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, [...]
HOUSTON, Nov. 10 /PRNewswire/ — Winning Strategies (www.winningstrategies.net) Editor Tim Connolly reported today that Tropical Storm Ida continues its weakness on landfall in the Gulf of Mexico and the National Hurricane Center now reports that all storm warnings have been discontinued as of 9:00 a.m. ET.
Major producers Chevron, Marathon Oil Corp, and Exxon Mobil Corp [...]
By Russell Gold
Oil prices are on the march, again, surprising many observers by reaching $66 a barrel in the midst of a global downturn.
Next stop? Respected oil-market analyst Paul Horsnell of Barclays says $75. “When the market as a whole starts to believe that $75 is pretty much inevitable, then it might as well go [...]
NEW YORK (AP) — Oil prices wavered Thursday as the nation’s employment picture darkened and consumers pulled back on spending.
Benchmark crude for June delivery ticked up 15 cents to settle at $51.12 a barrel on the New York Mercantile Exchange. In London, Brent prices rose 2 cents to settle at $50.80 a barrel on the [...]
Chevron Corp. rode 2008’s historic spike in oil prices to a record $23.93 billion annual profit, despite the petroleum market’s collapse in the second half of the year.
Chevron’s profit report, released Friday, graphically illustrates just how high oil prices rose last summer and how far they fell as the economic crisis cut the world’s thirst [...]
By Yereth Rosen
ANCHORAGE, Alaska (Reuters) - Alaska’s natural resources commissioner on Tuesday granted a temporary reprieve to Exxon Mobil Corp (XOM.N) and its oil-company partners, which are seeking to drill in a long-dormant oil and gas field where the state has revoked leases for non-performance.
Natural Resources Commissioner Tom Irwin announced he has “conditionally reinstated” two [...]
By Jose Orozco and Steven Bodzin
Jan. 16 (Bloomberg) – Oil prices need to rise to about $70 a barrel to sustain investments in fields and avoid shortages, Venezuelan Energy and Oil Minister Rafael Ramirez said.
Venezuela, the biggest oil exporter in the Americas, is discussing prices with other members of the Organization of Petroleum Exporting Countries, [...]
By Braden Reddall
SAN FRANCISCO (Reuters) - Chevron Corp (CVX.N) expects its fourth-quarter earnings to be significantly lower than the previous quarter due to the impact of lower energy prices on its exploration and production business.
The second-largest U.S. oil and gas company also said on Thursday its U.S. oil-equivalent production in October and November was 608,000 [...]
By Nicholas Comfort
Dec. 29 (Bloomberg) — Natural-gas suppliers in Germany, Europe’s biggest energy market, expect to maintain deliveries of the heating fuel even as stockpiles fall to a seven-month low and Russia threatens to halt shipments to Ukraine.
Utilities E.ON AG and RWE AG and gas provider Wingas GmbH said customers won’t experience any disruption in [...]
By Will Kennedy
Dec. 4 (Bloomberg) — Nippon Oil Corp., Japan’s largest oil refiner, and Nippon Mining Holdings Inc. will merge next year, the Nikkei newspaper reported.
The tie-up, creating Japan’s fourth-largest company by sales, will be announced by the presidents of both companies later today, a version of the report published by Nikkei English News [...]
