Century!
SINGAPORE, Jan 3, 2008 (AFP) - World oil prices eased in Asian trading on Thursday after briefly hitting 100 dollars a barrel for the first time, jolting …
Petroleum
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Northern Hunt
Dec 20, 2007 (LBO) – Sri Lanka plans to invite oil companies to explore for petroleum deposits in new areas in the north of the island, a senior minister …
Second Try
Dec 02, 2007 – Sri Lanka's plans to double its refinery capacity, which were dealt a severe blow after politicians fixed fuel prices last August, would …
Ill Wind
Dec 01, 2007 (LBO) – Sri Lanka's power engineers are protesting a controversial deal with Enercon, an Indian energy firm, alleging a massive procurement …
Flying Oil
Nov 27, 2007 (LBO) – Lanka IOC, a unit of Indian Oil Corporation, had applied to supply aviation fuel at a proposed new airport in southern Sri Lanka, a …
Top Dog
SHANGHAI, Nov 5, 2007 (AFP) - PetroChina became the world's largest company by market value Monday, worth nearly one trillion dollars -- double the value of …
Mini Hydro
Oct 30, 2007 (LBO) – Sri Lankan mini hydro power company Vidullanka Tuesday said net profit for the first half ending September 30, 2007 was up nine …
Smooth Ride
Oct 29, 2007 (LBO) – Chevron Lubricants Lanka said net profit for the September quarter shot up 78 percent to 325 million rupees from the same quarter a …
Offshore Business
Oct 18, 2007 (LBO) – Two of Sri Lanka's top listed conglomerates, John Keells Holdings and Hayleys are positioning themselves to exploit business …
Big Airbus
TOULOUSE, France, Oct 15, 2007 (AFP) - Airbus was to make the first delivery of its A380 superjumbo jet on Monday to Singapore Airlines, with elation and …
Oil Hunt
Oct 11, 2007 (LBO) – Sri Lanka's Petroleum Ministry said Thursday that 42 companies including seven oil majors attended a series of road shows held to …
Power Plan
Oct 09, 2007 (LBO) - Fresh legislation to regulate the power sector is being readied after Sri Lanka's highest court said an earlier plan to break up the …
Female Flyers
Oct 03, 2007 (LBO) – Sri Lanka may boast of having had the world's first woman prime minister and her daughter as the island's first female president, …
Northern Power
Sept 27, 2007 (LBO) – A Malaysian firm which has bought a listed construction firm in Colombo has said it had bought an independent power producer (IPP) …
More Lube
Sept 14, 2007 (LBO) – The Sri Lanka has given approval for three more companies to sell lubricants in the island, raising to nine the number of companies …
Price War
Sept 13, 2007 (LBO) – The bunker fuels subsidiary of John Keells Holdings, a top money-spinner of the group, looks set to face heightened competition …
Peak Price
SINGAPORE, Sept 13, 2007 (AFP) - Crude oil prices weakened in Asian trade Thursday on profit-taking after scaling new peaks on concerns over tight US supplies …
Gas Market
Sept 13, 2007 (LBO) – Lanka Auto Gas and Fuel Systems (LAUGFS) plans to set up a gas storage terminal in southern Galle at a cost of 12 million dollars, …
New High
VIENNA, Sept 11, 2007 (AFP) - OPEC exporters agreed Tuesday to pump an extra 500,000 barrels of oil a day to cool near-record crude prices, in a victory for …
Hedging Game
Sept 11, 2007 (LBO) – Lanka IOC, the Sri Lanka unit of the Indian Oil Corporation, has started to hedge oil imports with positive initial results, an …