The answer to the title question is that the best deal in the sector of energy today is the one which is undone. However it does nor necessarily mean that the Transocean shereholders has nothing to proud of. The company has just scored fresh contract of four from Petrobras. Generally every single contract of Offshore [...]
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Denmark Oil and Gas Exploration and Production Industry: Investment Opportunities, Analysis and Forecasts to 2012
Summary
This profile is the essential source for top-level industry data and information relating to the Exploration [...]
Several major oil companies agreed to a multimillion dollar deal to settle lawsuits surrounding their use of the gasoline additive MTBE, a potential carcinogen that has been found in drinking water.
Companies including BP PLC’s BP America Inc., Chevron Corp., ConocoPhillips, Royal Dutch Shell PLC’s Shell Oil Co., Marathon Oil Corp. and Valero Energy Corp. agreed [...]
French oil company Total SA, the world’s fourth-largest oil and gas company, said its first-quarter profit rose 18 percent thanks to higher commodity prices.
Excluding an after-tax inventory effect, adjusted net income increased 9 percent to 3.25 billion euros ($4.87 billion). The company’s exploration and production business accounted for 85 percent of overall operating profit.
The results [...]
Chevron Corp. reported the most profitable first quarter in its history, earning $5.17 billion, or $2.48 per share, in the first three months of the year, up 10 percent from $4.72 billion, or $2.18 per share, a year earlier.
The performance beat the average earnings estimate of $2.41 per share among analysts polled by Thomson Financial.
But [...]
For the first time in 18 days, retail gasoline prices fell — if only slightly. Some analysts think pump prices may be near or at a peak for the year. Oil futures, meanwhile, soared after Turkish airstrikes on Kurdish rebel bases in Iraq injected some supply concerns into the market and the Labor Department’s employment [...]
The anti-corruption group Transparency International rated more than 40 energy companies on how much they disclose about where they get their revenue, how much they pay host governments and how they operate.
The survey gave low grades to Exxon Mobil but praised Shell and Petrobras.
Royal Dutch Shell PLC, Brazil’s Petrobras, Norway’s StatoilHydro ASA and Petro-Canada are [...]
Venezuela began taking a bigger cut of foreign oil companies’ windfall profits, as a higher tax on those earnings went into effect.
Under a law approved Tuesday by the National Assembly, President Hugo Chavez’s government is charging a 50 percent tax on additional earnings when crude prices pass $70 per-barrel and 60 percent on additional earnings [...]
US oil giant Chevron on Monday rejected a court report holding it liable for 16.5 billion dollars in alleged environmental damage in Ecuador between 1964-1990, saying it owes the Ecuadoran government exactly “nothing.”
“What we’ll do is challenge it point by point … and insist that the report is absurd and illegal,” Chevron’s Ecuador representative Rodrigo [...]
Oil giants Chevron Corp. and Total have confirmed that they are in discussions with the Iraqi Oil Ministry to increase production in an important oil field in southern Iraq.
The discussions are aimed at finalizing a two-year deal, or technical support agreement, to boost production at the West Qurna Stage 1 oil field near Iraq’s second-largest [...]
