CREDO Petroleum Corporation updated operational activities. James T. Huffman, President, stated, “Since the last operational update, we have made good progress on both our drilling and Calliope projects. CREDO has recently drilled seven wells of which four are producers, yielding a 57% success rate. A total of eight new wells are either awaiting completion or [...]
The program, which will be held in Dubai from 10 to 15 May 2008, is the first time it will be offered in the region.
The program uses current oil and gas industry examples to examine how management strategies and styles have changed as companies and workforces become more global and diverse.
With dramatic changes currently occurring [...]
ALBA is seeking more than $1 billion (BD378 million) in damages from a US corporation it has accused of corruption, it has emerged.
Court documents obtained by the GDN allege the company paid exorbitant prices for alumina, amounting to hundreds of millions of dollars and which continue to accumulate today.
They state the ‘outrageous’ 15-year fraud [...]
The Australian reported that BHP Billiton is in talks to take up a 25% stake in a A$615million (US$733million) bauxite mine and alumina refinery in India`s eastern Orissa province. The deal would be BHP Billiton`s first project in India.
It also reported that Zinifex Ltd and its Belgian partner Umicore Group are believed to have appointed [...]
In a dire forecast, the Paris-based International Energy Agency is warning of an impending crunch in the supply of oil and natural gas needed to power world economic growth in coming years.
The IEA is the energy watchdog of the world’s 26 most-advanced economies, and its pessimistic assessment is contained its latest annual medium-term forecast to [...]
Chesapeake Energy Corp. is dropping its support for a series of controversial “Coal is Filthy†advertisements in Texas.
Tom Price, a Chesapeake Energy vice president, said today, “The reason that we’re dropping the support is, it (the advertising campaign) was intended to further the discussion about our nation’s energy supply and whether clean coal at this [...]
Crude oil dropped on speculation that supplies from OPEC and other producers are sufficient to meet increased heating demand caused by a cold snap in the U.S.
Temperatures in the U.S. Northeast, where 80 percent of the nation’s heating oil is consumed, will be below normal through Feb. 21, the National Weather Service said. OPEC may [...]
Copper and other key industrial metals prices were firm on the London Metal Exchange on Friday as traders assessed the likelihood of fresh Chinese buying.
“We’ve seen copper correcting then holding at a level, but our view is that there will be Chinese buying after their New Year holidays,” a fund manager said.
Copper ended the day [...]
Copper traded higher on Tuesday as stocks in London Metal Exchange warehouses fell and analysts said prices might keep rising if this trend persisted.
“If that were to continue… more downs than ups in visible stocks, then there would be one or two shorts around that might give us a base in these markets as they [...]
Oil prices rebounded Friday amid cold weather in the United States, a major consumer of heating oil, and as traders watched for signs that OPEC members were cutting output.
Concerns were also stoked by a threat from the two main Nigerian oil workers’ unions to strike next week in protest of rising violence in the country’s [...]
