China’s apparent* oil demand in November soared 18.7% from a year ago as the country’s economic recovery picked up momentum. November’s surge in oil demand marked the third straight month that the world’s second largest oil consumer posted double-digit yearly growth in oil demand.
Chinese oil demand was estimated to reach 33.67 million mt (8.22 million [...]
Penn Virginia Corporation (NYSE: PVA - News) today announced that to better position itself for growth opportunities in its oil and gas business, as well as to improve corporate efficiency, it will undertake organizational changes in both its financial and oil and gas operations groups.
PVA will move its corporate accounting functions from Kingsport, TN to [...]
CALGARY, ALBERTA–(Marketwire - 11/10/09) - All values are in Canadian dollars and conversion of natural gas volumes to barrels of oil equivalent (boe) are at 6:1 unless otherwise indicated.
Provident Energy Trust (Provident) (TSX:PVE.UN - News) (NYSE:PVX - News) today announced its 2009 third quarter interim financial and operating results and the November cash distribution of [...]
Savoy Energy Corporation (OTC Bulletin Board: SNVP - News) announced today that the company has decided to convert all applicable wells to operate on electricity as a source of energy in an effort to lower maintenance costs and increase efficiency. Savoy Energy Corporation initiated the conversion process on August 10 of this year to have [...]
HOUSTON–(BUSINESS WIRE)–Anadarko Petroleum Corporation (NYSE:APC - News) today announced it has priced its registered public offering of $900 million of senior notes in the following three tranches:
* $275 million of senior fixed-rate notes due 2014, with a coupon of 5.75 percent;
* $300 million of senior fixed-rate [...]
TOKYO (AFP)–Japan and Russia have signed a nuclear energy pact that will pave the way for contracts worth billions of dollars, the head of Russia’s state nuclear agency said Tuesday.
The accord, which was inked during Russian Prime Minister Vladimir Putin’s visit to Tokyo, will allow for the transfer of Japanese technology to Russia and the [...]
March 19 (Bloomberg) — Venezuela is holding up payments to contractors, oil services companies and targets of President Hugo Chavez’s nationalization drive, indicating the country is running short of cash after petroleum prices collapsed.
Service providers to the state oil company are idling rigs for nonpayment, and Brazil’s Odebrecht SA said last week it’s slowing [...]
Ending a heated government turf battle, the Interior Department and the Federal Energy Regulatory Commission divvied up rights to regulate offshore energy sources today.
The two agencies announced they will draw up “a short Memorandum of Understanding” that gives Interior the right to permit offshore wind initiatives in federal waters, while FERC will get to oversee [...]
By Jurjen van de Pol and Ben Sills
Feb. 3 (Bloomberg) — European producer prices declined more than economists expected in December on lower oil prices, adding to arguments that the region’s central bank should reduce interest rates more to combat the deepening recession.
Factory-gate prices in the euro region fell 1.3 percent from the previous month [...]
By Winnie Zhu
Jan. 14 (Bloomberg) — China, the world’s second-biggest energy user, cut fuel prices for the second time in a month to reflect the decline in global oil prices and reduce costs for factories as the economy slows.
The gasoline price will be reduced by 140 yuan ($20.5) a metric ton, or 2 percent, and [...]
