China National Petroleum Corporation (CNPC), Asia’s biggest oil and gas company, has signed a three billion dollar agreement to develop and operate Iraq’s al Ahdab oil field under a 20-year service contract.
The agreement is the first major oil deal reached between Iraq, which has about one third of the world’s largest reserves, and a foreign […]
Today’s world has some of the most advanced telecommunications technology available at our fingertips. Unfortunately, this has generally weaved a massive web of information that is hard to present in any coherent matter. Writing down all your possible contact numbers and addresses just makes things awkward and drawn out. Amongst friends, it isn’t a big […]
A fire broke out at Kuwait’s largest oil refinery on Wednesday but was quickly brought under control, an oil official said.
“The fire is under control and will be put out in a few minutes,” said spokesman for national refiner Kuwait National Petroleum Co, Ahmad al-Muzaiel.
Muzaiel told media that operations at the refinery and exports of […]
Three years after being punished by Hurricane Katrina, utilities along the Gulf of Mexico were buffeted by 110 mph plus winds from Gustav with customer outages topping 500,000 and growing.
Nearly all of the outages were in Louisiana with smaller numbers of customers losing power in the states east of Louisiana. The storm was expected to […]
Reliance Industries Ltd Monday announced it has discarded plans to transfer a majority stake in a deepwater gas block in the Krishna Godavari basin to a fully-owned subsidiary.
In a statement, RIL said it had earlier applied to assign part of its interest in the D6 block in the Krishna Godavari basin to a 100 percent […]
Happiness hunters have done it again. They’ve used an army of pollsters and a mountain of data to uncover the world’s happiest countries. But this year, there are some unexpected winners — for unexpected reasons.
The World Values Survey, which has compiled data from 350,000 people in 97 countries since 1981, found Denmark to be home […]
India joined the elite club of global art hotspots Friday, with the India Art Summit 2008 being inaugurated here as a showcase of modern and contemporary art from the country and abroad modelled on international art fairs.
The three-day summit Aug 22-24 was inaugurated at Pragati Maidan by Tourism and Culture Minister Ambika Soni. The summit […]
India’s economy is likely to expand around 8 percent in the year to March 2009, but 9-10 percent growth in the medium term is “achievable”, the Deputy Chief of India’s planning panel said on Thursday.
“We are targeting 9 percent growth, getting up to 10 percent. It may look ambitious with the global economic slowdown. But […]
Oil prices edged up to above USD 115 a barrel on Wednesday, as a lower dollar rekindled buying in oil and other commodities.
US crude rose half a percent or 56 cents to USD 115.09 a barrel, while London Brent crude climbed 45 cents to USD 113.70 a barrel at 0323 GMT.
“There could be further upside, […]
Wall Street closed mixed Friday after playing out a now familiar scenario: Upbeat sentiment about falling oil prices flagged amid ongoing concerns about weak credit markets and the economy. The major indexes also turned in a mixed performance after another volatile week.
Investors were encouraged early in the session as oil’s pullback lifted the outlook for […]