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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,
Read morePlan 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
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
Read moreZimbabwe 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
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
