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updated Sun. May 6, 2018

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Khartoum — The State Minister for Finance and Economic Planning, Dr Abdul Rahaman Dhirar, said five ships loaded with petroleum materials arrived in Port Sudan. The five ships, including two benzene and three gasoline, started offloading their loads and the material stated being loaded to service ...
The writ of prohibition is filed and prayed for by the two lawyers for the high court to place a stay order on the process carried out by the government under the guise of the Liberia Petroleum Refinery Company (LPRC). First to take the stand on behalf of the Srimex Oil and Gas Company was Cllr. Emmanuel ...

Niger Energy and Petroleum Minister Foumakoye Gado said: "The development of the oil and gas industry in the Agadem Rift Basin is expected to be transformative for both the Diffa region and Niger as whole and is a national priority for our country. We are therefore delighted that the Bushiya-1 well has ...
The Petroleum Retailers Association (PRA) is demanding an upward review of profit margins to enable them to stay in business. According to the association, made up of 3,300 members, the revision should be as early as possible and as frequently as the market forces determined. Speaking to the Daily ...
Brooge Petroleum and Gas Investment Company (BPGIC) plans to boost storage capacity for crude and oil products in the Fujairah oil hub in the United Arab Emirates, the UAE-based company said on Monday. BPGIC plans to start building the second phase of its storage terminal in the next few months ...
Juba, 24 April 2017 -- The stability of markets and global oil prices, and therefore the prosperity of our own country, are the priorities of the Transitional Government of National Unity of the Republic of South Sudan and the Ministry of Petroleum. There is no better demonstration of this than our collaboration ...

BANGKOK, April 23 (Reuters) - Thailand will begin auctions on Tuesday for petroleum fields in the Gulf of Thailand, Minister of Energy Siri Jirapongphan said on Monday. After months of delay, the National Energy Policy Committee approved the terms of the auction and will invite bids on the offshore ...
UK oil and gas firm Savannah Petroleum has announced an oil discovery in the Agadem Rift Basin, south east Niger. Savannah said the Bushiya-1 discovery will prompt a multi-well drilling campaign in the region. The UK oil firm confirmed the Bushiya-1 is currently being suspended for future re-entry.
U.S. net petroleum trade, including crude oil, petroleum products, and natural gas plant liquids, has fallen in recent years, reaching 3.7 million barrels per day (b/d) in 2017. This is the lowest level of net petroleum trade (imports minus exports) since 1971. At the same time, total U.S. gross petroleum trade ...
Approval requirement Under Section 10-12(1) of the Petroleum Act (Act 72/1996), the transfer of a petroleum licence (or a participating interest in such a licence)(2) cannot occur without the Ministry of Petroleum and Energy's approval. The approval requirement applies to all types of petroleum licence ...
Matra Petroleum ("Matra") plans to double its capital expenditures in 2018 to MUSD 11 (2017: MUSD 5.2) and accelerate drilling and development activities on the company's leases in the Texas Panhandle. Starting in May through 2018, the company plans to drill 24 new wells to increase oil and gas ...
Hibiscus Petroleum secures second revenue stream with completion of the transaction to acquire 50% participating interests in the North Sabah PSC from Shell. Operatorship of the assets have been transferred from Shell to SEA Hibiscus. Significant boost in Hibiscus Petroleum's oil production and 2P ...
BENGALURU: Bangalore Chamber of Industry and Commerce has sought the intervention of GST Council to arrest the rising prices of petroleum products by bringing petroleum products under the GST. In the two-month span, petroleum prices have increased by Rs.15 per litre of petrol in Bangalore while it ...
20 action, with the majority arguing Trio Petroleum had followed all the county's guidelines in pursuing the test wells and there was no legitimate reason to deny the use permit application. The test well permit is good for 18 months of operation per well, and if any of them show enough promise to warrant ...
With the Rays set to take on the Yankees in a rainy, windy and cold Yankee Stadium on Tuesday, Tampa Bay outfielder Kevin Kiermaier needed to come up with a way to stay warm. Enter: petroleum jelly. #Rays Kiermaier will try something new today to combat cold weather vs #Yankees - covering his ...
OPINION: Pare petroleum taxes — but not just yet New Delhi: As news of petroleum fuel retail prices hitting new highs every passing day hits the consumer, expectation builds up that the government would cushion the impact by paring the tax component in the final retail price. The government should meet ...
The Petroleum Building project is keeping in pace with development downtown. “This is how we'd like to see it grow, and this certainly fits within that picture” Hara added. The process of turning the Petroleum Building into a 49 unit apartment building will begin approximately summer 2019. The Longview ...

The Petroleum Hub, which is a twelve-year development project, if established is expected to increase the presence of major international oil trading and storage companies, create regional trading champions and encourage joint ventures between local and international companies for Foreign Direct ...
ISLAMABAD, Apr 1 (UrduPoint / Pakistan Point News - 1st Apr, 2018 ):Government has announced to decrease the prices of petroleum products for this month. According to a notification of Finance Ministry, price of Petrol has been reduced by 2.07 rupees per liter bringing it to 86 rupees, Radio Pakistan ...
The government Saturday decided to reduce prices of petrol and diesel by Rs 2.07 and Rs 2.00 per litre respectively for the month of April 2018. ISLAMABAD, (UrduPoint / Pakistan Point News - 31st Mar, 2018 ):The government Saturday decided to reduce prices of petrol and diesel by Rs 2.07 and Rs 2.00 ...
The federal Bureau of Land Management has published a draft environmental impact statement for ConocoPhillips' proposed Greater Mooses Tooth 2 development in the northeastern National Petroleum Reserve-Alaska. The EIS supplements an earlier EIS, published by BLM in 2004, for the development ...
It could be a sign of a toughening of enforcement in Canada. A company in Saskatchewan was recently fined $150,000 for improper storage of petroleum hydrocarbons under the Storage Tank Systems for Petroleum Products and Allied Petroleum Products Regulations, made pursuant to the Canadian ...
In 2006, following 35 years of declining U.S. oil production, net monthly imports of crude oil and finished products had climbed to more than 13 million barrels per day (BPD). What's happened since is nothing short of amazing. Last week, the Energy Information Administration (EIA) reported that U.S. crude ...
The long-awaited Petroleum Industry Governance Bill (PIGB), is set for a second trip to the presidency following its passage by the National Assembly. A joint Conference Committee headed by Senator Donald Alasodura- Ondo Central, presented its report to a joint seating of the National Assembly, after ...
Continuing our weekly series, Open Insights, we'll take a look at the EIA's Weekly Petroleum Status Report (“WPSR”) for the week of March 23, 2018. EIA reported a crude inventory build of 1.6M barrels for the week as imports climbed to an above average amount and despite refinery utilization and crude ...
Oil marketers and the Organised Private Sector [OPS] on Sunday, canvassed for two regulatory bodies to regulate the oil industry under the Petroleum Industry Governance Bill [PIGB] currently before the National Assembly. The oil marketers disclosed this at a joint media briefing with the OPS in Lagos.
The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, has lamented the incessant vandalism of the Aba-Enugu products' pipeline, which has suffered about 700 breaches. According to him, this has hampered efficient supply and distribution of petroleum products not only ...
The federal government is planning to toughen up on allowable deductions under the Petroleum Resources Rent Tax but is expected to exempt existing projects from the new regime to avoid the creation of sovereign risk. Sources have said the changes, to be announced at or around the May budget, will ...
The Ministry for Petroleum & Natural Gas has to persuade not only the investors, but also the South Block, which houses the Prime Minister's Office, for making the oil and gas exploration business lucrative. A major challenge coming in the way has been the existing norm that restricts the contractor from ...
Muscat: The total production of refineries and petroleum industries rose 25.8 per cent at the end of February 2018 compared to the output recorded during the same period in 2017, according to statistics ... The Sultanate's production of the liquefied petroleum gas (LPG) rose 51 per cent to 944,000 barrels.
The Alaska Department of Natural Resources, Division of Oil and Gas, said March 15 that it intends to evaluate an oil and gas exploration license proposal for the Nenana area. The division put out a call for proposals for oil and gas exploration licenses in the Nenana area in January, following a pr.
CPG will also take advantage of PDI Petronet—a customer portal designed to reduce the strain on petroleum marketers' accounts receivable departments and better manage their dealer, cardlock, commercial and residential customer relationships in a web-based environment. In addition, the company will ...
Crude prices that have rebounded from their steep decline have helped fuel a sharp increase in the Texas Permian Basin Petroleum Index. Karr Ingham, the Amarillo economist who prepares the index, reported the January index posted its 16th consecutive monthly increase and is 29.6 percent higher than ...
The Petroleum Corporation of Jamaica (PCJ) is assuring that environmental preservation will be the highest priority during the entity's search for oil and gas on Jamaica's south coast. Speaking at a recent JIS Think Tank at the Agency's head office in Kingston, PCJ's Oil and Gas Manager, Brian Richardson, ...
A month ago, Cheniere Energy signed a 25-year LNG supply deal with state-owned China National Petroleum Corp. for 1.2 million metric tons a year ... Interest in B.C. has also been attracted by a prospective shuffle of assets involving Chevron and Australia's Woodside Petroleum, which are looking for a ...
But environmentalists say Norway fails to adequately consider the role its petroleum plays in propping up global dependence on fossil fuels. For all its greenness, Norway has not been a good member of the global "keep it in the ground" climate movement, preferring instead to take it out of the ground — or ...
The stock of SHAMARAN PETROLEUM CORPORATION ORDINARY (OTCMKTS:SHASF) registered a decrease of 5.61% in short interest. SHASF's total short interest was 58,900 shares in March as published by FINRA. Its down 5.61% from 62,400 shares, reported previously. With 5,500 shares average ...
For Whiting Petroleum Corporation, irrespective of whether the earnings move was up or down, if we waited two calendar days after the stock move, and then sold a one-month out of the money put spread, the results were simply staggering. We use two-days to allow the stock to fully reach equilibrium post ...
National Oil Companies (“NOCs”) in conjunction with International Oil Companies (“IOCs”) typically develop these petroleum resources and the legal regime governing the relationship between a NOC and an IOC varies depending upon the project, the resource and the host country. Historically, host ...
KARACHI: Byco Petroleum Pakistan Limited, while re-commissioning its oil refinery, has announced that it will set up two more refineries to capitalise on domestic demand for petroleum products. Byco re-commissioned a catalytic reformer at its oil refinery, ORC-2, enabling the company to convert 24,000 ...
Not many know that Occidental Petroleum (OXY) is the largest operator by far in the Permian Basin. Occidental has a long history there as an operator. There are two large divisions in the Permian. The EOR (Enhanced Oil Recovery) focuses on flooding techniques to literally "wash out" older zones.
While the government is considering whether to make changes amid declining revenue from the Petroleum Resource Rent Tax (PRRT), major companies like Chevron Australia Pty Ltd, ExxonMobil Australia Pty Ltd, Shell Australia Pty Ltd, and Woodside Energy Limited have pushed hard against a major ...
The Ghana National Petroleum Corporation (GNPC) has released $1m for the establishment of a Research Chair in Petroleum Commerce at the Institute ... Professor Joseph Ghartey Ampiah, and the Chief Executive of the Ghana National Petroleum Corporation (GNPC), Dr K. K. Sarpong, in Cape Coast on ...
Iranian Artists Forum will have a single screening of 'There Will Be Blood', helmed by Paul Thomas Anderson on March 21. Silver miner Daniel Plainview leads a hardscrabble life with his son. When he hears about oil oozing from the ground near the western town of Little Boston, Daniel takes his son on a ...
Whiting Petroleum (WLL) is definitely not looking like it can thrive or even survive in the longer term in current oil price conditions, given its past financial performance. All the stories of shale resilience seem very misplaced when looking at the operating results of companies such as this one. There are ...
Rusty Hutson from Diversified Gas & Oil (LON:DGO) tells Proactive daily gas production has doubled following the acquisition of Appalachian Basin gas producer Alliance Petroleum. The deal has now completed for a total consideration of US$95mln (£66.9mln) comprising the purchase price of US$70mln ...
(RTTNews) - The economic upturn in Norway will be driven by increase in investment in the petroleum industry and higher global growth, Statistics Norway said in a report on Thursday. Although investment in the petroleum industry continued to decrease throughout 2017, the decline appears to be at an ...
WELLINGTON, March 8 (Xinhua) -- Higher sales volumes for petroleum and coal product manufacturing helped boost manufacturing in the December 2017 quarter, New Zealand's statistics department Stats NZ said on Thursday. The total volume of manufacturing sales rose 1 percent in the December ...
THE Government on Tuesday signed an agreement with Mexico for that country to provide the Jamaican petroleum industry with training opportunities and technical services. The agreement came after the Ministry of Foreign Affairs and Foreign Trade wrapped up bilateral talks with Mexican officials that had ...
Rusty Hutson, chief executive, said: “Alliance Petroleum adds high-quality assets that complement our existing portfolio, as well as an experienced operating team. “Collectively, we now turn our attention to the integration and optimisation of these assets, leveraging our expanded footprint to drive ...


 

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