BAGHDAD, April 27 (UPI) — Iraq increased its signature bonuses for international oil companies to take part in six oil and two gas blocks to a total of $2.6 billion.
Reviews of the Final Tender Protocol by the Platts news service suggest the substantial size of the bonus is more characteristic of a loan to the [...]
Chevron’s African subsidiary selling assets in Kenya, Uganda to Total for undisclosed amount
SAN RAMON, Calif. (AP) — Chevron Corp. said Monday it will sell its Kenya and Uganda businesses to Total Outre Mer SA for an undisclosed amount.
Chevron Africa Holdings Ltd. will sell its entire stake in the businesses, which include 165 Caltex-branded service stations, [...]
By Joe Carroll
Oct. 30 (Bloomberg) — Exxon Mobil Corp., the world’s biggest oil company, said third-quarter profit jumped 58 percent, exceeding analyst estimates, as record crude prices made up for the largest drop in output in at least a decade.
Net income rose to $14.8 billion, or $2.86 a share, from $9.41 billion, or $1.70, [...]
By Laura Price
Oct. 18 (Bloomberg) — Petroleo Brasileiro SA, Brazil’s state-controlled oil company, said its monthly oil production rose to a record 1.89 million barrels a day in September.
Petrobras, as the company is known, said late yesterday in an e-mailed statement that total daily domestic output in September increased 7.26 percent from a year [...]
