Search Results
Staffing Is Main Constraint to Oil Output, Schlumberger Says
The biggest constraint to expanding global oil and gas production is a lack of trained younger and mid-career workers in the oil industry, said the head of the world’s largest oil-field-services company, Schlumberger Ltd.
The U.S., Canada, Russia and the Middle East have the largest supply deficits in “petro-technical” staff while China, India and Indonesia have [...]
Japanese Stocks Gain on Oil’s Surge; Mitsubishi Corp. Advances
Bloomberg.com
Japanese stocks rose, led by oil- related companies such as Mitsubishi Corp. and Inpex Holdings Inc., after the price of crude surged the most in 16 months.
Canon Inc. paced gains by exporters after a U.S. index of leading indicators rose last month for the first time since September and Sun Microsystems Inc. reported higher earnings [...]
Nippon Oil, SK Corp. to Form Alliance, Buy Shares (Update4)
Nippon Oil Corp. and SK Corp., the biggest refiners in Japan and South Korea, agreed to buy each other’s stock and form an alliance as competition with China and India intensifies.
The companies may increase cross-shareholdings from an initial 1 percent, Nippon Oil’s President Shinji Nishio told reporters in Tokyo today. A 10-year accord, linking companies [...]
PetroChina’s Oil Output Rises to Record on Kazakhstan (Update3)
PetroChina Co., the world’s third- largest energy company by market value, increased oil and gas output to a record last year after including production from Kazakhstan for the first time.
Output rose 5.2 percent to the equivalent of 2.9 million barrels a day, according to a statement PetroChina posted on its Web site today. Crude oil [...]
BHP, Minara Halt Output at Australian Nickel Mines
BHP Billiton Ltd. and Minara Resources Ltd., Australia’s two largest nickel producers, halted output at mines after heavy rain, which may add to supply shortages that have driven prices to a 19-year high.
Pit operations at the mines in BHP’s Nickel West division, the third-largest producer of nickel in concentrate, in Western Australia have halted, Emma [...]
BHP, Minara Halt Output at Australian Nickel Mines
BHP Billiton Ltd. and Minara Resources Ltd., Australia’s two largest nickel producers, halted output at mines after heavy rain, possibly adding to pressure on supply of the metal used to make stainless steel.
Pit operations at BHP’s Mt. Keith and Leinster mines in Western Australia have halted, Emma Meade, spokeswoman for Melbourne-based BHP said by phone [...]
BHP, Minara Halt Output at Australian Nickel Mines
BHP Billiton Ltd. and Minara Resources Ltd., Australia’s two largest nickel producers, halted output at mines after heavy rain, possibly adding to pressure on supply of the metal used to make stainless steel.
Pit operations at BHP’s Mt. Keith and Leinster mines in Western Australia have halted, Emma Meade, spokeswoman for Melbourne-based BHP said by phone [...]
Commodity Strategists: Biofuel May Cause Oil Slump (Update2) Commodity Strategists: Biofuel May Cause Oil Slump (Update2)
Crude oil prices in New York may tumble to $40 a barrel next year as demand for biofuel made from crops spurs investors to switch from energy to agricultural commodities, said Tetsu Emori, chief commodities strategist at Japan’s Mitsui Bussan Futures Ltd.
Shifting to biodiesel and ethanol additives may slow the growth of demand for gasoline [...]
Iran and China 25-year oil deal worth $100 billion
Iran and China have moved a step closer to signing an energy deal worth as much as $100 billion, with the Islamic republic saying it had invited China Petrochemical’s managing director to Tehran to sign an accord first reached in 2004.
The contract for Sinopec Group, as China Petrochemical is known, to develop the Yadavaran [...]
