Chevron, the second-largest US oil group, has given the green light to the $7.5bn development of two large fields in the Gulf of Mexico
Posted on 21 October 2010.
Chevron, the second-largest US oil group, has given the green light to the $7.5bn development of two large fields in the Gulf of Mexico
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Posted on 21 October 2010.
Benchmarks were playing catch-up game with broader markets as investors bought up stocks from oil&gas, FMCG and realty space.
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Posted on 21 October 2010.
The London-listed oil company is poised to strike a $187.5m deal with Royal Dutch Shell, France’s Total and Italy’s Agip for their combined stake in the OML 26 field
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Posted on 20 October 2010.
Strong 6.5 per cent production growth reached a record level in the third quarter, pushing net profit to $1.2bn
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Posted on 20 October 2010.
Goldman’s forecast that crude prices will break the triple-digit barrier by the end of the year runs up against a sanguine industry view
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Posted on 19 October 2010.
Ali al-Naimi, Saudi Arabia’s oil minister, has rejected suggestions that the era of cheaply explored oil is over, saying that his country’s largest oilfield, Ghawar, still holds at least 88bn barrel of easily extracted oil reserves
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Posted on 19 October 2010.
The Falklands Islands-focused oil explorer hopes to raise £200m through an accelerated bookbuilding to extend its drilling programme just days after cutting its resource estimates
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Posted on 19 October 2010.
Move is latest by chief executive Bob Dudley as he tries to restore BP’s reputation after the disastrous spill in the Gulf of Mexico
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Posted on 18 October 2010.
Closures of US coal-fired power plants are set to accelerate sharply during the coming decade as a wave of environmental regulations hits the industry, analysts and executives believe
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Posted on 18 October 2010.
Halliburton, the second biggest oilfield services company in the world, said it more than doubled net income in the third quarter as the shale gas and oil boom in the US offset a slowdown in Gulf of Mexico activity following the BP spill
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