Cairn India Ltd., a unit of U.K. explorer Cairn Energy Plc, has the option to export crude oil from its fields in India’s Rajasthan state if the government doesn’t find a buyer for the entire output. For full story, click here
Read the full article: "Cairn India Has Option to Export Rajasthan..."
Friday, January 30, 2009
Fitch Ratings has assigned an ‘A’ Rating to ConocoPhillips’ issuance of (up to) $6 billion in senior unsecured five-, 10-, and 30-year notes. For full story, click here
Read the full article: "Fitch rates ConocoPhillips notes"
Friday, January 30, 2009
Russian Prime Minister has signed a government resolution setting new export taxes on crude oil and some articles made of it that are exported outside the member-countries of the customs union, the prime minister’s press-secretary Dmitry Peskov said. For full story, click here
Read the full article: "Vladimir Putin approves of 101 dlr export..."
Friday, January 30, 2009
Imperial Oil president and CEO Bruce March says a long-term approach is paying off for the company in uncertain times despite a lower fourth quarter. Imperial Oil president and CEO Bruce March said: Our long-term approach has created a strong financial position that will continue to serve our shareholders well during times of economic uncertainty, [...]
Read the full article: "Imperial racks up record 2008 profits"
Thursday, January 29, 2009
The company announced this morning that it suffered a fourth-quarter net loss as revenue tumbled amid the steep decline in its crude oil selling price. For full story, click here
Read the full article: "Hess Corp. Suffers Quarterly Loss on Drop in..."
Thursday, January 29, 2009
Murphy Oil Corp said its fourth-quarter profit fell as lower crude oil and natural gas prices hurt sales. For full story, click here
Read the full article: "Murphy Oil quarterly profit falls"
Thursday, January 29, 2009
New York’s main futures contract, light sweet crude for March delivery, added 58 cents from its closing price on Tuesday to 42.16 dollars per barrel on the New York Mercantile Exchange. For full story, click here
Read the full article: "New York’s main futures contract,..."
Thursday, January 29, 2009
Oil prices rose on Wednesday as hopes for an economic rebound offset the impact of surging US crude oil inventories and a gloomy global outlook from the International Monetary Fund. Thierry Lefrancois of French investment bank Natixis, said: If US inventory stats continue to disappoint, we should expect to see a re-cheapening of WTI (West [...]
Read the full article: "Oil prices higher amid hopes for economic..."
Tuesday, January 27, 2009
The state of Alaska will issue key permits for drilling of the first two wells in a $1.3 billion gas cycling and condensate production project ExxonMobil plans at Point Thomson, 60 miles east of Prudhoe Bay, state Commissioner of Natural Resources, Tom Irwin, announced Tuesday afternoon in a press release. For full story, click here
Read the full article: "State agrees to issue key permits for Point..."
Tuesday, January 27, 2009
BHP and Woodside Petroleum Ltd. are among oil producers to have halted more than half of Australia’s output because of a tropical cyclone that also disrupted iron ore and gas exports from a harbor. For full story, click here
Read the full article: "BHP, Woodside Shut Australian Oil Fields on..."
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Friday, January 30, 2009