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PetroChina Corp. Above Exxon in China Trade and Market
Hours after PetroChina shares almost tripled in value on their first day of trading in Shanghai, they slumped 13 percent in New York after a big investment bank said the stock was overvalued.
China’s biggest oil and gas company — the publicly listed unit of state-owned China National Petroleum Corp. — became the world’s first company [...]
BG Group Second-Quarter Net Income Rises 13% on LNG (Update4)
BG Group Plc, the U.K.’s third- largest natural-gas producer, said second-quarter profit rose 13 percent, helped by higher shipping volumes and prices of gas delivered to the U.S.
Net income climbed to 471 million pounds ($962 million) from 418 million pounds a year earlier, the Reading, U.K.-based company said today in a statement. That’s higher than [...]
Utah, Colorado rival OPEC oil reserves, lure Chevron, Exxon, Shell
Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined.
That’s not science fiction, according to Bloomberg News. Trapped in limestone up to 200 feet (61 meters) thick in the two Rocky Mountain states is enough so-called shale oil to [...]
Mesa Uranium Lisbon Valley Project Drilling Program
Mesa Uranium Corp. is pleased to announce plans for the 2007 drilling program at its projects in Utah and Arizona. Drill programs have been designed for the following target areas and drilling permits have been obtained for several of the targets. Drilling planned for 2007 includes:
Lisbon Valley Project (100% owned, Utah)
Oil Rises Above $60 After Occidental Shuts California Oil Field
Crude oil rose above $60 a barrel for the first time in five weeks after an explosion shut down a California field owned by Occidental Petroleum Corp., the fourth- biggest U.S. oil company.
Occidental said about 120,000 barrels of oil and gas liquids a day has been lost after a fire at its Elk Hills site. [...]
Oil-addicted America finds a temporary fix in Africa
From last fall to early spring the crude oil flowing from offshore fields near the Akwa Ibom River tropical delta in Nigeria supplied the South Elgin, Ill., Marathon gas station 8,000 miles away with roughly one-quarter of its oil.
That was just part of the torrent of foreign-bought crude that prompted President Bush, one of the [...]
Black gold dreaming
When Chad became an oil producer its needy people anticipated benefiting from the incredibly profitable industry. Instead, the World Bank has frozen the country’s wealth in London bank accounts. Edmund Sanders reports.
When Chad became an oil producer its needy people anticipated benefiting from the incredibly profitable industry. Instead, the World Bank has frozen the country’s [...]
Australia pleads for mining favour in Russia
Trade ministers are like the Fuller brush salesman. The job requires long days and hard traveling, sleep-short nights in dreary hotels, selling a premium brand-name for a cheap product that customers usually think they need no more of. And when the salesman returns to headquarters, the boss hardly notices him.
