The Australian sharemarket has closed higher, with investors encouraged by the recent strength of global markets. At 4.15pm AEDT, the benchmark S&P/ASX 200 index had risen 53.8 points, or 1.11 per cent, to 4889.0 points - its highest ...
WesternZagros Resources has announced a fourfold increase in the Company’s contingent resource estimates at the giant oil discovery on the Kurdamir Block in the Kurdistan Region of Iraq. Shares closed up 2.7 percent on Monday, but ...
Tags: WesternZagros Resources, fourfold increase, contingent resource
International developer EPGI has announced that they have been awarded the development management contract to develop and build the new Basra Oil and Gas International Free Zone in Iraq. The project is the second largest of its kind in ...
Tags: EPGI, Oil, Gas Project
Russia's Gazprom has asked Ukraine's state-run Naftogaz Ukrayiny oil and gas company to pay $7 billion for buying less gas in 2012 than was stipulated under a contract, a source in Naftogaz confirmed Monday. "We have received the bill," the ...
Canton, Ohio-based The Timken Company reported Thursday that sales in Q4 2012 of $1.1 billion were down 15 percent from the same period in 2011 due to lower demand in the company's light vehicle, heavy truck, mining and energy-related end ...
Tags: Timken, 2013 Sales, Q4
Russia-based TMK, a leading global manufacturer and supplier of steel pipes for the oil and gas industry, has run its casing pipes with ТМК PF premium connections in the onshore and offshore parts of the well at the ...
Tags: TMK, steel pipes, oil and gas industry
18th January, 2013 - Xpertick.Com or Xpertick International Corporation, a leading organization in the field of international sourcing and trading company, having branches in different parts of the world, has recently announced it its ...
Tags: Xpertick International Corporation, international sourcing
France's Total has requested permission from the UK's Health and Safety Executive to restart its Elgin-Franklin field complex in the North Sea and hopes to restart production "as soon as possible within the first quarter," the company said ...
China's dependence on foreign crude oil and refined oil products is set to increase, but the government has placed a cap at 61% of total requirements for the end of the current five-year economic plan in 2015, according to a new government ...
Tags: China, crude oil, refined oil products, energy development
Pittsburgh, Pennsylvania-based specialty steelmaker Allegheny Technologies Incorporated reported Q4 2012 sales of $1.1 billion and net income of $10.5 million, which includes a "special charge" or $8.8 million. The special charge reflects ...
Tags: steelmaker, Allegheny Technologies, sales
High-pressure pipelines are used for transporting oil and gas. It is important to test the permeation of the materials used to manufacture the pipelines for a number of reasons. Firstly it is essential to test what levels compounds from the ...
3M Canada has realigned its structure to reflect the global realignment of 3M Company effective January 1, 2013, adding this will better serve Canadian markets and its customers. The new structure is made up of five business groups: 1) ...
Tags: 3M Canada, business groups, company news
The Russian government's energy commission will discuss licensing issues, including changes to the license for the Trebs and Titov field, as well as ways to tackle oil spills at its next meeting, likely to take place in February, Russia's ...
Tags: energy, licensing issues, Russian government
Natural Resource Partners L.P. reported that it has acquired (1) a 48.51% general partner interest in OCI Wyoming L.P. and (2) 20% of the common shares and all of the preferred shares of OCI Wyoming Co. from subsidiaries of Anadarko ...
Effective February 1, 2013, Petrus Ng will be appointed as the new Managing Director of BASF Vietnam Co Ltd. He succeeds Jirawat Thongbai, who will take over the position of Director, Care Chemicals, at BASF in Thailand. Ng started his ...
Tags: Petrus Ng, Managing Director, BASF Vietnam