China’s top offshore oil and gas producer CNOOC Ltd. produced 15 percent more oil and gas in the first quarter, but its total revenue dips 42 percent due to the sharp fall in crude prices. For full story, click here
Read the full article: "CNOOC Q1 output surge 15 percent, sales dip..."
Thursday, April 30, 2009
India’s Mangalore Refinery and Petrochemicals Ltd. announced that it has issued a tender to purchase 650,000 barrels of crude for loading between July 1 and July 15. For full story, click here
Read the full article: "India’s MRPL is seeking July Crude"
Thursday, April 30, 2009
Kuwait is expected to surge its crude exports to China by 36 percent this year to 8 million tonnes, as the Gulf oil exporter works hard to land a major refinery deal with top Asian refiner Sinopec Corp. For full story, click here
Read the full article: "Kuwait’s 2009 Crude Supply to China..."
Thursday, April 30, 2009
India’s crude oil output fell 1.8 per cent in 2008-09 to 33.5 million tonnes as the nation’s leading producer Oil and Natural Gas Corporation recorded more than two per cent dip in its output. For full story, click here
Read the full article: "Crude Oil Output dips 1.8%"
Wednesday, April 29, 2009
Crude oil continued to trade low for the second consecutive day, thereby causing oil and gas stocks slip into red on the Bombay Stock Exchange today. For full story, click here
Read the full article: "Crude Oil continued to trade lower"
Wednesday, April 29, 2009
Libya’s top oil official declared that his country is keen to invest in oil-and-gas exploration off Cyprus’ southern coast. For full story, click here
Read the full article: "Libya is keen on Cyprus Oil and Gas..."
Wednesday, April 29, 2009
Americas Petrogas Inc. announced that the early production facilities required to initiate long term production testing from the three wells drilled by the Company in 2008 on the 106 sq. km. For full story, click here
Read the full article: "Americas Petrogas declared operations update"
Wednesday, April 29, 2009
CE Franklin Ltd. declared net income of $0.33 per share for the first quarter ended March 31, 2009, a dip of 3% from $0.34 per share earned in the first quarter ended March 31, 2008. Michael West, President and CEO, stated: Our diversification strategies continue to progress, offsetting the decline in activity levels that has [...]
Read the full article: "CE Franklin declared 2009 first quarter..."
Tuesday, April 28, 2009
Crude oil output growth from deepwater areas may stagnate due to current oil prices make it unprofitable to tap new deposits and large discoveries dwindle. For full story, click here
Read the full article: "Deepwater Oil Output Growth To Stagnate On..."
Tuesday, April 28, 2009
Nexen Inc., the Canadian oil company that operates fields in the U.K. North Sea and Yemen, declared that its first-quarter profit dipped 79 percent after energy prices tumbled. For full story, click here
Read the full article: "Nexen first quarter profit dips after Crude..."
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Thursday, April 30, 2009