UAE, US are committed to stronger energy partnership

Friday, February 26th, 2010

The UAE is looking forward to maintain its close cooperation with US oil companies so as to tap their advanced technology and experiences especially in renewable energy, H.E. Mohammed bin ...


New Energy Web Portal launched today by the EIA

Thursday, October 8th, 2009

New Energy Web Portal Explains Topics in Plain Language Energy Explained , a new web portal launched today by the U.S. Energy Information Administration (EIA), celebrates Energy Awareness Month with ...


Reliance Industries Ltd. stops petroleum exports to Iran

Saturday, June 6th, 2009

Reliance Industries Ltd., the largest private-sector oil conglomerate in India, stopped petroleum exports to Iran under pressure from U.S.-backed sanctions. U.S. lawmakers in April introduced a bill imposing harsh penalties on ...


Oil News, w/e 27/02, China lends Russia $25 billion to get 20 years of oil, Militants warn of more helicopter attacks

Friday, February 27th, 2009

Iraq's Oil Ministry and British oil firm signed a joint venture deal on Thursday to drill 60 oil wells a year in southern Iraq, an Iraqi oil ministry statement said. The ...


Chevron Announces Oil Discovery in Deepwater U.S. Gulf of Mexico

Thursday, February 5th, 2009

Buckskin prospect in Lower Tertiary is similar to company's Jack discovery SAN RAMON, Calif., Feb. 5, 2009 - Chevron Corporation (NYSE: CVX) today announced a new deepwater oil discovery at the ...


Oil News FYI @ 21st Nov. 08

Friday, November 21st, 2008

US light sweet crude fell to $49.62, while London-traded Brent crude fell to $48.90 a barrel. The price of oil is around two-thirds cheaper than in July, when it hit ...


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       ...


Enbridge and BP Announce Agreement to Develop Delivery System for Canadian crude oil from Illinois to the U.S. Gulf Coast

Monday, September 1st, 2008

CALGARY, Alberta and WARRENVILLE, Ill. - August 29, 2008 - Enbridge Inc. (TSX:ENB) (NYSE:ENB) and BP Pipelines (North America) Inc. announced today they have entered into an agreement to develop ...


Eni acquires 5 new exploration licenses in US Gulf of Mexico

Thursday, August 28th, 2008

Eni's winning bids totalled approximately $11 million. All the new leases are 100% - owned and operated by Eni and are located in the Keathley Canyon Area, one of the ...


Western Standard Energy Corp. Comments on US Govt Report

Thursday, June 26th, 2008

Up to 6.2 TCF of Undiscovered Biogenic Gas Resources in Montana WILLISTON, N.D.--(BUSINESS WIRE)--Western Standard Energy Corp., (OTCBB:WSEG) (hereafter “Western Standard” or “the Company”), an oil and gas exploration company, is ...


NYMEX to Launch U.S. Carbon Allowance Contract

Wednesday, May 7th, 2008

NYMEX to Launch U.S. Carbon Allowance Contract as Part of The Green Exchange™ Venture NEW YORK, May 7  /PRNewswire-FirstCall/ -- The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, ...


GE Unit to Help Meet Global Energy Demand by Investing $5 Billion Outside US by 2010, Expands in Southeast Asia, Mideast, India

Tuesday, March 11th, 2008

SINGAPORE & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it plans to invest US $5 billion – nearly a quarter of its ...


U.S. Supreme Court hears Valdez appeal

Wednesday, February 27th, 2008

February 27, 2008 ExxonMobil this week made its case in the United States Supreme Court on the question of whether punitive damages are applicable in the Exxon Valdez oil spill case. As ...


Petroplus Announces Formation of Growth Vehicle for U.S. Refinery Acquisitions

Wednesday, February 27th, 2008

ZUG, Switzerland--(BUSINESS WIRE)--Regulatory News: Petroplus Holdings AG (SWX:PPHN) today announced that, effective 1 March 2008, it has entered into a partnership (“PBF”) with the Blackstone Group and First Reserve, to pursue ...