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Oil

Top 20 Oil Companies Improved Cash Flow By $34 Billion
It is true that in recent years oil companies have collectively outspent their revenues. But two important issues are often overlooked in the stories about nega…
EU And Britain Condemn US Oil And Nuclear Sanctions On Iran
The United States' allies in Europe have criticised its recent decisions to restrict oil trade with Iran and to limit the extension of waivers.
India's New Thrust on Oil And Gas Hunting: Prospects And Challenges
The latest policy change is a big step to attract both domestic and foreign players to the oil and gas sector in order to raise domestic production.
Nigeria: NNPC & MOMAN Strengthen Alliance
The Nigerian National Petroleum Corporation (NNPC), in order to ensure smooth supply of fuel products across the country, has reinforced its partnership with fu…
Myanmar: SPC Rolls Out First Fuel Service Station
Singapore Petroleum Company (SPC) has collaborated with Shwe Taung Group’s Shwe Taung Energy which operates fuel and diesel distribution centers across the cou…
Thermal Plant
CEB Runs After Suppliers to Fuel Thermal Power Generators
The Ceylon Electricity Board is seriously considering available options in purchasing furnace oil or diesel from international suppliers such as Lanka IOC other…
PDPU to Rope in Oil Companies to Harness Geothermal Energy
The state is now exploring geothermal renewable energy and it is ready to set up its first geothermal power plant of 10-20 kilowatt capacity.
Occidental Inks $8.8 Billion Deal to Sell Anadarko's African Oil and Gas Assets to Total
Occidental is competing with Chevron, a much larger rival, to take over Anadarko. Occidental would sell Anadarko’s assets in Algeria, Ghana, Mozambique and Sou…
Trump Issues Updated Presidential Permit for Keystone XL Pipeline
The move was seen as an attempt to jump-start the project’s construction after a federal judge in Montana blocked it in November and ordered further environmen…
Johan Sverdrup Offshore Installation Completed On Schedule
During phase 1, Johan Sverdrup will produce 440 Mbopd when plateau production is reached, increasing to 660 Mbopd after phase 2 commences in the fourth quarter …

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