After BP-Rosneft deal falls through, Exxon score a major coup with partnership that grants them access to untapped reserves that could top 110 billion barrels of oil equivalent.
Continue reading "Exxon Tie Up Deal With Rosneft To Explore Russian Arctic"
Monday, June 13, 2011
Oil companies are hoping this latest major find will provide further justification for speeding up the permit issuing process for deepwater drilling in the Gulf of Mexico.
Monday, May 9, 2011
A brief look at 3 oil exploration hotspots, all of which have already produced multi-billion barrel finds of recoverable crude in the last few years, and that may still hold much more.
Continue reading "Oil Exploration Hotspots"
Tuesday, June 8, 2010
Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not fallen nationwide for two consecutive weeks since January.
Continue reading "Oil Prices Climb on Supply Concerns and Bernanke Comments"
Monday, July 27, 2009
BP Plc, Europe’s second-biggest oil company, announced a 53 percent dip in profit as the recession dragged down energy prices and cut demand for fuel. For full story, click here
Continue reading "BP Profit has dipped on plunging Oil, refining margins"
Wednesday, March 4, 2009
BP has cut-down its production forecast as well as capital spending on the expectation that low oil prices and reduced demand amid the global slump will last through this year and possibly into 2010. Chief Executive Tony Hayward, said: We therefore do not expect a quick recovery, and it would be wise to prepare for [...]
Continue reading "BP cuts back production, capital spending forecasts"
Tuesday, February 3, 2009
The list of the world’s biggest oil companies stung by crude’s swift collapse grew by two on Tuesday, as BP PLC and Marathon Oil Corp. both reported fourth-quarter losses to end a dismal earnings period for major producers. For full story, click here
Continue reading "Marathon, BP close out terrible 4Q for oil sector"
Tuesday, February 3, 2009
BP and Reliance Industries signed a production sharing contract for the block KG-DWN-2005/2 with the Indian government. For full story, click here
Continue reading "BP, RIL sign contract"
Wednesday, January 14, 2009
BP and Reliance Industries signed a production sharing contract for the block KG-DWN-2005/2 with the Indian government. For full story, click here
Continue reading "BP, RIL sign contract to jointly explore in KG basin"
Wednesday, December 24, 2008
BP and Reliance Industries (RIL) on Monday signed a production sharing contract for the block KG-DWN-2005/2 with the Government of India. For full story, click here
Continue reading "BP gets ready to explore the Indian deepwater"
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Tuesday, September 6, 2011