The anti-corruption group Transparency International rated more than 40 energy companies on how much they disclose about where they get their revenue, how much they pay host governments and how they operate.
The survey gave low grades to Exxon Mobil but praised Shell and Petrobras.
Royal Dutch Shell PLC, Brazil’s Petrobras, Norway’s StatoilHydro ASA and Petro-Canada are [...]
China aims to produce 193 million tonnes of oil and 92 billion cubic metres of natural gas by 2010, according to an energy blueprint released by the National Development and Reform Commission (NDRC) on April 10.
While the target represents a mere 5% growth in oil output compared to last year, or 2.12% in annual growth, [...]
China Petroleum & Chemical Corp., Asia’s biggest oil refiner, said first-half profit may rise more than 50 percent on increased sales of fuels and chemicals.
The forecast from Sinopec, as the Beijing-based company is known, came as it said first-quarter profit more than doubled from a year earlier. Net income climbed to 19.4 billion yuan ($2.5 [...]
Iran’s Pars Oil and Gas Company (POGC) and the National Iranian Drilling Company (NIDC) on Saturday signed a drilling deal on the North Pars (NP) gas field, MNA reported.
The companies inked a five-year contract on drilling activities at the North Pars gas field, 120 km southeast of Bushehr, southern Iran.
Under contract, the NIDC [...]
Two Iranian companies are to sign a contract on drilling operations at Iran?s southern North Pars (NP) gas field, the Mehr News Agency reported.
The Pars Oil and Gas Company (POGC), the Iranian company in charge of the development of the North Pars gas field is to sign a drilling contract with the National Iranian Drilling [...]
Two Iranian companies are to sign a contract on drilling operations at Iran’s southern North Pars (NP) gas field tomorrow, the Mehr News Agency reported on Friday.
The Pars Oil and Gas Company (POGC), the Iranian company in charge of the development of the North Pars gas field is to sign a drilling contract with the [...]
Heavy drilling equipment that was used in off-shore oil drilling by Australia’s Woodside Energy off the Lamu Coast was on Friday loaded into a cargo freighter at the Moi Airport, Mombasa.
The aircraft was scheduled to fly out of Mombasa and head to Perth, the head office of oil exploration company, Woodside Energy.
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CNOOC Limited announced its business strategy and development plan for year 2007.
The total targeted net production of CNOOC Ltd. in 2007 is 162-170 million barrels of oil equivalent (BOE). The Company’s net production for 2006 is estimated to be 165-168 million BOE(with WTI at US$65.74/barrel).
During the year, five projects are expected to come [...]
A Chinese oil company signed contracts here Monday with the Myanmar Ministry of Energy on conducting crude oil and natural gas exploration at three deep-sea blocks off Myanmar’s western Rakhine coast, signifying a fresh foreign involvement in Myanmar in the sector in the year-open of 2007.
Under the production sharing contracts signed between the China National [...]
Equipment to be used in prospective oil drilling off the Lamu Coast has arrived at Mombasa Port.
MV Thor Hanne, a general cargo vessel, docked in at the port after arriving from Singapore on Thursday. Equipment from the ship will be stored at a supply base for the oil drilling rig, called Chikyu, which is expected [...]
