ERHC Energy Inc. (OTC.BB:ERHE - News), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today reported financial results for the third quarter ended June 30, 2009.
As of June 30, 2009, ERHC reported cash and cash equivalents totaling $23,597,089.
General and administrative [...]
Vantage Drilling Company (”Vantage”) (AMEX:VTG-U - News) (AMEX:VTG - News) (AMEX:VTG-WS - News) reports net income of $4.0 million or $0.04 per diluted share for the three months ended June 30, 2009 as compared to a loss of $0.5 million or ($0.01) per diluted share for the three months ended June 30, 2008.
For the six [...]
Chevron discovers oil and natural gas off coast of Angola, extends presence in West Africa.
SAN RAMON, Calif. (AP) — Chevron Corp. on Friday said its affiliate struck oil and natural gas off the coast of Angola.
The second-largest U.S. oil company said its affiliate Cabinda Gulf Oil Co. Ltd. and its partners made the discovery in [...]
Exxon Mobil finished a roller-coaster year in the oil markets with an all-time record $45.2 billion in profits, despite fourth-quarter earnings that were a third lower than the same period a year before.
With oil prices slumping, Exxon Mobil suffered a sharp drop in profits from producing oil and gas but higher profit margins at refueling [...]
Total announced positive appraisal results for the Moho Nord Marine-3 well, lying around 80 kilometers offshore of the Republic of Congo in 1,030 meters of water in the northern part of the Moho-Bilondo license. The discovery follows on from the Moho Nord Marine-1 and 2 finds in 2007.
Moho Marine Nord-3 was drilled to a total [...]
IRVING, Texas, Nov 19, 2008 (BUSINESS WIRE) — Exxon Mobil Corporation (NYSE:XOM) announced today its affiliate, ExxonMobil Exploration and Production Turkey B.V., has signed an agreement with Turkish national oil company, TA 1/4rkiye Petrolleri Anonim OrtaklAAYA (TPAO), to explore in two large deepwater blocks offshore Turkey, marking ExxonMobil’s entry into Black Sea exploration.
ExxonMobil will become [...]
By EMMANUEL TUMANJONG
YAOUNDE, Cameroon (AP) — A Cameroon militia group took 10 mostly foreign oil workers hostage Friday off this West African nation’s coast, and threatened to kill the captives if demands for autonomy talks with the government are not met.
Militia commander Ebi Dari told The Associated Press by telephone from an undisclosed location that [...]
PERTH -(Dow Jones)- U.S.-based Chevron Corp. (CVX) said Monday that Australia’s proposed carbon emissions trading scheme threatens the viability of its multibillion dollar liquefied natural gas projects offshore Western Australia state.
Roy Krzywosinski, managing director of Chevron Australia, said that the proposed scheme could hike operating costs at Chevron’s Gorgon and Wheatstone projects by as [...]
