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Petroleum News

Sunoco Swings To 2Q Profit, Beating Views, As Revenue SurgesThursday, July 29, 2010 @ 7:12PMSunoco Swings To 2Q Profit, Beating Views, As Revenue Surges

Sunoco: Refined Products Market 'Challenging' Through 2010Thursday, July 29, 2010 @ 7:12PMSunoco: Refined Products Market 'Challenging' Through 2010

Land purchase: Ogra unearths irregularity in MGCLThursday, July 29, 2010 @ 7:08PMISLAMABAD (July 30 2010): Oil and Gas Regulatory Authority (Ogra) has unearthed an irregularity amounting to millions of rupees in Mari Gas Company Limited (MGCL) on account of purchase of land in Rawalpindi without prior approval of Ministry of Petroleum and has directed that the plot be sold and its proceeds added to gas price application, Business Recorder has learnt reliably.

Sugar to be sold at Rs 55 per kg: commodity's import approved by ECCThursday, July 29, 2010 @ 7:07PMISLAMABAD (July 30 2010): The Economic Co-ordination Committee (ECC) of the Cabinet meeting with Minister for Finance Dr Abdul Hafeez Sheikh in the chair on Thursday approved import of 375,000 tons sugar. The commodity would be sold at USC outlets during Ramazan at Rs 55 per kg.

Shell joins global energy asset selloffThursday, July 29, 2010 @ 6:47PMJoins other major firms with plan to divest $8-billion in assets

Joyce Elaine DavisThursday, July 29, 2010 @ 6:36PMMemorial services for Joyce Elaine Davis, 84, of Purcell, formerly of Hot Springs Village, Ark., will be held Friday, July 30, 2010 at 10:30 a.m. at the Free Will Baptist Church in Purcell.

Two killed, four hurt in blastThursday, July 29, 2010 @ 6:35PMTwo kids were killed and four others injured when an aluminium can they found in a vat off Dum Dum Road, near Hanuman Mandir, exploded on Thursday afternoon.

Oil Little Changed After First Gain in Week as Stocks Climb, Dollar FallsThursday, July 29, 2010 @ 6:27PMCrude oil traded little changed in New York after rising for the first time in a week as the dollar declined and on optimism fuel demand will increase amid improved prospects for an economic recovery.

Nigerian oil reforms due in weeks - ministerThursday, July 29, 2010 @ 6:19PMWide-ranging legislation to reform the oil and gas industry in Nigeria will be passed by parliament in the next four weeks, according to Oil Minister Deziani Allison-Madueke.