Despite persuasion by the US mission in Dhaka, the Energy Division is determined to continue its battle in the local court to settle the dispute with US company Chevron Bangladesh over its Jalalabad and two other gas fields concerning wheeling charge, reports UNB.
“We want to settle the issue in the court… the law will take [...]
Abu Dhabi National Oil Company (ADNOC), the energy giant of the United Arab Emirates (UAE), signed on Sunday a memorandum of understanding (MoU) with a Japanese bank to set up a comprehensive partnership in the oil and gas sector.
The document between ADNOC and the Japan Bank for International Cooperation (JBIC) was signed in the presence [...]
CREDO Petroleum Corporation reported that it has terminated the agreement between CREDO and Redman Energy Holdings II, L.P., effective May 1, 2007. The purpose of the agreement was to drill wells into under-pressured reservoirs for the purpose of using CREDO’s patented Calliope Gas Recovery System to recover stranded gas reserves. The joint venture committed Redman [...]
Cavico Corporation announced that on April 24th, 2007 it formed a partnership with Petro Vietnam, Vinalines, Petro Vietnam Insurance Co., Petro Vietnam Financial Co. and Global Petro Joint Stock Bank to invest in the expanding petroleum services and shipping industry within Vietnam.
Sao Mai - Ben Dinh will develop an economic zone consisting of ports, [...]
Pilgrim Petroleum Corporation and its alliance with Huizhou Engineering Co. Ltd and SEWAN Ltd; the Alliance named GHS Energy along with General Energy will have access and general presence in Canada and China for oilfield services properties and royalty owners. The parties involved on the new alliance have come together in a mutual interest to [...]
Addax Petroleum Corporation (”Addax Petroleum” or the “Corporation”) (TSX: AXC) announces today the successful syndication of its previously announced 5-year senior secured reducing revolving debt facility. Due to the high level of interest from participating financial institutions and continuing growth of Addax Petroleum, the facility size was increased from US$1.5 billion to US$1.6 billion. The [...]
Cameco Corp., the world’s largest uranium producer, said first-quarter profit fell 47 percent from a year earlier, when utilities stocked up on the metal. Cameco forecast higher sales in the second quarter.
Net income fell to C$59 million ($53 million), or 16 cents a share, from C$112 million, or 30 cents, a year earlier, Saskatoon, Saskatchewan-based [...]
Out-going Education Minister, Mrs. Obiageli Ezekwesili has said the Federal Government had approved a take-off grant of N1 billion for University of Petroleum Resources, Effurun, Delta.
Ezekwesili, who made this known in Abuja, at the inauguration of the governing council of the university, said the amount was to assist the institution in providing the necessary facilities [...]
If it’s news to you, you’re not alone. Livermore National Laboratory has been testing radioactive devices – exploding depleted uranium and tritium into the open air – just 50 miles east of San Francisco since 1961. And now the lab has a permit to raise the amount of radioactive material they detonate yearly from 1,000 [...]
Goodrich Petroleum Corporation today announced that it has scheduled a conference call on Thursday, May 10, 2007, at 11:00 AM, Eastern Time, to discuss its first quarter 2007 operations and earnings. The Company plans to issue its first quarter 2007 earnings release on Wednesday, May 9, 2007 after the close of trading on the NYSE. [...]
