Angkor receives oil and gas exploration licence
Angkor Gold Corp has been granted an oil and gas exploration licence.
Tag: Oil
Shell blames lower energy prices for profit squeeze
Shell says its net profit is halved in the second quarter due to lower oil and gas prices.
Weekly oil prices drop over 6 pct amid geopolitical tensions
Oil prices decreased for the week ending July 19.
OPEC extends oil output cuts
OPEC agrees to extend by nine months daily oil output cuts aimed at supporting prices and soaking up excess supplies.
KrisEnergy starts 3D survey to look for offshore oil
KrisEnergy starts a 1,200 sq km, 3D Seismic Survey at the offshore Cambodia Block A.
National Assembly approves draft oil management law
The NA approves the latest draft of the Law on Oil and Oil Production Management.
Saudi Arabia gathers Arab leaders over attacks on oil assets
Arab leaders gathered in Saudi Arabia yesterday for emergency summits that Riyadh hopes will deliver a strong message to Iran that regional powers will defend their interests against any threat following attacks on Gulf oil assets this month.
Saudis seek to avert war in region
Saudi Arabia wants to avert war in the region but stands ready to respond with “all strength and determination” following last week’s attacks on Saudi oil assets, a senior official said on Sunday, adding that the ball was now in Iran’s court.
Construction of $620m oil refinery delayed
Cambodia’s first oil refinery now scheduled for completion in 2022.
Oxfam discusses good governance in extractive industry
Solinn Lim, Oxfam’s director, discusses good governance in the extractive industry.
Total to expand in retail power market
Oil major Total is picking up about 150,000 retail energy customers a month in France and is on course to hit its 2022 target.
Ministry says Cambodia will have to export its oil
Cambodia will have to sell its crude oil when it starts producing later this year.
Trade tensions overshadow US oil and gas industry
The fast-growing US oil and natural gas industry are overshadowed.
Reliance halts exports to Venezuela
India’s Reliance Industries Ltd, says it had halted supply of diluents to Venezuela’s national oil company PDVSA.
US presses India to stop buying oil from Venezuela’s Maduro – envoy
The US is pressing India to stop buying oil from the Venezuelan government.
Buhari wins second term as president
Nigerian President Muhammadu Buhari wins a second term at the helm of Africa’s largest economy and top oil producer.
Ministry confirms Angkor Gold oil and gas aspirations
A senior official with the Ministry of Mines and Energy confirmed yesterday that Canadian firm Angkor Gold Corp is seeking to diversify its operations in the Kingdom into oil and gas and that the company is now applying for exploration licenses.
Managing gasoline prices
The management of gasoline prices in Cambodia could serve as a good case study to replicate in the price management of other utility items, argues Sim Vireak.
Venezuela demands respect for maritime boundary
The Venezuelan government has demanded respect for its sovereignty.
Production of oil to start in 2019, says official
Cheap Sour, the director-general of the General Department of Petroleum at the Ministry of Mines and Energy, said Cambodia will be ready to commercially produce oil in early 2020, while exportation may also be in the pipeline in the future.
Saipem’s CPUs crippled by Shamoon
A hack on Saipem that crippled more than 300 of the company’s computers used a variant of the notorious Shamoon virus.
At what cost to develop Timor-Leste’s oil resources?
Timor-Leste’s recent action to acquire a majority stake in the joint venture to develop oil and gas resources in the Greater Sunrise field, gives it a greater say on the controversial issue of the location of the pipeline.
The rise of China’s ‘Petroyuan’
For the past decade, China’s strategy for internationalising the renminbi has involved greater reliance on the IMF’s Special Drawing Rights as an alternative international reserve currency.
OPEC works on deal to cut output, still needs Russia on board
OPEC are working for a deal to reduce oil output by at least 1.3 million barrels per day.
Oil company to sponsor Williams
Polish oil company PKN Orlen is to sponsor Williams following the F1 team’s signing of Robert Kubica as a driver for next season.
Brazil oil tanker collision reveals offshore regulatory gaps
Brazil has more than doubled the number of risky ship-to-ship oil transfers this year.
Dismantling the oil industry: rough North Sea waters test new ideas
Scottish marine Ardent is adapting the tanks it used to refloat the Costa Concordia.
Oil’s Black Friday drop could hit drilling budgets
US light sweet crude settled at $50.42 a barrel, down nearly 23 percent since October.
No Brexit deal boost for FTSE 100 as oil, miners drag
Britain’s top stock index sank as mining companies and oil majors sold off.
Oil rises after 1 million bpd output cut
Oil rises by more than 1 percent, set for its largest one-day increase in a month.
