THE House of Representatives yesterday kicked against a proposal by the Federal Government to borrow over $4 billion from the African Finance Corporation to rejuvenate the failed power project in the country, as the Chairman of the Revenue Mobilisation Allocation
With the recent increase in the prices of basic commodities including petroleum products on the world market, a group of businessmen under the banner of Petroleum Importers of Liberia, is calling for the increase in the price of petroleum products
DURING the next six months, the single biggest threat to the economy on the domestic front is the power crisis and Eskom's inability to meet the country's electricity needs, said five out of the 10 CEOs surveyed.
ELECTRICITY supply problems are eroding public confidence in SA's ability to host a successful 2010 Soccer World Cup, according to a quarterly survey by African Response.
The House of Representatives Committee on Banking and Currency yesterday rejected another $4 Billion US dollars proposal by the federal government to improve power generation in the country. This is coming on the heels of the on going probe of
Gas prices are sending everyone into a state of hysteria. But the fact that the cost of gasoline is skyrocketing should come as no surprise to anyone: the planet has a limited amount of petroleum, and people have been using
EuroGas has signed a share option agreement with Regent Ventures, a Canadian public company, to acquire Regent's 45% interest in McCallan Oil & Gas UK.
PetroHunter Energy has signed a binding purchase and sale agreement with Laramie Energy, to sell all of its working interest in Southern Piceance properties in Garfield and Mesa counties, Colorado, to Laramie.
Duncan Energy Partners has reported revenue of $261.8 million for the first quarter of 2008, a 31% increase, compared to $200.5 million for the same period of 2007.
China National Offshore Oil Corporation has reported a net production of 496,753 barrels of oil equivalent per day for the first quarter of 2008, a 5% increase when compared to the net production for the same period of 2007.
Sierra Pacific Resources, which is engaged in power and natural gas distribution, has appointed Maureen Mullarkey, former executive vice president and CFO of IGT, to its board of directors.
GE Energy has announced the groundbreaking of its Power Technology Center, Middle East, a new service facility in Dammam, developed in association with GE's joint venture partner Ali A Tamimi.
JayHawk Energy has signed a purchase and sale agreement with Titan West Energy, a private company, to acquire additional acreage and assets in Crawford County, Kansas.
Total E&P Congo has announced that the deep offshore Moho-Bilondo field has been brought on stream in the Republic of the Congo, nearly a month ahead of schedule.
Crosstex Energy has announced plans to construct an $80 million natural-gas processing facility called Bear Creek in the Barnett Shale region of north Texas.
China North East Petroleum has reported preliminary crude oil production of 115,800 barrels for the first quarter of 2008, compared to 32,228 barrels for the same period of 2007.
Stream Energy, which is engaged in power and natural gas distribution, has started enrolling natural gas customers after being approved to provide energy service in Georgia by that state's Public Services Commission.
BP has reported replacement cost profit of $6.59 billion for the first quarter of 2008, an increase of 48%, compared to $4.44 billion for the same period of 2007. Profit for the period was $7.6 billion, compared to $4.6 billion
