The state-run Abu Dhabi National Oil Company reported that it will cut crude oil supplies for June by as much as 18 percent as the OPEC member state complies with the group’s last round of output reductions. For full story, click here
Public sector oil refiners declared that they cannot honour their commitment to lift up to 0.7 million tonnes of Cairn India’s Barmer crude this year, till it finalises the price. For full story, click here
Crude oil futures dipped on weak global cues amid fears that an outbreak of swine flu globally would hurt oil demand. For full story, click here
Public sector oil refiners declared that they cannot honour their commitment to lift up to 0.7 million tonnes of Cairn India’s Barmer crude this year, till it finalises the price, a petroleum ministry official said, requesting anonymity. For full story, click here
PetroChina Co Ltd, the world’s second-most valuable oil and gas producer after Exxon Mobil, posted a 36.2 percent drop in first-quarter earnings, its worst result in two years, as a steep dip in oil prices battered margins. For full story, click here
PetroSA, South Africa’s state-owned oil company declared that it is in talks to secure crude supplies for its planned oil refinery at Coega, near Port Elizabeth. Sipho Mkhize, chief executive officer of the Cape Town-based company, stated: We had high-level discussions with potential suppliers. For full story, click here
Western South Dakota residents get their chance Monday and Tuesday to speak out on a planned crude oil pipeline that could one day carry 900,000 barrels of oil a day through the state. For full story, click here
Reliance Industries has resumed crude oil production from its predominantly gas-rich KG-D6 block after more than a month-long planned shutdown for connecting new wells. For full story, click here
Unbridled Energy (CVE:UNE) today provided updated results for the year ending December, 2008. The company reported a 1,500% gain in revenue over the same period in 2007.
SK Energy, Korea’s leading energy provider, declared 1st quarter earnings results for 2009. 1st quarter revenue dipped by 14% to KRW 8,105.3 billion from the same period 2008, while operating profit and net income increased by 62% and 2% year-over-year to stand at KRW 645.8 billion and KRW 247 billion respectively. For full story, click [...]
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