Oil Industry News

PCCI backs independent review of oil depot risks (Manila Standard Today)
Mon 6 Jul 2009 8:57am
The Philippine Chamber of Commerce and Industry has backed the selection of an independent third-party risk assessor to study the safety and pollution control measures at the Pandacan oil depot....


Oil & Gas / Perspectives (Business News Americas)
Mon 6 Jul 2009 8:34am
Mexico's oil sector is renowned for its lack of transparency and effective regulation. So what to make of the newly formed national hydrocarbons commission (CNH)?...


Omani crude exports reach 79.68 million barrels thru April '09
Mon 6 Jul 2009 7:54am
Oman's national economy ministry has said the Sultanate's crude exports during the first four months of 2009 reached 79.68 million barrels compared to 71.365 million during the same period in 2008, KUNA has reported. Total crude production, at the end of April 2009, had r......


Mubadala begins operating Algeria power plant
Mon 6 Jul 2009 7:45am
Abu Dhabi state investment agency Mubadala Development has said it had started operating its 1227 megawatt gas-fired thermal power plant in Tipaza, Algeria. The plant, the result of a dollar 900m deal between Mubadala and Canada's SNC-Lavalin Group, aims to add close to 20% of ......


Canadia police investigate 6th gas pipeline bombing
Mon 6 Jul 2009 7:33am
VANCOUVER, British Columbia -- An explosion damaged a natural gas pipeline in northeast British Columbia on Saturday, the sixth attack on an energy facility in that area of the Canadian province in re......


Nigerian rebels announce fresh attack on Shell Delta oil facility
Mon 6 Jul 2009 7:33am
LAGOS -- Nigerian rebels announced Sunday they had launched a fresh attack on an oil facility run by the Anglo-Dutch group Shell in the restive Niger Delta....


Kuwait wants oil prices to stay above dollar 60
Mon 6 Jul 2009 7:32am
Kuwait's oil minister, Sheikh Ahmed al-Abdullah al-Sabah has said his country wants to see oil prices stay above dollar 60 a barrel in order to meet its budgetary target, and will watch the market closely before deciding on its output at OPEC's meeting in September, reported Bl......


Qatar to roll back crude oil supply cut
Mon 6 Jul 2009 7:29am
Qatar Petroleum has said it will supply full contracted volumes of crude oil to term customers in Asia in August, rolling back a 15% cut imposed in July on one of its grades, Bloomberg has reported. Last month, the company had pledged full volumes of its Qatar Land grade ......


Carbon bill helps climate, hits business
Mon 6 Jul 2009 7:27am
Federal climate change legislation could lead to higher utility bills and carbon reductions for Arizona businesses. Passed last week in the U.S. House of Representatives, the American Clean Energy an......


Quiet giant REpower seeks bigger slice of booming U.S. market
Mon 6 Jul 2009 7:27am
Vestas Wind Systems A /S plans a massive U.S. headquarters in Portland, a global wind turbine company down the street is quietly fighting to build its share of the fast-growing U.S. market....