Petroleum industry
Chevron Corporation's recent discovery of a significant gas reserve offshore from Western Australia's north-west coast has heightened expectations for the region's gas production potential. Analysts believe the find, announced by Chevron on Monday, underscores the strengths of the Carnarvon Basin in producing gas. The
Petroleum industry
Qatar Airways successfully completed a historic commercial passenger flight on October 14, using a 50-50 blend of synthetic Gas to Liquids (GTL) kerosene and conventional oil-based kerosene fuel. The Airbus A340-600 aircraft, powered by Rolls-Royce Trent 556 engines, flew from London Gatwick to Doha in over six hours. This achievement
Petroleum industry
On the second day of Russian Prime Minister Vladimir V. Putin's trip to China, the two nations reaffirmed their commitment to a massive natural gas deal, solidifying their increasingly close collaboration. The deals, signed by Putin and Chinese Prime Minister Wen Jiabao, include the supply of nearly 2.
Petroleum industry
Russia's leading oil company, Lukoil, has postponed scheduled refinery maintenance from September to November to prevent a fuel shortage, while lowering its refinery-gate prices by 400-500 rubles a tonne. This move comes amidst intense scrutiny from the Federal Antimonopoly Service (FAS), which has been investigating oil companies for
Petroleum industry
Tullow Oil, a U.K. explorer with significant assets in Africa, has revealed that China National Offshore Oil Corp., China's state-owned producer, has expressed interest in joining its development of oil discoveries in Uganda. This potential partnership could mark a significant milestone in China's growing presence
Petroleum industry
The Russian stock market showed resilience on Thursday, overcoming a downturn in global stock exchanges, with the MICEX Index rising 1.2% and the RTS Index increasing by 1%. The gains were driven by strong corporate earnings, particularly in the steel sector, where MMK, NLMK, and Severstal saw significant increases
Petroleum industry
Indonesian state-owned gas distributor firm PGN has started supplying gas to the thermal power plant PLTGU Tanjung Priok, potentially saving the state up to Rp95 billion per month. The development of this cooperation between PGN and Indonesia Power was swift, with a contract signed on September 18, 2009. The gas
Petroleum industry
Bill Gates, through his Bill & Melinda Gates Foundation Trust, managed by Michael Lassen, has released the Q2 portfolio update, showcasing the trust's investments. The portfolio reflects a more extensive and diverse stockholding compared to Cascade Investments, Bill Gates' personal portfolio. The update highlights the trust'
Petroleum industry
Rentech Inc., a leader in clean energy solutions, aims to address national energy security issues and long-term demand for fuels and electric power while minimizing emissions. The company develops and licenses its proprietary clean energy technologies, which include the SilvaGas biomass gasification and the Rentech Process, to produce ultra-clean synthetic
Petroleum industry
Chevron, a US energy giant, has made significant deepwater gas discoveries offshore in Western Australia, following a landmark liquefied natural gas (LNG) sales deal with PetroChina. The discoveries, Clio-2 and Kentish Knock-1, were made in the hydrocarbon-rich Carnarvon Basin, where Chevron is the largest leaseholder. The Clio-2 well discovered 115
Petroleum industry
Australian Finance Minister Lindsay Tanner gave a strong indication that the government is likely to grant regulatory clearance to the massive Gorgon gas field project off the coast of Western Australia. The project, which has been submitted for environmental assessment, has recently gained momentum with the signing of a liquefied
Petroleum industry
The Comptroller and Auditor General (CAG) has been unable to access Reliance Industries Ltd's (RIL) books for two years, hindering the audit of the Indian government's gas contract with the company. The CAG has written to the Ministry of Petroleum and Natural Gas seeking assistance in
