As oil set a new record, top industry executives and a senior European government official urged the world to pull together in the face of skyrocketing energy prices, while acknowledging that costly crude is here to stay for years.
The comments to the World Petroleum Congress In Madrid, Spain, by the EU Energy Commissioner and the [...]
Shares of BPZ Resources Inc. soared after the oil and gas exploration and production company said it is in talks with a unit of Royal Dutch Shell PLC about jointly developing Peru properties.
The companies agreed to negotiate terms of a so-called farmout agreement whereby Shell may earn a stake in three northwestern Peru properties that [...]
Nigeria’s president ordered the armed forces to beef up security after an attack by militants on oil installations in an offshore field.
The Thursday assault on a rig in the Bonga oil field nearly 100 miles from Nigeria’s southern coast caused Royal Dutch Shell PLC to shut down 200,000 barrels per day in production.
Oil prices rebounded sharply from a dip below $132 a barrel, ending higher Thursday in another volatile session fueled by a rising dollar and concerns about supplies. Gas prices reached new record at the pump, rising to a national average of $4.06 a gallon, and are likely to keep climbing.
Light, sweet crude for July [...]
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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 [...]
The price of crude oil struck a record high 126.40 dollars a barrel on Monday amid tensions in the Middle East and ongoing supply fears in Nigeria, traders said.
New York crude beat its all-time peak of 126.27 dollars, reached last Friday.
Later Monday, New York’s main oil futures contract, light sweet crude for June delivery, stood [...]
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 [...]
Iraq’s oil ministry said it is postponing the deadline for bids to develop the prized Akkas natural gas field in the western part of the country until May 18. The new deadline comes after the ministry said it was unable to lure enough offers by a previous deadline two weeks ago because of a lack [...]
Crude oil futures leaped to a new all-time high above $120 a barrel as supply concerns grew and the U.S. dollar weakened against the euro. Retail gasoline and diesel prices eased over the weekend, although pricier oil threatens to push them higher again.
Light, sweet crude for June delivery jumped to a new trading record of [...]
