A day after a major blow out at a well of the Oil and Natural Gas Corp. near Bhayali village here, operations to arrest the gas leakage continued on Saturday even as the crisis management team reached the site to take stock of the situation. For full story, click here
Prime Minister’s Advisor on Petroleum Dr Asim Hussain has promised to end gas crisis in the country during next three to four years. For full story, click here
China’s coal chemicals industry, which has been drawing surging attention, is currently adjusting to deal with the ongoing financial crisis and challenges of its own development. Some experts declared that if the adjustments go smoothly, the country’s coal chemicals industry would do away with problems such as high energy-consumption and low efficiency, thus benefiting the [...]
A European Union-brokered deal to monitor the Ukrainian gas pipeline was meant to turn the gas flow back on, but it was not until Russia and Ukraine resolved a bilateral price dispute that natural gas again started flowing west. For full story, click here
Norway’s state oil firm Petoro said that the oil and gas exploration activities off Norway is likely to be hit by global crisis since some newcomers to the Norwegian shelf were small and less sound financially. Marion Svihus, CFO of Petoro, said: I believe any effect (of the financial crisis) will relate primarily to exploration activities, and the investment and [...]
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