India Oil & Natural Gas Corp May Borrow $10 Billion to Buy Oil Assets
Mar/11/2010 | Under : Crude Oil - Oil and Gas Drilling - Petroleum
Oil & Natural Gas Corp., India’s biggest energy explorer, may borrow $10 billion over the next decade as it competes with rivals from China and South Korea to buy oil assets overseas to meet domestic fuel demand.
“We still have surplus funds in our treasury and I’m not happy to be a zero-debt company,” Chairman R.S. Sharma said in a March 5 interview at his office in New Delhi. “We would like to borrow and leverage that for expanding our business.” [Read More]
Kuwait Energy Company Announces New Oil Discovery in Burg El-Arab, Egyptian
Mar/08/2010 | Under : Crude Oil - Energy - Oil and Gas Drilling - Petroleum
Kuwait Energy Company, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, today announced the discovery of a new oil well in the northern area of Burg El-Arab (BEA) field in the Egyptian western desert, one of its producing assets in Egypt’s Western Desert.
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Stock Trade of Mining Companies On Russian Stock Market : Lukoil, Norilsk Nickel, Polyus Gold
Mar/05/2010 | Under : Companies - Copper Mine - Stock
The following companies may be active in Russian trading. Stock symbols are in parentheses and share prices are from the previous close of trading in Moscow.
The 30-stock Micex rose 0.7 percent to 1,332.64 at the close of trading in Moscow. The dollar-denominated RTS Index increased 1.5 percent to 1,410.85.
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Natural Gas Market Trend May Be Bad News for BP As Well As Gazprom
Mar/02/2010 | Under : Crude Oil - Natural Gas - Oil and Gas Drilling - Petroleum
BP has been making some interesting points about the outlook for the natural gas market, most recently in a very thoughtful article in Foreign by Christof Rühl, the company’s chief economist. It is a theme that BP is likely to highlight in its strategy presentation to investors on Tuesday.
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Kinross Gold Corp. Plans To Acquire Mining Asset in America, Rusia and Ghana
Dec/07/2009 | Under : Companies - Gold Mine - Mineral Exploration
Kinross Gold Corporation is planning to acquire mining assets in North and South America, Russia and Ghana to stay out of countries such as China, which is currently the world’s top gold producer. Toronto-based Kinross will continue to build on its operations spread throughout the Americas, and around its Kupol mine in eastern Russia. Kinross sees higher political risk at Venezuela, China, Indonesia and PNG (Papua New Guinea).
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Global Steel Demand : Baosteel’s Overseas Acquisition Plans to Focus on Resources
Dec/05/2009 | Under : Iron Ore Mine - Steel Industry
Baosteel Group Corp.’s overseas expansion plans will focus on raw materials until a “clear” picture emerges about global steel demand, the chairman of China’s largest steelmaker said.
Other Chinese steelmakers are also likely to hold back from “large-scale” capacity expansion overseas in the next three to five years as they focus on completing domestic mergers, Baosteel’s Xu Lejiang said today at a conference in Beijing. [Read More]
Russia Oil Producer Oil Production Increase 1.8 percent in October
Nov/06/2009 | Under : Crude Oil - Oil and Gas Drilling - Petroleum
Crude output in Russia, the world’s largest oil producer, grew 1.8 percent in October from a year earlier after OAO Rosneft began production at a field in northern Siberia.
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