Deleum shares up on bullish O&G sector

Oil support services provider Deleum Bhd, which made an impressive debut on Bursa Malaysia main board last Friday, continued on its winning streak yesterday, with its shares putting on RM1.22,

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Plan oil pipeline by ExxonMobil and Enbridge

ExxonMobil Pipeline Co. and Enbridge Inc. has been joint agreement to commercial development of a new pipeline project.
The pipeline would transport U.S. and Canadian crude oil from Patoka, Illinois, to

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CNOOC’s 49% oil profit deal with Somalia

CNOOC’s oil contract with the Somali government grants the Chinese state giant the right to almost half of any profits from production but also promises large bonuses if significant discoveries

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Zimbabwe power station runs out of coal

Disruption of coal supplies to the main power generating station in Zimbabwe has caused power failures across the country, reports said on Monday.
The breakdown at Hwange Power Station has robbed

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China Plans to Shift Use of Foreign Exchange Reserves (Update2)

China, the world’s biggest consumer of coal and metals, will use its foreign exchange reserves to buy “strategic” resources, Vice Premier Zeng Peiyan said.
The government will increase the nation’s purchases

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