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Oil

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News archive for Oil

Oil Trades Little Changed After Falling on US Slowdown Risk  -  28 Aug 2007
Bloomberg29 (Bloomberg) -- Crude oil was little changed in New York after dropping on signs sliding US home and equity prices may weigh on growth in the world's

Subprime woes cloud oil demand picture: OPEC  -  28 Aug 2007
Economic Times,Angola, the biggest oil producer in sub-Saharan Africa after Nigeria, is not bound by an Opec group pledge last year to lower production by 1.7 million

EMERGING MARKETS REPORT Kazakh oil firm buys 75% of Romania's ...  -  28 Aug 2007
MarketWatchIn a joint statement Monday, KazMunayGas (UK:KMG: news, chart, profile) and Rompetrol said that the enterprise value of the Romanian oil company was $3.6

Reports: Kazakhstan suspends operations at massive Kashagan oil ...  -  28 Aug 2007
International Herald Tribune,AP ALMATY, Kazakhstan: Kazakh officials have ordered operations at the country's largest oil development suspended and the Finance Ministry announced a

Court Orders Arrest of Oil Tycoon  -  28 Aug 2007
The Moscow Times,The move against Russneft comes amid renewed speculation that the Kremlin is heading closer to creating a giant state-run oil holding, which would include

Oil up on US gasoline tightness, expectations for a further ...  -  28 Aug 2007
Forbes,LONDON (Thomson Financial) - Oil rose, supported by tight US gasoline supplies and expectations that a weekly report out tomorrow will show motor fuel

Gunmen Set Free Two Hostages in Nigerian Oil Delta  -  28 Aug 2007
Voice of AmericaBy Gilbert da Costa Gunmen in Nigeria's troubled oil-rich southern Rivers state have set free a Nigerian oil worker and a Pakistani construction manager

Malaysian crude palm oil futures largely unchanged  -  28 Aug 2007
Daily Times,KUALA LUMPUR: Malaysian crude palm oil futures were largely unchanged on Tuesday, with the market divided over the supply outlook following comments by the

Oil prices up on US supply worries  -  28 Aug 2007
Economic Times,LONDON: Oil prices extended gains on Tuesday owing to concerns about tight supplies in the United States, which is the world's biggest consumer of energy.

Oil Drillers: Well-Positioned for Gains  -  28 Aug 2007
BusinessWeekAmong the top plays: Noble by Sam Stovall From Standard & Poor's Equity Research The Standard & Poor's 1500 Oil & Gas Drilling subindustry index has seen an

LUKoil Reaches Deal on Oil Supply  -  28 Aug 2007
The Moscow Times,LUKoil has reached an oil supply deal with Germany, the company said Tuesday after cutting supplies by a third in July during a pricing dispute with a crude

Questor: Servicing oil explorers does well for Wood but Bunzl's ...  -  28 Aug 2007
Telegraph.co.uk,The high oil price encourages more exploration activity. More exploration means greater use of services provided by companies like John Wood Group.

Oslo shares close lower led down by oil producers, Seadrill, REC ...  -  28 Aug 2007
Forbes,Oil stocks were weaker as crude oil price fell, although dealers said expectations that the US weekly oil stocks data due tomorrow will show falling stocks

Sector Glance: Integrated Oil  -  28 Aug 2007
Forbes,AP 08.28.07, 4:23 PM ET Shares of integrated oil companies fell on Monday afternoon, echoing a decline in the broader markets, while oil prices fluctuated

Big US oil: Tepid on Libya  -  28 Aug 2007
CNNMoney.comCNN's Charles Hodson asks Petrobras' President and CEO whether oil prices are going to ease in the future. But while oil companies from Canada, Norway,

Report: Saudis assembling US-trained force to protect oil plants  -  28 Aug 2007
USA TodayWorried about threats from al-Qaeda, Saudi Arabia is marshaling a security force to protect the vast oil facilities of the word's largest producer and

Kidnapped deputy oil minister freed in Iraq  -  28 Aug 2007
Reuters India,BAGHDAD (Reuters) - Kidnapped Iraqi Deputy Oil Minister Abdul Jabbar al-Wagga was freed on Tuesday along with three other oil officials, a spokesman for the

Energy Midday Roundup: Lehman Likes Oil  -  28 Aug 2007
Forbes,AP 08.28.07, 1:21 PM ET Lehman Brothers remains positive on the oil service and drilling sector, saying prices will remain high for the foreseeable future.

Sector Snap: Oil Services  -  28 Aug 2007
Forbes,AP 08.28.07, 12:45 PM ET Shares of oil services companies fell Tuesday, echoing a decline in the broader market, which overshadowed strengths in the sector

Angola: Opec Praises Facilities of Assistance to Oil Activity  -  28 Aug 2007
AllAfrica.com,Accompanied by the deputy minister of Oil, Aníbal Silva, apart from the main premises, Abdalla Salem El-Hadri visited the FMC Technologies Firm,

Exxon sells more Imperial Oil shares– Insiders  -  28 Aug 2007
Canada.com,Exxon Mobil Corp. sold 1030260 shares of Imperial Oil Ltd. from Aug 8 to Aug 24, 2007 through Roytor & Co. Exxon is Imperial's majority shareholder.

GulfMark to Present at the Pareto Securities' 14th Annual Oil and ...  -  28 Aug 2007
CNNMoney.comAmong the factors that could cause actual results to differ materially are: price of oil and gas and their effect on industry conditions;

Nigeria: Oil Theft Costs Nigeria $14bn Yearly  -  28 Aug 2007
AllAfrica.com,Nigeria loses $14 billion a year to the highly lucrative and illegal business of oil bunkering, the President of the Corporate Council on Africa,

Hydro acquires interests in UK oil fields  -  28 Aug 2007
Norway Post,Hydro has reached an agreement with Chevron North Sea Ltd. to acquire their total interests in the Mariner and Bressay heavy oil fields on the UK

Essar Oil eyes delisting sans open offer  -  28 Aug 2007
Business Standard,The Essar group has sought the market regulator’s permission to delist Essar Oil without having to make an open offer. The promoters had last year purchased

RPT Isl Oil & Gas concludes asset swap agreement with OMV after ...  -  28 Aug 2007
Forbes,LONDON (Thomson Financial) - Island Oil & Gas PLC said it has concluded the asset swap agreement with Austrian oil group OMV AG after receiving relevant

Enviro Voraxial Technology to Demonstrate Voraxial at Major Oil ...  -  28 Aug 2007
CNNMoney.comAt the booth, the Company will demonstrate the Voraxial(R) 1000 Separator conducting oil/water separation. Further, the Voraxial(R) 2000 Produced Water Skid

ENERGY STOCKS Oil stocks extend losses  -  28 Aug 2007
MarketWatchRetreating oil and gas prices were also undermining support for energy stocks, with October crude futures down 25 cents at $71.74 a barrel on a raft of

Uganda: Analysts Want Oil Agreements Made Public  -  28 Aug 2007
AllAfrica.com,THE Government has been criticised for not making the oil production sharing agreements public, a move analysts say will make it difficult to manage

China May Expand Oil Exploration, Refining Investments in Peru  -  28 Aug 2007
BloombergPeruvian government officials will meet with executives at China National Petroleum Corp., the nation's biggest oil company, later this week,

How to Pick a Big Oil Stock  -  28 Aug 2007
TheStreet.comBy Chuck Marvin With oil prices still hovering around the $70-a-barrel level, it's no surprise that investors are throwing loads of money at oil companies.

Why did Big Oil cave on Hebron?  -  28 Aug 2007
Canada.com,The background: The oil consortium, which also includes Exxon Mobil Corp., Hebron's largest owner, Petro-Canada and Norsk Hydro, signed a memorandum of

Oil Investors Lack Cash  -  28 Aug 2007
AllAfrica.com,UGANDAN Investors in the oil sector could continue lose out if the banks continue to frustrate them, the Minister for Energy and Mineral Development has

Thomson Financial Europe AM at a glance share guide: Stocks, oil mixed  -  28 Aug 2007
Forbes,OIL: Oil and gasoline prices bounced back from an early slump Monday, closing higher as traders shifted their focus to the tightness of US gasoline supplies

Lykins Oil increases presence in Kentucky  -  28 Aug 2007
Cincinnati Post,Lykins Oil Co. has completed three recent acquisitions in Kentucky in an effort to expand the Milford, Ohio-based company's presence outside of Greater

Nospetco Partners Plural Oil For Offshore Operations  -  28 Aug 2007
AllAfrica.com,NOSPECTCO Oil and Gas Limited, an emerging indigenous oil firm, has entered into a Joint Venture (JV) agreement with Plural Oil Marketing Limited for

Oil drilling in northwest China turns green  -  28 Aug 2007
Xinhua,..."The barren mountainous land was pock-faced with thousands of small oil wells, and stinky sewage was flowing everywhere, threatening our drinking water,"

Asian Stocks Drop in US Trading; China Telecom, Sinopec Fall  -  28 Aug 2007
BloombergThe unit of Asia's biggest oil refiner said it made losses processing crude oil in June and July because of higher raw material costs and government caps on

Oil prices higher in Asian trade as credit worries ease  -  28 Aug 2007
Forbes,At 10.01 am (0201 GMT), New York's main oil futures contract, light sweet crude for delivery in October, was 23 cents higher at 72.20 dollars a barrel from

EnCana Oil & Gas found liable for 2004 natural gas plant fire injuries  -  28 Aug 2007
Salt Lake Tribune,In addition, they are asking for punitive damages from EnCana Oil & Gas (USA) Inc., the Denver-based owner of the plant. The damages presentation is the

Uganda: Oil Search Starts in Murchison Falls Park  -  28 Aug 2007
AllAfrica.com,OIL exploration work has started in Murchison Falls National Park. The Canadian-based Heritage Oil and Gas, whose exploration area covers part of the

Greek shares flat in early afternoon, Motor Oil losses offset OTE ...  -  28 Aug 2007
Forbes,ATHENS (Thomson Financial) - Shares were flat in the early afternoon, in very thin trade for the second consecutive session, as Motor Oil's losses offset

Oil Will Make NRM Stronger - Minister  -  28 Aug 2007
AllAfrica.com,THE discovery of oil in western Uganda will help the National Resistance Movement (NRM) party consolidate its hold onto power, the defence state minister

Funding oil projects not problematic  -  28 Aug 2007
PRESS TV,Iran's caretaker oil minister has said his country will not have problems financing energy projects despite sanctions and US pressures.

Indonesian govt postpones tender of new oil and gas blocks  -  28 Aug 2007
Forbes,JAKARTA (Thomson Financial) - Indonesia's Energy Ministry has postponed an upcoming tender for new oil and gas blocks while the government clarifies the

Nanotech Oil and Gas Consortium Gets Justice Department OK  -  28 Aug 2007
Environment News ServiceWASHINGTON, DC, August 27, 2007 (ENS) - A proposal by a group of petroleum producing and oil field service companies and the University of Texas-Austin to

Revised budget sees "cooking oil subsidy, bureaucracy fix funds"  -  28 Aug 2007
Jakarta Post,The subsidy intended to protect poor households from a lately increase in cooking oil prices will amount to Rp 325 billion (US$36 million), while the funds

Myanmar fuel protests spread to northwest oil city  -  28 Aug 2007
Swissinfo,By Aung Hla Tun YANGON (Reuters) - Rare dissent in military-ruled Myanmar against soaring fuel prices spread to the oil-producing northwest on Tuesday,

Oil falls below $71 a barrel  -  Aug 27, 2007
Reuters.uk,By Randy Fabi LONDON (Reuters) - Oil prices fell on Monday as worries over a worsening US housing market offset fresh refinery problems in the world's

Heating oil rate game  -  Aug 27, 2007
MaineToday.com,By BETH QUIMBY Staff Writer A year ago, John Massengill of Scarborough thought he had finally beat the home heating oil bill game for the winter.




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