Jul 19, 2012 06:03 SGT NHST Media Group Asia Venezuelan state oil company PDVSA said on Wednesday it reached an agreement with Chevron to secure $2 billion in financing to boost oil production at Petroboscan, a joint venture between the two companies.
Jul 19, 2012 05:48 SGT NHST Media Group Asia Pioneer Natural Resources said its second quarter production reached its guidance expectations but was hampered by a shutdown at a fractionation facility.
Jul 18, 2012 06:08 SGT NHST Media Group Asia Ukraine, which struck deals with Shell and Chevron to explore and develop two shale gas deposits this year, may hold a tender for another shale gas field in September, Deputy Minister for Natural Resources Dmytro Mormul said on Tuesday.
Jul 18, 2012 05:38 SGT NHST Media Group Asia BP and Reliance Industries must hand over documents on their huge D6 gas field off India's east coast to the country's auditor, the government said on Tuesday, or risk a deadlock on development crucial to stem production declines.
Jul 17, 2012 06:23 SGT NHST Media Group Asia A well in the Gulf of Mexico operated by Deep Gulf Energy has hit more than 70 feet of “high quality” pay and has been declared a discovery.
Jul 17, 2012 05:02 SGT NHST Media Group Asia Oil prices rose for a fourth straight session on Monday, lifted by hopes that signs of economic slowing will prompt stimulus measures, especially in China, and by news a US Navy vessel off the United Arab Emirates fired on a fishing boat that failed to heed warnings.
Jul 16, 2012 10:00 SGT NHST Media Group Asia NHST Media Group Asia is one of the fastest growing media companies in Singapore and we would like to connect with you.
Jul 14, 2012 06:51 SGT NHST Media Group Asia Brazilian giant Petrobras has approved construction of six new semi-submersible drilling rigs in a contract with its independent holding company, Sete Brasil.
Jul 14, 2012 05:08 SGT NHST Media Group Asia Venezuelan President Hugo Chavez said Friday he expects his government to double its oil production and income by 2019 as he reiterated calls for the price of the commodity to stabilize between $100 and $120 a barrel.
Jul 13, 2012 05:53 SGT NHST Media Group Asia Fifty-four advocacy groups, from environmentalists to landowners to aboriginal nations, called on the Alberta government on Thursday to launch an independent enquiry into the safety of pipelines in the Western Canadian province in response to oil spills at home and in the US.