Exxon Mobil’s (XOM) investment thesis seems obvious. With their takeover plans for XTO Energy (XTO) it appears we have a very rare chance to buy the shares of the cash-rich, dividend-yielding “King of the Diversified Energy Companies.”
With it’s forward PE nearing 11, a 2.5% yield, priced at close to 1X sales, over $30 billion in [...]
HOUSTON, TX–(Marketwire - 01/25/10) - ThruBit LLC announced today the proof of cost savings and successful deployment of its Surelog? open hole logging tools, on series of difficult wellbores in South Texas using its proprietary through-the-bit memory logging system. Significant AFE savings has been generated using the ThruBit? (TBL?) conveyance method of through-the-bit in difficult [...]
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, [...]
Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Lucas Energy, Inc.
Lucas Energy, Inc. (NYSE Amex: LEI) is an independent oil and gas company based in Houston, Texas with approximately 15,000 gross (12,000 net) acres of oil and gas leases in South Texas, primarily in the Gonzales County, Texas area. [...]
China’s apparent* oil demand in November soared 18.7% from a year ago as the country’s economic recovery picked up momentum. November’s surge in oil demand marked the third straight month that the world’s second largest oil consumer posted double-digit yearly growth in oil demand.
Chinese oil demand was estimated to reach 33.67 million mt (8.22 million [...]
CALGARY, ALBERTA–(Marketwire - 11/10/09) - All values are in Canadian dollars and conversion of natural gas volumes to barrels of oil equivalent (boe) are at 6:1 unless otherwise indicated.
Provident Energy Trust (Provident) (TSX:PVE.UN - News) (NYSE:PVX - News) today announced its 2009 third quarter interim financial and operating results and the November cash distribution of [...]
Johannesburg - Government has come up with a draft national solar water heating framework aimed at popularizing the idea of solar water power, Energy Minister Dipuo Peters said on Thursday.
The minister said South Africa, as well as the rest of the continent, had long under-utilized the power of the sun while adding that the global [...]
Vanguard Energy Partners, a leader in the design and installation of large-scale solar electric systems, and Sharp Solar Energy Solutions, a division of Sharp Electronics Corporation, today announce the deployment of a 334-kilowatt solar power system at the Northwest Bergen County Utilities Authority (NBCUA) wastewater treatment plant in Waldwick, New Jersey. Completed earlier this [...]
Oil prices were essentially flat to end the week after Federal Reserve Chairman Ben Bernanke said this week that interest rates will have to be raised when the economy recovers in order to avoid inflation.
It has been the weak dollar that has attracted billions in investments in energy markets this year because oil is priced [...]
HOUSTON, TX–(Marketwire - 09/11/09) - Willbros Group, Inc. (NYSE:WG - News) announced today that Management will present at the D.A. Davidson Eighth Annual Engineering & Construction Conference in San Francisco to be held September 17 - 18, 2009.
The presentation will take place on Friday, September 18, 2009, at 7:45 a.m. Pacific Time (9:45 a.m. Central [...]
