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Brazil’s Petrobras, Japan’s JBIC Sign Biofuel Memorandum
Brazil’s state-run oil company Petrobras and the Japan Bank for International Cooperation signed a memorandum of understanding on biofuels Monday, Petrobras said.
The Brazilian oil company and JBIC plan to evaluate financing possibilities for biofuel projects to be developed jointly by Petrobras and Japanese companies, both inside and outside Brazil.
Projects to be evaluated include the production [...]
Eastern Petroleum forms new firm for alternative fuel
EASTERN Petroleum Corp. is sinking an initial P100 million into a new subsidiary that will focus solely on alternative fuel projects, particularly ethanol.
In an interview with the Philippine Daily Inquirer, Eastern chair and chief executive Fernando Martinez said the new company, Eastern Renewables Corp., would be registered with the Securities and Exchange Commission within the [...]
Iraqi oil opens for Western exploitation
Under a new law, Iraq’s massive oil reserves will open for Western oil companies, fueling debate on whether the war in Iraq is for oil.
The Independent reported on the law, which is expected to come before Iraqi lawmakers this week. The law would give oil companies like BP, Shell and ExxonMobil 30-year contracts to have [...]
Ultra Petroleum Reports BLM Files Draft SEIS and Operational Update
Ultra Petroleum Corp. (Nachrichten) today reported that the U.S. Bureau of Land Management (BLM) has filed the Notice of Availability (NOA) for the draft Supplemental Environmental Impact Study (SEIS) for the Pinedale Anticline Oil and Gas Development Project, the country’s third largest natural gas field based on reserves.
Read moreDune to Buy All Outstanding 8 Percent Debentures Issued Under Tender Offer
Oil and gas producer Dune Energy Inc. said Thursday that it will buy all of the outstanding 8 percent convertible secured debentures issued by American Natural Energy Corp. under its tender offer.
The initial offering period expired on Wednesday.
Approximately $3 million debentures were validly tendered and accepted for purchase under the initial offering period.
