TransMontaigne Partners L.P. announced that effective July 8, 2008, Charles L. Dunlap has been appointed to serve as a member of the Board of Directors and will also serve as a member of the Conflicts Committee of TransMontaigne GP L.L.C., the General Partner of the Partnership. The General Partner is responsible for managing the [...]
ConocoPhillips says its global production fell as expected in the second quarter because of planned maintenance, but it benefited from higher oil and natural gas prices.
In an overview of market conditions for the April-June period, ConocoPhillips also said its worldwide refining margins in the second quarter probably improved from the first quarter. But the company [...]
The long-awaited National Oil and Gas Policy which has been lying in Cabinet for over a year has finally been approved.
The draft policy which went to Cabinet about two years ago was delayed because of the need for further consultation with all stakeholders, in order to resolve all outstanding issues.
The policy provides for the administration, [...]
Tokyo Electric Power Co. (9501.TO) will purchase more oil, liquefied natural gas and coal this fiscal year ending March 2008 due to falls in its nuclear power plant operation rates, company president Tsunehisa Katsumata said Friday.
The company plans to buy 17.5 million metric tons of LNG this fiscal year, up 4.2% on year. Of this, [...]
State inspectors have closed a preparation plant and part of a strip mine after finding explosives residue associated with the disposal of old munitions from defense contractor Talon Manufacturing.
Magnum Coal’s Samples Mine cannot reopen those parts of its operation until company officials submit and receive approval of a cleanup plan.
The mine’s preparation plan and an [...]
More than four years after the United States accused North Korea of a covert uranium enrichment program — triggering collapse of a nuclear deal with Pyongyang — the program has receded as an issue and some experts say Washington may have overstated or misread the intelligence.
U.S. officials no longer make a major public issue of [...]
The first trial in France over a major environmental disaster will open on Monday to decide whether oil giant Total and other parties bear responsibility for the massive oil spill from the Erika shipwreck in 1999.
A 25-year-old rusting tanker, Erika was carrying 30,000 tonnes of heavy fuel oil when it sank off France’s Brittany coast [...]
Indonesia is guaranteeing repayment of loans extended to state electricity firm, PT Perusahaan Listrik Negara (PLN), to encourage the building of new coal-fired power plants, the finance ministry said on Thursday.
Indonesia, struggling to cope with electricity shortages, has said it will speed up construction of 10,000 megawatts of coal-fired power plants to add capacity between [...]
Enterra Energy Trust announces that a cash distribution of US$0.06 per trust unit will be paid on February 15, 2007 in respect of January 2007 production. This reduction from the distribution of US$0.12 per unit paid in each of the last six months is consistent with Enterra’s policy of maintaining a conservative payout ratio in [...]
While oil companies reaped gargantuan profits in 2006 amid high prices, U.S. demand for petroleum dipped for the second year in a row, a trade group said Friday.
Total petroleum deliveries, a measure of demand, fell by roughly 1 percent to 20.6 million barrels per day, down from 20.8 million in 2005, which was below the [...]
