Keyword: oil production

News

Eland Oil to List After Buying Nigeria Block

03.09.2012 - West Africa-focused energy firm Eland Oil and Gas will float on London's junior stock market on Monday with a market value of 135 million pounds ($214 million) after completing the...

News

OPEC Output Rises

30.08.2012 - OPEC crude oil output rose in August as Iranian shipments climbed slightly from its lowest in more than two decades and because of higher exports from Angola and Nigeria, a Reuters...

News

CNOOC Profit Slides, Cuts Dividend ahead of Canadian Buy

21.08.2012 - China's leading offshore oil producer CNOOC said its first-half net profit fell by almost a fifth - twice as much as the market had expected - and it cut its dividend by 40% to...

News

Petrobras Posts First Loss in 13 Years

04.08.2012 - Brazil's state-led oil giant Petrobras on Friday posted its first quarterly loss in more than 13 years, fanning concerns that the company, hampered by government intervention and...

News

Chevron Profit Slips, but Refineries Shine

27.07.2012 - Chevron profit fell 7% in the second quarter as oil prices weakened, the No. 2 U.S. oil company said on Friday, and oil and gas output will fall short this year, but margins are...

News

ExxonMobil Profit Lower than Expexted

26.07.2012 - ExxonMobil, the world's largest publicly traded oil company, posted lower-than-expected quarterly earnings on Thursday as its oil and gas output sagged and its chemicals business...

News

BG Looks to Long Term after Quarterly Setbacks

26.07.2012 - British oil firm BG Group said its key long-term projects were on track as it reported a series of short-term setbacks, including weaker-than-expected quarterly earnings, a cut in...

News

ConocoPhillips, Hess Profits Drop as Oil Prices Weaken

25.07.2012 - Lower oil prices hurt quarterly profits at ConocoPhillips and Hess, but both companies beat Wall Street forecasts. Conoco, reporting earnings for the first time since shedding its...