Petroleum industry
Dan Sullivan, the editor of the Chartist newsletter, suggests that the market may experience further losses. A selection of stocks from the Relative Strength Ratings portfolio, including Burlington Resources (BR), Hansen Natural Corp. (HANS), Peabody Energy (BTU), Amerada Hess Corporation (AHC), and Transocean, Inc. (RIG), have been identified as potential
Gas industry
Gazprom, the Russian energy giant, is reportedly preparing to bid for rights to explore and develop offshore fields in Turkmenistan's Caspian sector. According to Alexander Ryazanov, Gazprom's deputy CEO, the company has identified several promising prospects and is in the process of acquiring the necessary paperwork.
Gas industry
PetroKazakhstan, a Calgary-based energy company, saw its share price surge by almost 6% last week following an offer from China National Petroleum Corp. (CNPC) worth $4.2 billion. Contrary to PetroKazakhstan's fortunes, PetroChina, CNPC's subsidiary, experienced a decline in its share value by over 11% during
Gas industry
Chinese oil and gas producer China National Petroleum Corp (CNPC) has reached a $4.18 billion agreement to acquire Canadian-registered PetroKazakhstan Inc, outbidding an Indian rival, Oil & Natural Gas Corp. This deal marks China's largest overseas acquisition and follows a failed bid by China National Offshore Oil
Petroleum industry
A joint venture between China National Petroleum Corporation and PetroChina is offering $3.2 billion to acquire PetroKazakhstan, a Canadian company with oil fields in Kazakhstan. This bid is in direct competition with a reported $3.6 billion offer from India's Oil and Natural Gas Corporation, in partnership
Petroleum industry
PetroChina, a leading Chinese oil and gas producer, and India's state-run Oil and Natural Gas Corp. (ONGC) have submitted bids to acquire PetroKazakhstan (PKN), a Canadian firm valued at around $3.4 billion. This development comes after Russia's Lukoil, initially considered a favorite for the acquisition,
Gas industry
Russia and Germany are stepping up cooperation on energy projects as a gateway to Western Europe's important natural gas markets. Gazprom, Russia's largest gas producer, signed a memorandum of understanding with BASF, a German chemicals group, allowing BASF's affiliate Wintershall to acquire a significant
Gas industry
Ukraine, heavily dependent on Russia for energy supplies, is seeking to shift from a corrupt barter system to a dollar-based transaction system for gas purchases from Russia's state-owned Gazprom. This decision aims to increase economic transparency and curb corruption, aligning with the promises of newly elected President Viktor
Internet Securities Inc.
Compania Minera Autlan is set to reduce its reliance on natural gas and lower costs by building a synthesizer plant powered by petroleum coke in Molango, Hidalgo. The Mexican mining company aims to start construction during 2005, with the goal of reducing energy consumption, which currently accounts for a large
Internet Securities Inc.
The Mexican government has launched a plan to decrease the country's reliance on natural gas imports from the United States, shifting focus towards liquefied gas from Bolivia and Peru. President Vicente Fox has met with his Bolivian counterpart, Carlos Mesa, to outline the details of a bilateral agreement
Gas industry
Azerbaijan's economic development has been underway since 2001, with the country's current International Monetary Fund (IMF) programme being a key driver of this growth. The three-year poverty reduction and growth facility loan of US$100m, agreed in July 2001, has aimed to reduce poverty and support
Gas industry
Fiscal policy in Azerbaijan was marked by a tight budget in the first eight months of 2002, with the state recording a deficit of Manat74.2bn (US$15.2m; 0.4% of GDP), compared to a target deficit of 1.2% of GDP for the year. Revenue was lower than
