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BP Profit Gains on Record Oil, Higher Gas Prices
BP Plc, Europe’s second-biggest oil company, said profit rose 83 percent in the third quarter as record crude and higher natural-gas prices outweighed production setbacks in Azerbaijan and the Gulf of Mexico.
Net income increased to $8.05 billion from $4.41 billion a year ago, the London-based company said today in a statement distributed by the […]
Iron Ore Mine Exploration by BHP Billiton in Australian Suspends
Exploration of iron ore mine perforced to be stopped by happened an accident in mine exploration locatio. Iron ore mine project is property of the biggest mining company of world, BHP Billiton. iron ore mine exploration stop will lessen supply and result of iron ore exploration BHP Billiton 14 percent.
Reported at bloomberg online, BHP […]
Sango-1 New Location of Oil Mine Exploration Sonangol Mining Company
Result of cooperation Anggola National Fuel Society ( Sonangol) with exploration company mined oil from Italian announces has been found new crude oil mine. Location of this new oil mine at zone maritim Anggolan in deep water of block 15/06.
Location of exploration this new oil called Sango-1. This location found in April in a […]
North Korea Uranium Exploration Project in Namibia Feature
North Korea’s number two leader ended a trip to Namibia, a leading uranium producer, on Sunday saying he would strengthen ties with the country.
North Korea, under pressure to declare its nuclear programmes, and Namibia said they signed a memorandum of understanding on diplomatic consultations.
Kim Yong-nam, president of the presidium of the Supreme People’s Assembly, started […]
Oil Market Slowdown, International Energy Agency Reported
The world oil market could be set for a lengthy slowdown, the International Energy Agency said on Wednesday, signalling a sharp shift in the climate that pushed the oil price to 100 dollars last month.
In light of weaker global economic prospects, the IEA cut its forecast for world demand for oil this year by 200,000 […]
Endiama P&P Produces First Lot of Diamonds
Angolan diamond prospecting and producing firm “Endiama P&P”, a subsidiary to the National Diamond Company (Endiama-EP), Thursday in Luanda produced the first lot of 15,000 carats mined from Camuanzanza mine, in northeastern Lunda Norte province.
Speaking alongside the ceremony of presentation, attended by officials of the diamond sector, Endiama P&P managing board chairman, José Chimupi, said […]
Pressure on oil companies grows to end gas flaring in Nigeria
For three minutes, on the day last May when Royal Dutch Shell released its first quarter earnings figures, a flame shot high into the air in front of the company’s head office in The Hague, scorching a human chain of about 40 protesters that circled it, a few meters away, to block police efforts to […]
Oil Price London Tradding Reported : Oil retreats further and dips below $85
Oil fell more than $1 on Tuesday, retreating further from record highs set last week in response to concerns about the health of the U.S. economy and further indications OPEC has already substantially raised oil output.
U.S. crude was 86 cents lower at $85.16 a barrel by 11:30 a.m. London Brent fell 62 cents to […]
BP Plc, Europe’s profit declined in the third quarter
BP Plc, Europe’s second-biggest oil company, reported profit declined less than analysts estimated in the third quarter and said its two largest U.S. refineries are increasing production.
Profit excluding one-time items and changes in inventories dropped 6.4 percent, beating analysts’ estimates for a second consecutive quarter. Net income slid 29 percent to $4.41 billion, or 23 […]
