Sentences with phrase «by national oil companies»

Not exact matches

As a vice-president of parent company China National Petroleum Corp. explained at an oil and gas industry conference in Calgary, the company felt it was being shut out of Canada's oilsands by political pressure from the U.S. and had lost confidence in Enbridge's ability to manage aboriginal opposition to the line.

The arrests, by national intelligence agents, marked the first at a Western oil firm in Venezuela and represent a dramatic escalation of growing tensions between PDVSA and foreign companies over control of supply contracts.

The arrests, by national intelligence agents, marked the first at a Western oil firm in Venezuela and represent a dramatic escalation of growing tensions between PDVSA and foreign companies over control of supply contracts, the sources told Reuters.

Isabel Dos Santos, the woman listed by Forbes as Africa's first female billionaire, has been unceremoniously fired from her post as head of Angola's national oil company Sonangol, according to newswire reports.

China's Sinopec, Asia's largest refiner, plans to cut Saudi crude oil imports loading in May by 40 percent after national oil company Saudi Aramco set higher - than - expected prices, an official from the company's trading arm Unipec said.

A similar bid by Chinese national oil company CNOOC in 2012 for Canadian oilsands company Nexen was successful but was controversial.

British Columbia taxpayers are now subsidizing massive water allocations, road construction and basic scientific research for uneconomic shale gas development by multinational and Chinese national oil companies.

The National Oil Spill Detection and Response Agency (NOSDRA) has confirmed a pipeline blast at an oil field operated by Nigeria Agip Oil Company (NAOC) in BayelOil Spill Detection and Response Agency (NOSDRA) has confirmed a pipeline blast at an oil field operated by Nigeria Agip Oil Company (NAOC) in Bayeloil field operated by Nigeria Agip Oil Company (NAOC) in BayelOil Company (NAOC) in Bayelsa.

Oil companies operating in Mexico's deep waters must use national suppliers for 8 percent of the projects by 2025, the government said on Tuesday, a relatively low rate meant to Continue Reading

According to the Fortune 500 Ranking, Sinopec ranks 4th among global oil companies by revenue, following Shell (which is in partnership with SaudiAramco, a Saudi SOE) ExxonMobil and BP (formerly state owned), and ahead of China National Oil Company, Chevron, Conoco Phillips, Total (formerly state owned) and Gazprom (effectively state owneoil companies by revenue, following Shell (which is in partnership with SaudiAramco, a Saudi SOE) ExxonMobil and BP (formerly state owned), and ahead of China National Oil Company, Chevron, Conoco Phillips, Total (formerly state owned) and Gazprom (effectively state owneOil Company, Chevron, Conoco Phillips, Total (formerly state owned) and Gazprom (effectively state owned).

An agreement signed with Japan Oil, Gas and Metals National Corp (JOGMEC) in 2011 saw the Japanese company earn a 30 % stake by spending $ 5.4 million on feasibility work.

The first agreement was signed by the two countries and the second by the GNPC and the National Oil Company of Trinidad and Tobago at a ceremony at Flagstaff house.Ghanapoliticsonline.com

The Managing Director of the Bulk Oil Storage and Transport Company (BsOST), Mr Alfred Obeng has been cleared of any wrong doing by the Bureau of National Investigations (BNI) and the National Security in the sale of five million litres of contaminated fuel.

«To the point where competition among the Oil Marketing Companies remains high, market price for both Brent crude and refined oil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research AnalyOil Marketing Companies remains high, market price for both Brent crude and refined oil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research Analyoil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research Analyst.

The two companies involved in the sale of the contaminated fuel, Zup Oil and Movenpinaa Energy, were found to be unlicensed by the National Petroleum Authority (NPA), thus contravening section 11 of the National Petroleum Authority Act, ACT 691, 2005.

In particular, we requested the federal government to embark on the recovery of the revenue of $ 42 billion withheld from the Federation Account from 1999 - 2012 by some transnational oil companies, the Nigerian National Petroleum Corporation and other agencies of the federal government.

GGF2017 is sponsored by Ghana National Gas Company and Ghana Oil and Gas for Inclusive Growth (GOGIG), and partnered by Tullow Ghana, Amandi Energy, Volta River Authority, Lincoln Rose Law Associates, Springfield E&P and Vitol.

The National Petroleum Authority (NPA) has directed Oil Marketing Companies (OMCs) to implement the amended Special Petroleum Tax (SPT) Act which reduces the tax by 2 %.

The National Petroleum Authority (NPA) has received notice of an intended demonstration by the Chamber of Petroleum Consumers (COPEC) and Industrial and Commercial Workers Union (ICU) ostensibly in response to recent increases in price of petroleum products at the pump by some selected Oil Marketing Companies.

Only by drilling two relief wells to connect to the initial hole, then pumping mud and concrete into the gushing pipe could Petroleos Mexicanos, or PeMex, Mexico's national oil company, stop the leak.

He poured money into the oil company while it was trading in the mid - $ 30s and made a small fortune in August 2005 when PetroKazakhstan was bought out by China National Petroleum Corp. at more than $ 60 a share.

The portrait award, regularly targeted by campaigners who object to oil company sponsorship of the arts, is in its 39th year at the National Portrait Gallery and 29th year of sponsorship by BP.

ANDY REVKIN received by email and posted: Hi Andy, in my talks and papers I have mentioned many times that it does not make sense to go after every last drop of oil, and I have noted that one useful thing that citizens can do, in addition to helping block coal fired power plants, is to keep oil companies out of places such as Arctic National wildlife Refuge, deep and off - shore areas.

BTW, if oil is a national security issue, and we went to war in the Middle East over this, why then do we allow an oil company to profit on this, when it should be controlled by the government?

Among the main decisions of the national meeting was the guarantee of a decisive fight for the end of the oil and gas exploration contracts in Portugal, starting with the block of Aljezur, of the companies GALP and ENI, recently authorized by the Portuguese government.

«NAFTA - style investment provisions,» I explained, «would let big oil, mining, tobacco and agribusiness companies avoid accountability to national governments or courts for the environmental destruction and social injustices wrought by their investment projects.»

Picture: soy and corn plantations and algae in Chubut, Argentina.Leaving the most radical speeches behind, we thought worth mentioning some excerpts from a document by Engineer Enrique Mario Martinez, president of the Argentine National Institute for Industrial Technology (a well known investigation institution), who highlights issues like the low yield of corn - based biodiesel, the different impacts in the environment between biodiesel and bioethanol, and the big oil companies interests in biodiesel mixed with petrol.

Ten workers and I head off to Sleipner, a platform run by the Norwegian national oil company, Statoil.

Rajasa's remark directly contradicts an earlier statement by Agus Purnomo, head of the secretariat of Indonesia's National Climate Change Council, that part of the billion dollars pledged by Norway would be used to compensate palm oil developers and timber companies that would lose forest concessions under the emissions mitigation program.

Hot on the heels of Exxon Mobil's failure to hang on to the $ 12bn worldwide freezing injunction ordered by the English court against PDVSA, the Venezuelan national oil company, an attempt at freezing the assets of the Republic of Bolivia and its telecommunications company, Entel, has recently been thrown out by the English court.

The Lawyer describes Emily as instructed in weighty disputes, citing her recent defence of Barclays against a $ 240m indemnity claim by UniCredit, the major Italian bank, in respect of a sophisticated structured finance deal between the two banks and that she acted for the UAE's Crescent Petroleum in knocking out an attempt by the National Iranian Oil Company to challenge an arbitration award against it.

That was certainly the case with the controversial takeover of Calgary - based petroleum giant Nexen by the Chinese National Offshore Oil Company in the face of troubling allegations that CNOOC had possibly been implicated in human rights violations in Tibet and Burma.

a South American national oil company in a US$ 500 million post-acquisition arbitration governed by New York law

Possibly the most high - profile corporate investigation involving Nigeria in the past year relates to the allegation that Shell and ENI engaged in the bribery of Nigerian officials in connection with their acquisition from the Nigerian National Petroleum Corporation of the interest in an oil prospecting licence (OPL), previously held by a company called Malabu Oil and Gas Limitoil prospecting licence (OPL), previously held by a company called Malabu Oil and Gas LimitOil and Gas Limited.

In a recent case (National Iranian Oil Company v Crescent Petroleum Company International Ltd [2016] EWHC 1900 (Comm)-RRB-, the English High Court clarified that the enforcement of a contract procured by bribery would not be contrary to public policy, but the enforcement of a contract to pay a bribe would be.

PDVSA is the national oil company of Venezuela and wholly owned by the Bolivarian Republic of Venezuela.

The NEB also prevented stakeholders from cross-examining company officials about their evidence, and it angered many pipeline opponents and scientists by deciding in December 2015 to exclude new scientific evidence from a U.S. National Academy of Sciences report that said new regulations and research were needed to prepare for spills of bitumen, the heavy oil produced in the oilsands.

Acting for Bolivia, we successfully discharged freezing injunctions in the value of US$ 12 billion obtained by Exxon Mobil against PDVSA, the Venezuela national oil company and the Republic of Bolivia.