Shell announces New accounting segmentation

Tuesday, September 29th, 2009

Royal Dutch Shell plc (“Shell”) has implemented, as from 1 July, 2009, a series of changes to senior management roles and responsibilities. Accounting disclosure segmentation, as from the third quarter ...


Chevron Commences Operations on Next Generation Ultra-Deepwater DrillshipDiscoverer Clear Leader Designed to Drill Wells to a Total Depth of 40,000 Feet

Tuesday, August 18th, 2009

Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), today announced that the Discoverer Clear Leader, an ultra-deepwater drillship newly built to Chevron’s specifications, has begun work ...


KazMunayGas, ConocoPhillips and Mubadala Announce Signing of Project Agreements for Exploration and Development of N Block, Offshore Kazakhstan

Monday, June 15th, 2009

ConocoPhillips [NYSE: COP], JSC National Company KazMunayGas (KMG) and Mubadala Development Company PJSC (Mubadala) today announced that they have signed project agreements allowing the joint exploration and development of the ...


Oil News from around the web, $67.80 dollars a barrel ; new discovery has been made in Sudan

Tuesday, June 2nd, 2009

Crude oil for July 2009 delivery dropped as much as $0.78, or 1.1%, to $67.80 a barrel on the New York Mercantile Exchange. It was traded at $68.42 a barrel ...


Sinopec Corp. Announces 1Q 2009 Results

Thursday, May 7th, 2009

China Petroleum & Chemical Corporation (“Sinopec Corp.” or “the Company”) (CH: 600028; HKEX: 386; NYSE: SNP; LSE: SNP) today announced its unaudited results for the first quarter of the year ...


Steve Cassiani to Retire as President of ExxonMobil Upstream Research Company

Thursday, April 23rd, 2009

IRVING, Texas--(BUSINESS WIRE)--Mr. S. M. (Steve) Cassiani, president, ExxonMobil Upstream Research Company, has elected to retire on May 31, 2009, after more than 40 years of service. It is anticipated that ...


Eni signs new strategic cooperation agreements with Gazprom in the energy field

Tuesday, April 7th, 2009

Today in Moscow, in the presence of the Prime Minister of Russian Federation, Vladimir Putin, Eni and Gazprom signed significant agreements representing a further step in fostering strategic cooperation between ...


Oil News from around the web, Afren predicts 15,000 to 25,000 barrels of oil a day , Oil prices fell below $54

Saturday, March 28th, 2009

-Oil prices fell below $54 a barrel in Asia Friday, retreating from a new high for the year, on concerns about the sustainability of recent gains. Benchmark crude for May ...


KBR Awarded FEED Contract for Ammonium Nitrate Plant

Thursday, March 26th, 2009

at Petrochemical Complex by Egypt Hydrocarbon Corporation (EHC) HOUSTON--(BUSINESS WIRE)--KBR (NYSE: KBR) today announced that it has been awarded a contract by Egypt Hydrocarbon Corporation (EHC) to complete a Front End ...


Chevron Completes Sale of Fuel Marketing Businesses in Nigeria

Saturday, March 21st, 2009

SAN RAMON, Calif.--(BUSINESS WIRE)--Mar. 20, 2009-- Chevron Corporation (NYSE:CVX) announced that its subsidiary, Chevron Africa Holdings Limited, has completed the sale of Chevron Nigeria Holdings Limited to Corlay Global S.A, ...


Eni signs Protocol for Cooperation with the Government of Pakistan

Thursday, March 19th, 2009

The agreement enables Eni to become a strategic partner in developing the oil & gas sector in Pakistan San Donato Milanese (Milan), 18 March 2009 – Eni has signed a Protocol ...


Chevron Corporation, Major Investments in Upstream and Downstream Shaping the Company for Growth, Financial Strength

Tuesday, March 10th, 2009

NEW YORK--(BUSINESS WIRE)--Mar. 10, 2009-- Chevron Corporation (NYSE: CVX) is well positioned to deal with difficult market conditions given its strong balance sheet, numerous new growth projects coming onstream and ...


RWE Dea swaps Egypt upstream acreage with El Paso

Tuesday, February 10th, 2009

RWE Dea AG, Hamburg, and El Paso Exploration and Production Company, Houston (USA), have entered into an agreement to exchange interests in adjoining exploration acreage holdings in Egypt. Each company has ...


Eni reaches an agreement with Suez for the sale of an asset portfolio

Thursday, October 30th, 2008

The transaction is part of Eni's optimization of its portfolio and activities in the upstream, power and gas sectors San Donato Milanese (Mi), 30 October, 2009 – Pursuant to a framework ...


Exxon Mobil Corporation Announces Estimated Third Quarter 2008 Results

Thursday, October 30th, 2008

Exxon Mobil Corporation (NYSE:XOM):                                                               Third Quarter         Nine Months                                                                    2008     2007   %   2008     2007      %  Net Income              $ Millions                                                14,830   9,410   58   37,400   28,950   29  $ Per Common Share              Assuming Dilution                                     2.86     1.70      68   7.11       ...


Peter Voser to be next Chief Executive of Royal Dutch Shell plc

Wednesday, October 29th, 2008

The Board of Royal Dutch Shell plc today announced that Peter Voser will succeed Jeroen van der Veer as Chief Executive, effective 1 July 2009. Voser (50) is Chief Financial ...


Upstream Petroleum Corporation Increases Oil Production

Thursday, July 10th, 2008

American Capital Partners Ltd Announces that Upstream Petroleum Corporation Increases Oil Production WEST PALM BEACH, Fla.--(BUSINESS WIRE)--American Capital Partners Limited, Inc. (Pink Sheets:APRJ) announces that Upstream Petroleum Corporation, an oil and ...


VetcoGray Wins Major Subsea Contract for Gorgon Upstream Project Off Coast of Australia

Thursday, May 15th, 2008

Frame Agreement Includes Supply of Equipment and Services for 5 Years FLORENCE, Italy--(BUSINESS WIRE)--VetcoGray, a GE Oil & Gas business, has received an award for a frame agreement covering a period ...


Aabar signs sale agreement for upstream oil & gas unit Pearl Energy

Tuesday, April 22nd, 2008

Following the earlier announcement of 14 January 2008, Aabar Energy PJSC ('Aabar') announces that it has signed a sales and purchase agreement with Mubadala Development Company PJSC ('Mubadala') for the ...


Chevron Issues Interim Update for First Quarter 2008

Thursday, April 10th, 2008

SAN RAMON, Calif., Apr 09, 2008 (BUSINESS WIRE) -- Chevron Corporation (NYSE:CVX) today reported in its interim update for the first quarter 2008 that upstream earnings are expected to benefit ...