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Two electricity transmission lines to Turkmenistan and Azerbaijan will be set up by March 20, which marks the end of the current Iranian year of 1386, based on a policy to expand links with neighboring states.
An official in charge of power...
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Richard Crofoot stoically told jurors today how he’d seen friends killed in Vietnam, but his lower lip trembled and his voice cracked when he talked about his friend Danny Hogan, who died in the March 2005 explosion at BP’s Texas City...
Russia’s natural gas will be supplied to Belarus in the first quarter of 2008 at the price of $119 per 1,000 cubic meters, a high-placed source in the Russian energy giant Gazprom said Saturday.
“Despite earlier agreements on the price for...
Saipem has become the latest contractor to the offshore oil and gas industry to make a move into specialist deepwater field-development vessels, after the company declared Friday it would invest a‚¬380 million ($558 million) on an ultra-deep ship. ...
Malaysia’s national oil company has been cleared to begin building oil platforms and share in pipeline construction in Turkmenistan, local television reported Friday.
“President Gurbanguly Berdymukhamedov has approved plans by Petronas to...
The International Energy Agency, an adviser to 27 nations, said signs of rising OPEC supply have helped lower prices from a record near $100 a barrel in the past month, boosting prospects for winter heating fuel consumers.
Global demand in 2008 is...
Sibir says that the crude oil production rate at its Salym fields has exceeded 110,000 barrels per day (bopd), a new record. The Salym fields are located in western Siberia and are operated by Salym Petroleum Development NV (SPD), Sibira’s 50:50...
Regal Petroleum says that initial flow testing of its first exploration well, RBN-4, in the Barlad Concession in Romania, where the Company holds a 100% working interest, has resulted in a maximum flow rate of dry gas at a rate of 3.74 MMscf/d on a 12mm...
China’s refiner Sinopec Corp. will triple its import of crude from Iran next year, boosting its share of crude from OPEC’s second largest producer.
Its state-run parent company, Sinopec Group, currently importing 60,000 barrels per day...
Oil futures fell today as investors, expecting an ongoing price slide, sold to lock in profits from the previous session’s big gains. Crude prices spiked 5 percent on Wednesday, but two causes of that swing evaporated Thursday when the dollar...
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