The Nigerian Government on Wednesday admitted that it had no more crude for its refineries to process for local consumption. The effects of militancy in the Niger Delta in Nigeria and the Federal Government's clampdown on them have shaken the foundation
LONDON/SINGAPORE (Reuters) - A rogue trader has left a London-based oil brokerage with losses of almost $10 million (6.1 million pounds) following a series of unauthorised trades two days ago believed to have caused a spike in global crude prices. PVM
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A Bangladeshi team will leave Dhaka today for Myanmar to discuss about gas import from the country here. Ahmed Ullah, Join Secretary of the Ministry of Energy, Power and Mineral Resources will lead the five-member team. During their five-day long
The Oil Gas Energy Resources and Power Port Protection National Committee (OGERPPPNC) will bring out four-day long road march from Dhaka to Cox's Bazar on July 11 next demanding cancellation of export of offshore gas under the present Production Sharing
A group led by British Petroleum (BP) Tuesday won rights to develop Iraq's Rumaila oil field, the largest of six oil fields on offer in a two-day bidding war in Baghdad. BP and China's CNPC won the rights to develop the field in cooperation with Iraqi
Supporters of fundamentalist Islamic party Jamaat-i-Islami (JI) rally against an increase in petroleum prices and electricity shortages in Lahore yesterday. Pakistan increased the prices of petroleum products on July 1 by 10 to 20% to match the
Demand for polypropylene compounds from the European automotive industry is behind an increase in capacity for ExxonMobil's Exxtral compounds at the Lillebonne plant in France. Exxon is to increase capacity there by 45,000 tonnes by the end of this year
LONDON, July 4 ? All airline companies know that good service is key to attracting customers. Yet Ryanair ? a European low-cost carrier ? operates on a different business model: It prospers by being nasty to its passengers. And it is getting
Iraq?s oil ministry will confer with foreign oil companies next month as it seeks to speed up its second bidding round for oil and gas licences. ?We are planning a roadshow meeting in Istanbul next month,? said Abdul-Mahdi al Ameedi, the deputy
