By HASSAN HAFIDH
A consortium led by Exxon Mobil Corp. and Royal Dutch Shell PLC accepted contract amendments made by the Iraqi government to develop an oil field in southern Iraq, a senior Ministry of Oil official said.
“They have accepted the changes, and we are finalizing the deal with them on Jan. 25,” Abdul Mahdy al-Ameedi, [...]
ANCHORAGE, Alaska–(BUSINESS WIRE)–ExxonMobil Production Company announced today that it has completed drilling and casing the surface section on the second well at Point Thomson. The well reached its target surface-section depth of 4,875 feet. Both wells are planned to be completed to their final depths by year end 2010. Additionally, construction work is progressing on [...]
ConocoPhillips (NYSE: COP - News), JSC National Company KazMunayGas (KMG) and Mubadala Development Company PJSC (Mubadala) today announced that they have signed project agreements allowing the joint exploration and development of the Nursultan Block (N Block) located in offshore Kazakhstan.
KMG as majority owner will hold a 51 percent interest in the subsoil use contract and [...]
DOW JONES NEWSWIRES
The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn’t purport to be a comprehensive list.
ExxonMobil (XOM) shut a CO Boiler at key gasoline-making FCCU No. 3 at its Baytown, [...]
By Joe Carroll
Nov. 10 (Bloomberg) — Petroleo Brasileiro SA, the investor darling among the world’s largest oil companies in the first half of the year, has become the biggest loser.
Petrobras, as Brazil’s state-controlled oil producer is known, is the worst performer among the top 10 publicly traded oil companies since May. The stock dropped 53 [...]
by Oliver Klaus Dow Jones Newswires
ConocoPhillips, the third-largest U.S. oil company by market value, will make a final investment decision next year on the estimated $10 billion Shah sour gas project in Abu Dhabi once preliminary engineering has been completed, a top company official said Monday.
“We’re still [...]
By Edward Klump
Oct. 22 (Bloomberg) — ConocoPhillips, the third-largest U.S. oil company, posted a 41 percent profit increase after gains in energy prices made up for a drop in production. The company’s shares fell as New York oil futures tumbled.
Third-quarter net income climbed to $5.19 billion, or $3.39 a share, from $3.67 billion, or $2.23, [...]
The Associated Press
DUBAI, United Arab Emirates: Abu Dhabi’s Mubadala Development Co. and U.S. oil giant ConocoPhillips said Sunday they have signed a deal with Kazakhstan’s national oil company to drill in a potentially lucrative oil and gas region in the Caspian Sea.
The memorandum of understanding with Kazakhstan’s KazMunayGas tentatively gives Houston-based ConocoPhillips and Mubadala, one [...]
The Alaska governor may have raised taxes on the oil industry and scrapped a questionable pipeline deal, but in Washington she’ll toe the party line.
By Steve Hargreaves, CNNMoney.com staff writer
NEW YORK (CNNMoney.com) — Sarah Palin gets a lot of credit for standing up to Big Oil in Alaska, but if she and John McCain win [...]
HOUSTON: ConocoPhillips, the third-largest U.S. oil company, said Thursday that global production of oil and natural gas in the third quarter was likely flat or slightly below second-quarter levels, in part from disruptions caused by two storms in the Gulf of Mexico.
The Houston-based company said hurricanes Gustav and Ike, which shut down Gulf production for [...]
