Posts Tagged ‘oil and gas production’

Chevron, Marathon Oil Corp, and Exxon Mobil Corp Gulf Coast Oil and Gas Production Reported Unharmed in Ida

November 11th, 2009

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 [...]

Bonanza Oil & Gas Announces Updates on Apclark Project

June 30th, 2009

-Bonanza Oil and Gas, Inc. (OTCBB:BGOI - News), an independent oil and gas company, is pleased to provide an update on its Apclark project located in Borden County, TX.
Westerly Exploration, operator for the Apclark Field, moved on location June 12, 2008 for the Jackson #1. The well was prepared for a re-stimulation of producing zones [...]

Nebraska experience makes case for more nuclear energy

May 26th, 2009

Sen. Ben Nelson
For more than a third of a century, Nebraska has been a leader in nuclear production and can serve as a model in addressing our Nation’s energy and environmental needs. While our state only has two nuclear plants — Fort Calhoun Nuclear Station north of Omaha and Cooper Nuclear Station near Brownville — [...]

G8 energy leaders press for oil price stability

May 25th, 2009

By Rania El Gamal and Silvia Aloisi
ROME, May 24 (Reuters) - Energy leaders on Sunday debated what oil price would spur investment in the sector without hurting a wider global economic recovery, as top producer Saudi Arabia forecast prices eventually moving towards $75 a barrel.
The Group of Eight energy ministers are meeting in Rome [...]

Chevron To Proceed With Investment Plan In South Asia

May 14th, 2009

BANGKOK (Dow Jones)–U.S.-based oil giant Chevron Corp. (CVX) plans to move ahead with investments in South Asia amid an expected strong economic recovery in the overall region.
“Asia will have the quickest recovery to feed future demand growth. We have strategic locations in Asia to support growth in the long term,” Joe Geagea, managing director [...]

Budget plan cuts tax breaks for oil and gas industry

May 9th, 2009

WASHINGTON D.C.: President Barack Obama’s budget plan could have a major effect on oil and gas companies, cutting back on tax breaks and royalty relief for the industry.
The budget proposal will use a new excise tax on offshore oil and gas production in the Gulf of Mexico to close what the administration termed “loopholes that [...]

Chevron profits double to $7.9bn

November 3rd, 2008

By Hal Weitzman in Chicago
Profits at Chevron more than doubled in the third quarter, as record oil prices and bigger margins pushed earnings at the US’s second largest oil and gas company well beyond Wall Street’s expectations.
Net profit was $7.9bn or $3.85 per share, up from $3.7bn or $1.75 per share in the same period [...]

Premier Energy Corp. Proposes Purchase of Texas Oil and Gas Producing Property and PetroChina Posts 30% Rise in Quarterly Net income

October 29th, 2008

City of Industry, CA –(www.FinancialNewsUSA.com)– 10/29/2008 - Oil and Gas Exploration industry news provided by Financial News USA (OTC: FNWU). Premier Energy Corp. (OTCBB: PNRC) announced today that it has initiated the process to acquire a major property in Texas with substantial oil and gas production and reserves as well as other operating business interests. [...]

China’s CNOOC announces oil, gas output rise 15.2% for Q3

October 29th, 2008

BEIJING, Oct. 28 (Xinhua) — China National Offshore Oil Company Limited (CNOOC Ltd.) announced Tuesday that its net oil and gas output in the third quarter of 2008 rose by 15.2 percent over the same period last year.
The state-owned offshore oil producer said that its unaudited total revenue was 30.9 billion [...]

PetroChina to increase investment in oil, gas business despite financial crisis

October 22nd, 2008

PetroChina Company Limited will increase its investment in its oil and gas business from 60 to 70 percent in 2009, said company chairman Jiang Jiemin on Tuesday.
PetroChina’s losses during the global financial crisis are “limited and under control”, Jiang told reporters after a shareholders meeting. He said it’s because the company has focused the majority [...]