In February, the heads of China's three state-controlled oil and gas majors -- China National Petroleum Corp (CNPC), Sinopec and China National Offshore Oil Corp (CNOOC) -- met one of Russia's most influential players in the energy sector, Igor Sechin, chief executive of state-owned oil company Rosneft.
As part of a three-phase program to increase its strategic petroleum reserves, China is building four emergency oil-storage facilities across western China, in the east and in the south.
President Bush could help to once and for all pop the oil-price bubble by selling oil from the Strategic Petroleum Reserve on a more regular basis.
And the answer is a really dirty petroleum-based molecule, because the oil industry is getting dirtier and dirtier on the margins.
From small wildcatters to oil-services giants, the petroleum industry is bracing for bad times now that the Obama administration has put a six-month moratorium on deepwater oil exploration in the wake of the Gulf of Mexico disaster.
Returning home, he bid to construct a 100-mile oil pipeline between Mumbai and Pune for state-owned Hindustan Petroleum.
Oil-refining subsidiary Reliance Petroleum, in which Chevron has 5% stake, listed in May.
Maridive, an offshore-oil-services contractor founded by an ex-navy commando and a petroleum engineer, built its expertise in Egypt's Gulf of Suez oilfields.
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Oil-refining subsidiary Reliance Petroleum, in which Chevron (nyse: CVX - news - people ) has 5% stake, listed in May.
Aberdeen-based oil and gas firm Faroe Petroleum has cut its losses and has increased the amount of oil it expects to produce this year.
The Organisation of the Petroleum Exporting Countries (OPEC), the oil-producers' cartel, estimates that SARS has reduced Asian oil demand by 300, 000 barrels per day.
Big U.S.-traded Chinese oil companies followed the petroleum market on Friday night higher on hopes that global economic growth will benefit from increased European cooperation.
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Instead, the Anglo-Iranian Oil Company (now known British Petroleum, or BP) was getting 93 percent of the profits.
And Canada is still fighting for an exemption from a rule inserted into the 2007 Energy Independence and Security Act that bars the American government from buying fuels whose production causes more greenhouse-gas emissions than conventional petroleum sources, as producing oil from tar sands does.
In both, a substantial stake is held by Hi-Tech Petroleum Group, a company set up by a former oil minister, Abdel Aziz Osman.
This will come as a surprise to many, but in the past four years U.S. oil and petroleum exports have reached four consecutive record highs--at least since the early '80s.
It is a negative side effect, if you will, of increased global economic growth that -- because of higher consumption of petroleum products, the price of oil goes up often.
In fact, investors have begun to vote with their feet on a major partner of CNPC in Sudan's principal oil consortium -- Canada's largest private petroleum firm, Talisman Energy, Inc.
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The Petroleum Association of Wyoming says that 2-BE isn't an oil and gas chemical but is a common fire retardant used in association with plastics and plastic components used in drinking wells.
America needs to reduce its reliance on foreign petroleum, but growing oil production here at home will come hand-in-hand with an even larger glut of associated gas and even lower gas prices.
The Shell Petroleum Development Co is the largest oil and gas company in Nigeria - Africa's top energy producer - with an output of more than one million barrels of oil or equivalent per day.
To replace earlier finds, oil companies moved offshore, where rivers have been depositing petroleum-forming sediments for millions of years.
Saudi Arabia's energy minister, Ali al-Naimi, is now urging petroleum exporters to raise the supply of oil in order to bring prices down.
Royal Dutch Shell, Europe's largest oil company, and Qatar Petroleum have partnered in new Qatar-based projects that will ramp up natural gas production more than 1 million barrels per day by 2030.
India's Petroleum Minister, Murli Deora, said the move was necessary because state-owned oil companies were losing tens of millions of dollars.
The Nigerian National Petroleum Corporation (NNPC), which manages the country's state-owned oil industry, expects oil production to reach 40 billion barrels by 2010 through a combination of domestic and foreign investments.
It is also designed to consolidate the Kremlin's control over oil flows to Europe by seizing the one pipeline from the petroleum-rich Caspian not currently in its grasp or that of Islamofascist Iran.
America, which consumes one-quarter of the world's petroleum, remains the world's largest oil user by far.
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Aberdeen-based Dana Petroleum said Cormorant East would produce about 5, 500 barrels of oil per day initially.
Oil Minister Sheik Saud Nasser al-Sabah said the Organisation of Petroleum Exporting Countries (Opec) will agree to increase production by 1m barrels per day (bpd) from April.
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