Bangladesh state-owned Petrobangla has sought permission to re-offer six shallow water oil and gas exploration blocks that attracted no bids in the county's recent bidding round, company chairman Hussain Monsur said Thursday. Monsur said ...
The Philippines' largest oil refiner and marketeer Petron Corp has sold 22 million barrels of oil products in the first quarter of this year, rising 66% from the same period in 2012, the company said in a statement Monday. The increase ...
Tags: Petron, Oil Products
State-owned PetroChina has refuted local reports that it restricted natural gas supplies in some areas of northern China in order to force the government's hand in raising prices and accelerating gas pricing reforms. Local media, ...
Tags: PetroChina, Gas Supplies
Oil futures closed US trading above Friday's settles Monday, after driving higher shortly ahead of the 2:30 p.m. EDT (1830 GMT) NYMEX market settle on geopolitical concerns arising out of the escalating conflict in Syria. NYMEX June crude ...
Tags: Oil Futures, Chemicals
Jamal Abuissa, President and CEO, Omnix According to a recent survey by technology solution provider Omnix, the IT software and services sector in the GCC is forecast to grow between 10 and 25 percent. The survey was made up of a ...
Tags: IT Industry, IT
Local stocks rose 0.6 per cent today as investors piled into banks to take advantage of their dividend yields, and amid optimism that the country's biggest lenders would report rising profits this week and next. The benchmark S&P/ASX 200 ...
Tags: Local stocks, Stockmarket
The sharemarket rose 0.6 per cent yesterday as investors piled into banks to take advantage of their dividend yields, amid optimism the country's biggest lenders would report rising profits this week and next. The benchmark S&P/ASX 200 ...
Tags: sharemarket, Investors Banking
A BRIGHTER end to what was a torrid week for mining stocks helped carry the sharemarket to a modest 0.2 per cent gain yesterday. After making a bold start, the benchmark S&P/ASX 200 index drifted lower throughout the trading session, only ...
Tags: economy
Cemex has signed a research agreement with the Earth Engineering Center (EEC) at Columbia University and the City College of New York, for a study that will investigate the life cycle effects of alternative fuel use in cement manufacturing. ...
Tags: Cemex, Alternative Fuels Study, Construction
Polyolefins prices increased in line with the crude oil prices. But trading slowed down across the global markets despitethe economic stimulus measures. Many buyers and converters bought only enough for production. However, supply in 2012 ...
With oil prices still elevated and operator appetite for offshore drilling seemingly limitless, Central Gulf of Mexico Lease Sale 227 appears headed for vigorous bidding and dollar totals that may match or even surpass 2012's collective ...
Tags: Chemicals, Central Gulf, Mexico Sale
Saudi Arabia produced 9.15 million b/d in February and supplied 9.16 million b/d to markets as output fell by 100,000 b/d over January, but the OPEC kingpin is likely to raise production in the coming months as demand picks up, a Gulf ...
Tags: Oil market, Oil, oil prices
Only a change in the price formation mechanism will reflect the current supply-demand situation for LNG in Asia, not just a bid to reduce the price level, Jonathan Stern, professor at the Oxford Institute for Energy Studies, said at a ...
Tags: price formation mechanism, LNG, Asia
Venezuelan President Hugo Chavez died Tuesday in Caracas after an almost two-year battle with cancer and 14 years of a dominating socialist presidency that leaves the country with the world's largest oil reserves mired in uncertainty. The ...
Speaking at the SteelOrbis Spring 2013 Conference & 68th IREPAS Meeting taking place on March 3-5 in Doha, Adel Al-Mughram, senior marketing manager at Saudi Arabian company SABIC, underlined that oil is critical of Saudi Arabia and crude ...