia. Yuzhno-Sakhalinsk, 18 February 2009:  President Dmitry Medvedev today opened Russia's first liquefied natural gas (LNG) plant built by Sakhalin Energy Investment ...