Kuwait Energy Company Announces New Oil Discovery in Burg El-Arab, Egyptian



March 8th, 2010 | File Under : Energy - Oil and Gas - Petroleum

kuwait energy company new oil discovery in Burg El-ArabKuwait Energy Company, one of the fastest growing independent oil and gas exploration...

India Oil & Natural Gas Corp Sells 70,000 T Naphtha at Lower Prices



February 11th, 2010 | File Under : Natural Gas - Oil and Gas - Petroleum

India’s Oil & Natural Gas Corp (ONGC) sold a total of 70,000 tones of naphtha for first-half March lifting’s at lower premiums due to softer demand, traders said on Thursday.

The state-owned refiner sold 35,000 tones of heavy naphtha for March 9-10 loading from Hazira port to Shell at a premium of about $27.00 a tones to Middle East quotes on a free-on-board (FOB) basis.

Angola Signs Letter Of Intent To Develop Ecuador Oil



November 10th, 2009 | File Under : Companies - Oil and Gas - Petroleum

Angola Thursday signed a letter of intent with Ecuador to explore and produce oil and gas in the Latin American nation, Ecuador’s Oil Ministry said in a statement late Thursday.