U.S. oil major Chevron Corp. commenced crude oil output at its Frade prospect in Brazil, marking a significant milestone as foreign companies start to ramp up output in Latin America’s most-promising oil frontier. For full story, click here
Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, declared financial and operating results for the quarter ended March 31, 2009. For full story, click here
ConocoPhillips will keep its capital spending budget flat inext year amid volatility in the commodity and credit markets, The company will also not be aggressive with drilling activities in North America. Chairman and Chief Executive James Mulva said: The temporary pullback in the lower 48 U.S. states and Canada would result only in delays, not cancellations, of projects [...]
Atlas America reported record financial results for the second quarter of 2008. For more details on the results, click here
Get our independent commentary on oil trends and companies delivered to your inbox.
