InterOil reported financial results for full year and Q4, 2008
InterOil Corporation revealed financial results for the 2008 full year and fourth quarter. For full story, click here
Archive for March, 2009
Oil Refineries announced financial results for year end 2008
Oil Refineries Ltd. revealed its financial results for three and twelve month periods ending December 31, 2008. For full story, click here
Higher Oil: Sign Of Economic Growth
It was a stock that people loved to hate. During the first half of 2008, investors cringed when they saw rallies in the price of oil. As crude surged to $150 a barrel last year, equity investors bemoaned the hit, and worried and gossiped about the outlook for consumer-oriented firms which would need to spend more on gas. Then the tide turned.
AOC Holdings acquires North sea oil stake from Talisman
Japanese oil firm AOC Holdings announced that it would acquire a 10 percent stake in PL332 block in the Norwegian sector of the North Sea from Canada’s Talisman Energy. For full story, click here
Vietnam’s crude oil exports surges in 1st 2 months in 2009
Vietnam reported to have shipped 2.79 million tons of crude oil in the first two months this year, a year-on-year rise of 22.6 percent. For full story, click here
Nigeria’s crude oil earnings dipped by 50%
The Nigeria National Petroleum Corporation announced a shortfall in oil revenue from average 2.2 billion U.S dollars monthly recorded in 2008 to about 1 billion U.S dollars in January 2009. For full story, click here
Crude oil fell $2.05
Crude oil dipped $2.05 to $52.29 a barrel in electronic trading on the New York Mercantile Exchange. For full story, click here
MRPL reported plans to tap spot crude mkts regularly
Mangalore Refinery and Petrochemicals Ltd announced its plans to regularly float crude purchase tenders in the year beginning April, after negligible spot purchases in 2008/09. For full story, click here
Crude Inventories hiked by 3.3mn bbls, highest since 1993
Crude inventories surged to highest since 1993 and was up for 22nd in 26 weeks. Crude inventories gained 3.3 million barrels, to 356.6 million barrels; it was up by 13% on a 5-year average. For full story, click here
Caza Oil and Gas declared financial results for year 2008
Caza Oil & Gas, Inc. reported the Company’s final audited results for the year ended December 31, 2008. W. Michael Ford, Chief Executive Officer, commented: I am pleased to announce continued success in Caza’s exploration and production activities. Over the course of 2008, we have experienced a 92% success rate on our drilling program. As [...]
