Petroleum

Fiery World

NEW ORLEANS, May 16, 2010 (AFP) - US officials have told BP to clarify what costs it will pay for cleanup of the massive Gulf of Mexico oil spill, with crews …

Offshore Opportunity

May 14, 2010 (LBO) - Sri Lanka's Hemas group and Colombo Dockyard have teamed up with Singapore's Toll Offshore Petroleum Services to bid for Cairn India's …

Last Laugh

May 07, 2010 (LBO) - Laugfs Group, the sole rival of the Sri Lankan unit of Royal Dutch Shell, is keen to buy the multinational's operations in the island, …

Re Poll

April 11, 2010 (AFP) - Sri Lanka will rerun voting at 18 polling booths where last week's parliamentary election was affected by violence, officials said …

Oil Move

Apr 06, 2010 (LBO) - Sri Lanka is to broaden its search for offshore oil and offer more exploration blocks in the Cauvery Basin in the island's north as well …

Slick Market

Mar 14, 2010 (LBO) - Sri Lanka's Chevron lubricants unit said sales fell in 2009 with a downturn in local and export demand, but is expecting a recovery this …

Oil Slick

Feb 18, 2010 (LBO) - Lanka IOC, a unit of the Indian Oil Corporation, said it was making ship oil or bunker deliveries from Colombo port through locally …

Fuel Fortunes

Feb 17, 2010 (LBO) – The Sri Lanka unit of Indian Oil Corporation said it made a ˜nominal’ profit in the December quarter compared with a loss a …

Oil Target

Feb 09, 2010 (LBO) - Gazprom, a Russian oil firm, has held discussions with visiting Sri Lanka president Mahinda Rajapaksa on exploring for oil off the coast …

Coup Claim

January 21, 2010 (AFP) - Sri Lanka's main opposition said Thursday it feared President Mahinda Rajapakse would use the military to remain in power if he was …

Fickle Pricing

Dec 30, 2009 (LBO) – The Sri Lanka unit of Indian Oil Corporation said it is likely to make losses on petrol sales after the dominant state-owned oil …

Gas Call

Dec 30, 2009 (LBO) – The Sri Lankan unit of the Shell gas multinational said it was holding domestic prices of liquid petroleum gas cylinders despite …

Fuel Cost

Dec 29, 2009 (LBO) – Sri Lanka’s state-owned refiner, the Ceylon Petroleum Corporation, said it will cut fuel prices from midnight Tuesday. It said …

Fuel Market

Dec 15, 2009 (LBO) - A planned ship fuel business off a new port being built in southern Sri Lanka, will target small vessels sailing past the island and lure …

Oil Bids

Dec 11, 2009 (LBO) - Sri Lanka is ready to calls for bids for oil exploration in more blocks in the island's north-west as well as the south, Petroleum …

UN View

GENEVA, December 4, 2009 (AFP) - The UN refugee agency said on Friday that it was encouraged by "increased freedom of movement" for war-displaced civilians in …

Counter Action

Nov 16, 2009 (LBO) - Sri Lanka has declared several state utilities 'essential services' the government said, as industrial unrest threatened to increase …

Slippery Oil

Nov 13, 2009 (LBO) - Lanka IOC, the Sri Lankan unit of Indian Oil Corp. buy ivermectin online …

Fed Printing

NEW YORK, November 3, 2009 (AFP) - Oil prices leapt Tuesday as commodities gained a boost from gold, which struck an all-time high above 1,000 dollars an ounce …

Volatile Labour

Oct 25, 2009 (LBO) - Workers at Sri Lanka's state-owned oil refiner said they plan to resume normal work Monday, ending a four-day work-to-rule action that …