Keyword: oil production

News

ConocoPhillips to Sell Kazakh Stake for $5 Billion to ONGC

26.11.2012 - ConocoPhillips is to sell its 8.4% stake in Kazakh oil field Kashagan for about $5 billion to Oil and Natural Gas Corp, a state-run Indian group looking to boost production...

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BP to Restructure Oil Production Unit

23.11.2012 - BP is planning to announce a reorganization of its oil and gas production operations, three sources familiar with the matter said, the second significant restructuring of its main...

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Total Sells $2.5 Billion Nigeria Oil Field Stake to Sinopec

19.11.2012 - Total is selling a 20% stake in a Nigerian offshore oil field to China's Sinopec in a $2.5 billion deal which will help the French oil group fund its ambitious exploration plans...

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Nigeria Exxon Spill Spreads for Miles Along Coast

18.11.2012 - An oil spill at an ExxonMobil facility offshore from the Niger Delta has spread at least 20 miles from its source, coating waters used by fishermen in a film of sludge. A Reuters...

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OPEC Acknowledges Shale Oil Supply May Be Significant

08.11.2012 - OPEC acknowledged for the first time on Thursday that technology for extracting oil and gas from shale is changing the global supply picture significantly, and said demand for...

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Chevron Profit Down on Reduced Output, Weak Refining

03.11.2012 - Chevron posted earnings on Friday that were much lower than expected as maintenance exacerbated a decline this year in oil and natural gas production, and shares of the second...

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Strong Refining Margins Boost Total Q3

31.10.2012 - French oil company Total reported a 20% rise in third-quarter net adjusted profit to €.348 billion on Wednesday, beating analysts' expectations thanks to a sharp increase in...

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Occidental, Conoco Q3 Profits Fall on Lower Prices

26.10.2012 - ConocoPhillips and Occidental Petroleum reported quarterly results that topped Wall Street estimates as they produced more oil and gas than expected, even as lower prices hurt...